Barter

Blessings, Faith, Good News, Gratitude, Heaven, Hope, Jesus, Victory, Wonder 1 Minute

Oh boy, are we going to have some fun in this post! It is about bartering, or trading goods or services without money changing hands. Say you’ve got some potatoes from your garden that I’d like to have, and I in turn, have a shovel that would work great in your garden. We agree on the value of the shovel and how many potatoes I could get for it. Then we swap.

Sounds pretty straight forward, right? Not so much. Your must include the value of what you received as income on your tax return. Since I have the shovel, you would need to provide me with a 1099-B, Proceeds From Broker and Barter Exchange Transactions, and I would give you one for the value of the potatoes. Then we both would generally report this income on a Schedule C, Profit and Loss from Business on our 1040 form.

Hey it gets better. Let’s say you find a $20 bill on the sidewalk. You’re thinking, “this is my lucky day!” Nope. You are supposed to report that as “Other Income” on Schedule 1, line 10, which then flows through to the first page of the 1040 Form on line 8.

See, I told you this was going to be fun!

So when this thought came to me, I knew it was something that had to be shared with you.

“I wouldn’t trade Jesus for anything in the world.”

I can remember my life before Jesus, and I don’t ever want to go back. No one has anything that could induce me to say “no” to Jesus and turn my back on Him. Nothing.

Plus having Jesus in my life is beyond definition or measure, so trying to determine it’s value to put on a 1099-B would be impossible. And can you imagine the person at the IRS who has to review that tax return? It would blow their mind!

Absolutely nothing in the world lasts, why would I exchange it for Jesus, who is eternal, with whom I will spend all eternity with in heaven? Not a good trade, by any means.

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Published by God Still Speaks

I am a follower of Jesus with an insatiable hunger for the Word of God! I am doing my best to be obedient in sharing what I learn with others, with my own unique spin, using the way God made me, linear with a twist!

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12 thoughts on “Barter”

  2. What interesting fun indeed! 😀 Would I be right in assuming that the IRS don’t see a lot of 1099-B forms submitted? This reminds me of rural village life when I was a lad; there were lots of bartering across garden fences, and labour for vegetables with farmers. Another big one was hunters exchanging for bakery with women like my mum e.g. Rabbit for shortbread, yummy! But on the serious note which you make; there is no trade possible for our dear Lord and Saviour. This world would have us compromise/trade our faith for an easy life, which is hardly worth it considering our life is invested in Heaven – hallelujah.
    God bless you today sister 🙏

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  4. Blown away by God again! I just read this and it fits so beautifully with my post! Col. 1:21-22 ” You yourselves are a case study of what he does. At one time you all had your backs turned to God, thinking rebellious thoughts of him, giving him trouble every chance you got. But now, by giving himself completely at the Cross, actually dying for you, Christ brought you over to God’s side and put your lives together, whole and holy in his presence. You don’t walk away from a gift like that! You stay grounded and steady in that bond of trust, constantly tuned in to the Message, careful not to be distracted or diverted.”

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