Connect your Solana wallet to Recap and automatically import your trades, swaps, staking rewards, NFTs and DeFi activity. Recap classifies and values every transaction, then calculates your gains and income using the cost-basis rules for your jurisdiction.
Disclaimer: The information provided in this content does not endorse Solana. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional.
What is Solana?
Solana is a high-performance blockchain known for fast transaction speeds and low fees. It supports a thriving ecosystem of DeFi protocols, NFT marketplaces and decentralised applications. Investors use Solana wallets like Phantom and Solflare to hold SOL, trade tokens, stake, and interact with dApps.
How to automate your Solana crypto taxes with Recap
Add your Solana wallet address to Recap. We automatically import your full transaction history — including swaps, staking, NFT trades and DeFi interactions — classify each transaction, apply fair-market valuations, and calculate your tax liability using the cost-basis rules for your jurisdiction.
How are Solana transactions taxed?
Tax treatment depends on the transaction type and your jurisdiction. Disposals — selling, swapping or spending crypto — are typically subject to capital gains tax. Staking rewards, airdrops and DeFi yields are usually taxed as income when received. Recap classifies each Solana transaction type and applies the specific rules for your jurisdiction in your final report.
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Deposits | |||
| Withdrawals | |||
| Buying SOL with fiat | |||
| Token swaps | |||
| Selling SOL for fiat | |||
| Staking rewards | |||
| Airdrops | |||
| NFT purchases | |||
| NFT sales | |||
| DeFi yields / liquidity rewards | |||
| Providing liquidity | |||
| Removing liquidity |
Refer to our tax guides for a more detailed look at crypto tax rules.
Tax information is general guidance and may not reflect your circumstances. If you're unsure, speak to a qualified tax adviser.

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