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Bartering advice needed
http://w-ww.luthiersforum.com/forum/viewtopic.php?f=10101&t=16629		 Page 1 of 1
Author:  Ricardo [ Fri Mar 28, 2008 4:04 pm ]
Post subject:  Bartering advice needed
I have an opportunity to barter an instrument for some health services. I am interested in your experience with bartering and whether its a good idea or not.
Author:  Michael Dale Payne [ Fri Mar 28, 2008 4:08 pm ]
Post subject:  Re: Bartering advice needed
Hummm for health services. ( still want a scratchin head emotocon) Well is the trade worth it? One draw back may be; is bartered payment for health care tax deductable idunno Some how I doubt it.
Author:  Ricardo [ Fri Mar 28, 2008 4:21 pm ]
Post subject:  Re: Bartering advice needed
If I understand the IRS correctly, the value of services received is taxable as income if bartered for, whereas normally it wouldn't be. OTOH, if I paid for the services and sold the instrument, the income on the sale is taxable. TGCOG (they get you coming or going).
Author:  Bill Greene [ Fri Mar 28, 2008 4:29 pm ]
Post subject:  Re: Bartering advice needed
I have never done it, but I have seen it done first hand, yes, and for healthcare services. From what I was told, the relationship started because the builder needed some procedural work done, and didn't have health insurance. The doctor found out he was a luthier, and rather than make monthly payments to the physician, the two decided to make a swap. From there, apparently a close friendship developed and for years they did work for each other as a "professional courtesy." In fact, the builder was a monster player, and gave the physician lessons also. So it can work, yes. I have no idea on the tax implications.
Author:  stan thomison [ Fri Mar 28, 2008 4:45 pm ]
Post subject:  Re: Bartering advice needed
I would again and have done it. Between you and doc way I look at it. Not for guitar, but for a birddog (english setter) and training a German shorthair pup he had bought. Both ended up good dogs and field trial champs. Good for both of us at the time.
Author:  KenH [ Fri Mar 28, 2008 5:56 pm ]
Post subject:  Re: Bartering advice needed
I have bartered for instruments and services and it worked out good for me. If you feel that it is an even swap, then why not??
Author:  Bob Long [ Fri Mar 28, 2008 6:03 pm ]
Post subject:  Re: Bartering advice needed
Ricardo, My wife gets free chiropractic work pretty much for life in exchange for one of my guitars. An important caveat though, is to make sure you both have a really good understanding of what the instrument and the service is worth. you'll want to avoid any misunderstanding in regards to how much service is expected.

I would do it again and often... In fact, I'm looking for a dentist that plays guitar!

long
Author:  Hesh [ Fri Mar 28, 2008 6:34 pm ]
Post subject:  Re: Bartering advice needed
Do the eligible health care services include being put completely under with a general anesthetic?

If so you could be trading scalloped braces for an unwanted vasectomy......... or worse - get it in writing....... :D
Author:  Ricardo [ Fri Mar 28, 2008 6:54 pm ]
Post subject:  Re: Bartering advice needed
Hesh, actually its a crown for a uke. I've been fixed a long time ago. laughing6-hehe
Author:  Hesh [ Fri Mar 28, 2008 7:06 pm ]
Post subject:  Re: Bartering advice needed
Got it - a crown..... just looking out for your ........ interests my friend....... laughing6-hehe
Author:  Ricardo [ Fri Mar 28, 2008 7:12 pm ]
Post subject:  Re: Bartering advice needed
A uke for a vasectomy would be striking a different chord! :roll:
Author:  McCollum [ Fri Mar 28, 2008 11:59 pm ]
Post subject:  Re: Bartering advice needed
Just remember to trade retail for retail, then it will be fair!
Lance
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