Oh for crying out loud -
“There is no indication the I.R.S. challenged that initial claim, though that lack of scrutiny surprised tax experts consulted for this article. But in 2010, Mr. Trump and his tax advisers sought to extract further benefits from the Chicago project, executing a maneuver that would draw years of inquiry from the I.R.S. First, he shifted the company that owned the tower into a new partnership. Because he controlled both companies, it was like moving coins from one pocket to another. Then he used the shift as justification to declare $168 million in additional losses over the next decade.”
This is BS and a perfectly common business tactic.
He didn’t “double dip” the write off. He wrote off the BUILDING investment. The 168 million deductions on the new company come from OPERATING investments from year to year by the NEW company that took over the building.
It doesn’t matter if it’s still “him” taking the deductions. LEGALLY it’s a different entity.
And the IRS still won’t investigate Biden or Clinton…