Primary advantage of bartering is that it is essentially tax-free as long as no cash is involved.

Name: Primary advantage of bartering is that it is essentially tax-free as long as no cash is involved.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Bartering transactions are still subject to taxation even if no cash is involved. In the United States, the Fair Market Value of the goods or services exchanged is considered taxable income, and both parties must report it to the IRS.

Primary Advantage of Bartering Is That It Is Essentially Tax-Free