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My main advice on taxes for traders is to get professional help. http://www.greencompany.com is a great place to start. Most chances your regular CPA doesn't know too much about it (like mine) To your question, futures are considered "1256 contracts" and are reported on form 6781 and then...

A consistently profitable trader should not pay estimated taxes. As far as I know the IRS penalty is ~6%. Assuming these 6% are used for trading, they should generate more profits. This is exactly like taking a loan for a year with 6% interest (to be more accurate, these are 4 quarterly loans)