Which IRS Form do I need to generate and give to my investor friend so he can deduct the $3000 on his taxes and what IRS Form do I need to generate to report my $3000K income on my taxes?  

Then of course there's the IRS this is a exert directly from the site: Federal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank and securities accounts.

I can tell you NO program or community will magically propel you forward if you simply consume content and watch videos and hop in zooms every day while sitting around wondering when the value will come… at that point even a $78 program would be of little to no value. 

It will be hard to get a loan from and financial institution if you’ve got the IRS breathing down your neck!

Either way, it doesn't make logical sense for the IRS to allow them the $500k married exclusion on both properties.

These are expenses incurred before your business is active, and they typically aren’t immediately deductible in full, as they are considered part of starting the business rather than ongoing operational costs.To provide more detail, according to IRS rules (as seen in the screenshot), you can deduct the lesser of $5,000 or your total startup expenditures.

It seems that IRS liens can be negotiated down but how would one do this?

Based on my reading of IRS Publication 523 (Selling Your Home), it appears that I must report the sale of the original property on Form 8949 and Schedule D, given that I received a 1099-S.

Reduce Taxes through depreciation (If you don't meet the IRS definition of a real estate professional, it won't improve any W-2 income taxes)2.

Can I be double-taxed by the USA (IRS) and CANADA (CRA) when doing my flips or holding rental properties in the USA while living in CANADA?