MGC94
Level 7

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 wash of 289.79 and a loss of -594.46.

 

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

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