Step 1 — Go to the Taxes section
→ From your Netrunner Dashboard, locate the Taxes tab.
→ Select your Fiscal Year.
→ Use the dropdown to choose the fiscal year for which you want to generate reports.
→ Netrunner will pull all reconciled transactions within that time period.
Step 2 — Choose Your Report Type
→ Click Download Tax Report.
→ You will see several report options depending on your needs:
→ Report Summary (PDF): A PDF including income, expenses, wallets added, and capital gains for the year.
→ Capital Gains (CSV): A CSV of your capital gains/losses.
→ Income (CSV): A CSV of your income transactions.
→ Expenses (CSV): A CSV of your expense transactions.
→ Transactions Report (CSV): A CSV of your transactions for the year.
→ TurboTax 1099-B (CSV): A CSV that you can upload directly into TurboTax.
Step 4 — Generate the Report
→ Click Generate Report.
→ Netrunner will compile your transactions, apply your selected cost basis method, and prepare the report.
Step 5 — Download the Report
→ Once generated, click Download.
→ The file will be available in the format you selected (PDF or CSV).
Step 6 — Use Your Report for Filing
→ Share the report with your accountant, or import into your tax filing software (e.g., TurboTax).
→ Keep a copy for your records.
Best Practices for Accurate Reports
→ Reconcile before generating: Always ensure 100% of your transactions are reconciled in the Reconcile Transactions tab. Missing or misclassified entries can lead to inaccurate tax data.
→ Generate multiple report formats: Download both the Summary PDF (for easy review) and the Transactions CSV (for detailed backup).
→ Keep annual copies: Store a copy of each fiscal year’s reports for compliance and future audits.
→ Verify cost basis selection: Double-check your Cost Method in Settings (see HT202) before generating reports.
→ Check currency conversions: If your country requires reporting in a local currency (e.g., GBP, CAD, AUD), confirm that reports reflect the correct conversion.
✅ By following these steps and best practices, you can ensure your Netrunner tax reports are complete, accurate, and compliant.
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.