Hunter Biden may have made $3-$10 million in bribes. Ivanka and Jared are estimated to have made $640 million. - Conspiracies

Hunter Biden may have made $3-$10 million in bribes. Ivanka and Jared are estimated to have made $640 million. (www.citizensforethics.org)

posted 3 years ago by XavierLinares 3 years ago by XavierLinares +1 / -11

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– KiloRomeo 3 points 3 years ago +3 / -0

But we discovered that she still made up to $1 million from it in 2019 despite the fact that she claimed it no longer existed.

This is probably due to depreciation the property. You're able to do this even if the business shut down. The justification is that eventually the asset will need worth $0 since maintenance costs will exceed the cost of the initial investment.

EDIT: Changed word "discussing" to "depreciation"

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– XavierLinares [S] -2 points 3 years ago +1 / -3

probably

That word is doing a lot of heavy lifting there buddy.

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– KiloRomeo 2 points 3 years ago +2 / -0

It's very common look up the 27.5 year depreciation rule. Virtually every property investor uses it, they'd be silly not to.