Capital Gains Tax on Flip via Joint Venture

[Rafael Norat]

I have a flip project with 2 partners through a joint venture. The property was purchase in an llc I own with a separate agreement stating our purpose, roles, and such. Question: would the capital gains tax be calculated individually after the profits are disbursed, or do I have to process that prior to disbursement and subtract out the estimated tab amount? I'm reaching out to my CPA on this matter but figured I'd shoot it out here as well.