Nexo Taxes: How to Generate Your Crypto Tax Report
Every trade, Nexo Earn interest payment, and disposal through your Nexo account creates a taxable event. CoinTracking imports your Nexo transaction history via CSV export, calculates gains, losses, and income across your full trading and lending history, and generates a tax report ready for your accountant or tax authority — no matter how many earn cycles or loan events you have.
How to Import Your Nexo Transactions into CoinTracking
Watch how to download your Nexo transaction CSV and import it into CoinTracking to generate your complete crypto tax report — including Nexo Earn interest.
Start Your Free Nexo Import- Every crypto trade, swap, Nexo Earn interest payment, and disposal through your Nexo account is a taxable event in most jurisdictions. Capital gains tax and income tax may both apply depending on the transaction type.
- CoinTracking imports Nexo transactions via CSV export (manual upload). Open the Transactions tab in your Nexo account, set your date range, select All Types and All Assets, and download the CSV to upload to CoinTracking.
- Transferring crypto between your own wallets or accounts is not a taxable event. Buying and holding crypto is not taxable until disposal.
- Tax compliance is your responsibility. Nexo is incorporated in the Cayman Islands and is not an EU-regulated CASP subject to DAC8. However, all trades, interest payments, and disposals on your Nexo account must be declared by you in your annual tax return. Failing to report crypto gains can result in penalties and back-tax assessments.
Nexo and Your Tax Obligations
Nexo is a crypto financial services platform offering crypto-backed loans, high-yield savings (Nexo Earn), and a spot trading exchange. It serves users globally and is headquartered in the Cayman Islands with offices across Europe.
All transactions on Nexo generate taxable events. Whether you trade on the spot market, earn daily interest through Nexo Earn, take out a crypto-backed loan, or transfer assets, each event must be considered for your tax return.
CoinTracking supports Nexo via CSV import:
- Nexo CSV: download your full transaction history from the Transactions tab and upload it directly to CoinTracking
- All spot trades, Nexo Earn interest, deposits, withdrawals, and loan repayments are supported
- Multiple CSV uploads (covering different date ranges) can be combined in CoinTracking
- Interest income is correctly classified separately from capital gains
Crypto Tax Basics: What Nexo Users Need to Know
Nexo serves traders and lenders across many jurisdictions. The core tax principles below apply broadly — but always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a taxable event
In most countries, selling, swapping, or otherwise disposing of cryptocurrency triggers capital gains tax. The gain or loss equals the difference between your proceeds and your cost basis (what you originally paid, including fees). For Nexo users who received crypto as Nexo Earn interest, the cost basis of those tokens is typically their fair market value at the time of receipt.
Interest income and Nexo Earn
Daily interest payments from Nexo Earn are generally treated as ordinary income in the year received, taxed at your applicable income tax rate. When you later sell or swap those earned tokens, capital gains tax applies based on the difference between proceeds and the cost basis established at the time you received the interest. CoinTracking classifies each Nexo Earn payment as income and tracks the resulting cost basis for future disposals.
Record-keeping requirements
Accurate record-keeping is essential for every trade and interest event. Each transaction must be documented with the date, asset, quantity, cost basis, proceeds, and applicable fees. Nexo provides a CSV export for this purpose — but the raw data must be converted into a structured tax report. CoinTracking maintains a complete, dated audit trail of every Nexo transaction you import and produces reports formatted for your jurisdiction.
Nexo Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively.
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €1,000/year are tax-free
- Nexo Earn interest: Taxed as miscellaneous income (sonstige Einkünfte) at personal income tax rate
- Cost basis: FIFO per wallet
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal.
- Nexo Earn interest: Taxed as capital income at 27.5% KESt.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
Switzerland
- Capital gains: Generally tax-free for private investors; professional traders are taxed as self-employed income
- Wealth tax: Crypto holdings subject to wealth tax at cantonal rates based on year-end market value
- Nexo Earn interest: May be treated as taxable income depending on canton; consult a local advisor
- Authority: Cantonal tax authority (varies by canton)
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Nexo Earn interest: HMRC treats crypto interest as miscellaneous income; taxed at income tax rates
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prélèvement forfaitaire unique (PFU) — 12.8% income tax + 17.2% social charges.
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year.
- Authority: Direction générale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Nexo Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it triggers capital gains tax. Interest income from Nexo Earn is additionally taxable as ordinary income. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, USD, etc.)
- Swapping or trading crypto for crypto
- Nexo Earn interest received (as income)
- Using crypto to pay for goods or services
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own accounts
- Depositing fiat to Nexo
- Taking a crypto-backed loan (borrowing is not a disposal)
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Nexo Taxes
Nexo users can accumulate hundreds of taxable events across multiple years — especially if they use Nexo Earn (daily interest accruals) alongside spot trading and loan repayments. Calculating cost basis, holding periods, and income for each event manually is time-consuming and error-prone.
CoinTracking imports your complete Nexo trade history via CSV, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and separates trading income from capital gains in your final report.
The result is a jurisdiction-specific tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every transaction including Nexo Earn interest.
How to Import Nexo into CoinTracking
Three steps to import your Nexo transactions and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets and blockchains.
- 2
Search for Nexo in the import list
Type "Nexo" in the search field. CoinTracking will show the Nexo import option — select it to proceed with your CSV upload.
- 3
Upload your Nexo CSV export
In your Nexo account, open the Transactions tab, set your date range, select All Types and All Assets, and download the CSV. Upload it directly to CoinTracking. All trades, Nexo Earn interest, deposits, withdrawals, and loan repayments will be imported automatically.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Nexo
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Import your Nexo transactions
Open the Transactions tab in your Nexo account, set your date range, select All Types and All Assets, and download the CSV. Upload it to CoinTracking. All trades, Nexo Earn interest, deposits, and withdrawals are imported automatically.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate — especially important for multi-year Nexo Earn histories.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Nexo does not generate a ready-to-file tax report. It provides a transaction history via CSV export from the Transactions tab. You can upload that CSV into CoinTracking, which calculates gains, losses, and income across all your Nexo trades, interest earnings, and loan repayments, then generates a compliant tax report for your jurisdiction.
Log in to your Nexo account and open the Transactions tab. Set your date range and select All Types and All Assets. Click Download CSV to save your full transaction history. Upload the resulting file to CoinTracking to import your complete Nexo activity — including trades, interest earned, deposits, withdrawals, and loan repayments.
Yes. Every sale, swap, or disposal of cryptocurrency through your Nexo account is a taxable event in most jurisdictions. Capital gains tax applies to the difference between your cost basis and the proceeds. Interest earned through Nexo Earn and lending rewards are typically taxable as ordinary income in the year received. Tax-free thresholds and holding-period exemptions vary by country.
In most jurisdictions, interest earned through Nexo Earn (daily interest on crypto holdings) is treated as ordinary income and taxed at your applicable income tax rate in the year it is received. The amount is calculated based on the fair market value of the crypto at the time of receipt. CoinTracking imports your full Nexo interest history from the CSV and correctly classifies each payment as income, ensuring accurate reporting.
Nexo is incorporated in the Cayman Islands and operates internationally. While it may comply with local reporting obligations in jurisdictions where it has a presence, it is not an EU-regulated CASP subject to DAC8. You remain personally responsible for declaring your gains, losses, and income from Nexo activity in your annual tax return. CoinTracking helps you produce a complete, accurate tax report for any jurisdiction.
Yes. CoinTracking imports your full Nexo CSV — including spot trades, Nexo Earn interest payments, loan-related transactions, deposits, and withdrawals — and calculates your cost basis and gains across all transaction types. Interest income is separated from capital gains in your final report, giving you the breakdown your accountant or tax authority needs.
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