President Trump had more than $270 million in debt forgiven after not repaying lenders the NYT reports.
According to The New York Times, President Trump's income tax records showed he owed hundreds of millions of dollars to banks and hedge funds used to finance the construction of a luxury skyscraper in Chicago. After failing to repay the loans, his lenders have forgiven about $270 million in debt since 2010.
The New York Times
@nytimes
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Donald Trump got about $270 million in debt forgiven — and largely avoided taxes on it — when his Chicago tower proved a disappointment, records show.
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