This will go under Less Common Income.
- When you are in the Less Common Income Section, select Start next to Miscellaneous Income, 1099-A, 1099-C
- Select Bartering income not already reported
When you get to where you need to Enter your bartering income, you'll have to convert the goods or services you received to a cash value by finding its fair market value. The fair market value is the actual cash value that the goods or services are worth to the public. In other words, find out how much it'd cost to buy the goods or services you received.
Be sure to click on the blue Learn More for additional information. The window that will open also has examples and how to find the fair market value.
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