Taxes
Weird thought here
Since Kalshi Profits are counted and sent through a 1099 form.
Am I able to claim Kalshi losses. For example lets say my 2026 PnL is -5k (it is not) but that -5k is used as a negative gain to offset other self employment ventures?
Bit of a stretch, but just as if I were to invest into stocks and those stocks gave me a negative return on the year, that negative return could offset other incomes and overall lower my taxable income.
So to finally conclude, can Kalshi losses add my overall losses and lower taxable income? Just as Kalshi gains would add to my taxable income.
If anyone knows, thanks for your time