🏛️How do I file taxes for my returns on Kalshi?

Kalshi does not report members’ activities to the IRS. Accordingly, Kalshi cannot furnish members with forms 1099-B or similar forms. Kalshi provides each member a page displaying the member’s profits and losses (P&L) for the years they traded as well as downloadable access to trades and settlements in that period. This information can be used by members for tax filing purposes.

• We use the FIFO (First-In-First-Out) accounting method to compute profits and losses.

• Your information, segmented by the years you've engaged in trading activities on the exchange, is refreshed monthly. The displayed Profit and Loss (PnL) figure encompasses fees and any applicable rebates. Please be aware, if you're reviewing your annual PnL figure mid-month, it may not reflect the most current data. Updates are applied on the morning of the first day 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.

You can find this info in the Account tab under the Tax Info page.

Have questions or need help? Send us a message here: [e-mail]