Does Jupiter Exchange report to the IRS? (2025 Update)

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Key takeaways

Jupiter does not report directly to the IRS.
The IRS can still trace your trades by analyzing blockchain data.

Cryptocurrency exchanges around the world are starting to report more and more information to government agencies. In this guide, we analyze Jupiter’s tax reporting policies within United States. We’ll also break down a simple way to report your Jupiter taxes in minutes.

What is Jupiter Exchange?

Jupiter Exchange is a decentralized exchange (DEX) aggregator built on Solana. It routes trades across multiple liquidity pools to help users find the best available price on various cryptocurrencies.

Because it is decentralized, Jupiter does not collect Know Your Customer (KYC) information or issue tax forms. However, all trades are public on the Solana blockchain, which means transactions can be traced by the IRS.

Does Jupiter Exchange report to the IRS?

No. Jupiter Exchange does not send tax forms to the IRS.

That does not mean your activity is hidden. The IRS has expanded its ability to track DeFi transactions:

Blockchain analytics: Every Jupiter trade is public on Solana. The IRS works with firms like Chainalysis that specialize in linking wallet addresses to taxpayer identities.‍
Broker reporting: Beginning with the 2025 tax year, U.S. brokers must file Form 1099-DA, reporting digital asset sales and proceeds. It’s likely that the IRS can use this information to track your Jupiter activity, especially if you’ve transferred crypto to/from a centralized exchange.

If I use Jupiter Exchange in the US, do I owe taxes?

Yes. Crypto activity on Jupiter is taxable:

Capital gains: Each swap on Jupiter is treated as a disposal subject to capital gains tax. Your capital gain or loss varies depending on how the price of your crypto has changed since you originally received it.
Ordinary income: Staking rewards, airdrops, and liquidity incentives are taxed as income based on value upon receipt.

It’s important to note that there is no tax for transferring crypto between wallets that you own.

Does Jupiter Exchange have KYC?

No. You can use Jupiter without verifying your identity.

Is Jupiter Exchange legal in the US?

Yes. Using Jupiter is legal in the United States.

You are legally required to report your taxable income from Jupiter and other platforms.

How do I reduce my Jupiter taxes?

While you can’t avoid taxes completely, there are strategies you can use to legally reduce your tax bill:

Tax-loss harvesting: By selling crypto at a loss, you can offset capital gains and reduce taxable income.‍
Use crypto tax software: Crypto tax software like CoinLedger can import transactions from Jupiter and other exchanges and show your biggest tax-saving opportunities.

Looking for a simple way to report your Jupiter taxes? With CoinLedger, you can import your Jupiter transactions and auto-generate a complete gains, losses, and income tax report in minutes.

CoinLedger integrates with Jupiter and dozens of other wallets, blockchains, and cryptocurrency exchanges to automate the entire crypto tax reporting process.

You can get started with a free preview report today.