Uncompensated Benefit W-2
What exactly does this mean? The way I would interpret that as being a dollar amount for space on your W-2 form just as if they paid you. Correct?
Forum Discussion
Barter income is taxable. If I mow your lawn and you in exchange give me some free beer, this is income. In the case of functioning as a campground host or employee, an interesting angle might be the fact the value of lodging provided by the employer when the employee is required to live on the premises for the convenience of the employer may be excludable from income. Ask the campground operator to review the tax treatment with their CPA or EA (Enrolled Agent). I don't know if this last loophole mentioned might be a way out of treating the value of the site as income.
Todd
Minnesota
I am an EA.
Todd
Minnesota
I am an EA.
