You scratch my back I’ll scratch yours...Bartering for services or products usually needs to be reported to the IRS....
Barter Exchanges
A barter exchange is any person or organization with members or clients that contract with each other (or with the barter exchange) to jointly trade or barter property or services. The term does not include arrangements that provide solely for the informal exchange of similar services on a noncommercial basis. Persons who do not contract with a barter exchange but who trade services do not file Form 1099-B. However, they may have to file Form 1099-MISC.
Transactional/aggregate reporting. Barter exchanges involving noncorporate members or clients must report each transaction on a separate Form 1099-B. Transactions involving corporate members or clients of a barter exchange may be reported on an aggregate basis.
Member information. In the recipient area of Form 1099-B, enter information about the member or client that provided the property or services in the exchange.
Exceptions. Barter exchanges are not required to file Form 1099-B for:
1. Exchanges through a barter exchange having fewer than 100 transactions during the year,
2. Exempt foreign persons as defined in Regulations section 1.6045-1(g)(1), or
3. Exchanges involving property or services with an FMV of less than $1.00.
Statements to Recipients
If you are required to file Form 1099-B, you must provide a statement to the recipient. For more information about the requirement to furnish a statement to the recipient, see part M in the 2019 General Instructions for Certain Information Returns.
Pursuant to Treasury Regulations section 301.6109-4, all filers of this form may truncate a recipient’s TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)) on payee statements. Truncation is not allowed on any documents the filer files with the IRS. A filer's TIN may not be truncated on any form. See part J in the 2019 General Instructions for Certain Information Returns.
Click here for more information: https://www.irs.gov/pub/irs-pdf/i1099b.pdf