While you can model deposit and withdrawal conversions in Recap explicitly with trades in a Custom Account, we added a more convenient method of tracking this activity.

For deposits, if you originally sent a different currency that was converted between accounts you can specify a sent amount. For example, if you sent 1,000 GBP to Bitstamp and you received 1,200 EUR on exchange, you would enter 1,000 GBP as the sent amount on the Bitstamp deposit.

When a sent amount is specified, Recap will treat the deposit as an implicit conversion, allowing you to properly track taxable events where currencies were exchanged on deposit.

For withdrawals, if you ultimately received a different currency that was converted between accounts you can specify a received amount. For example, if you withdrew 1,000 EUR from Bitstamp and you received 800 GBP in your bank account, you would enter 800 GBP as the received amount on the Bitstamp withdrawal.

When a received amount is specified, Recap will treat the withdrawal as an implicit conversion, allowing you to properly track taxable events where currencies were exchanged on withdrawal.