Up In Smoke
Well-Known Member
The question wasn't how the valuation was derived, but where the number came from. Mar A Largo is a private club and may run as a not for profit entity. Trump owns the property, but entered into an operating/licensing agreement with PBC.There’s a lot more to it than that, if you care to be objective about it.
The tax codes allow one to value a business less its expenses; they vary and have thousands of exceptions.
I thought you knew about $$