News for hackers. Stuff that matters.

A comment on Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance. Parent comment

Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by ENOTTY on Sunday September 27, 2020 @09:37PM (#24612048)
This is briefly discussed in the NYT article. Apparently some of the loans are borrowed against his personal holdings.
[ Parent | on HN ]
Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by cm2187 on Monday September 28, 2020 @06:30AM (#24615116)
That may be the case but I would be surprised the NYT would know, unless they have seen the terms of the loan.
[ Parent | on HN ]
Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by digitaltrees on Tuesday September 29, 2020 @04:25PM (#24632527)
No. Recourse loans are listed on tax filings separately from non-recourse. The personal guarantee means it shows up on personal income statements. So no other records are needed.
[ Parent | on HN ]