How to report Kalshi losses?

Bryce
Bryce Member Posts: 1 Newcomer
in Filing my taxes

I see little to no resources online about how to report Kalshi losses. As far as I'm concerned, Kalshi losses count as capital losses, not gambling losses. Under the Common Income tab, I don't see any place appropriate to report those losses.

PSA: I was not provided any forms from Kalshi

Comments

  • MatthewD
    MatthewD FreeTaxUSA Admin, FreeTaxUSA Agent Posts: 893 image
    Hi Bryce,

    Based on the research I did, I agree with you. Kalshi income and losses should be reported as capital gains or losses on Schedule D. See the Investments and Interest section under the Income menu.

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