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Calculating tax on barter (private party)
I traded some items with another person (no cash involved). Are the values for tax purposes calculated based on what I originally paid, original retail value, current retail value, or current market value?
Do monies I originally paid for the items I traded (including taxes) change anything I enter like values or gain?
Would this go under investment income?
‎February 16, 2024
9:50 AM