Recap has a comprehensive integration with Gemini that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Gemini account to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.
*Disclaimer: 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.
What is Gemini?
Gemini helps individuals and institutions to buy, sell, and store bitcoin and other cryptocurrencies. Products include an exchange, an advanced trading platform, a USD-backed stable coin, staking, and an NFT marketplace.
Here's a breakdown of what Gemini offers:
- Cryptocurrency Trading: Facilitates trading of a wide variety of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, with multiple trading pairs.
- User-Friendly Interface: Provides an easy-to-navigate platform that caters to both novice and experienced traders.
- Mobile App: Offers a mobile application that allows users to trade and manage their digital assets on the go.
- Educational Resources: Provides educational content and tools to help users understand the cryptocurrency market and make informed trading decisions.
- Gemini Earn: Allows users to earn interest on their cryptocurrency holdings by lending them through the platform.
How to automate your Gemini crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Gemini account 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 Gemini How are Gemini Transactions Taxed?
Tax implications on your Gemini transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Gemini:
| 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.
