According to the Robinhood website, <a rel="nofollow" target="_blank" href="
https://support.robinhood.com/hc/en-us/articles/115002825066-Free-Stocks">https://support.robinhood....>, the cash value of the free stock at the time you received it may be reported as “Other Income” on a 1099-Misc form. Any gains or losses on the sale of the stock are reported as capital gains or losses. You will probably get the 1099 in the mail soon.
If you report the cash value as Other Income, then sell the stock at a later date, you would show the amount that you reported as your cost basis in the stock, so that you don't pay tax on that amount twice.
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