Recap is a privacy-focused crypto tax software designed for US investors. It simplifies the complex process of calculating and reporting cryptocurrency taxes. The tool automatically imports transaction data from various exchanges and wallets, then generates accurate tax reports compliant with IRS guidelines. Recap also functions as a comprehensive crypto portfolio tracker, allowing users to monitor their investments in real-time.
Major Highlights
- Privacy-centric approach to handling sensitive financial data
- Supports over 700 integrations across exchanges, wallets, and blockchains
- Real-time API sync with major exchanges like Coinbase, Kraken, and Binance
- On-chain support for Ethereum, Binance Smart Chain, and Polygon wallets
- Automatic generation of IRS Form 1040 and Form 8949
- Free preview of capital gains calculations
- Secure data sharing with accountants
- User-friendly interface with portfolio tracking features
- Compliance with the latest IRS guidance
- Competitive pricing with a free tier available
Use Cases
- Calculating annual crypto tax obligations for US investors
- Tracking and managing diverse cryptocurrency portfolios
- Analyzing crypto investment performance for future planning
- Simplifying tax reporting for DeFi and NFT transactions
- Collaborating with tax professionals on crypto-related filings
- Optimizing tax strategies for cryptocurrency investments
- Staying compliant with evolving IRS regulations on digital assets
- Consolidating crypto transaction data from multiple sources
- Preparing for potential IRS audits related to crypto activities
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