> On May 23, 2022, at 5:32 AM, Michael or Penny Novack
> <stepbystepf...@comcast.net> wrote:
>
> Are there any folks in Ithaca NY using gnucash to track the local "currency"?
> << or in the other places where a "local currency" is in use >> For those who
> don;t know what I am talking about, the "Ithaca Hour" is a work exchange
> currency. Nominally pegged at $10/US but there is not supposed to be currency
> exchange << is there a "black market" exchange rate? >>
Using a non-currency for trade is barter. https://www.irs.gov/taxtopics/tc420
<https://www.irs.gov/taxtopics/tc420> sketches the reporting requirements for
US taxpayers.
Regards,
John Ralls
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