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Barter vs Cash?


Kody S
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Does anyone have 411 on what it means when a masseur indicates that they accept "barter or cash" for payment? Obviously I know what cash is for the massage, but has anyone "bartered" for a massage?

 

probably something like. you buy xxx and xxx for me or off my amazon wish list and consider it the payment for the session.

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Barter is defined as an exchange of goods or services without using money. It may even involve the use of a regional or national barter exchange organization (ex: “u-exchange”, “IMS”, “ITEX”). Things like dental work, car repair, home maintenance, hotel accommodations, food produce, etc.

 

And, just to be clear, the IRS considers most barter transactions taxable.

 

https://www.irs.gov/taxtopics/tc420.html

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