US President Donald Trump dismisses NYT report on his $1.17B apparent losses in mid-80s as 'Fake News hit job'
President Donald Trump says a New York Times report that his businesses lost more than $1 billion from 1985 to 1994 is"highly inaccurate".
US President Donald Trump on Wednesday dismissed a report that he accrued losses totalling $1.17 billion in a decade when he was promoting himself as a master dealmaker as a "Fake News hit job"., but in a pair of tweets said real estate developers were entitled to "massive write-offs and depreciation."
Trump's federal tax forms from 1985 show he reported $46.1 million in losses from his main businesses, which consisted mainly of casinos, hotels and retail spaces in apartment buildings.
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