Joining this conversation.
What should you do if you gave goods to others in a different year or so, than the year you received anything in return, and vise versa. How do you report that, for example: If I received cooked meals etc. when visiting someone in 2023, but in 2024 year I in return made desserts? Does it get reported for the year you received the goods or the year you gave the goods, or do you have to Amend a tax return go back to 2023 report GAIN for that year, and then 2024 tax return count as a LOSS that year? Until you give something in return, is that actually considered Bartering or any kind of tax reporting income whatever it may be considered.?
