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harleigh77
New Member

I put my retirement stipend in a Vanguard account. Is this virtual currency?

 
2 Replies
KathrynG3
Expert Alumni

I put my retirement stipend in a Vanguard account. Is this virtual currency?

No. Your retirement stipend in a Vanguard account is not virtual currency.

Virtual currency is also known as cryptocurrency. Cryptocurrency is not in US Dollars, it is its own currency. Your retirement stipend was likely issued in US dollars, even though it was transacted electronically.

For more information, see How is cryptocurrency like Bitcoin taxed?

[Edited 4/13/2020 | 11:55 PM PST]

@harleigh77

fanfare
Level 15

I put my retirement stipend in a Vanguard account. Is this virtual currency?

@KathrynG3  what I think you're trying to say is, US Dollar is not a virtual currency.

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