No, you are bartering which is a taxable transaction. Bartering is the trading of one product or service for another. You are trading your "review service" in exchange for keeping the item you have reviewed at no cost to you as you are reimbursed the purchase price of the item.
You must include in gross income in the year of receipt the fair market value of goods or services received from bartering.
You will enter your bartering on Schedule C Profit or Loss from Business. Follow these steps to enter your business information in TurboTax.
- Open or continue your return
- Search for schedule c and click the Jump to link in the search results.
- Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and this as a new business select Add another line of work
- Follow the onscreen instructions.
This link has information that you may find helpful Where do I enter Schedule C?
@Dantheman3
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