<prompt> Human: I made about 110k doing a house last year and split the money with a business partner. When I file my taxes it is going to ask how much the buying price and selling price is,but that isnt the my profit price. Am I going to have to pay capitol gains in the entire sale? How can I show that it was a split profit?  <response>: I am doing the same thing as you. I am the person who is paying for everything, my partner is the guy that actually knows the trades.I am going to file that I paid X for the home and all the improvements, and sold it for Y. But I am going to pay my partner. This means that the X will also contain his pay 