A transceiver mitigates signal leakage into a receive path from a transmit path. A subtraction circuit determines a difference between a receive signal and a compensation signal to produce a compensated receive signal prior to demodulation by a demodulator. An equalizer both amplitude adjusts and phase adjusts orthogonal baseband transmit signals based on the difference from the subtraction circuit to produce the compensation signal. A digital tuning circuit determines at least one amplitude adjust coefficient to be used by the equalizer. The equalizer can have a polarity switch or a variable attenuator or a variable delay.