Trading a Cellphone to a Porsche

July 25th, 2010 admin
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Recently, I saw a short blurb on the local news regarding a teenager who bartered his way from a cellphone to a Porsche. There’s an issue with this, of course, taxes. When you barter goods, you’re supposed to send a Form 1099-B to the other person (to represent the difference in the value of goods). So let’s say I trade my worthless cellphone (valued at $10) for your worthless headset (valued at $10). No big deal. However, say I trade a worthless cellphone for an iPad (worth $300). The other person is supposed to send me a Form 1099-B …


Originally posted on TaxableTalk

 
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FaaSyiiffaaa (syifa nurjuanita)  : apasiih aii gga jelas deh wakwakwk gga tdur lagii? :p RT @METHAaii: apahsajah boleh HAHA :p RT @FaaSyiiffaaa: barter http://mtw.tl/lhgqqx..
Updated : 2010-09-04T22:35:24Z   |  Reply  |  View Tweet
akooe_reza (Rizki Fajar Kusumo P)  : @12dian Yaaw u no, owh eaaa..otak2 aja deh. Ntaar klu dh smpai solo, q barter ma karak.:-P..
Updated : 2010-09-04T22:24:07Z   |  Reply  |  View Tweet
michiganonline (Detroit Michigan)  : [Ad] Play FARMERAMA online against thousands of other farmers and barter and trade to your heart's content! ? http://x.azjmp.com/4VTMF #Game..
Updated : 2010-09-04T22:23:55Z   |  Reply  |  View Tweet
alaskaonline (Anchorage Alaska)  : [Ad] Play FARMERAMA online against thousands of other farmers and barter and trade to your heart's content! ? http://x.azjmp.com/4VTMF #Game..
Updated : 2010-09-04T22:23:55Z   |  Reply  |  View Tweet
METHAaii (Aprymetaa Ranudhirjo)  : apahsajah boleh HAHA :p RT @FaaSyiiffaaa: barter sama apadeh?? -_-" RT @METHAaii: barter yaa ? HAHA RT @FaaSyiiffaaa: bener yakk .. hhahaase..
Updated : 2010-09-04T22:22:14Z   |  Reply  |  View Tweet
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