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Barter transaction

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Definition Edit

A barter transaction involves two parties, with one party providing a good, service or asset other than cash to the other in return for a good, service or asset other than cash.

Virtual economies Edit

"Some virtual economies may function similarly to barter exchanges, where bartering is the exchange of goods or services in lieu of monetary payments."[1]

References Edit

  1. Virtual Economies and Currencies: Additional IRS Guidance Could Reduce Tax Compliance Risks, at 3.

See also Edit

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