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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (1948)	2/28/1999 10:50:00 PM
From: Steve Warkentin	Respond to of 5810

Great Post...Thanks

To: dpl who wrote (1948)	3/3/1999 8:25:00 PM
From: Nandu	Read Replies (1) \| Respond to of 5810

I am a new trader. Started right before the crash last year, and ended the year relatively flat. However, I have had made some good money trading this year, and I have already taken some money away from the market, so I will end this year with significant capital gains. I have two questions. a) Do I have to file estimated taxes on these gains now, or can I wait till 2000? b) Due to some change in personal circumstances, I expect to have very little income next year. If it is possible to postpone some of the cap gains I have made into next year, it will be a great help. Are there any legitimate ways to do that? Thanks. Now an off topic, and a few days late response to Dpl, Re: Now this sounds interesting but one would say I picked only two times out of about 60 years.Well if you do some research into money flows into the market from the public(I realize that it is not that easy before WWII)you come up with three times this century when the public "discovered" the market. late 1920's mid 1960's and the last few years. "This time it is different", of course, belongs to the famous last words category. Still, one difference is all the automatic stuff like 401(k) deductions and IRA deductions that steadily move money into the coffers of mutual fund managers. I figure this will last a while, at least till the boomers all retire.