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I have a question about how to enter my NQSO exercise into Turbo Tax. An amount was reported on my W2 as income. So I know that I take the cost of the options plus the W2 income reported from the sale for my basis (same day sale). However, there is a small box "taxes were witheld on this sale (box 4)". Yes, they were (at a rate of 25% fed, plus SS 6.2%, plus medicare 1.45% plus state tax 5.75%). However, I'm uncertain if that already has been handled by adding my W2 income from the sale to the basis. If I check that box my amount owed drops dramatically (actually it becomes a refund). I like that, but maybe it is counting the taxes witheld twice??

Anyone know for sure??

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