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Topic: If Bitcoin is property are all bitcoin purchases in the USA now in fact barter? (Read 704 times)

hero member
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'All that glitters is not gold'
sr. member
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Property exchanged for goods or services in the USA is barter. Barter is taxable and reportable

http://www.irs.gov/uac/Four-Things-to-Know-About-Bartering-1



If that is the case can the vast network of barter clubs  trade bitcoin , now  property/goods in exchange for other  goods and services?

http://www.barternews.com/mappage/

and here's a fairly good explanation of how barter exchanges work and what they aim to achieve Smiley

http://www.businessweek.com/articles/2012-07-12/using-a-barter-exchange-to-conserve-cash

and if we substituted the words "trade dollars" for "virtual currency"  would it change the meaning substantially ( for the usa)



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