ExchangeCFTC regulated
Kalshi taxes, forms and records.
What Kalshi reports to the IRS, what it leaves out, how to get your full trade history, and where its markets are live. Every fact links to its source.
Checked against Kalshi’s help center on October 7, 2026
Kalshi at a glance
Checked October 7, 2026The Kalshi record
What to know about Kalshi.
Each part answers one question about Kalshi from Kalshi’s own documents and public court filings, with the date we checked them.
Three ways a year can be filed
- Standard capital
- Form 8949 · Schedule D
- Section 1256
- Form 6781
- Gambling
- Schedule 1 · Schedule A
No IRS guidance settles which one applies to an event contract.
- What Kalshi sends youTax forms Four 1099s, each only above an IRS reporting threshold, and none of them reports your contract profit or loss.
- Getting your full trade historyTrade data The P&L statement updates monthly and is not a tax form. How to pull a complete year from the export and the API.
- Where Kalshi’s markets are liveAs of Sep 22, 2026 Courts have switched off some markets in Washington State, Nevada and Michigan; an order in Massachusetts is on hold. Every state with a live action, and what it means for your account.
- Estimate your Kalshi yearCalculator Enter your all-time Kalshi net for a federal range under each treatment. Free, no sign-up.
Guides about Kalshi4 guides
Read further.
The long walkthrough, and the questions people ask about Kalshi most.
What Kalshi sends you
- 1099-INT
- Interest Kalshi paid you
- 1099-MISC
- Credits and rewards
- 1099-B
- Crypto transfers only
- 1099-DA
- Digital assets, via ZeroHash
- Your contract profit or loss
- No form
Each form goes only to members above an IRS reporting threshold. From Kalshi's help center, checked October 7, 2026.
- Are Kalshi Winnings Taxable? Yes. Kalshi winnings are taxable income in the US. How event-contract gains and losses are reported, why the treatment is unsettled, and what records to keep.
- Is Kalshi Gambling? What the Courts Have Ruled Two appeals courts split on whether Kalshi's sports contracts are swaps or bets. What each ruled, what state courts found, and why none is a tax ruling.
- Kalshi at the Supreme Court: Petitions and Dates Three petitions ask the Supreme Court whether states can regulate Kalshi's sports contracts. What each asks, the circuit split, and when to expect news.
Also on Realize
Run your own numbers.
Calculators for a quick estimate, and the rest of the Tax Center.
Calculators
Estimate your year before you connect anything.
Price your Kalshi year three common ways.
Connect Kalshi read-only for a free estimate under each treatment.