You would enter your share of the property, or 70% of the cost in this case. The same would go for the closing fees.
One thing you need to be aware of is that since you own the property with at least one other person evidently, you will have a partnership by default, unless the activity is incorporated. As such, you should probably be filing a partnership or corporate tax return on which the total cost of everything will be reported, and you would receive a K-1 schedule reporting your interest in the venture, in the case of an S Corporation or Partnership.
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