Do I pay taxes on any money I earn through Monorail investing?

The TL;DR version is yes.

Monorail’s Milestones are considered taxable brokerage accounts.
Monorail Stock Trading is taxable as well for realized capital gains.

The IRS says that any income you earn or receive from capital gains and “other applicable distributions” from a brokerage account is considered taxable income.

If you use Monorail Milestones and/or Stock Trading, we will send you a tax statement for you to appropriately file with your other financial documents. To learn more about the documents you will receive, login and follow this article to locate your financial documents.

(This information should not be considered legal or tax advice. Monorail does not, cannot, should not provide such advice. If you have any questions, please contact a certified legal or tax professional before you plan on filing.)

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