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samk15
Returning Member

It's asking me "Did you purchase all of these investments?" about my Robinhood stock trading. I received a few free stocks for opening my account. Do I answer yes or no?

 
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It's asking me "Did you purchase all of these investments?" about my Robinhood stock trading. I received a few free stocks for opening my account. Do I answer yes or no?

Since you did not purchase these "free" stocks, you would answer NO. If you did not receive anything from Robinhood of monetary value in exchange for these "free stocks" then you should not have to report this at all.  Upon sale of these "free" stocks, if you did receive something of monetary value in exchange, then you would report the FMV of that item at the date of "receipt" of the stocks as your cost basis.

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