http://investincommodities.com/index.php/tax-help-estimated-taxes-required-for-futures-accounts/ Commodities Investment Information And Trading Strategies Mon, 09 Aug 2010 22:01:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://investincommodities.com/index.php/tax-help-estimated-taxes-required-for-futures-accounts/comment-page-1/#comment-144 v b Wed, 01 Oct 2008 07:47:59 +0000 http://investincommodities.com/index.php/tax-help-estimated-taxes-required-for-futures-accounts/#comment-144 You need to get form 2210 and plug your actual numbers into each "quarter"--then pay the amount the IRS will require you to have paid to avoid a penalty. Then when you file for 2008, move the numbers to the 2008 form and file it with your tax return. You need to get form 2210 and plug your actual numbers into each “quarter”–then pay the amount the IRS will require you to have paid to avoid a penalty. Then when you file for 2008, move the numbers to the 2008 form and file it with your tax return.

]]> http://investincommodities.com/index.php/tax-help-estimated-taxes-required-for-futures-accounts/comment-page-1/#comment-143 CarVolunteer Wed, 01 Oct 2008 04:47:59 +0000 http://investincommodities.com/index.php/tax-help-estimated-taxes-required-for-futures-accounts/#comment-143 You only have to pay tax on the net results of your trades (gains and losses), not the value of the futures contracts that you hold. You only have to pay tax on the net results of your trades (gains and losses), not the value of the futures contracts that you hold.

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