I'm releasing a game as an individual (no registered company, LLC etc). If I am split 50/50 with an artist, come tax time, how do I take care of this?
Is just keeping track of the money and then submitting some kind of deduction form all I have to do? Essentially I am submitting a game to OUYA soon and they require tax documents. If it reports that they paid me 10,000 but only 5,000 will be income to me, then I'm wondering how/where I tell the government this.