Question: Rev. Rul. 7 9 - 2 4 , 1 9 7 9 - 1 C . B . 6 0 , discusses a situation where

Rev. Rul.

79 - 24, 1979 - 1

.

. 60,

discusses a situation where members of a barter club utilize the club's directory to contact other members directly and negotiate the value of the services to be performed. Rev. Rul.

79 - 24

holds that the fair market value of the services received by the members is includible in their gross incomes under section

61

of the Code.

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