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I acquire company stock by exercising company options and sell it the same day. What is my basis in the stock Im selling?

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I acquire company stock by exercising company options and sell it the same day. What is my basis in the stock Im selling?

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Your employer will include the excess of the fair market value over the option price in your W-2 wages. Therefore, your basis is the amount you paid plus the amount included on your W-2 plus the commission you pay.

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