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HT203 – How to Classify Transactions

Classifying your transactions ensures Netrunner correctly identifies your activity for tax reporting. While many transactions are automatically labeled, some may require manual classification.

Updated over a week ago

Step 1 — Open Reconcile Transactions

→ From your Netrunner Dashboard, click Reconcile Transactions.

→ This will take you to your transaction list.


Step 2 — Select a Transaction

→ Review the transaction list.

→ Identify any entries marked as “Unlabeled” or flagged for review.

→ Click on the transaction to open it via Solscan or copy the transaction hash ID.


Step 3 — Choose the Correct Classification

→ Use the Classification dropdown to assign the correct label.

→ Classifications in Netrunner include:

 → Perpetuals//Futures

 → Trading

 → Staking

 → Lending

→ Liquidity Pools
→ Transfer

→ Fees Losses

→ Income

→ Other


Step 4 — Add Additional Details (Optional)

→ Some classifications allow extra notes or tags.

→ Example: labeling staking income by validator, or noting that a payment was business-related.

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Step 5 — Save Your Changes

→ Click Save to apply the classification.

→ The transaction will update to “Reconciled.”

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Step 6 — Bulk Classify Transactions

→ For multiple similar transactions (e.g., repeated staking rewards), use the bulk classification tool.

→ Select several entries and apply the same classification at once.

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Common Misclassification Fixes

Airdrops showing as Trades

 Fix: Reclassify from Trade / Swap to Income.

Transfers between your own wallets showing as Sales

 Fix: Reclassify from Trade / Expense to Transfer.

NFT Mints showing as Purchases

Fix: Reclassify from Trade to Expense.

Gas Fees showing as Trades

 Fix: Reclassify from Trade to Expense.

Staking Rewards showing as Transfers

 Fix: Reclassify from Transfer to Income.


✅ Once all transactions are correctly classified and misclassifications resolved, your reports will reflect accurate income, expenses, gains, and transfers.

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