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Help with robinhood free stock

I think I made a mistake after filing my taxes.  Long story short, I downloaded and made an account with Robonhood on December 8th, I received a free stock worth a little less than 5 dollars.  The price of it has gone up and down, but I believe at the end of the year it was worth a little over 5 dollars.  I never sold it or have done anything else related to stocks so it's the only one I own.  By the time I filed my taxes I had forgotten I even had it.  My taxes were accepted and approved by both Ohio and the IRS.  I already got my Ohio refund, and am currently waiting for my federal refund, DDD of 2/26/2020.  I just remembered I had it and am worried the IRS is going to do an audit or whatever they do.  This is only my second year filing so I really have no idea what I'm doing or if I even needed to report it.  Any help would be much appreciated.  Now I'm worried I won't get my federal refund now.  Sorry if this is a stupid question, like I said when it comes to taxes, I'm a compete moron.

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3 Replies
CatinaT1
Expert Alumni

Help with robinhood free stock

You should be fine.  If you did not trade or sell the stock, there is not a transaction to report.  This should not delay your federal refund either.

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Help with robinhood free stock

Thanks, that's petty pretty much what I could find from googling it, but as I said I really have no idea what in doing when it comes to taxes, and in this case stocks, so I figured it'd be best to ask about my specific situation to be sure.

ThomasM125
Expert Alumni

Help with robinhood free stock

The amount is immaterial, that is why it was not reported to you. You do not need to be concerned about it!

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