Overview
Peter Faber said that while it’s “common” for real estate investors to show tax losses, the $916 million loss shown in Donald Trump’s 1995 state tax return published by The New York Times “would be unusual” in magnitude. Mr. Faber added his opinion that the newspaper, one of his tax clients, “did nothing improper” by publishing the return. “It did not steal documents — it simply received them in the mail,” he noted. “The disclosure did not jeopardize national security.”