Taxes

The IRS treats goods and services you receive by barter as income at their fair market value (IRS Tax Topic 420). Business owners report it on Schedule C; others on Schedule 1.

Download your trade history from Account. It shows the value each side stated for every finished trade.

If NotCash is later required to file Form 1099-B for barter exchanges, members will be asked for a tax ID before trading. Tax IDs are kept encrypted.

This page is general information, not tax advice.