Yes. Monorail’s Portfolios and Stock features are taxable brokerage accounts, meaning any income you earn from them may be subject to taxes.
What Is Taxable?
✅ Realized capital gains (profits from selling an investment)
✅ Other applicable distributions, as defined by the IRS
Per IRS guidelines, income earned from brokerage accounts is considered taxable income.
Will Monorail Send Me Tax Forms?
Yes! If you use Monorail’s Stock or Portfolio features, we’ll provide a consolidated tax statement (such as Form 1099) to help you properly file your taxes.
To find and download your tax forms, log into the app and follow this article for step-by-step instructions.
⚠️ Important: This article does not provide legal or tax advice. For personalized guidance, please contact a certified tax or legal professional.