How Jared Kushner Avoided Paying Taxes - The New York Times

[Frank de Jong]

Step 1: The Purchase

Kushner Companies buys a property. The majority of the money for the purchase comes in the form of mortgages and personal loans from banks.

Step 2: The Write-Off

Under the federal tax code, real estate investors can write off the purchase price of the building — excluding the cost of the land — over a period of decades. Although Kushner Companies has spent little or no cash of its own, the firm takes large annual deductions based on the theoretical depreciation of the building. 

Read the full article and weep or explode in outrage or do a little of both. Heather

https://www.nytimes.com/2018/10/13/business/kushner-paying-taxes.html?action=click&module=Top%20Stories&pgtype=Homepage