Recap

Using Recap is straightforward. Step 1: Sign up for a free account. Step 2: Connect your crypto exchanges and wallets to Recap. This allows the software to pull in all your transaction data. Step 3: Review your transaction data on the Recap dashboard. Step 4: Automatically generate your tax reports by clicking the 'Generate Report' button. Step 5: Download and use the tax report for filing your taxes.

Yes, Recap is compliant with IRS guidelines. The software is designed to meet all the requirements for reporting cryptocurrency transactions. It provides multiple formats for tax reports that align with IRS standards, ensuring that users can accurately report their crypto gains and losses.

Recap offers three pricing plans. The Free Plan is $0 per year, providing basic features without a cost. The Basic Plan costs $99 per year, designed for users with up to 5,000 transactions. The Pro Plan is $179 per year, suitable for users with large trading volumes and unlimited transactions.

Recap's Free Plan includes various essential features such as unlimited integrations with exchanges, end-to-end encryption, mining and staking tracking, DeFi and DEX tracking, tax position preview, futures and margin trades, and data error checking. Users can track their portfolio and review their tax position for free.

Yes, Recap supports DeFi and DEX transactions. The software includes features that allow users to track decentralized finance activities and decentralized exchanges. This ensures comprehensive tracking of all types of crypto transactions within their portfolio.

Yes, Recap can handle large volumes of transactions, especially with the Pro Plan. The Pro Plan supports unlimited transaction tracking, making it ideal for users with significant trading activity. This feature ensures that all transactions are accurately recorded and reported.

Yes, the tax reports generated by Recap are fully compatible with IRS requirements. The software provides multiple tax report formats that comply with IRS standards, including forms such as 8949 and Schedule D. This ensures that users can confidently use these reports for tax filing.

Yes, Recap prioritizes data security with features like end-to-end encryption. This ensures that user data is protected from unauthorized access throughout the entire process. Users can trust that their personal and financial information is kept secure.

Yes, Recap allows users to share their data with accountants. The Accountant Sharing feature facilitates easy data sharing, ensuring that tax professionals have access to the necessary transaction details for accurate tax filing and advice.

Recap currently supports the English language. This ensures that users can navigate and use the software effectively if they are proficient in English. Additional language support may be added in the future to cater to a broader audience.

Recap includes automated data error checking to ensure the accuracy of transaction records. This feature identifies and corrects errors in the data, providing warnings for missing acquisitions, unidentified asset warnings, and read-only transactions. This helps maintain data integrity and accuracy in tax reporting.