Users who hit certain reporting thresholds as defined by the IRS will receive the following documentation from Kalshi.
1099-INT - contains interest payments from Kalshi
1099-MISC - contains credit/rewards from Kalshi
1099-B - contains transaction proceeds from broker transactions (crypto transfers)
1099-DA - contains digital asset transaction reporting from ZeroHash
We use the FIFO (First-In-First-Out) accounting method to compute profits and losses.
Your trading activity information, segmented by year, is updated monthly. The Profit and Loss (PnL) figure includes fees and any rebates. Note that a mid-month PnL review may not reflect the latest data, as updates occur on the first morning of each month.
This information and the information included in the P&L are not tax advice, and Kalshi cannot give members advice on their taxes. It is intended as a tool to assist members, but as always, each member should consult with a tax professional for any questions and is responsible for ensuring the accuracy of all returns.
Some tax forms will be delivered electronically - check your email for a delivery from Zenwork, our tax form provider.
You can find this info in the Account tab under the Tax Info page.
Finding Your Profit and Loss (PnL) Statement
Your PnL statement summarizes your trading activity including profits, losses, and fees. To access it:
Log in to Kalshi
Go to Account and select Tax Info
Select the year you want to view
Download your PnL statement
Note: PnL data is updated on the first of each month. If you check mid-month, the most recent transactions may not yet be reflected.