What kind of transaction is considered ‘non-monetary/free-of-charge’ according to the Disclosure Form? And why is a taxpayer obligated to report that?

Non-monetary or free-of-charge transactions are usually transactions completed with a return or without a return and normally conducted with a third party. Transactions without consideration between related persons are supposed to be not at arm’s length.

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What kind of transaction is considered ‘non-monetary/free-of-charge’ according to the Disclosure Form? And why is a taxpayer obligated to report that?