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Kalshi guides
How Kalshi event contracts are taxed, from Section 1256 and 60/40 treatment to mark-to-market at year end.
How to Enter Form 6781 in Tax Software
Filing your own return? Here's how to find the Section 1256 section in most tax software, what numbers to enter, and how to check the result before you file.
Form 6781 vs. Form 8949: Where Prediction Market Trades Go on Your Return
Which IRS forms Kalshi and Polymarket traders need, what goes on each one, and how they all come together on Schedule D.
How Kalshi Fees Work and Why They Matter at Tax Time
Kalshi's trading fees depend on the contract price and quantity. Here's how they're calculated, why they're highest near 50 cents, and how they reduce your taxable gain.
How Kalshi Trades Are Taxed: Section 1256 and the 60/40 Rule
Why many Kalshi traders report gains as 60% long-term and 40% short-term, what mark-to-market means at year end, and how fees change your number.
Mark-to-Market for Kalshi Traders: Why Open Positions Count This Year
Section 1256 treats every open Kalshi position as sold at year end. Here's how that works, what happens when the market resolves next year, and why you need a year-end price.
Section 1256 Loss Carryback: Turning a Losing Kalshi Year Into a Refund
A net loss on Section 1256 contracts can be carried back three years to offset past Section 1256 gains. Here's who qualifies, how it works and how to claim it.
Tax-Loss Harvesting for Prediction Market Traders
Selling losing positions before December 31 can cut your tax bill, but it works differently on Kalshi and Polymarket. Here's where it helps and where it doesn't.
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