How to calculate your Wealth99 taxes

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Sam Adams
Samantha Adams
Head of Content

Recap has a comprehensive integration with Wealth99 that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Wealth99 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 Wealth99. 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 Wealth99?

Wealth99 is a financial platform that provides services for investing in a diverse range of digital assets, including cryptocurrencies, tokenized real-world assets, and other alternative investments.

Here's a breakdown of what Wealth99 offers:

  • Cryptocurrency Investments: Allows users to invest in popular cryptocurrencies such as Bitcoin, Ethereum, and other altcoins.
  • Tokenized Assets: Provides access to tokenized versions of real-world assets, enabling fractional ownership and easier access to traditionally illiquid investments.
  • Investment Diversification: Offers a range of investment options aimed at helping users diversify their portfolios with both digital and traditional assets.
  • Educational Resources: Provides educational materials and tools to help users understand digital asset investing and make informed decisions.

How to automate your Wealth99 crypto taxes with Recap

You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Wealth99 account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.

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How are Wealth99 Transactions Taxed?

Tax implications on your Wealth99 transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Wealth99:

Transaction typeCGTIncomeTracked 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.

Help Guides

Connecting your Wealth99 account
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Automate your Wealth99 tax reporting - takes 5 mins.

  • 1

    Sign up to Recap

  • 2

    Set up auto sync with our step by step guide

  • 3

    Generate your tax report ready to self-file or share with your accountant

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FAQs

Do I need to pay tax on my Wealth99 transactions?

Yes, you may need to pay tax on your Wealth99 transactions. Tax obligations vary depending on your country’s tax laws and the nature of your transactions. Common taxable events include selling cryptocurrency, trading between coins (crypto to crypto), and making purchases with crypto.

Do the tax authorities know about my Wealth99 transactions?

Tax authorities may become aware of your Wealth99 transactions through various means, such as data-sharing agreements between crypto exchanges and tax authorities or during tax audits. It's essential to report your crypto transactions to avoid penalties accurately. Using a crypto tax software like Recap can help ensure your transactions are properly recorded and reported.

What is the benefit of using a crypto tax calculator?

A crypto tax calculator automates the process of calculating taxes on your cryptocurrency transactions, providing accurate tax liability figures and ensuring compliance with tax regulations without manual calculations.