How to do your Solana taxes

Have you invested in Solana and made transactions from your wallet? If yes, you may need to calculate and report taxes for all your Solana transactions. Coinpanda can help you with calculating crypto tax for Solana by following these steps:

Create a free account and add your Solana addresses to Coinpanda safely and securely
Next, Coinpanda will import all your transactions from Solana
Wait for Coinpanda to calculate capital gains for your Solana transactions automatically
Download your Solana tax report
File your Solana taxes before the deadline

Supported transactions

To calculate your taxes accurately, you must import all transactions from Solana to Coinpanda. Coinpanda supports the following transactions from Solana today:

Tx Type	API import
Deposits and withdrawals
On-chain swaps
Limit orders*
Tokens and NFTs
NFT listings and delistings
LP tokens and add/remove liquidity
Staking and yield farming
Fees and contract approvals
Token account owner transfers
Perpetuals and futures**

* Only filled and canceled orders (open orders are not supported)
** Transactions must be tagged manually for now

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How to connect Solana with API

We are only requesting view permissions. This does not give us access to your private keys or the ability to move your funds.

Coinpanda will automatically sync all transactions from a Solana public address you add. You will most likely find your public address after logging in to your Solana wallet. Next, copy and paste the address into Coinpanda, and all transactions will be imported automatically!

Not sure how to find the public address of your wallet? We have written instruction articles for the most popular cryptocurrency wallets used today on our integration pages.

Remember that you must add all your wallet addresses to Coinpanda for your tax calculations to be accurate. This also includes wallet addresses you are not actively using anymore.

February 4th, 2025
Our third iteration of the Solana API integration has (finally!) been released today after several months of improvements. The latest integration’s most significant updates are Jupiter limit orders and complete DeFi support for token swaps, LP tokens, and liquidity operations across the 22 most used protocols.

In addition, the new integration now accurately handles NFTs and all NFT-related activities on different marketplaces.

This update is a big step towards becoming the Solana ecosystem’s most complete and accurate portfolio tracker and tax software. If you encounter any bugs or issues or have suggestions for how we can improve the integration, please create a post in our forums.

How to connect Solana with CSV

Follow these steps to export your transactions from Solana:

You can also add transactions by uploading the Coinpanda generic file. We support both XLSX and CSV formats. Please follow the steps described in this guide.

How are Solana transactions taxed?

The exact tax implications on Solana transactions depend on which country you live in and the type of transactions you have made. However, in most countries, you must generally pay capital gains tax on all Solana transactions except transfers between your own wallets.

To learn more about how Solana transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How do I file my Solana taxes?

First, you must calculate capital gains from all taxable Solana transactions. When this information is ready, you have everything you need to report capital gains in your annual tax return. However, the actual procedure for reporting crypto tax in the tax return might vary from country to country.

To calculate your capital gains, you must first export a complete history of all transactions made on the Solana blockchain. Once you have this data, you can calculate your capital gains or losses by determining the price at which you bought the cryptocurrency (your cost basis) and the price at which you sold it (your proceeds). Luckily, Coinpanda can help you with this and generate ready-to-file tax forms quickly and easily.

After downloading your Solana tax statements from Coinpanda, the last step is to report the capital gains on your tax return before the deadline. Most countries allow you to self-declare taxes online in 2023, but you can also get help from a professional tax accountant to file taxes for you.

Calculate your Solana taxes

How do I troubleshoot the imported Solana transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from Solana to Coinpanda, it can happen that either not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:

Changes in the Solana API
Updated CSV file format
The Solana API does not provide a complete record of all transactions

To get the best help from Coinpanda support, you must first identify which transactions are missing or incorrectly imported. To do this, we recommend comparing your transaction history on any Solana block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known blockchain API limitations.

The quickest way to get help from our dedicated support team is to send a message in the Live Chat.

Start Live Chat!

Other options for contacting support:

Forum

Find answers in our community forum

Create a support ticket by email

Twitter / X

Ask or send us a message on Twitter

Discord

Chat with our support team on Discord

Frequently asked questions

How do I get Solana tax documents?

The easiest way to get tax documents and reports is to connect your Solana account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Solana.

Do I have to pay taxes for Solana?

Yes, all transactions on Solana involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest rewards.

Is sending Solana taxable?

No, sending Solana is not taxed as long as you transfer between your personal wallets or exchange accounts.

How do I avoid paying taxes for Solana?

It is impossible to avoid paying taxes completely for Solana legally if you live in a country that taxes cryptocurrency. However, there are several ways you can reduce your taxes, such as tax loss harvesting.

How to Report Your Solana Taxes

How to do your Solana taxes

Supported transactions

How to connect Solana with API

How to connect Solana with CSV

How are Solana transactions taxed?

How do I file my Solana taxes?

Calculate your Solana taxes

How do I troubleshoot the imported Solana transactions to Coinpanda?

Frequently asked questions

How do I get Solana tax documents?

Do I have to pay taxes for Solana?

Is sending Solana taxable?

How do I avoid paying taxes for Solana?

Calculate your Solana taxes

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