Cleveland Heights, Ohio — I’m like Donald Trump, somewhat. We both inherited buildings from our fathers. I’ve kept my father’s properties and bought a couple more buildings. For my first couple of years I had “loss carry-forwards.” I lost money and paid no federal taxes.
Some dads teach their sons fishing. My dad taught me to do taxes.
He kept two sets of books — one pencil, one ink. Self-made guys, like my dad, often kept two sets of books, a retired accountant later told me. The second-generation, like me, usually goes legit, he said.
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