Hi, I and my friend are performing currency trading in our two separate personal accounts. We would both like to share the profits equally among each other, by forming a partnership. Can we do so by reporting the net profit generated in both personal accounts as the income for the partnership and then pay taxes for the same and then split the profit among ourselves. Also, we do not want to use the business account of the partnership for connecting with the trading app, we want to continue to use our personal bank accounts for the same, and would like to transfer all the profits generated to this business account at the end of the tenure for taxation purposes.
