By Dennis Lynch
In 2016, (click here) Los Angeles County's assessment appeals board valued the estate on North Canon Drive at a little over $6 million... Trump’s tax attorney Wade E. Norwood argued the home was worth $6 million...
The Trump Organization (click here) has sold one of its last remaining properties in Los Angeles, a home on North Canon Drive in Beverly Hills.
The company, now controlled by President Trump’s son Donald J. Trump Jr., sold the home at 809 N. Canon Drive for $13.5 million, property records show. It was an off-market sale.
The buyer was an entity named Hillcrest Asia Limited, according to L.A. County records.
In 2007, the Trump Organization paid $7 million for the home. The company also once briefly owned the mansion next door on 806 North Canon Drive....
Have the Trump's always lived in company owned property?
...Trump’s son Eric Trump — who is also an executive vice president at the Trump Organization — called it “a beautiful home that our family enjoyed for many years.” But, he added, “given my father’s presidency and our hectic schedules, our family has not had the chance to enjoy the property in recent years and it has seen minimal use. As such, it simply made sense to sell.”...
That was convenient. Have the wife content at home while visiting mistresses across the street.
...The 809 North Canon home also stands directly across from the Beverly Hills Hotel. As has been widely reported, that was the location where now President Trump is alleged to have had affairs with former Playboy Playmate Karen McDougal and porn star Stormy Daniels. It was also where a third woman, Summer Zervos, alleged he assaulted her. President Trump has denied the claims by all three women....
It seems to me there is double speak about the Trump Company properties.
When is a home not a home? When it is owned by the Trump Company. The article below is over a year old before the Beverly Hills property was sold. The Trump Organization doesn't seem to stop lying. The golf course could not possibly be the ONLY income property. If the golf course is the only property identified as a business, then why are residential properties, obviously used for the occupation of the family, owned by The Trump Company?
I guarantee you the IRS filings will show costs of depreciation, costs of maintenance and taxes paid all as business deductions by the company. There has to be significant tax fraud in The Trump Company filings. A residence can't be owned by a family business and still be a residence.
The penthouse at The Trump Tower in NYC is occupied by the family. That is a section of the building that is a residence and not a tax deduction, especially after the Tax Law passed by Trump and the majority Republican Senate and House.
The point is there is plenty to be examined in Trump's tax returns.
May 18, 2018
By Dennis Lynch
President Donald Trump’s lone Los Angeles County property (click here) brought in $20 million in income last year, according to his annual financial disclosure released this week.
While Trump owns a home in Beverly Hills, his Trump Organization owns one commercial venture in L.A.: the 250-acre Trump National Golf Club Los Angeles and the adjoining Estates at Trump National luxury development in Rancho Palos Verdes.
The golf club earned $7 million less than it earned in 2016 and 2015.
RPV Development LLC, Trump’s wholly owned entity that legally owns the golf course and housing development, brought in roughly $11.6 million in “golf-related revenue” and another $9.3 million from “land sales,” in 2017, according to the disclosure.
The property is worth “over $50 million” and its assets include unsold lots, according to the disclosure form.
Trump’s top-earning property nationwide is the Trump National Doral Golf Course in Miami, which took in $74.7 million last year.
Trump also took in around $100 million in total from his New York properties, but the disclosure form doesn’t suggest any one property topped $10 million in income....
