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.