Recap has a comprehensive integration with Ledge Live that makes it easy to manage your crypto tax calculations. Upload your Ledger Live 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 Ledger Live. 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 is Ledger Live?
Ledger Live is the official companion software for Ledger hardware wallets like the Nano S and Nano X. It provides a user-friendly interface for managing your cryptocurrencies securely, allowing you to view your balance, send and receive funds, stake assets, and even buy or swap cryptocurrencies directly within the app. With support for over 1,800 coins, Ledger Live ensures your private keys are protected within the hardware wallet while offering features like NFT management and integration with DeFi protocols, making it a comprehensive tool for both new and seasoned crypto users.
How to simplify your Ledger Live crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Upload your Ledger Live data to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability based on HMRC, IRS, or SARS tax rules.
How are Ledger Live Transactions Taxed?
Tax implications on your Ledger Live transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Ledger Live:
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Deposits | |||
| Withdrawals | |||
| Buying crypto with fiat | |||
| Crypto to crypto | |||
| Selling crypto to fiat | |||
| Staking rewards |
Refer to our tax guides for a more detailed look at crypto tax rules.
How to File Ledger Live Taxes: A Step-by-Step Guide
Recap makes filing your crypto taxes super simple!
- Import your Ledger Live CSV into Recap
- Review your transactions, ensuring all transactions are recorded and accurate
- Download your automatically generated capital gains and income tax reports ready to file, or send an invite to your accountant, who is completing your tax return on your behalf.