Forum Discussion
stickdog
May 03, 2021Explorer
valhalla360 wrote: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).
May want to look at that again. We volunteer 8 months per year and always with state or federal agencies.
These are not bartering arrangements. Look under IRS rules for volunteer regulations and you will find something different when volunteering with a non-profit.
If you're trading work for a site with a profit oriented business that is bartering and taxable income.
We have received a stipend from federal agencies and that is a reportable income.
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