Question 1

What is Recap?

Accepted Answer

**Recap: Effortless Crypto Tax Software for US Investors**  
Tired of crypto tax headaches? **Recap** is here to simplify your crypto tax journey. Designed with privacy and accuracy in mind, Recap helps you calculate your crypto taxes effortlessly, ensuring IRS compliance. Whether you're trading on Coinbase, Binance, or Kraken, Recap automates your tax reporting and portfolio tracking.

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Question 2

What are the features of Recap?

Accepted Answer

* **Crypto Portfolio Tracker**: Track all your crypto assets in one place. Monitor your portfolio's value in real-time and analyze performance to make smarter investment decisions.  
* **Automated Tax Calculation**: Import your transaction history, and Recap instantly calculates your capital gains and income taxes. Compatible with IRS FORM 1040 and FORM 8949.  
* **IRS-Compliant Reports**: Generate accurate and compliant tax reports with just a few clicks. Share securely with your accountant or file directly.  
* **Privacy-Focused**: Your data is encrypted and secure. Recap is built with privacy in mind, so you can trust your information is safe.  
* **Exchange and Wallet Integrations**: Connect seamlessly with major exchanges like Coinbase, Binance, and Kraken, as well as Ethereum, Binance Smart Chain, and Polygon wallets.

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Question 3

What are the use cases of Recap?

Accepted Answer

* **Crypto Investors**: Track your portfolio and calculate taxes effortlessly.  
* **Traders**: Simplify tax reporting for your crypto trades.  
* **DeFi Users**: Easily report income from DeFi rewards and staking.  
* **NFT Collectors**: Calculate taxes on NFT purchases and sales.

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Question 4

How to use Recap?

Accepted Answer

1. **Import Your Data**: Connect your crypto exchanges and wallets via API, on-chain support, or CSV upload.  
2. **Review Transactions**: Recap automatically calculates your capital gains and income taxes.  
3. **Generate Reports**: Preview and download IRS-compliant tax reports, including FORM 1040 and FORM 8949.  
4. **Share with Your Accountant**: Securely share your reports or delegate filing directly through Recap.

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Question 5

What exchanges does Recap support?

Accepted Answer

Recap supports Coinbase, Binance, Kraken, and more. You can also import transactions via CSV or connect Ethereum, Binance Smart Chain, and Polygon wallets.

Question 6

Is my data secure?

Accepted Answer

Yes, Recap uses encryption and privacy-focused practices to protect your data.

Question 7

Do I need to pay to use Recap?

Accepted Answer

You can get started for free. Premium features are available at an additional cost.

Question 8

Can I use Recap for DeFi and NFT taxes?

Accepted Answer

Absolutely! Recap supports DeFi rewards, staking, and NFT transactions for tax reporting.

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