Donald Trump double-dipped on tax breaks stemming from losses on his Chicago skyscraper, an ill-conceived move now sending him further into the hole.
Per ProPublica and New York Times reporting on an Internal Revenue Service inquiry, Trump International Hotel and Tower, completed in 2009, opened amidst economic downturn and led to massive losses for Trump. But he engaged in accounting maneuvers to effectively double the tax benefits stemming from those losses, the report says.
