Page "Barter" Paragraph 16

Other countries though do not have the reporting requirement that the U. S. does concerning proceeds from barter transactions, but taxation is handled the same way as a cash transaction.

If one barters for a profit, one pays the appropriate tax ; if one generates a loss in the transaction, they have a loss.

Bartering for business is also taxed accordingly as business income or business expense.

Many barter exchanges require that one register as a business.