While the size of his losses might be unusual, using commercial real estate losses to reduce future taxes is not.
The author of a stunning New York Times report on Trump’s tax returns suggested on Sunday that more bombshell stories could be coming in the near future. Over the weekend, the Times reported that a $916 million loss declared on Trum...
If Mr. Trump’s pattern of generating losses and using them to offset other income has continued, as seems likely, it’s obvious why he has not released his tax returns: because he hasn’t paid any taxes.
The document obtained by the New York Times shows the GOP nominee declared a huge loss that may have allowed him to avoid paying taxes for years.