Manafort got $3.5 million as a "nonrepayable" loan from Trump after leaving the campaign.

[DetlefK]

http://www.dailykos.com/stories/2017/5/16/1662804/-Paul-Manafort-got-a-3-5-million-tax-free-payback-free-loan-from-unnamed-sources

Paul Manafort got a $3.5 million loan after he left the Trump-campaign.
The loan was taken out by a holding that Manafort created one day after he left the campaign.
The loan was granted by a shell-company whose two biggest owners just so happen to be Trump and an ukrainian guy.

The loan is interest-free.
The contract contains no clauses that Manafort must repay this money.

[get the red out]

1. SHIT

How much smoke has to come out of the gun?

[JHB]

3. For the third time in three days, the award for most appropriate quote...

...goes to Terminator 2.

""Uhhhh, all of it, I think."

[wishstar]

2. Message deleted by DU the Administrators

[Madam45for2923]

19. Wasn't that to do with Ukraine?

[Achilleaze]

4. the republican Draft-Dodger-in-Chief is sleazeball-deep with the russians

and a corrupt Cabal of Colluding Comrades.

[teezy]

5. What the hell is a nonrepayable loan?

And can someone please tell my bank about it?

[mahatmakanejeeves]

10. Income. It has to be reported by both parties to the IRS.

Last edited Wed May 17, 2017, 04:57 PM - Edit history (1)

IANAL or a CPA, but I wouldn't try to get away with this.

Was this reported on Manafort's holding company's 1040? I can't open the link now, due to a slow connection. I am aware that the return is so complicated that mere mortals cannot comprehend it.

Also, Ilsa in post #6 has it right.

Do any accountants want to chime in?

[lostnfound]

16. If a gift, trump needs to report it as such and pay gift tax..otherwise, just hush money?

I'm sure he has already maxed out his lifetime exemption of $5 M (or $10 M with spouse countered too) through gifts to his kids -- assuming he reported this, which he probably didn't.

Or more accurately, hush money

[Ilsa]

6. So this is about helping the russians launder money. nt

[WinkyDink]

8. For decades. Remember when Rachel told us of some hotel in Kazakhstan or somewhere, a

Trump building, that no-one could actually get to?

[Ilsa]

13. Baku, Azerbijan...

It's in the industrial district, not the tourist district, and you can't drive up to it. TRMS speculated that potential partners in the limited partneeship might include the freaking Iranian National Guard, a conduit for financing terrorism.

[Renew Deal]

11. I agree. Whose money was it? I doubt it was Trump's

[PdxSean]

7. Doh! Why not just write a check?

In the "for" section Trump could have written "Ixnay on the Putinay."

[Sancho]

9. The number of things that Trump and company have done illegally is astounding...

the real question is how many GOPers are going down with him!?

[Lee-Lee]

12. Now, finally, I see something that may take him down

Talk of conspiracy and Russians is sensational, but good old financial and tax fraud is less sexy but the kind of stuff with real teeth.

[lark]

14. Hush $

This is just so stinking deep and vile.

[democrank]

15. K & R

Seems like we're beyond the drip, drip, drip phase and well into open flood gate territory.

[spanone]

17. no repay? that's not a loan....that's a bribe

[dalton99a]

18. For his minor role and minimal involvement in the Trump campaign

[Madam45for2923]

20. I'd like to order some Trump taxes por favor!

[dembotoz]

21. How can I get one of them?

Even better than the lottery cause u don't have to buy a ticket

[lostnfound]

22. Title is inaccurate. Don't know who it's actually from.

Trump partnered with the outfit but that doesn't mean it was trump money. Could be Russian money.