JitoSOL Staking Tax Memorandum

The Jito Foundation is proud to release a second legal analysis relating to JitoSOL and the Jito Stake Pool – this time around how and when certain activities relating to liquid staking may be subject to U.S. tax laws.

As laid out in the "Analysis of the Jito Stake Pool," authored by partners David Forst and Sean McElroy and associate Matthew Dimon of the law firm Fenwick & West, minting & redeeming LSTs is not a taxable event and staking rewards, as newly-created property, should not be taxed in the year they are received but rather upon a sale or other disposition.

The Foundation is proud to support the continued advancement of legal thinking around liquid staking.

You can download the full report at the link below: