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Get your taxes done using TurboTax
Simple answer for this Robinhood 1099-misc situation ... when you joined Robinhood they "gift" you a share of a stock and the cost of the stock is reported as other income which you need to report as other income (Sch 1) but then that amount becomes the cost basis of that stock for when you sell it in the future.
March 11, 2023
6:16 AM