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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (105814)	4/15/2000 2:14:00 AM
From: Pravin Kamdar	Read Replies (3) \| Respond to of 1572108

Thread, I have a tax question for you and would appreciate your help. I am trying to figure out if I need to pay estimated taxes by this Monday for Q1. Last year I did not have an income and my capital gains were canceled by losses carried forward from a prior year. So, my 1999 tax liability was zero. Now, I have profits of about $250,000 (on stocks sold minus basis in Q1). Must I make an estimated payment on these gains, or can I wait until 4/15/2001 because my income in 2000 was greater than in 1999. Turbo Tax says I don't need to make the estimated payment, but I don't believe it. Thanks in advance for any opinions. Pravin.

To: Joe NYC who wrote (105814)	4/15/2000 1:52:00 PM
From: tejek	Read Replies (1) \| Respond to of 1572108

Just think about it. Imagine you can produce reliably this scenario once, and generate "free" profit. Than what's stopping you from doing it 2, 3, 5, 100, 1,000,000 times per day and generate profit equal to the entire GDP of the USA in a single trading session? Joe, Are you saying that you do not think its possible? I certainly don't think its easy or necessarily reliable, but the above is how I was told stocks and their prices are manipulated. And I have seen evidence of such manipulation with Naz stocks at least. ted