Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
C
christigro
February 3, 2021
Question

Does giving money to family or friends through apps like Venmo count as cryptocurrency

  • February 3, 2021
  • 1 reply
  • 0 views
No text available

1 reply

M
MayaD
February 3, 2021

No. Cryptocurrency is a digital or virtual currency. Digital currency is a form of currency that is available only in digital or electronic form, and not in physical form

Venmo is a type of peer-to-peer payment platform. It's a mobile app that enables sending money easily among friends. 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification