Tornado Alley (PROG)

[ForReal]

The LLC will take a major loss and then I can offset my taxable income with my POS LLC.

Add a few rental properties and you can add some asset depreciation, to not only make your rental income tax free, but also take more off you earned income. Real Estate has been one of the most beneficial tax shelters of any business.
You probably know as well, that taxable value of a depreciated asset is also way different than a market appraised value. Therefore loans can be determined by an appraised value and taxes on a depreciated value.

Now, Trump could show huge taxable losses, while pocketing huge profits from properties he owns. In fact, those paper losses shown as debt, can be carried forward for even greater losses. So, unless the NYT did a forensic analysis of the tax returns, much of the ballyhoo is just more bullshit.
As having worked in the banking business, you know all this of course.