HT202 – How to Select Your Cost Basis Method
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.
Apply Changes
Once you’ve selected the method, Netrunner recalculates your entire transaction history accordingly.
This ensures your reports align with your country’s compliance rules.
Generate Reports with Selected Method
When you download your tax reports, Netrunner will apply your chosen cost basis method automatically.
You can re-run reports if you switch methods later.
Supported Countries and Cost Basis Methods
Country | Supported / Required Cost Basis Method(s) | Notes |
|---|---|---|
United States | FIFO, LIFO, HIFO, LCFO | Multiple methods permitted |
United Kingdom | HMRC (Share Pooling) | Mandatory method |
Canada | CRA (Adjusted Cost Basis, ACB) | Mandatory method |
Germany | FIFO | “10-year rule” applies to holdings |
Spain | FIFO | Mandatory |
Italy | LIFO | Generally applied |
Ireland | FIFO | Standard method |
India | FIFO | Generally accepted |
Japan | Average Cost Method | Mandatory |
South Africa | FIFO | Typically required |
Australia | FIFO, Average Cost Method | Both permitted |
New Zealand | FIFO | Standard method |
✅ You’ve now selected the cost basis method required or supported in your country.
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.
Updated on: 28/01/2026
Thank you!