A "barter" is an exchange of goods and services without using cash. You can barter an item or services. Thanks to the internet and barter exchanges, you can even barter with people who are far away.

Time swaps, where you exchange your services for someone else's services in your local area, are covered in a separate article. See: Time Banks: One Way To Swap Services.

NOTE: The fair market value of barter income is treated the same as cash income for tax purposes. It is reported on Schedule C of the IRS Form 1040. To learn more, go to the IRS web site.

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