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Does anyone have any more detailed information about the losses, specifically from the real estate side of his businesses? Real estate can frequently show a ta

Does anyone have any more detailed information about the losses, specifically from the real estate side of his businesses? Real estate can frequently show a tax loss from depreciation while generating cash flow. But depreciation only applies to improvements, and it sounds like the golf courses are a significant part of the losses. I don't know enough about golf courses to determine if depreciation is a big factor here.

tiziniano 6y ago
Better show tax loss and not pay taxes on it.
- Anon84 6y ago
  Al Capone thought the same thing
  - coldtea 6y ago
    As did almost every business on earth...
  - koheripbal 6y ago
    Al Capone didn't declare any of his earnings - that's a big difference. My business also shoes a tax loss almost every year - that's just normal good money management. Amazon showed a tax loss literally every year ever.
mandevil 6y ago
The article says "What the tax records for Mr. Trump’s businesses show, however, is that he has lost chunks of his fortune even before depreciation is figured in. The three European golf courses, the Washington hotel, Doral and Trump Corporation reported losing a total of $150.3 million from 2010 through 2018, without including depreciation as an expense." So this is negative cashflow, not counting depreciation.
- ryanworl 6y ago
  Thanks! I was reading a different article before that was more of a visualization that didn’t have these details. Unless those had some type of synergy that made his other properties and brand more valuable overall, those sound like poor investments.
  - pwinnski 6y ago
    Reading the detailed breakdown, the only things he's done or invested in that have not lost money are two early properties he was forced out of but left a small stake in, and his reality TV appearances. Everything else has lost money.
    - Balgair 6y ago
      To add to this: Trump International Hotel (the one in DC) was put on the market in Oct. 2019 for $500M. There were no buyers before the sale offering was canceled due to coivd-19. You don't put a marquee property on the market if it is making money. Especially the one in DC. Especially while you are the current US president. https://www.wsj.com/articles/trump-organization-exploring-sale-of-marquee-washington-hotel-11572019874 https://www.wsj.com/articles/trump-organization-exploring-sa...

tiziniano 6y ago

Better show tax loss and not pay taxes on it.

Anon84 6y ago
Al Capone thought the same thing
- coldtea 6y ago
  As did almost every business on earth...
- koheripbal 6y ago
  Al Capone didn't declare any of his earnings - that's a big difference. My business also shoes a tax loss almost every year - that's just normal good money management. Amazon showed a tax loss literally every year ever.

mandevil 6y ago

The article says "What the tax records for Mr. Trump’s businesses show, however, is that he has lost chunks of his fortune even before depreciation is figured in. The three European golf courses, the Washington hotel, Doral and Trump Corporation reported losing a total of $150.3 million from 2010 through 2018, without including depreciation as an expense." So this is negative cashflow, not counting depreciation.

ryanworl 6y ago
Thanks! I was reading a different article before that was more of a visualization that didn’t have these details. Unless those had some type of synergy that made his other properties and brand more valuable overall, those sound like poor investments.
- pwinnski 6y ago
  Reading the detailed breakdown, the only things he's done or invested in that have not lost money are two early properties he was forced out of but left a small stake in, and his reality TV appearances. Everything else has lost money.
  - Balgair 6y ago
    To add to this: Trump International Hotel (the one in DC) was put on the market in Oct. 2019 for $500M. There were no buyers before the sale offering was canceled due to coivd-19. You don't put a marquee property on the market if it is making money. Especially the one in DC. Especially while you are the current US president. https://www.wsj.com/articles/trump-organization-exploring-sale-of-marquee-washington-hotel-11572019874 https://www.wsj.com/articles/trump-organization-exploring-sa...