Step 1 — Open Settings
→ From the Dashboard, go to the right-hand panel.
→ Click Settings to expand the menu.
Step 2 — Locate Cost Method Dropdown
→ Under the Tax Settings section, find the Cost Method menu.
→ Options vary depending on your country of tax residence.
Step 3 — 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.
Step 4 — 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.
Step 5 — 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.