Quote Originally Posted by Rogar View Post
An article I was reading separated carry over losses from real estate loop holes.
I saw an accountant on CNN who said that at the time of Trump's filing there was a real estate loophole that has since been closed where you could actually write off the loss even if it was funded by debt! So if the lender lost the money and took the hit, the debtor could (at that time) still take the write-off. So Trump may have carried over his leverage. Crazy.