The scenario is this:

Client - Person A bought a building with Person B.  Person B put up a percentage of the funds with an understanding that when the building sells, he would his percentage of the proceeds.  Person B was a silent partner.

Person A found a buyer for the building and sold it.  Both parties agreed to do a 1031 exchange for Building 2.  The understanding is that when building 2 sold, they would split the proceeds on that sale. 

Building 2 sold.  Person A received a 1099-S for 100% of the proceeds.  The realtors and agents dealt almost exclusively with Person A.  Since Person A was not entitled to 100% of the proceeds per their agreement.  Part of the proceeds are being treated as having been received as a nominee.  He then turned around and paid Person B the funds he was entitled to and provided him with a 1099-S for his share of the proceeds.  

For example (not the real numbers here) Person A put up $200,000 and Person B put up $100,000 to buy Building 1 for $300,000.  Building 1 sold for $500,000 and Person A did a 1031 exchange for Building 2 for that amount.  Building 2 Sold for $600,000.  Person A received the 1099-S for the full $600,000.  Person A paid person B the $200,000 he was entitled to and issued a 1099-S for that amount.  

My question here is where to put that $200,000 in Pro-Connect.  Person A is doing another 1031 Exchange with part of his proceeds.  He is keeping $100,000 and buying another building for $300,000. So on the Person A's 8824, under cash received I would put Proceeds from the first 1099-S less the 1099-S that Person A issued to Person B and the amount paid for the new building.  Is that the correct way to do it?  Or is there another way?