--- title: "Nexo" description: "The easiest way to calculate your Nexo crypto taxes with Recap. Import your account statements in seconds." --- # Nexo Crypto Tax Calculator The easiest way to calculate your Nexo crypto taxes with Recap. Import your account statements in seconds. Recap has a comprehensive integration with [Nexo](https://nexo.com/) that makes it easy to manage your **crypto tax calculations**. Upload your Nexo statement to Recap to import your full history and **automate your taxes**. From 2026, tax authorities are widening the automatic reporting of crypto under frameworks such as the OECD's Cryptoasset Reporting Framework (CARF), so keeping an accurate record matters more than ever. > **Disclaimer** > > The information provided in this content does not endorse Nexo. Furthermore, it does not constitute tax advice. If anything financial or tax-related is unclear, speak to a qualified tax professional. You can also share your Recap account with your accountant or tax adviser directly. ## Why Nexo tax can be difficult to calculate manually Nexo is built around earning interest on your crypto and borrowing against it, and that lending-and-earning model is exactly what makes its tax position add up quietly over time. A few things tend to trip people up: - **Interest lands as income.** Interest paid on your balances is generally treated as income at the value you receive it, and those coins enter your cost basis at that same value, so only later growth is a gain. It can accrue in small amounts very frequently across several assets, which is easy to overlook. - **In-app exchanges are disposals.** Swapping one asset for another inside Nexo is a disposal that crystallises a gain or loss, even though it feels like moving funds between pots. - **Borrowing adds moving parts.** Taking a loan against your crypto is not itself a disposal, but repayments, collateral and any liquidations all need recording accurately so your cost history stays right. - **A steady drip over a long history.** Frequent interest payments across many tokens build a long record, and every disposal is measured against a cost-basis pool built from the whole thing. ## How to import your Nexo data into Recap Nexo imports into Recap by file upload. Export your transaction statement from Nexo and upload it to Recap, and we bring in your full history automatically, including interest, in-app exchanges, deposits and withdrawals. Recap classifies and values each entry with our fair-market valuation engine and applies the tax rules for your jurisdiction, separating what is income from what is a capital gain. ## How are Nexo transactions taxed? Tax treatment depends on the transaction type and where you are tax resident. Here is how the main Nexo activities are generally treated: This table shows Recap's default classification for common Nexo transactions. It is not an exhaustive schedule or a ruling. Treatment depends on your circumstances and jurisdiction, and you can recategorise any transaction where yours differ. Confirm your position with a qualified tax adviser. Interest paid on your Nexo balances is generally treated as income at the value you receive it, with any later disposal of those coins also potentially creating a capital gain. In-app exchanges between assets are disposals for capital gains purposes, and transfers between your own accounts are not disposals. Refer to our [tax guides](https://recap.io/guides/crypto-tax-uk-a-comprehensive-guide) for a more detailed look at crypto tax rules. ## What's in your Nexo tax report Recap turns your full Nexo history into a single tax report: capital gains, losses and income worked out under the rules for your jurisdiction, interest valued on the day it arrived, in-app exchanges treated as disposals, and a clear year-by-year summary you can file yourself or hand straight to your accountant. ## Common Nexo tax challenges and how Recap solves them Nexo accounts produce a few recurring tax problems. Here is how Recap handles each one: - **Interest as income.** Interest lands as many small income events across tokens. Recap values each one at the point you receive it, so none are missed. - **In-app exchanges.** Every asset-for-asset swap is a disposal. Recap calculates the gain or loss on each one automatically, so nothing is treated as a simple transfer by mistake. - **Borrowing and collateral.** Loans, repayments and collateral movements are easy to muddle. Recap records them so your cost history stays accurate. - **A long, drip-fed history.** Frequent interest across many assets is slow to reconstruct. Recap imports the whole record and pools every disposal correctly. ## Why Nexo users choose Recap Nexo users often choose Recap because an earn-and-borrow account quietly builds up more tax to track than it looks: interest as income, in-app exchanges as disposals, and borrowing on top. Rather than piecing all of that together by hand, you can upload your statement and see your gains, losses and income reconciled in one report, ready to file or share with your accountant. Whether Nexo shares account data with HMRC is a separate question, and we answer it in [does Nexo report to HMRC](https://recap.io/blog/does-nexo-report-to-hmrc). ## FAQs ### Is Nexo taxable? In most jurisdictions, yes. Interest is typically taxed as income, while disposals such as selling or exchanging crypto are typically taxed as capital gains. The exact rules depend on where you are tax resident, and Recap classifies and values your transactions so you can see what applies. ### How is Nexo interest taxed? Interest is generally treated as income at its value on the day you receive it, with any later disposal of those coins also potentially creating a capital gain. The precise treatment depends on your jurisdiction, and Recap values each payment for you. ### Are in-app exchanges on Nexo taxable? Usually yes. Swapping one asset for another inside Nexo is a disposal of the first for capital gains purposes, even though no money leaves your account. Recap treats each one as a disposal so your gains and losses are captured. ### Do Nexo loans count as a taxable event? Borrowing against your crypto is generally not itself a disposal, but repayments, collateral movements and any liquidation can matter for tax. Recap records these so your cost history stays accurate. ### Can I import Nexo into Recap? Yes. You export your transaction statement from Nexo and upload it to Recap, which then imports your full history and classifies and values every transaction, including interest and in-app exchanges. --- Canonical HTML: https://recap.io/integrations/nexo Site map: https://recap.io/sitemap.xml ยท AI manifest: https://recap.io/llms.txt Any page listed above is available as Markdown by appending `.md`, or by sending `Accept: text/markdown`.