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ksoze

(2,068 posts)
Sun Oct 2, 2016, 06:51 PM Oct 2016

If it's Trump's personal return, what's this "he'll get sued" BS?

Noted the defense today from Trumps surrogates is that he had to take the deductions or else he could be sued by investors. If it was a corporate return, I understand. But if we are talking about his personal return, if he personally does not take the carry forward deductions from his flow through business income, who would sue? Sounds like a BS defense.

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mothra1orbit

(231 posts)
1. Glad somebody else noticed this
Sun Oct 2, 2016, 07:22 PM
Oct 2016

What "fiduciary responsibility" does he have to fulfill with his personal tax return?

Plus, I'm tired of being told not to ask about tax returns because I won't understand a schedule C.

 

bettyellen

(47,209 posts)
2. They BS about rules al the time- claiming Trump MUST charge for facilities used for charity, that
Sun Oct 2, 2016, 07:29 PM
Oct 2016

The IRS won't let him show his returns if he is being audited , it's endless.

Kathy M

(1,242 posts)
4. Not knowing what his agreement is with banks / investors ...... he very likely could be threatened
Sun Oct 2, 2016, 09:31 PM
Oct 2016

or threatening the sued stuff ...... Might be time for banks /investors to speak up as to what Don's job really is / has been .......

from transcripts that aired on a Cnn special on Don " All business the Essential donald Trump "

" BORGER: Trump makes the point of saying he never went personally bankrupt, but there's a reason why the banks decided to keep Trump whole.

POMERANTZ: We made the decision that he would be worth more alive to us than dead. Dead meaning, in bankruptcy. We don't want him to be in bankruptcy. We want him out in the world selling these assets for us.

BORGER: So you wanted him alive because he was a salesman and could best sell his own properties.

POMERANTZ: That's correct. We kept him alive to help us. "

http://www.cnn.com/TRANSCRIPTS/1609/05/se.02.html

Cicada

(4,533 posts)
5. You are right. NOL choices have no impact on his partners.
Sun Oct 2, 2016, 09:56 PM
Oct 2016

Only choices on joint ventures of various kinds impact others.

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