How do i report Kalshi election contract losses under "Contracts and Straddles". I click Box D then non of the above and am taken back to the income page.

Kalshi election contract losses are not reported on Form 6781. Instead, they are typically reported on Schedule D (Form 1040) as capital gains and losses. This is because Kalshi election contracts are considered to be similar to other types of investment contracts, and their gains and losses are treated as capital gains and losses for tax purposes.

1. log into Turbo Tax
2. Go to federal
3. Income and Wages
4. Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
5. Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’ (or “update” is you have already worked on this section)
6. The first screen will ask if you sold any investments during the current tax year (This includes any sale of real property held as an investment property so answer “yes” to this question)
7. Since you did not receive a 1099-B, answer “no” to the 1099-B question
8. Choose type of investment you sold -  choose other

Continue through the interview.  In the date sold section, you can record the date that you realized that the results of the election was not favorable.

Does this answer apply to other contracts trading on Kalshi that are not elections related? Like contracts on weather or who will win the Oscars?