Tax notice
No money passes between members here. That does not mean an exchange is invisible to the authorities where you live, so this page says plainly what we understand to be true and leaves the rest to you and your own accountant.
Pending CPA review. This wording was written for this build and has not yet been reviewed by a certified public accountant or an attorney.
Bartered goods and services are generally taxable
In the United States, goods and services received through barter are generally treated as taxable income at the fair market value of what was received, in the year it was received. This holds whether you trade as a business, as an individual, or through a congregation, and whether the exchange was direct, part of a ring, or one round of a rotation.
Your reporting is yours
Each member is responsible for their own record-keeping and their own reporting — what must be reported, on which forms, and to which authorities. The Storehouse does not file anything on your behalf, does not withhold anything, and does not issue tax documents. What you see in your own private reflection is a reference figure for your eyes, not a filing figure and not a statement of what is reportable.
What the Storehouse does not do
- It gives no tax, legal, or accounting advice — and neither does the assistant. Please ask your own accountant or attorney about your situation.
- Reference prices on listings are context so two members can weigh a fair exchange. They are never payable, and they are not a valuation for any other purpose.
- Nothing gathered from the Corner is a trade, and nothing received there is recorded against you.
Terms · How your records are kept · Return to the Storehouse