Cryptocurrency Tax Guide for US Individuals

An Introduction to Cryptoassets & Recap

Introduction

The Internal Revenue Service (IRS) first started offering guidance on Cryptocurrency in 2014 and updated and added to this guidance in 2019. Recap has produced this comprehensive Cryptocurrency Tax Guide to set out all of the relevant information regarding cryptocurrency taxation for US individuals.

Recap is a cryptocurrency tax solution. Our software takes a privacy-first approach and allows you to calculate your crypto tax in minutes without compromising financial privacy.

IRS terminology

The information in this guide has been sourced from the IRS and we will refer to their guidance notes and some of their terminology throughout.

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