A missing acquisition status indicates that you’ve made a disposal, but Recap cannot establish a cost basis for some or all of the assets sold using the matching rules required to calculate the accurate capital gain or loss for your tax report.

When this happens, Recap defaults the acquisition cost to zero, which means your capital gain will be calculated as the highest possible amount—ensuring you don’t underpay on tax. However, this can inflate your total gain for the tax year, so it’s worth taking the time to fill in any missing acquisition details to ensure accuracy.

Missing acquisitions are often the result of missing or inaccurate data. To avoid this, ensure that you import all of your historical transactions into Recap, including every exchange or wallet you've used. Do you have data from old exchanges or wallets that you no longer use? Even if they weren’t active during the tax year you're reporting, they may contain data connected to future transactions.

For example, if you purchased crypto on Kraken, transferred it to Coinbase, and then disposed of it, the acquisition cost would be recorded in Kraken. To accurately calculate the gain or loss on the disposal, you would need to connect both accounts to Recap.

It's always advisable to keep your own records and download transaction data regularly, as exchanges are not obligated to store your data long term.

If acquisition data is not recoverable because you no longer have access to an account, try to identify the cost as accurately as possible. You could email the platform to request the data or check old bank statements for any purchase information.