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No. of Recommendations: 1
Forget all the numbers, these considerations alone should suffice

If money changes hands, I'll agree with you. But there's other options; ie trading his motorcycle for a place to stay, or something similar. I'd be much more inclined to keep things simple, and have a standard rent payment, if I came out ahead by reporting the income. I'm not going to break any laws, but I'm not going to get taken for a ride by doing a friend a favor, either.


Money doesn't have to change hands, value does. Barter is taxable income.

Ira
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