Recap has a comprehensive integration with SwissBorg that makes it easy to manage your crypto tax calculations. Upload your Swissborg 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 SwissBorg. 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 SwissBorg?
SwissBorg is a Swiss-based cryptocurrency exchange founded in 2018 that allows the trading of various cryptocurrencies.
Here's a breakdown of what SwissBorg offers:
- Wealth App: Provides a user-friendly mobile application that allows users to buy, sell, and manage a variety of cryptocurrencies.
- Earn Program: Enables users to earn interest on their cryptocurrency holdings by participating in yield-generating activities.
- SwissBorg Token (CHSB): The native utility token of the SwissBorg ecosystem, offering benefits such as reduced fees, voting rights in the SwissBorg DAO, and enhanced earning opportunities.
- Educational Content: Offers a range of educational resources, including articles, videos, and market analysis, to help users make informed investment decisions.
- Community-Centric Approach: Engages with its user base through community events, voting on platform developments, and other participatory activities.
How to simplify your SwissBorg crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Upload your SwissBorg data to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
Sync SwissBorg CSV How are SwissBorg Transactions Taxed?
Tax implications on your SwissBorg transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on SwissBorg:
| 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.
