Donald J. Trump: Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation

Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered “tax shelter,” ……

— Donald J. Trump (@realDonaldTrump) May 8, 2019

Source: Twitter