Forum Discussion
valhalla360
May 03, 2021Navigator
rk911 wrote:
the last time we looked into hosting...and it was a while...illinois considered the "free" campsite as taxable income. best to check.
It's not just Illinois. Federal and pretty much any state with an income tax consider it income.
Look up Barter rules with the IRS. You are supposed to estimate the value of the goods and services received and record that as income (minus any allowable deductions).
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