Help with robinhood free stock

Forum|Forum|6 years ago
February 24, 2020
1 reply
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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.

Not A Product Question

CatinaT1

Level 15

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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MonleeAuthor

Level 2

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.