Onextremebuzz
Well-Known Member
He's not though, he files his loss then the investors file theirs. Both parties numbers have to add up and both will get a tax credit they can apply against future Capital gains. Tax laws are meant to benefit the wealthy and learning how to use the tax laws in your favor is an educational asset. So of course Donald would get the big chunk of it while all the other investors only get to credit for their individual loss while trump can write off the whole thing.You can't claim the same loss twice, either he lost the money, or his investors did, and when you take such a loss you claim it on your taxes and if both parties claim the same loss, then that is tax fraud by one of the parties. The investors had a legitimate claim, Trump did not.