If this is your primary residence, you may qualify to exclude the gain. To qualify, you must have owned your home and used it as your main residence for at least two years in the five-year period before you sell it. You also must not have excluded another home from capital gains in the two-year period before the home sale. If you meet those rules, you can exclude up to $250,000 in gains from a home sale if you’re single and up to $500,000 if you’re married filing jointly.
The capital gain on the sale of your home will be determined as follows: sale price - selling expenses - original purchase price - expense of capital improvements made during ownership of home. If the capital gain is less than $250,000 if you're single or less than $500,000 if you're married filing jointly, then all the gain will be excluded from income.
With regards to splitting the proceeds with a family member, the home owner will bear the tax responsibility.
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