How does the IRS view barter exchanges like The Barter Depot?
The IRS classifies barter companies as third-party record keepers. Therefore, Barter Depot has the same reporting requirements as banks and stock exchanges. Each year, clients receive a Form 1099B that reports their Barter Depot sales (US $1.00 = 1.00 trade dollar$). A copy of the client’s Form 1099B is also sent to the IRS, as required by law.
