Converting staked Sol for Jitosol

Tax Questions
#1

Is converting staked Sol for staked Jitosol a taxable event? Even though I never sold the original Sol, I just converted one staked asset for another? USA related.

Thanks

#2

Hi @Joey_H

That is not something we can comment on as it is considered tax advice. I suggest you talk to your accountant regarding this.

If you wish to treat this as a taxable transaction, you can leave it as an exchange, otherwise, tag it as a “swap”.
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#3

I also suggest you check out our staking article:

Staking and farming tokens

#4

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