Recap is a privacy-focused crypto tax software designed for US investors. It offers automated tax calculations, real-time portfolio tracking, and support for complex crypto transactions including DeFi and NFTs. The platform emphasizes user privacy with end-to-end encryption and integrates with major exchanges and blockchain networks. Recap simplifies crypto tax reporting while ensuring IRS compliance, making it suitable for both individual investors and tax professionals dealing with cryptocurrency investments.
Overview and Key Benefits
Recap is a privacy-focused crypto tax software designed for US investors. It offers a comprehensive solution for navigating crypto tax complexities, helping users save time, optimize taxes, and ensure IRS compliance. The platform provides automated capital gains tax calculations, real-time API sync with major exchanges, and support for various blockchain networks. Recap's key benefits include its emphasis on user privacy, ease of use, and ability to handle complex crypto transactions including DeFi, NFTs, and mining activities.
Features and Functionalities
- Automated crypto tax calculations compliant with IRS guidelines
- Real-time portfolio tracking across multiple exchanges and wallets
- Support for DeFi transactions, NFTs, and mining activities
- End-to-end encryption for data privacy
- Integration with major exchanges and blockchain networks
- Customizable tax reports including IRS Form 1040 and Form 8949
- Performance analysis and portfolio optimization tools
Competitive Advantages
Recap sets itself apart with its strong focus on user privacy. The platform uses end-to-end encryption, ensuring that sensitive financial data remains secure and private. Additionally, Recap's ability to handle complex crypto transactions, including DeFi and NFTs, makes it a comprehensive solution for serious crypto investors.
User Experience and Interface
Recap offers a user-friendly interface designed to simplify the crypto tax reporting process. The platform provides a clear overview of users' crypto portfolios and tax positions. While specific details about tutorials or the learning curve are not provided in the available information, Recap emphasizes its ease of use for US taxpayers.
Customization and Flexibility
Recap allows users to track their entire crypto portfolio in one place, providing a consolidated view of all crypto accounts and historical transactions. The platform supports various crypto activities, including trading, DeFi rewards, and NFT collections, offering flexibility for different types of crypto investors.
Integration and Compatibility
Recap integrates with a wide range of exchanges and wallets, including major platforms like Coinbase, Kraken, and Binance. The software supports on-chain data for Ethereum, Binance Smart Chain, and Polygon wallets. CSV import is available for accounts not supported by direct API integration.
Pricing and Value Proposition
While specific pricing details are not provided in the available information, Recap offers a free option for users to get started without requiring a credit card. The platform emphasizes its value in saving time, optimizing taxes, and ensuring IRS compliance for crypto investors.
Performance and Reliability
Recap claims to be compliant with the latest IRS guidance, providing accurate capital gains and income tax calculations. The platform offers real-time API sync with major exchanges, suggesting reliable and up-to-date data processing.
Suitability for Different User Segments
Recap caters to a diverse range of crypto investors, from individuals to professionals. The platform is suitable for US taxpayers dealing with various crypto activities, including trading, DeFi, and NFTs. It also offers features for crypto tax professionals, suggesting its suitability for both personal and professional use.
Community and Support
Recap provides customer support, although specific details about support channels are not mentioned in the available information. The platform offers educational resources, including US-focused guides on crypto taxation, to help users understand and navigate the complexities of crypto tax reporting.
