I believe an example exists in the newsgroup's FAQ. It's essentially do the
Exercise to put money i n a cash account. Then make a payment for the taxes
from the cash account. You can then either transfer the cash to your
checking account or buy the underlying stock from the cash account,
depending on your individual action.

I've been doing it that way for over 10 years with no problems.

"mjhhmb" <mjhhmb[at]discussions.microsoft.com> wrote in message
news:0348FBAF-3020-459A-B0DA-542D5458AA52[at]microsoft.com...
- quote -

Hello-

I have an ESPP with UBS, and when I did an exercise & sell of some options
recently they took taxes out (Fed, State, Medicare & FICA). The form for
entering the 'Exercise & Sell' has no way to deduct taxes from the
transaction, or am I just missing it? What is the best way to record the tax
payments?

Thanks in advance!

Matt