EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: R. Ramesh who wrote (6565)	5/28/1999 9:36:00 AM
From: TraderEd	Read Replies (1) of 17183

Scott's answer was correct and is in fact, the methodology I use. However, theoretically, you are supposed to file estimated taxes every quarter on the money you made that quarter. Traders, in my nonprofessional opinion, are wise to wait till later in the year when their overall profit picture for the year is more clear. No point paying estimated taxes on gains made early in the year if later you have some losses to offset them. It is all part of money management and I make it a practice, and a goal, never to be in a position where I get a refund from my tax payments. I want to owe them rather than the other way around. As Scott said, discuss the situation with you tax preparer or a CPA. I am in no position to give tax advice. The above is just what I do.

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