John installed a new roof on his friend's house in return for a used truck worth $6,000.

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John installed a new roof on his friend's house in return for a used truck worth $6,000. How much income must John report on his tax return for his services?

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Income Tax Fundamentals 2016

ISBN: 9781337343527

34th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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Question Posted: Sep 11, 2016 11:38 AM

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John installed a new roof on his friend's house in return for a used truck worth $6,000.

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The noncash payment of 6000 for services perform...View the full answer

Income Tax Fundamentals 2016

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