Entering Kalshi Trades in TurboTax: Why the Default Costs You Money
TurboTax has no Kalshi category. Most traders default to ordinary income. That's probably the most expensive option. Here's what to do instead.
March 26, 2025
Blog
Are Polymarket Winnings Taxable? What US Traders Need to Know (2024)
Polymarket winnings are taxable in the US. The question is how — Section 1256, gambling income, or ordinary income. Here's what each treatment costs you.
March 25, 2025
How to Report Kalshi Taxes in 2024: Section 1256 vs Ordinary Income
Three ways the IRS might tax your Kalshi trades — Section 1256, ordinary income, and gambling income — with real dollar examples at the 22% bracket.
March 24, 2025