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Because his businesses were organized as partnerships, the results all flowed directly to his personal tax return. For 1986, Trump reported income from his core businesses of negative $68.7 million. It was not an anomaly. He carried over another $42.4 million in losses from the prior year. He reported $2.7 million in wages, a salary he had paid himself.
Lucky Loser: How Donald Trump Squandered His Father's Fortune and Created the Illusion of Success
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