From what I understood, Trump did a lot of stuff as a sole proprietor with a ton of single member LLCs. Lots of those get reported in your personal income taxes, so there are likely a lot of business things mixed in. ( I could be wrong on this )
This is how most real estate businesses are set up. The propety holding company is an S-corp LLC and the operating company is the financially complicated entity (because it has a lot of employees, short term debt to pay bills for the NNN leases they operate for the holdco, etc.).
From what I understood, Trump did a lot of stuff as a sole proprietor with a ton of single member LLCs. Lots of those get reported in your personal income taxes, so there are likely a lot of business things mixed in. ( I could be wrong on this )
This is how most real estate businesses are set up. The propety holding company is an S-corp LLC and the operating company is the financially complicated entity (because it has a lot of employees, short term debt to pay bills for the NNN leases they operate for the holdco, etc.).