Trump holding company reported $313 million in losses from 2015-2020

Former President Donald Trump’s holding company, DJT Holdings LLC, reported a combined $313 million in losses from 2015 to 2020. DJT Holdings LLC losses by year are broken out below.

• $34,146,723 (2015)
  

  Trump’s 1065 form from 2020.

• $64,497,128 (2016)
• $57,865,495 (2017)
• $53,474,978 (2018)
• $43,637,968 (2019)
• $59,945,432 (2020)

The returns also show the company had well over $600 million dollars in assets. 

DJT Holdings LLC listed assets by year: 

• $642,897,322 (2015) 
• $667,691,091 (2016)
• $674,043,460 (2017)
• $663,943,672 (2018)
• $634,748,241 (2019) 
• $577,686,103 (2020)

Trump’s 2020 1065 schedule B form showing the long list of LLCs it holds.

The 1065 Schedule B form shows this holding company owns more than 80 LLCs, which cover  properties like the Trump National Golf Club Washington, D.C., management companies for his hotels in Miami and Chicago, a production company and restaurants.

Trump said in a statement that the tax returns, “show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises.” 

This information was revealed with a massive release of his tax returns by the House Ways and Means Committee that cover his personal and business earnings from 2015 to 2020.

“Our voluntary collection relies on the public confidence that our tax laws are applied evenly and justly, regardless of position or power. For four years, the Committee has been reviewing how the IRS enforces the federal tax laws against, and ensures compliance by, a president,” Ways and Means Committee Chairman Richard Neal, D-Mass., said in a statement. 

Neal and Committee Democrats are proposing legislation, the Presidential Tax Filings and Audit Transparency Act of 2022, that they said will improve transparency and the mandatory auditing process for presidents. But the bill is unlikely to pass now that Republicans are taking over the House on Jan. 3, as they opposed the release of Trump’s returns.