Trump's Tax Deductions Show His Business Is Personal

Talking Tax

English - October 01, 2020 19:57 - 16 minutes - ★★★★ - 96 ratings
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One of the main takeaways from The New York Times' bombshell report unveiling the President's tax returns is that the line between his business and personal filings is nearly nonexistent.
However, Bloomberg News' Laura Davison says that's pretty common for people like Donald Trump who are in the real estate and development business and own their own closely held family business.
On today's episode of Talking Tax, Laura speaks with host Amanda Iacone about Trump's taxes and about how professionals in the tax field are reacting to the newest revelation.

One of the main takeaways from The New York Times' bombshell report unveiling the President's tax returns is that the line between his business and personal filings is nearly nonexistent.

However, Bloomberg News' Laura Davison says that's pretty common for people like Donald Trump who are in the real estate and development business and own their own closely held family business.

On today's episode of Talking Tax, Laura speaks with host Amanda Iacone about Trump's taxes and about how professionals in the tax field are reacting to the newest revelation.