LEE KRAMER'S ROOM: With Views

[hap0206]

His tax returns will not show anything about his wealth -- the wonderful thing about real estate is that you get to write-off (depreciate) the cost of the improvements on your tax returns and financial statements (not part of the TR) and, all the while, every year, the property increases in value (appreciation)

and, when you sell the property

capital gain rates (15%) on the appreciation

my guess is that his tax returns most likely show losses -- the IRS audits him every year

and all those losses listed in your post -- almost every one, a tax deduction --

most are business losses, they generate "net operating loss carry-forwards", good for years and years

I suspect he will release his tax returns whenever it is to his advantage to send the MSM on a frenzied witch hunt

Huge LOL

hap