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<blockquote data-quote="Benben" data-source="post: 4451530" data-attributes="member: 25133">The thread is &quot;President tRump&quot; and you keep trying to deflect the attention to Biden.&nbsp; Ever ask yourself why you have to keep doing this?The rich (like TRump and his son-in-law with Nepotism Barbie) buy a property.&nbsp; They then take all the deprecation at once (first year) for a massive loss on paper instead of extending it out over years where it &quot;may&quot; actually decrease.&nbsp; Now any profits they make from rent, leases or a sale of that property or any property for that matter amounts to 0 tax liability!!!!&nbsp; Worse, they can claim this loss for years to offset any profits they make!!!&nbsp; When the &quot;loss&quot; is offset they then refinance the property, can&#039;t they do this all over again?This is what real estate investors did for years to get richer until the law was changed.&nbsp; Now it is back because the corona virus bail out snuck this in inside an almost 1000 page bill to benefit those like tRump.Now that you are informed the question that begs to be asked is:&nbsp; Why has tRump fought so hard to hide his tax returns and lied about wanting to release them but can&#039;t because they are under audit?</blockquote>

[QUOTE="Benben, post: 4451530, member: 25133"] The thread is "President tRump" and you keep trying to deflect the attention to Biden. Ever ask yourself why you have to keep doing this? The rich (like TRump and his son-in-law with Nepotism Barbie) buy a property. They then take all the deprecation at once (first year) for a massive loss [B]on paper [/B]instead of extending it out over years where it "may" actually decrease. Now any profits they make from rent, leases or a sale of that property or any property for that matter amounts to [B]0 tax liability!!!! Worse, they can claim this loss for years to offset any profits they make!!! When the "loss" is offset they then refinance the property, can't they do this all over again? This is what real estate investors did for years to get richer until the law was changed. Now it is back because the corona virus bail out snuck this in inside an almost 1000 page bill to benefit those like tRump. Now that you are informed the question that begs to be asked is: Why has tRump fought so hard to hide his tax returns and lied about wanting to release them but can't because they are under audit? [/B] [/QUOTE]

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