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Political Discussion
Reply to "The BIG ONE: 20 years of Trump taxes obtained by NYTs"
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[quote=Anonymous]It really isn't the depreciation that is impacting this. It's his habit of walking away from bankrupt businesses that have created enormous loss carry forwards. And then either not recognizing income on defaulted debt (early 90s in a somewhat odd situation where Wilkie did give him an MLTN letter) and then again when he walked away from more casino debt. Though he will have to begin recognizing that as income. What is really troubling is the 300 million in debt coming due. Ordinarily, you'd just refinance it. But when the President of the United States is your counter-party, will this really be any thing near an arm's-length refinancing?[/quote]
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