Overview
Automated Cryptocurrency Tax Compliance
Recap streamlines the complex process of cryptocurrency tax reporting through automated calculations and IRS form generation. The platform automatically categorizes transactions, determines tax liabilities, and generates compliant documentation, making it easier for US investors to meet their tax obligations without manual calculations.
Multi-Exchange Portfolio Integration
The platform offers seamless connectivity with major cryptocurrency exchanges through API synchronization, enabling real-time portfolio tracking across multiple trading platforms. This integration provides users with a consolidated view of their crypto holdings and transaction history, eliminating the need for manual data entry or switching between different exchange accounts.
Comprehensive DeFi Transaction Support
Recap's blockchain integration capabilities extend to decentralized finance (DeFi) transactions, supporting various activities including staking rewards, liquidity pool interactions, and smart contract operations. The platform automatically tracks and categorizes these complex transactions for both portfolio monitoring and tax reporting purposes.
Privacy-Focused Data Protection
Security and privacy are prioritized through robust data protection measures and secure API key management. The platform ensures user information remains confidential while maintaining the necessary transparency for tax reporting and portfolio management functions.
Professional Tax Documentation
The platform generates professional-grade tax documentation, including IRS Forms 1040 and 8949, with support for various cost basis calculation methods. This ensures accurate reporting of cryptocurrency capital gains and losses while maintaining compliance with current tax regulations.
Real-Time Portfolio Analytics
Users benefit from comprehensive portfolio tracking capabilities that provide instant updates on holdings, performance metrics, and transaction history. The platform offers detailed analytics and reporting features to help investors make informed decisions about their cryptocurrency investments.
Enterprise-Grade Features for Tax Professionals
Recap includes specialized tools and features designed for accountants and tax professionals, enabling them to manage multiple client portfolios and tax reports efficiently. This makes it an effective solution for both individual investors and professional tax practitioners working with cryptocurrency investments.
