Jesse Mode, CPA

Real Estate CPA & REI- focused on tax-saving strategies to maximize wealth creation.

[Jesse Mode, CPA @modejesse]

@uptonaccounting Try digits !

[Jesse Mode, CPA @modejesse]

@pmurillo @joecarlsonshow @alojoh This right here!

[Jesse Mode, CPA @modejesse]

@FortWayneCPA I am with u on pancakes, but coffee is good

[Jesse Mode, CPA @modejesse]

@QCompounding Send

[Jesse Mode, CPA @modejesse]

@atrupar 2.77 in VA!

[Jesse Mode, CPA @modejesse]

@reddit_lies @joecarlsonshow

[Jesse Mode, CPA @modejesse]

@natesosa_CPA If you guarantee all the debt?

[Jesse Mode, CPA @modejesse]

@QCompounding Send

[Jesse Mode, CPA @modejesse]

@LEAPTRADER_ Options

[The Money Cruncher, CPA @money_cruncher]

The ultra wealthy are crafty at avoiding taxes.

Many use the "Buy, Borrow, Die" strategy.

Here's how it actually works in practice:

[Jesse Mode, CPA @modejesse]

@SMB_Attorney I think Warren Buffet’s Berkshire Hathaway, holding 325 billion in cash says it all!

[Jesse Mode, CPA @modejesse]

@JWellsTax Maybe a General Partner secured the loan? We have several partnerships like this.

[Jesse Mode, CPA @modejesse]

@MichiganMattCPA I worked in a smaller office a few years ago and I too nvr had to reconcile RE.

Now it’s every return.

[Jesse Mode, CPA @modejesse]

@YonahWeiss Thanks

[Bill Ackman @BillAckman]

A must read.

[Jesse Mode, CPA @modejesse]

@RETaxStrategist Great question!

[Jesse Mode, CPA @modejesse]

The best time to perform a cost segregation study is the same year you buy, build, or remodel your real property. But you can wait until a future year—perhaps when you have enough rental or other passive income to use the speeded-up depreciation deductions.

[Jesse Mode, CPA @modejesse]

Cost Seg. Studies are oversold!

Cost segregation may not be advisable for every property owner—for example, where it results in a loss that can’t be deducted due to the passive loss rules or where the owner intends to sell the property within a few years and has to recapture the cost-segregated depreciation deductions as ordinary income.