Taxes

There is no tax advantage or disadvantage to barter transactions. Income generated through ACX is taxable in the year in which the sale occurs.

Barter exchanges are required to file Form 1099-B, Proceeds from Broker and Barter Exchange Transactions for all member transactions within the calendar year.

ACX issues Form 1099-B summarizing the value of all sales made through the exchange during the year — the member gets one and one is filed with the IRS.

Certain purchases made through the exchange are tax deductible. We encourage you to consult a CPA or tax professional to determine the best way to record and account for trade business.