Photo illustration: Aïda Amer/Axios. Photos: Stefan Rousseau (AFP), Jabin Botsford (The Washington Post)/Getty Images
Newly released IRS documents revealed former President Donald Trump’s sprawling empire was awash in a sea of red ink from 2015-2020.
- Over six years, Trump’s primary holding company, known as DJT Holdings LLC, accumulated in excess of $313 million in reported losses.
Why it matters: The documents were released by House Democrats on Friday, the culmination of a years-long effort waged by Trump to keep them concealed.
By the numbers: During the period covered by the tax returns, DJT Holdings was in the red by tens of millions each year.
- 2015: -$34,146,723
- 2016: -$64,497,128
- 2017: -$57,865,495
- 2018: -$53,474,978
- 2019: -$43,637,068
- 2020: -$59,945,432
- In total, Trump’s complex business and real estate interests had racked up a staggering cumulative loss of $313,566,824.
Yes but: During each of those years, DJT Holdings reported assets north of