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Level 1

Question

Is cash app. considered virtual currancy?

Forum|Forum|4 years ago
February 28, 2022
2 replies
0 views

im so lost ,is cash app. considered virtual currency

TurboTax Deluxe Online

Level 15

cash app is an exchange. so in and of itself, it is not virtual currency. however, some of the things you can do with the app is to deal in virtual currency.

see this link on things you can do with the app

https://www.tastyreferrals.com/what-is-cash-app/

Level 15

No cash app is not virtual currency. Cash app is just a way to transfer money to other people via mobile payment.

https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**