How do swing traders pay taxes v136

Know your ordinary income tax bracket for IRS and your state if necessary

Know dues dates of estimated tax

Track your monthly swing trading profit

Make your estimated tax payments by their due dates with IRS and your state

Find your Gross income from your Form 1040 Individual income tax return line 9. You compared that income to the income tax bracket found in the instructions for Form 1040 under your filling status to locate your income tax bracket.

You use that tax rate to estimate the amount of tax to pay on your swing trading profit.

You track your swing trading profit by month and calculate estimated tax on each monthly income.

You pay the estimated tax by the due date.

If you have a job, you could also update your W-4 with your employer and choose more to be withheld from each paycheck instead of paying estimated tax.

Conclusion: How do swing traders pay taxes

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