Bartering Income: The value of property or services you receive. If you barter, you should know that the value from bartering is taxable income. This is true even if you are not in business. Bartering is the trading of one product or service for another. Often there is no exchange of cash. Some businesses barter to get products or services they need. For example, a gardener might trade landscape work with a plumber for plumbing work.
Here are a few facts about bartering: