Are payments received via PayPal that are paid in USD ($) considered virtual currency?

anthonytaxes20 · ‎May 17, 2021

Kind of confused by the question "Did you acquire, sell, or exchange any virtual currency in 2020?" Because I did receive payments virtually in USD ($) via PayPal but nothing in the form of Bitcoin or anything like that.

AnnetteB6 · ‎May 17, 2021

No, payments received through PayPal that are in US Dollars are not considered to be virtual currency. The question is referring to Bitcoin or other forms of cryptocurrency.

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AnnetteB6 · ‎May 17, 2021

No, payments received through PayPal that are in US Dollars are not considered to be virtual currency. The question is referring to Bitcoin or other forms of cryptocurrency.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Are payments received via PayPal that are paid in USD ($) considered virtual currency?