Sale of Stock-Help!

[ChaseM]

A client paid his bill by transferring stock to me since my law firm did not have a brokerage account. I immediately sold the stock and paid all of the proceeds to my law firm. I now have a 1099-B showing $12,000 sale of stock. How should I document this on my tax return? I'm thinking of filling out Form 8949 to show that I received the proceeds as a nominee with no gain, but I cannot find anything saying this is correct or incorrect.   Please help! 

[ChaseM]

Thank you for this information.  Now if I can only figure out a way to input this into the Turbo Tax online program.  In years past I could bypass the computer inputs and go to the actual tax document for anything unusual.  Can't seem to get there on the 2019 version. But regardless, I really appreciate your help.

[Critter-3]

IMHO may I suggest simply making the basis the same as the selling price since you will be reporting the proceeds on the business return ... this will effectively zero out the Sch D sale.  If you are ever questioned this is a simple explanation to a simple situation.