Bombshell NY Times report claims Trump could owe $100M after double-dipping on tax claims
Raw Story - 2024-05-11T14:36:24.000Z

Former President Donald Trump could owe the IRS more than $100 million after claiming dubious tax breaks on his skyscraper in Chicago, a bombshell New York Times report revealed Saturday.The Chicago Tower — Trump’s most recent major construction project and completed in 2009 — has been a huge money

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Audit: Trump may owe $100M from double-dip tax breaks
Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million.
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- 2024-05-11T19:45:00.000Z
Trump's finances under fire AGAIN as it's revealed he may owe $100M after 'double dipping' on tax breaks
The IRS was reportedly probing tax deductions related to Trump Tower Chicago. The former president declared the building was 'worthless' in 2008. He netted tax breaks but is alleged to have written off the same losses in 2010
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- 2024-05-11T17:43:24.000Z
Trump audited for double-dipping tax breaks on Chicago’s Trump Tower: report
ProPublica and the New York Times found the former president could end owing the IRS more than $100 million for claiming the same massive losses twice on his namesake River North tower.
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- From Chicago Sun-Times
- 2024-05-11T16:52:37.949Z

In related news

Audit: Trump may owe $100M from double-dip tax breaks

Trump's finances under fire AGAIN as it's revealed he may owe $100M after 'double dipping' on tax breaks

Trump audited for double-dipping tax breaks on Chicago’s Trump Tower: report