Thank you @RobertB4444 .
This is not a S-corporation. This is sale/transfer of share of LLC. So, the other two partners paid $10k each into the LLC and their capital accounts went from $17k to $27k (for each partner). My K1 from LLC shows that my capital account is zero at the end (Start $17k, basis adjustment $3k, distribution of $20k).
Is the process same if it is LLC vs. S-corp. If I want to put in the Schedule-D, what kind of record will I have to show basis and sale price?
Your response is much appreciated.
