topic I put my retirement stipend in a Vanguard account. Is this virtual currency? in Retirement tax questions

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

harleigh77 — Mon, 13 Apr 2020 15:18:11 GMT

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

KathrynG3 — Mon, 13 Apr 2020 18:56:05 GMT

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

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

fanfare — Mon, 13 Apr 2020 18:51:34 GMT

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