Recap has a comprehensive integration with FTX US that makes it easy to manage your crypto tax calculations. Upload your FTX US transactions to Recap to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.
*Disclaimer: The information provided in this content does not endorse FTX US. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional. Additionally, you may utilise our accountant and professional advisor sharing features.
What was FTX US?
FTX US was a US based cryptocurrency exchange founded in 2020 offering spot and leveraged trading products. It fell into bankruptcy in November 2022.
Here's a breakdown of what FTX US offered:
- Cryptocurrency Trading: Facilitated the trading of various cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, with a user-friendly interface.
- Derivatives Trading: Provided options for trading cryptocurrency futures and other derivatives.
- Staking Services: Enabled users to stake certain cryptocurrencies to earn rewards.
How to simplify your FTX US crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Add your FTX US account transactions to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
Auto Sync with FTX US How are FTX US Transactions Taxed?
Tax implications on your FTX US transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on FTX US:
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Deposits | |||
| Withdrawals | |||
| Buying crypto with fiat | |||
| Crypto to crypto | |||
| Selling crypto for fiat | |||
| Earning staking rewards |
Refer to our tax guides for a more detailed look at crypto tax rules.
