Amount of Compensation income ESPP stock sale.

[sayitaintso2024]

When entering my own information for a sale of stock in an ESPP plan, I'm not sure what the "Amount of compensation income for the sale" field is.  Is that for entering a discount or company match that has not already been taxed as ordinary income on my W2?

[AmyC]

The compensation in your w2 usually needs to be added. The brokerage doesn't normally include it. You want to add that income to your stock basis to decrease your gain so your aren't taxed on that amount again.

[sayitaintso2024]

I was able to find information Computershare has online for the Walmart ESPP,  it says that the cost basis on the 1099B is for ALL Walmart ESPP shares I acquired through Computershare. That being the case, the cost basis would include both the shares purchased through payroll deductions and the shares that were bought with the company match.  Therefore, I think I can accept the purchase basis as reported by Computershare and there will be nothing I need to add or adjust.

Thank you for responding and for your help.