Recap

👥 One View of All Your Crypto Accounts

This tool provides a comprehensive view of all your crypto accounts in one place, allowing users to track historical cryptocurrency transactions and assets. This feature enhances user engagement by making it easy to see the entire portfolio's worth in USD, analyze performance, and plan future investments. The ability to preview capital gains for free adds a layer of convenience, making financial planning more efficient and informed.

📊 Accurate, IRS Compliant Crypto Tax Reports

Generating accurate and IRS-compliant crypto tax reports is a standout feature. The tool automatically generates IRS FORM 1040 and FORM 8949, ensuring compliance with the latest IRS guidance. By securely sharing data with accountants and enabling delegated filing, users benefit from a hassle-free tax reporting process. This accuracy and automation significantly reduce the time and effort required for tax preparation.

🔒 Real-time API Sync and On-chain Support

Innovative real-time API sync with major exchanges like Coinbase, Binance, and Kraken, along with on-chain support for Ethereum, Binance Smart Chain, and Polygon wallets, sets this tool apart. This seamless integration ensures that all transactions are accurately tracked and updated in real-time, enhancing user engagement by providing up-to-date information. The CSV import option for other accounts adds flexibility and customization, accommodating a broad user base.

Pros

Effortlessly calculate your US crypto taxes that is IRS compliant. Unmatched privacy meets the user need for security.
Automated support for major exchanges like Coinbase, Binance, Kraken ensures convenience.
One view of all your crypto accounts helps you track all historical transactions and assets in USD.
Analyse the performance of your crypto to plan and optimise future investments, aiding in long-term financial planning.
Preview your capital gains for free helps users stay informed without any cost.
Automatically generate IRS Forms 1040 and 8949, reducing manual paperwork.
Securely share your data with your accountant and delegate filing makes it easy for professional handling.
Real-time API sync for major exchanges reduces the need for manual updates.
On-chain support for Ethereum, Binance Smart Chain, and Polygon wallets ensures compatibility with popular platforms.
Detailed guide and strategies for minimizing your US crypto tax bill offer users ways to reduce their tax burden

Cons

Real-time API sync might not cover lesser-known exchanges, impacting users with less common crypto exchanges.
CSV import for all other accounts can be cumbersome and time-consuming compared to API sync.
Previewing capital gains for free may not provide full functionality, limiting the user experience.
Reliance on accurate API data means any sync issues could affect tax calculations.
Advanced features may come at a cost, impacting overall user satisfaction for budget-conscious users.

Simplify your US crypto taxes with Recap's automated, IRS-compliant reports. Recap offers a comprehensive view of all your crypto accounts, allowing you to track historical transactions and assets in USD, analyze performance, and preview capital gains for free. Accurate cryptocurrency tax reports are automatically generated, including IRS Form 1040 and Form 8949, facilitating hassle-free tax preparation. Real-time API sync with major exchanges and on-chain support for Ethereum, Binance Smart Chain, and Polygon ensures up-to-date transaction tracking. While it provides convenience and automation, Recap may have limitations such as limited support for lesser-known exchanges and potential additional costs for advanced features.