rbynaker
Level 13
08-15-2023
09:22 AM
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@ptax255 wrote:
Hi, one more question here. Googler client as well. Do you adjust the basis of the gross shares vested or net (after-tax withheld). I'm thinking net, but just to confirm since this exercise was not fun to begin with.
Net. My understanding is that Google only issues the net shares and delivers them to the broker. So the withheld shares are not "acquired". Other employer plans may be structured differently. It probably doesn't matter much, if you try to wash to the withheld shares it will just cycle another wash adjustment that will eventually end up in "delivered" shares.