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Is Bartering Taxable?
It sure is. According to Scott Estill, a former senior IRS trial attorney and the author of "Tax This! An Insider's Guide To Standing Up To The IRS," casual exchanges between non-commercial parties for similar services is usually not taxable. Offering to cut a neighbor's grass while they are on vacation in exchange for the same, for example, won't trigger a tax consequence (the key to this that you are both non-business parties, and the value is nearly identical.). When businesses venture into the same waters, especially with products and services that they would normally profit from, the obligation to cut the IRS into the action can occur.
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When goods, in particular, are exchanged, it may not be considered bartering at all. If two parties trade computers of equal value, for example, this may not be taxable – especially if neither party is in the business of selling computers.



https://www.investopedia.com/financial-edge/0312/the-tax-imp...

So since we don't rent our properties, this would imply that house swaps may not be a taxable event. That would change if we rented them out.

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