Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: k.ramesh who wrote (2489)	12/13/1999 7:40:00 PM
From: Colin Cody	Read Replies (1) of 5810

You should pay taxes quarterly. Pay later if you made $$ later or if you forgot. You may reduce or eliminate penalties the sooner you pay, when you realize $$ is due. How in the heck can you estimate your expected trading profits or losses? That's up to each person, but IMO a trader status taxpayer (and any concerned investor for that matter) should have books and records computing his YTD trading profits each and every day. Colin

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