Business racked up millions in losses

Photo illustration of President Trump isolated with a long shadow, looking defeated.

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

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