Guides
Guides and FAQs covering tax rules, troubleshooting, DeFi, and how to get the most out of Recap.
By Daniel and 2 others3 authors38 articles
UK Tax Rules
UK crypto tax rules — capital gains, income tax, loss relief, bed and breakfasting, and more.
What is the bed and breakfasting rule for cryptocurrency taxation?How are cryptocurrencies taxed in the UK? How does pooling work? How does bed and breakfasting work for Bitcoin?
Is the cost of a crypto tax calculator an incidental cost for capital gains tax?Can you deduct the cost of Recap from taxable gains? Is the cost of working out gains on cryptocurrency investments tax deductible?
Can I claim loss relief from HMRC if my cryptocurrency has lost all value?Can I claim losses for dead cryptocurrency projects? Can I claim tax back on cryptocurrency losses?
Can I claim loss relief from HMRC if my cryptocurrency has been lost?Can I claim tax losses against cryptocurrency that has been lost? Is losing cryptocurrency a taxable event?
Can I claim loss relief from HMRC if my cryptocurrency has been stolen?What to do if cryptocurrency is stolen? Can stolen cryptocurrencies be written off for tax purposes?
When do you pay income tax on cryptocurrency trading gains?Who is classified as a cryptocurrency trader by HMRC? How are cryptocurrency CFDs taxed? Do you pay income tax or capital gains on bitcoin?
What taxes do cryptocurrency miners pay in the UK?How are cryptocurrency miners taxed by HMRC? Do you pay capital gains tax or income tax on mining proceeds?
What taxes do I pay if I am paid in cryptocurrency in the UK?What taxes are paid on cryptocurrencies earned as salary? How much income tax is paid on cryptocurrency earnings?
How do I report cryptocurrency capital losses to HMRC?How do I report cryptocurrency losses to HMRC? How can I claim capital losses with HMRC? How can I offset cryptocurrency capital gains?
Spouse & Family Transfers
How to handle crypto transfers between spouses for tax purposes.
Can I gift cryptocurrency to my spouse to avoid capital gains tax in the UK?How can I offset capital gains tax? Can you gift cryptocurrency to your husband or wife to divide capital gains?
How to account for spouse transfers in RecapCrypto transfers with your spouse
Troubleshooting & Data Fixes
Fix common issues with balances, missing acquisitions, unidentified assets, and pricing.
My Binance account is wrong - what do I do?How to correct your Binance balance.
Why have I got an unidentified asset?Issues with unrecognised tokens and how to correctly identify a coin
How to fix a missing acquisition error?What to do if I have missing acquisitions in Recap
My balances are incorrect - what should I do?Find out why your balance may be wrong and how to correct it.
Why is the price of my asset different on Recap?Why is a coin a different price on your exchange and Recap?
What are zero-cost errors?Why zero-cost errors occur and how to fix them by checking your CSV data.
Understanding Pool and Portfolio BalancesLearn the difference between pool and portfolio balances in Recap
Resolving Pool vs Portfolio Balance DifferencesHow to resolve differences between your Pool and Portfolio balances
How to reclassify a transactionChanging a transaction type to affect the taxable impact
Deposit and withdrawal conversionsDeposits and withdrawals can track implicit conversions if a sent amount or received amount is specified
How-To Guides
Step-by-step instructions for common tasks in Recap.
How to delete an account?How to delete an account within Recap
How can I change my valuation currency?Details on how to change your valuation currency
Can I change my tax settings?How to change your tax approach and guidance on doing this
Why do you need my API keys?How do I know my account data is secure?
Importing data into TurboTaxHow to import Recap capital gains/losses into TurboTax for filling your taxes
Updating API Credentials for an Exchange API AccountHow to update your API credentials for an Exchange API account
Adding Manual TransactionsHow to add a manual transaction to Recap
How to import Metamask dataA guide to adding your Metamask data and interpreting Etherscan data
DeFi, NFTs & Ethereum
How Recap handles Ethereum wallets, DeFi transactions, NFTs, and token migrations.
How Ethereum transactions work in RecapUnderstanding your Ethereum wallet transactions in Recap
How is NFT activity categorised?How Recap categorises NFTs
Accounting for Redenominations and Contract Migrations (or Upgrades) in RecapAccounting for Redenominations and Contract Migration using a Pool Transfer transaction
General & Product
General questions about Recap — accuracy, refunds, mobile app, and more.
How accurate is the Recap tax report?Why does the Recap tax report come with a disclaimer? Why should I seek the advice of an accountant?
Does Recap have a mobile app?When will I be able to use Recap on the go?
Why don't you support ABC coin?What to do if Recap doesn't support your crypto asset — custom accounts, wallet imports, and requesting new assets.
What can be done if I forget my secret phrase?Details on the importance of keeping your secret phrase safe
Celsius Bankruptcy
How to use Recap's Celsius bankruptcy tool to account for your Celsius losses.
How to enable the Celsius bankruptcy toolInstructions on how to enable the Celsius bankruptcy tool
Configuring your Celsius bankruptcy rulesInstructions on how to configure your Celsius bankruptcy rules
