Has anybody sold shares from the Walmart ESPP (ASPP as they call it) plan? If so, how did you calculate cost basis?

[sayitaintso2024]

I sold shares from my Walmart ESPP (they call it ASPP) and I am trying to determine my cost basis for the stocks sold and how to handle the dividends reinvested and the company match (stocks were not purchased at a discount). The prospectus for the plan says it's Non-Qualified under 423 so I think that is why I did not receive a 3922 form for the purchases.

I sold some stock from the plan for the first time in 2024. The 2024 1099-B I recieved from Computershare does not have a cost basis listed. However, there is supplemental page titled Purchase Basis Information for 2024 that indicates the stocks sold (FIFO) were purchased in 2008 (the year I joined the plan) and it also has a column called Purchase Basis. I'm not sure how they calculate this column but the basis looks too low and I would like to calculate the basis myself.

For the year 2008:
Payroll deduction: 16.262 shares were purchased for $930.00 (17 transactions).
Dividend Reinvestments: .034 shares were purchased for $2.03 (2 transactions).
Walmart Match: 2.439 shares were purchased for $139.50 (17 transactions).

As I understand it, my cost basis for the payroll deductions for 2008 is $930.00 ($57.19 per share).

The dividend reinvestment and Walmart company match is where I'm getting confused.

I paid tax on the dividend reinvestment (1099 DIV) for 2008 and I also believe the Walmart company match was taxed as income on my W2 for 2008.

My questions are how the cost basis is affected by the dividend reinvestment and the Walmart company match and is the cost basis of the payroll deduction shares different than the ones purchased by dividend reinvestment and Walmart company match?

I see fields on the Turbo Tax ESPP form for Adjusted Cost Basis and Amount of Compensation For This Sale. Do either of these fields come into play in this situation?

[AmyC]

1. The company match was added to your w2 wages and is included in your basis. The dividend reinvestment added to your shares of stock in total but does not affect this sale.

2. If you paid any fees to purchase or sell the stock, those would increase the basis of the stock, your w2 compensation adjusts the basis.

[Miss MCJ2]

Ask Walmart for a copy of your form 3922.   It has all the informaton that you need and the company is required to issue it when the issue ESPP.

[AmyC]

You should indeed have kept all your 3922 forms. Walmart may or may not have forms dating back to 2008 available to you. You have your price plus the employer portion for your basis - so you don't need it.