Generally, bartering income is entered as self-employment (business) income. You're able to deduct any expenses you incurred in earning bartering income.
You may be able to use the IRS Free File delivered by TurboTax website.
- It's geared towards lower-income filers, regardless of tax return complexity, and is only offered through the IRS Free File Alliance (FFA) program. No upgrades are available.
We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income.
To set up your business and enter your bartering income:
- Open or continue your return.
- Search for schedule c and select the Jump to link in the search results.
- Answer Yes to Did you have any self-employment income or expenses? and follow the instructions.
- If you've already entered self-employment work and need to enter more, select Add another line of work.
Source: TurboTax FAQ
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
