Question 1

R103 – Recordkeeping Requirements by Country

Accepted Answer

| Country | Minimum Retention Period | Notes | | --- | --- | --- | | United States (IRS) | 3 years (sometimes up to 7 years) | 3 years normally; 6 years if underreporting >25%; 7 years if filing a claim for a loss | | United Kingdom (HMRC) | 5 years | Measured from the 31 January submission deadline | | Canada (CRA) | 6 years | Retain after the end of the last tax year the records relate to | | Germany | 10 years | Applies to accounting and financial records | | Spain | 4 years | Standard for individual taxpayers | | Italy | 5 years | From the date the tax return is filed | | Ireland | 6 years | Applies to self-assessment taxpayers | | India | 6 years | After the end of the relevant assessment year | | Japan | 7 years | Required for income tax purposes | | South Africa | 5 years | After filing a tax return | | Australia (ATO) | 5 years | From when you lodge your return | | New Zealand | 7 years | Applies to business and individual taxpayers |

✅ Always retain both digital and physical backups of your Netrunner reports for compliance.

Question 2

HT105 - Burn Netrunner NFTs For Discount Program

Accepted Answer

In this article we will explain how to get a discount for the Netrunner V2 platform if you own an original Netrunner NFT. Netrunner V2 offers multiple upgrades over V1 for smooth and easy Solana taxes reporting. File crypto taxes on Solana using Netrunner in 13 jurisdictions.

Discount details

1 NFT burned = 3% discount
Max: 10 NFTs = 30% discount

Process is simple

Send your NFT(s) to the official Netrunner burn intake wallet: J6wu13dKzy2PU7qQbmxkjauf8NtysUMfmVSdN36V95Mx
Submit required data via ticket (Name + Wallet Address from where you sent NFT(s) + number of NFT(s) sent + email) in our Discord

Example:  
Name: John  
Wallet: 4tEWwa8T6rQJ6NFv1Y7oh66nhQbBmXonTnpbZVwM16C1  
Number of NFT(s): 2  
Email: john@gmail.com

Receive your discount code via email after manual verification by the Netrunner customer support team.
NFTs are permanently burned by the Netrunner team using Sol-Incinerator.

Start using Netrunner today! Save More, Do Less!

Join Discord and start

Disclaimer: This content is for informational purposes only and is not financial, tax, or legal advice. Please verify with official sources and consult a professional before acting on any information. Netrunner is not liable for outcomes resulting from its use.

Question 3

HT201 – How to Reconcile Transactions

Accepted Answer

Access the Reconcile Transactions Tab

From your Netrunner Dashboard, click Reconcile Transactions.

This opens the transaction-level view where reconciliation happens.

Review Imported Transactions

Each transaction displays its:

Type (trade, swap, income, expense, transfer)
Date and timestamp
Asset and amount
Market value at the time of the transaction
Cost basis and calculated gain/loss
Programs
Status (labeled, flagged or edited)

Transactions that are flagged need reconciliation.

Reconcile Transactions Manually

Click on a transaction to open its details.

Add or adjust missing

Question 4

HT202 – How to Select Your Cost Basis Method

Accepted Answer

Open Settings

From the Dashboard, go to the right-hand panel.

Click Settings to expand the menu.

Locate Cost Method Dropdown

Under the Tax Settings section, find the Cost Method menu.

Options vary depending on your country of tax residence.

Select Your Method (By Country)

Use the menu to select the cost basis method required or allowed in your country.

If your country only supports one method, it will be applied automatically.

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Question 5

R107 – NFT Tax Treatment by Country

Accepted Answer

| Country | Classification | NFT Disposals | Royalties (Received) | Royalties (Paid) | Notes | | --- | --- | --- | --- | --- | --- | | United States (IRS) | Collectibles | May face 28% long-term capital gains rate | Taxable income when received | Deductible expense | Airdrops also taxed as ordinary income | | United Kingdom (HMRC) | Property (Cryptoassets) | Treated as capital disposals | Taxable income | Deductible expense | Applies to NFT trading and royalties | | Canada (CRA) | Commodities | Capital gains or losses on disposals | Taxable income | Deductible expense | CRA treats NFTs like other crypto commodities | | Germany | Property | Capital gains taxable unless held >1 year | Taxable income | Deductible expense | 1-year exemption may apply | | Spain | Property | Capital gains taxable | Taxable income | Deductible expense | | | Italy | Property | Capital gains taxable | Taxable income | Deductible expense | | | Ireland | Property | Capital gains taxable | Taxable income | Deductible expense | | | India | Virtual Digital Assets (VDA) | 30% flat tax; no offsetting | Taxable income at 30% | Deductible expense | Harshest NFT regime | | Japan | Property | Capital gains or income depending on use | Taxable income | Deductible expense | Airdrops taxable as income | | South Africa | Property | Capital gains taxable | Taxable income | Deductible expense | | | Australia (ATO) | Property | Capital gains taxable | Taxable income | Deductible expense | Applies to NFT sales and r

Question 6

R108 – Derivatives Tax Treatment by Country

Accepted Answer

| Country | Margin Trading | Futures / Perps | Options | Leverage Tokens | Notes | | --- | --- | --- | --- | --- | --- | | United States (IRS) | Gains/losses taxable; margin interest deductible as investment expense | Section 1256 contracts (regulated futures/options) get 60/40 split; crypto futures often treated as standard capital gains | Premiums paid = cost basis; expired options = capital loss | Treated as spot asset disposals | IRS has not issued explicit crypto derivatives guidance; applying general rules | | United Kingdom (HMRC) | Treated as capital disposals; margin interest may be deductible | Futures and options usually capital gains; some cases may fall under income tax | Options: gains/losses taxable on disposal or expiry | Treated as tokens; disposals taxable | HMRC considers contracts case-by-case | | Canada (CRA) | Gains/losses taxable as capital gains or business income depending on intent | Futures/options may be capital or income depending on activity | Options premiums included in adjusted cost | Leverage tokens treated as commodities | CRA guidance applies commodity principles | | Germany | Gains/losses taxable as capital income | Futures/options taxable; offsetting limited | Options taxable when exercised or expired | Treated as crypto assets | Derivatives rarely exempt under 1-year rule | | Spain | Gains/losses taxable as capital gains | Futures/options gains taxable | Options taxable on exercise/expiry | Tokens taxable on disposal | | | Italy | Taxab

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