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Both tax pros and financial service firms expect the new 1099-B, Proceeds From Broker and Barter Exchange Transactions, to cause mass confusion.
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However, if you go through a barter exchange, the transactions would be reported on a form 1099-B, not a form 1099-MISC, unless they meet certain exceptions.
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The legislation prohibits the sale, barter or exchange of an award by the recipient, and while it could be passed down within an astronaut's family, it would have to be returned to NASA if there is no heir.
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As sales for money replaced barter, economic exchange became faster and more frequent.
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Others have dropped out of the money economy and rely on barter, through an exchange network that drew in as much as a third of the population at its peak earlier this year.
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