“Actually the NY Slimes reported on the same thing in 2016, that Trump lost a lot of money and hardly paid any taxes..so why is this news now”
They think that they’re going to set a trap for him?
It’s called taking a big bath. Every single business does this. You have a bad year and then say what the hell, sell that failing business and take the big capital loss to use for many years later.
People do it too when stocks crash. You sell at a big loss, invest it in something else and in a few years later make it all back and more but that original big loss is still on the books saving you tons of money.