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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Bill Shepherd who wrote (1676)12/30/1998 4:45:00 PM
From: JungleCat  Read Replies (2) of 5810
 
Does anybody out there know if there is a simple rule of thumb for when one would be required to pay quarterly taxes due to a short term capital gain? For example, let's say I make a trade on January 1, 1999, that results in a profit that increases my net income by 20%. Can I wait until April 15, 2000 to pay the tax on it or is it not that simple? TIA.
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