Nothing to see here. Trump's just "storing" his self-portraits for future charity work.

[Tommy_Carcetti]

https://www.washingtonpost.com/news/post-politics/wp/2016/09/27/trump-is-actually-doing-his-foundation-a-favor-by-storing-its-portrait-his-golf-resort-wall-his-adviser-says/



Trump is actually doing his foundation a favor, by ‘storing’ its portrait on his golf resort wall, his adviser says

By David A. Fahrenthold

September 27 at 4:56 PM


An adviser to Donald Trump on Tuesday offered a new explanation for why a portrait of Trump — paid for by the Republican nominee's charitable foundation — wound up on display at a Trump-owned golf resort in Florida.

Trump, the adviser said, was actually doing his charity a favor, by "storing" its painting on the wall of a bar at Trump National Doral, outside Miami.

"There are IRS rules which specifically state that when a foundation has an item, an individual can store those items — on behalf of the foundation — in order to help it with storage costs," Trump adviser Boris Epshteyn said on MSNBC. "And that's absolutely proper."

MSNBC's Hallie Jackson pressed Epshteyn. Was he really talking about the $10,000 portrait that was recently discovered — by an Univision journalist — at the Champions Bar and Grill? "You're telling me that that is storage, for Mr. Trump?" Jackson.

"Right, of course, he’s doing a good thing for his foundation," Epshteyn said.

[jberryhill]

1. I hope he charges storage fees or takes a deduction for the cost of storage

What a swell guy.

[Jim__]

2. Definition of self-dealing

From the Free Dictionary:

The conduct of a trustee, an attorney, or other fiduciary that consists of taking advantage of his or her position in a transaction and acting for his or her own interests rather than for the interests of the beneficiaries of the trust or the interests of his or her clients.

Self-dealing is wrongful conduct by a fiduciary. A fiduciary is a person who has duties of Good Faith, trust, special confidence, and candor toward another person. Examples of fiduciary relationships include attorneys and their clients, doctors and their patients, investment bankers and their clients, trustees and trust beneficiaries, and corporate directors and stockholders. Fiduciaries have expert knowledge and skill, and they are paid to apply that knowledge and skill for the benefit of another party. Under the law, a fiduciary relationship imposes certain duties on fiduciaries because a fiduciary is in a special position of control over an important aspect of another person's life.

[yellowcanine]

3. I knew this had to be Boris. The man is an idiot.

[spiderpig]

4. I have to admire Boris is an otherworldly way.

He lies and lies without stopping for breath.

Where do they find these people? (under what rocks?)

[lonestarnot]

5. Univision. Karma can be a real dose tRump.

[Bernardo de La Paz]

6. It's like a Monty Python "Dinsdale" skit... or the Parrot pining for the fjords. . . . . nt

[Cracklin Charlie]

7. Oh, no he ditnt!

Into The Whirl Pool goes the story of the Trump portraits!

[Gothmog]

8. Trump's defenses are getting silly

[niyad]

9. just as a matter of curiosity, how much alcohol, or how many drugs, does one have to take before

any of that bs actually sounds believable, and NOT a steaming pile of. . . .

[bettyellen]

11. I imagine Trump would have to be really high on cocaine to think that sounds plausible

[mahatmakanejeeves]

10. This is what happens when you get your CPA online from ITT Technical Institute.

"It's hard to make an IRS auditor laugh. But this would do it."

that tweet links to the article in the WaPo:

Tax experts were not impressed by this reasoning.

"It's hard to make an IRS auditor laugh," Brett Kappel, a lawyer who advises nonprofit groups at the Akerman firm, said in an email. "But this would do it."

Y-u-u-u-g-e shoutout to David Fahrenthold:

Let's have some credit for the reporter, David Fahrenthold.

David A. Fahrenthold covers the 2016 presidential campaign for The Washington Post. He has been at the Post since 2000, and previously covered Congress, the federal bureaucracy, the environment, and the D.C. police.  Follow @Fahrenthold

[e-mail]

https://twitter.com/Fahrenthold



David FahrentholdVerified account

@Fahrenthold

Washington Post reporter. Follow my search for Donald Trump's charitable giving here: http://goo.gl/lWzsoU

Washington, DC

washingtonpost.com

Joined July 2009

Also, let's mention Rosalind Helderman, who has assisted Fahrenthold on at least one article:

https://twitter.com/PostRoz



Rosalind HeldermanVerified account

@PostRoz

Political investigations and enterprise reporter for @washingtonpost. Email me at [e-mail] and see more about me at http://wapo.st/1hcF2bZ .

Washington, DC

washingtonpost.com

Joined May 2011

[e-mail]