Recap has a comprehensive integration with Gemini that makes it easy to manage your crypto tax calculations. Connect your Gemini account to Recap to import your full history and automate your taxes. From 2026, tax authorities are widening the automatic reporting of crypto under frameworks such as the OECD's Cryptoasset Reporting Framework (CARF), so keeping an accurate record matters more than ever.
The legal bit: The information provided in this content does not endorse Gemini. 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.
Why Gemini tax can be difficult to calculate manually
Gemini covers simple buying, active trading through ActiveTrader, and staking, and that spread of activity is what makes its tax position harder to pin down than it looks. A few things tend to trip people up:
- Staking rewards land as income. Rewards from staking are generally treated as income, valued at the moment you receive each one, and they arrive as a steady drip that is easy to leave in the account and overlook.
- Crypto-to-crypto trades are disposals. Swapping one asset for another is a disposal even though no ordinary money changes hands, and it is easy to treat as a simple switch.
- Two ways to trade. Simple buys and sells sit alongside ActiveTrader order-book trades, so an account can build up far more disposals than a casual glance suggests.
- A long, multi-asset history. Buys, sells, trades and rewards can stretch back years across many assets, and every disposal is measured against a cost-basis pool built from the whole record.
How to import your Gemini data into Recap
Connect your Gemini account to Recap by API and we import your full history automatically, including simple buys and sells, ActiveTrader trades, staking rewards, deposits and withdrawals, however far back your account goes. Recap classifies and values every entry with our fair-market valuation engine and applies the tax rules for your jurisdiction, separating what is income from what is a capital gain.
Auto Sync with Gemini How are Gemini transactions taxed?
Tax treatment depends on the transaction type and where you are tax resident. Here is how the main Gemini activities are generally treated:
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Deposits | |||
| Withdrawals | |||
| Buying crypto with fiat | |||
| Crypto to crypto | |||
| Selling crypto for fiat | |||
| Staking rewards | |||
| Transferring between your own accounts |
Selling crypto for fiat and swapping one crypto asset for another are disposals for capital gains purposes, each measured against your cost-basis pool. Staking rewards are generally treated as income at the value you receive them, with any later disposal of those coins also potentially creating a capital gain. Transfers between your own accounts and wallets are not disposals.
Refer to our tax guides for a more detailed look at crypto tax rules.
What's in your Gemini tax report
Recap turns your full Gemini history into a single tax report: capital gains, losses and income worked out under the rules for your jurisdiction, simple and ActiveTrader trades pooled correctly, staking rewards valued on the day they arrived, and a clear year-by-year summary you can file yourself or hand straight to your accountant.
Common Gemini tax challenges and how Recap solves them
Gemini accounts produce a few recurring tax problems. Here is how Recap handles each one:
- Staking rewards as income. Rewards land as many small income events. Recap values each one at the point you receive it, so none are missed.
- Crypto-to-crypto trades. Coin-for-coin trades are disposals, not simple swaps. Recap calculates the gain or loss on each one automatically.
- Simple and ActiveTrader activity together. Two trading surfaces mean more disposals than expected. Recap imports both and reconciles them into one position.
- A long, multi-asset history. Years of activity across many assets are slow to reconstruct. Recap pools every disposal into a single cost-basis position.
Why Gemini users choose Recap
Gemini users often choose Recap because simple buys, ActiveTrader trades and staking rewards each need handling differently for tax, which is painful to reconcile by hand. Rather than piecing it together, you can connect by API and see your gains, losses and income reconciled in one report, ready to file or share with your accountant.
