lawfag here have quite a bit of tax education esp in real estate

potus has the exact normal profile of all developers with one - well its not an exception really as most developers have bomb losses from titme to time like potus did apparently in atlantic city

fine - they all take the losses

the ONLY legal issue is the treatment of that loss and whether or not trump recd. anything of value that weould reduce or effect that deduction

he says no

irs say yes

its litigation and for 10 years? (PS that is NOT an audit - which is a seperate issue and I am sure potus technically IS under audit every year BECAUSE of this litigation - doesnt mean irs is challenging every year but keeping options open until BIG case is decided

these cases take time but 10 years is a very unusual and smells bad

sumpin up there NO reason it cannot have gone to trial by now in tax court