Quote:
Originally Posted by edcopp
If a person was interested in bartering it might be a big help to learn the rules. The main reason that one might want to barter would be for personal gain. Gain as you know has value and value is measured in money. So all gains have a value that can be measured in money, even if no money changes hands.
The rules are pretty simple, when you make a profit the government wants some of it.
Go to the IRS web site and search "Barter". This will lead you to all the rules, and yes they even have forms to fill out (to help you out). If you do not have any idea how to figure out the value (in Dollars) of your barter profit. not to worry; they have charts to help you with this. They are , as you know; here to help.  |
The problem with that line of logic is tax is in fiat dollars,untill I have exchanged real good acquired in barter, there is no profit.
If any to start.
If the Barter is equitable then its a wash, and if I sell the said private property, then no taxes should be due unless I have something like capital gains...
They recently started a photo, thumb print,official papers, sign your life away as well as have to do all the same when cashing the check at the bank....
For scrap metal, the scrap yard owner agreed its about taxes not theft.
Most things in the yard would be hard to trace as stolen, more then like you could establish a circumstantial case... but nothing rock solid unless it was utility or rail road related.
I'm not in the scrap bushiness, but I do acquire property others have disposed of, I also generate a bit of unusable but valuable property in the coarse of life. I should just give this away to the people I am forced to pay to dispose of that which I deem of no value.
I can sell other personnel property and not incur the collectors.
SMH...
Want to barter just strike up a convo, during the coarse layout your cash poor but willing to barter, someones interested they'll ask what do you need. then you haggle the deal.
Sometimes folks will just say here, which case don't forget the kindness.
Keep in touch, they mention something , you can manage, do it.
It won't be forgot.
Be careful who you take favors from... A favor or kindness should never be self serving.
Though you will in a way be indebted, some will take advantage.
or feel entitled for there good will, entitlement is not limited to hand outs.
any barter should be close to even steven.
if you have regular trade partners, sometimes they get the better end, sometimes you. should balance out.
If your in bed with someone and they get the better every time I would avoid it. diplomatically of coarse.
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