Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
H
harleigh77
April 13, 2020
Question

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

  • April 13, 2020
  • 1 reply
  • 0 views
No text available

1 reply

KathrynG3
KathrynG3
April 13, 2020

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
fanfare
Employee
April 13, 2020

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

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