ext_221539 ([identity profile] geezer-also.livejournal.com) wrote in [community profile] talkpolitics 2011-09-11 07:11 pm (UTC)

"Only if the value has been monetized"

The problem is that this only works if it's a straight trade of services, that the IRS cannot show any actual money being involved, example I repair your roof leak and you fix my plumbing problem (I hate doing plumbing). However even this is iffy, at least in California, since, as I understand it, in construction trading, a value must be assessed, so that it CAN be counted as income.

As a mod, I have to say I really enjoyed this exchange between you an Bogey :D

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