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1939

(1,683 posts)

4. I could believe it in 1984.

Reply to kpete (Original post)

Sat Jun 18, 2016, 06:24 PM

Jun 2016

If you were in real estate between investment incentives and accelerated depreciation, you could be making money hand over fist, but showing a loss to the IRS at the same time. One of the best things of the 1986 Roth-Gephardt tax reform bill was the elimination of a lot of the tax dodges available to real estate investors as a tradeoff for reduced marginal rates on various levels of income.

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Highlight:

Donald Trump Bragged to Press He Made a Fortune in 1984, Told the IRS It Was Zero [View all] kpete Jun 2016 OP

Wait until they find the offshore stash of cash he never reported. L. Coyote Jun 2016 #1

And every other Presidential candidate in recent history released tax returns. IllinoisBirdWatcher Jun 2016 #2

I'm sure there is so much stuff people are sitting on right now Doctor Jack Jun 2016 #3

I could believe it in 1984. 1939 Jun 2016 #4

The original Daily Beast article refers to "a Schedule C" ... CaptainTruth Jun 2016 #5

The reason Congress keeps the IRS crippled with overworked people with Rex Jun 2016 #6

Looks like a crime from here. Kingofalldems Jun 2016 #7