Frequently Asked Questions
This article provides answers to frequently asked questions regarding Netrunner Solana Tax Tool.
Do I Need This?
- Do I need to report my crypto taxes to the IRS?
Yes. The IRS treats cryptocurrency as property, meaning all crypto transactions are subject to tax reporting
requirements. You must report all sales, trades, and income-generating activities. The IRS digital asset question
on Form 1040 requires you to disclose if you received, sold, or disposed of crypto—even if you didn't profit.
Failure to report can result in penalties.
- Do I need to report crypto losses on my taxes?
Yes—and you should. Crypto capital losses can offset capital gains and up to $3,000 of ordinary income per year.
Unused losses carry forward indefinitely. Reporting your crypto losses now using Form 8949 and Schedule D can
reduce your tax liability in future years.
- Are crypto-to-crypto trades taxable?
Yes. Any crypto-to-crypto trade is a taxable event. Swapping SOL for USDC, buying a memecoin with SOL, or trading
tokens on a Solana DEX all trigger capital gains tax. Each trade must be reported with its gain or loss calculated
based on your cost basis.
What Does Netrunner Do?
- What is Netrunner and how does it work?
Netrunner is a Solana tax calculator and crypto tax software designed specifically for Solana users. It indexes
your wallet transactions, auto-labels them by type (trades, staking rewards, airdrops, DeFi activity), calculates
your crypto capital gains and losses, and generates tax-ready reports including IRS Form 8949 and Schedule D.
- Does Netrunner file my crypto taxes for me?
No. Netrunner is crypto tax reporting software—it generates the tax forms and reports you need, but you file them
yourself. You can file directly with the IRS, use a crypto-savvy accountant, or import your reports into tax
software like TurboTax or H&R Block.
- What crypto tax forms and reports does Netrunner generate?
Netrunner generates all the crypto tax forms you need: IRS Form 8949 (capital gains and losses), Schedule D, and
Schedule 1 for US users. We also support pre-filled government forms for the UK, Canada, and Australia. Additional
reports include capital gains CSV, income/expense reports, transaction history, and perps reports.
Trust & Accuracy
- How accurate is Netrunner's crypto tax calculator?
Netrunner's Solana tax calculations have been validated by MyBookly, a crypto-specialized accounting firm. We
support cost basis methods including FIFO, LIFO, and HIFO. Our protocol coverage includes Jupiter, Raydium, Drift,
Kamino, Meteora, and 20+ other Solana programs—so the vast majority of your DeFi, staking, and trading activity is
auto-labeled correctly.
- What happens if Netrunner can't identify a transaction?
Some Solana transactions may be labeled "Unknown" if they're from newer or unsupported protocols. You can manually
label these in our interface. We continuously add protocol support to reduce unknown transactions—our goal is to
auto-label as much of your Solana activity as possible.
- Why use crypto tax software instead of calculating taxes manually?
Manually tracking cost basis across hundreds of Solana transactions—including DeFi swaps, perps trades, LP
positions, staking rewards, and airdrops—is error-prone and time-consuming. Crypto tax software like Netrunner
automates cost basis tracking, identifies all taxable events, and ensures you don't miss reportable transactions or
overpay on taxes.
Pricing & Value
- How much does Solana tax software cost?
Netrunner offers a free tier for limited transactions, Lite and Pro plans for up to 100K transactions, and a Whale
tier for high-volume traders. You can connect your wallets and preview your crypto tax liability before paying—you
only upgrade when you're ready to download full tax reports.
- Can I try Netrunner's crypto tax calculator for free?
Yes. Connect your Solana wallets for free and see your calculated capital gains, losses, and income. Our free
crypto tax calculator lets you verify accuracy before committing to a paid plan. You only pay when you're ready to
generate and download your complete tax reports.
Solana-Specific
- Why is Netrunner the best crypto tax software for Solana?
General-purpose crypto tax software often struggles with Solana's unique transaction structures and high-speed DeFi
activity. Netrunner is built exclusively for Solana tax reporting—we support protocols like Jupiter Perps, Pump,
Meteora DAMM, Kamino, Drift, and Raydium that other crypto tax calculators miss or mislabel.
- Does Netrunner support Solana DeFi, NFTs, staking, and perps taxes?
Yes. Netrunner handles all Solana taxable events: DEX trades on Jupiter and Raydium, NFT sales on Magic Eden and
Tensor, staking rewards, airdrops, lending/borrowing on Kamino and Drift, liquidity pool activity on Meteora, and
perpetuals trading on Jupiter Perps and Drift. We calculate both capital gains and income taxes.
Privacy & Security
- Is my crypto data safe with Netrunner?
Yes. Netrunner uses read-only wallet connections—we never have access to move your funds. Your transaction data is
encrypted and used solely for crypto tax calculation. We don't sell your data or share it with third parties.
- Do I need to connect my Solana wallet to use Netrunner?
No wallet connection required. You can add wallets by simply pasting your public Solana address. Netrunner indexes
your on-chain transaction history using only your public address—we never request private keys or signing
permissions.
Updated on: 03/02/2026
Thank you!