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Can a Barter be a one-way transaction? Donate time and get nothing in return? That is not my definition of "barter", that is a donation. Donors are not required to report donations. They can report the donation if they want a tax break but nothing says the donation has to be reported.
Do employers who expect salaried employees to work unpaid overtime report the time as a donation they received? Where do I report my unpaid time?@GopherT
Refer to IRS publication 17. You must report all income, foreign and domestic. This includes the fair market value of door prizes, bartered income, as you surely told who you barted with the value of you services and asked them to provide you with their figure.
Don't forget, if you take a bribe, you are required to report it.
They are reported as other income on line 21 of the form.
By the way.. Both parties are to report the value of goods and services they received.
Can a Barter be a one-way transaction? Donate time and get nothing in return? That is not my definition of "barter", that is a donation. Donors are not required to report donations. They can report the donation if they want a tax break but nothing says the donation has to be reported.