The lawyers or business people here can correct me. but it seems to me that Trump is being treated badly in the matter of his taxes by what Giuliani IMO correctly called the Clinton campaign branches at CNN. MSNBC, the NY Times. etc. Giuliani was being abused at the time by Jake Tapper.
According to the wiki linked below on the Trump Organization (TO), this business entity is privately held, is a holding company for Trump's many assets and is 100% owned by Donald Trump.
That being the case the TO can be organized in a couple of ways:
1. As a sole proprietorship. In that case the income and liabilities of TO are an extension of his household and solely his personal tax responsibilities.
2. As an S-corporation. This would provide him with some liability protection in operations but would treat all revenues and losses as his and require him to accept these as personal income and losses to be settled at the end of each tax year.
In the context of the disintegration of the casino industry in Atlantic City, New Jersey in the mid-90s, it is not difficult to understand how he could have had a loss of $913 million in one year,
US tax law allows a business owner to carry over "unused" losses from one tax year to the next for 18 years. The remaining "unused" losses are applied in the following years' tax returns until exhausted or time runs out.
This is not rocket science. What was he supposed to do, eat the loss?
Remember I am a supporter of the Libertarian ticket. pl