Crypto Tax Software with Recap
Recap is a game-changer for US crypto investors and tax professionals. It offers a comprehensive solution to navigate the complex world of crypto taxes. With its privacy focus, users can manage their crypto tax obligations with ease and confidence.
The core features of Recap are impressive. Its crypto portfolio tracker allows users to monitor their entire crypto portfolio in one place. It provides real-time tracking of crypto investments, enabling users to see the true value of their portfolio and analyze the performance to plan and optimize future investments.
The crypto tax software functionality is another standout feature. Users can simply import their crypto trading history, and Recap instantly calculates capital gains and income taxes. It is compliant with the latest IRS guidance, and users can preview their capital gains for free. The software also automatically generates IRS Form 1040 and Form 8949, and securely shares data with accountants for delegation of filing.
In addition, Recap offers integrations with various exchanges and wallets, making it easy to import transactions. It supports major exchanges like Coinbase, Kraken, and Binance, as well as on-chain support for Ethereum, Binance Smart Chain, and Polygon wallets. CSV import is available for all other accounts.
Recap also provides valuable resources such as US crypto tax guides to demystify the complexities of crypto tax. Users can browse through these guides to gain a better understanding of the tax implications and strategies for minimizing their tax bills.
Overall, Recap simplifies the process of calculating and staying on top of crypto taxes, making it an essential tool for anyone involved in the crypto space.
