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NEW YORK (AP) — Donald Trump reported losses on his tax returns every year for a decade, including nearly $700 million in 2009 and $200 million in 2010, his longtime accountant testified Tuesday ...
As of May 2024, an ongoing IRS audit found Trump allegedly double-dipped on tax losses from his Chicago skyscraper, which could cost him upwards of $100 million in back taxes and penalties. [376] [377]
[167] [168] Trump has acknowledged tax advantages inherent to the real-estate business, such as large write-offs from using depreciation of property to generate losses and reduce tax liabilities, which according to the Times "cannot account for the hundreds of millions of dollars in losses."
A personal loss of nearly $4.8 million in 2020. The new details of Trump’s business that emerge from the reports shows an enterprise that suffered large losses both in the first and last year of ...
Democrats in Congress released thousands of pages of former President Donald Trump’s tax returns on Friday, providing the most detailed picture to date of The post Trump’s tax returns released ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
In 2017, his first year in the White House, Trump paid $750 in federal income tax and reported $12.9 million in losses. According to his 2020 filing, he paid no federal income taxes and claimed a ...
(Bloomberg) -- An accountant who handled the tax returns of some Trump Organization executives told a jury that Donald Trump reported a total of about $900 million in operating losses over two ...