Trump reported $1.4 billion in losses to IRS, report says

Donald Trump reported $1.17 billion in financial losses to the IRS between 1985 and 1994, a massive run of red ink that kept him from paying income taxes during most of that period, according to a report published late Tuesday in The New York Times.The Times said it had documented those losses by obtaining official IRS tax transcripts for those years, showing the figures Trump reported on his IRS Form 1040 returns. The scope of those losses was such that, "year after year, Mr. Trump [...]