Tax Help: Estimated Taxes Required for Futures Accounts?

I invest in commodity and financial futures and would like to know whether I need to pay quarterly estimates taxes based on appreciation in my account value at the end of each quarter. This investment can be quite volatile so a gain at the end of Quarter 1 may quickly disappear in Quarter 2. I don't want to pay taxes that may be refunded eventually.





Thanks for any help!|||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.|||http://helpabrothaout.info|||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.