House Flipping Amoung Friends

[Marvin Waldron]

Hi,

Recently I flipped a few houses that were in my name only. However, there were 3 of us that went in equally to purchase the houses and all 3 of us split the profits out of my proceeds from the title company from a check that was made payable to me only since I was the only owner of deed. My question is, what reporting options do I have with the IRS with regard to the money that I paid out to the other investors out of my check from the proceeds so that I dont have to pay taxes on the money I paid to them? Thank you.