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Outcome of IRS's $100M claim against Trump by 2025
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Resolution / Starting Odds
Settled out of court • 33%
Paid in full • 33%
Dismissed • 34%
Court records, IRS statements, or legal documents
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Trump Faces $100M IRS Bill for Double-Dipping Tax Breaks on Chicago Tower
May 11, 2024, 02:37 PM
The IRS has concluded its investigation into Donald Trump's tax filings and found that the former president may owe over $100 million due to improper tax breaks claimed on his Chicago skyscraper. The issue centers around allegations that Trump claimed massive write-offs twice for the same losses, initially in 2008 with losses up to $651M and again in 2010 after transferring ownership to a controlled partnership, declaring an additional $168M in losses over the next decade. This double-dipping could lead to a significant tax bill as uncovered by joint investigations from ProPublica and The New York Times.
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Settlement reached • 33%
Full payment made • 33%
Case dismissed • 34%
Settlement reached • 33%
Full penalties imposed • 33%
Case dismissed • 33%
No additional taxes due • 33%
Tax payment under $50 million • 33%
Tax payment over $100 million • 34%
Pays full amount • 25%
Negotiates reduced payment • 25%
Contests the claim legally • 25%
Ignores the claim • 25%
Trump wins • 33%
Mary Trump wins • 33%
Settlement • 34%
Proceeds • 33%
Dismissed • 33%
Settled • 33%
Convicted • 33%
Settled Out of Court • 33%
Acquitted • 34%
Discharged • 33%
Dismissed • 33%
Ongoing • 34%