MGC94
Level 7

They did sell some stock. Proceeds $703,304.45 cost basis $171,767.40 Gain $531,537.05 w/h federal taxes of 43,934.59,  30,485.92,  and 42,584.67. (plus additional expenses us Medicare, state taxes ..)  

 

Fidelity said with stock options its reported differently with showing the withholding from the cost basis and said refer to the other page showing 

$703,304.45 proceeds and 703898.91 adjusted cost basis show a was of 289.79 and a loss of -594.46.

 

How can I decreases the tax liability? any other suggestions? 

The V from w2 is non statutory stock options. 

 

 

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