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Politics : Formerly About Advanced Micro Devices
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sylvester80
To: Tenchusatsu who wrote (1136244)5/23/2019 10:53:55 PM
From: Heywood401 Recommendation   of 1585247
 
Why don't you think interest would be all that much?

FatRump used 14% junk bonds for financing Taj Mahal, so his losses might actually be the interest.

Of course, interest payments are not a paper write-off like depreciation.

Interest payments are real expenses, thus would represent real losses.

14% on $1B worth of junk bonds is $140M/year, which is in the ballpark of what was reported.

We'll see soon.

However you want to label FatRump vs. Waters intelligence, FatRump didn't want to give her his records, but she compelled him to.

Waters beat FatRump at his own game.

Here's the IRS form that shows the type of expenses that are deductible (lines 5-19)

irs.gov

I've been filling out that form for multiple properties for decades.

I look forward getting a look at FatRump's filings.
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