Guides
Kalshi tax guides
Precise, sourced explanations of how Polymarket, Kalshi and Hyperliquid activity is reported, with worked examples.
Kalshi·5 min read
Are Kalshi Losses Tax Deductible? Four Treatments, Worked Out
Can Kalshi losses be deducted? It depends on the treatment: capital, Section 1256, gambling (90% cap from 2026) or other income. Worked examples.
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Kalshi·5 min read
Kalshi 1099 Doesn't Match Your Numbers? How to Reconcile It
Your Kalshi 1099 or P&L statement doesn't match your own math? Here are the 7 usual causes, a reconciliation table, and what each form actually covers.
Updated Oct 22, 2026
Kalshi·8 min read
Kalshi Taxes and the 1099: What You Get and What to Report (2026)
Kalshi taxes explained: which 1099s Kalshi sends, why your trading profit isn't on them, how event contracts may be taxed, and worked examples for 2026.
Updated Oct 22, 2026