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bartering?

Posted By: joe freedman
Date: Saturday, 20 June 2009, at 1:53 a.m.

In Response To: bartering? (Michael Petch)

I'm fairly sure that under U.S. tax law, you must pay a tax on the fair market value of the item received. So if I pay you a gold coin worth $1000, you must pay a tax on $1000, not the face value of the coin. Further appreciation of the coin would be subject to capital gains treatment when the coin is transferred.

Messages In This Thread

• Attendance ... Perhaps it is the Money
  Bill Riles -- Thursday, 18 June 2009, at 9:54 p.m.
  • Attendance ... Perhaps it is the Money
    mikeg -- Thursday, 18 June 2009, at 10:44 p.m.
  • Attendance ... Perhaps it is the Money
    Matt Cohn-Geier -- Thursday, 18 June 2009, at 10:58 p.m.
  • Attendance ... Perhaps it is the Money
    adambulldog -- Thursday, 18 June 2009, at 11:28 p.m.
    • Attendance ... Perhaps it is the Money
      Bill Riles -- Thursday, 18 June 2009, at 11:36 p.m.
      • Attendance ... Perhaps it is the Money
        Bill Riles -- Thursday, 18 June 2009, at 11:40 p.m.
    • Attendance ... Perhaps it is the Money
      Stick -- Thursday, 18 June 2009, at 11:37 p.m.
      • Attendance ... Perhaps it is the Money
        adambulldog -- Thursday, 18 June 2009, at 11:58 p.m.
        • Attendance ... Perhaps it is the Money
          Barry Silliman -- Friday, 19 June 2009, at 12:07 a.m.
          • Attendance ... Perhaps it is the Money
            adambulldog -- Friday, 19 June 2009, at 12:24 a.m.
            • Attendance ... Perhaps it is the Money
              Barry Silliman -- Friday, 19 June 2009, at 4:32 a.m.
          • Attendance ... Perhaps it is the Money
            Bill Riles -- Friday, 19 June 2009, at 12:30 a.m.
            • Attendance ... Perhaps it is the Money
              Barry Silliman -- Friday, 19 June 2009, at 4:34 a.m.
    • Attendance ... Perhaps it is the Money
      Keene -- Friday, 19 June 2009, at 1:23 a.m.
    • Attendance ... Perhaps it is the Money
      joe freedman -- Saturday, 20 June 2009, at 2:18 a.m.
      • Attendance ... Perhaps it is the Money
        Bob Koca -- Saturday, 20 June 2009, at 2:24 a.m.
        • Attendance ... Perhaps it is the Money
          adambulldog -- Saturday, 20 June 2009, at 2:59 a.m.
          • Attendance ... Perhaps it is the Money
            Rich Munitz -- Saturday, 20 June 2009, at 5:07 a.m.
  • ABT events... silly question
    Michael Petch -- Friday, 19 June 2009, at 12:20 a.m.
    • ABT events... silly question
      phil Simborg -- Friday, 19 June 2009, at 5:50 a.m.
      • ABT events... silly question
        Michael Petch -- Friday, 19 June 2009, at 4:47 p.m.
        • ABT events... silly question.... No home based play
          Rod -- Saturday, 20 June 2009, at 4:19 p.m.
  • Attendance ... Perhaps it is the Money
    Chuck Bower -- Friday, 19 June 2009, at 12:49 a.m.
    • Attendance ... Perhaps it is the Money
      Dan Pelton -- Friday, 19 June 2009, at 5:38 a.m.
      • Attendance ... Perhaps it is the Money
        Jason Lee -- Friday, 19 June 2009, at 2:32 p.m.
      • Attendance ... Perhaps it is the Money
        Chuck Bower -- Friday, 19 June 2009, at 3:38 p.m.
  • Attendance ... Perhaps it is the Money
    Rich Munitz -- Friday, 19 June 2009, at 2:54 a.m.
    • Attendance ... Perhaps it is the Money
      Bill Riles -- Friday, 19 June 2009, at 3:03 a.m.
    • Attendance ... Perhaps it is the Money
      Bob Koca -- Friday, 19 June 2009, at 3:09 a.m.
      • Attendance ... Perhaps it is the Money
        Michael Petch -- Friday, 19 June 2009, at 3:50 a.m.
        • [OT] Attendance ... Perhaps it is the Money
          MaX -- Friday, 19 June 2009, at 2:45 p.m.
      • Attendance ... Perhaps it is the Money
        Chuck Bower -- Friday, 19 June 2009, at 3:51 p.m.
        • Attendance ... Perhaps it is the Money
          Sam Pottle -- Friday, 19 June 2009, at 4:12 p.m.
          • Attendance ... Perhaps it is the Money
            Jason Lee -- Sunday, 21 June 2009, at 7:26 p.m.
    • Attendance ... Perhaps it is the Money
      Michael Petch -- Friday, 19 June 2009, at 3:46 a.m.
    • Attendance ... Perhaps it is the Money
      Matt Cohn-Geier -- Friday, 19 June 2009, at 4:34 a.m.
      • Attendance ... Perhaps it is the Money
        Rich Munitz -- Friday, 19 June 2009, at 4:45 a.m.
        • LOL *NM*
          Coolrey -- Saturday, 20 June 2009, at 4:13 a.m.
  • News Coverage for BG Tourneys
    mamabear -- Friday, 19 June 2009, at 1:28 p.m.
    • Schedule C.... Incorrect Information re Expenses for Most People
      Rod -- Friday, 19 June 2009, at 4:52 p.m.
      • bartering?
        Chuck Bower -- Friday, 19 June 2009, at 9:30 p.m.
        • bartering?
          Michael Petch -- Saturday, 20 June 2009, at 1:48 a.m.
          • bartering?
            joe freedman -- Saturday, 20 June 2009, at 1:53 a.m.
        • bartering?
          joe freedman -- Saturday, 20 June 2009, at 1:50 a.m.
        • bartering?
          Bill Riles -- Saturday, 20 June 2009, at 3:03 a.m.
        • bartering?
          Rod -- Saturday, 20 June 2009, at 4:09 p.m.
  • Attendance ... Perhaps it is the Money
    trichard -- Friday, 19 June 2009, at 8:44 p.m.
  • Attendance ... Perhaps it is the Money
    huntoften -- Saturday, 20 June 2009, at 7:56 p.m.
    • Attendance ... Perhaps it is the Money
      Michael Petch -- Saturday, 20 June 2009, at 9:21 p.m.
    • Attendance ... Perhaps it is the Money
      KenB -- Sunday, 21 June 2009, at 1:33 a.m.
      • Attendance ... Perhaps it is the Money
        huntoften -- Tuesday, 23 June 2009, at 10:22 p.m.
    • Attendance ... Perhaps it is the Money
      Bill Riles -- Sunday, 21 June 2009, at 2:21 a.m.
    • Attendance ... Perhaps it is the Money
      Chuck Bower -- Sunday, 21 June 2009, at 4:18 p.m.
      • Attendance ... Perhaps it is the Money
        huntoften -- Tuesday, 23 June 2009, at 10:18 p.m.
        • Attendance ... Perhaps it is the Money
          Chuck Bower -- Wednesday, 24 June 2009, at 2:11 p.m.