Tax & Business Services Partner-in-Charge Joseph Perry discussed tax deductibility for Donald Trump with the Wall Street Journal.
The Wall Street Journal
By Richard Rubin and Laura Saunders
Donald Trump has put his wealth and the success of his business empire at the center of his presidential campaign. But what if the complexity of that enterprise—packed with opportunities for write-offs and deferred profits—means he reports relatively little taxable income?
Deductible expenses can include labor, supplies and equipment or items where it is hard to separate Trump the business from Trump the man, such as his jet or perhaps even the maintenance of his famous coiffure, said Joseph Perry, a partner-in-charge at accounting firm Marcum LLP.
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