Donald Trump's 1995 Tax Returns Leaked to New York Times

The records show a $916 million dollar loss, potentially allowing him to avoid paying income taxes for up to 18 years.
4:45 | 10/02/16

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Transcript for Donald Trump's 1995 Tax Returns Leaked to New York Times
Making headlines on several fronts but right first there's this the big headline in the New York Times this morning the paper has obtained. What it says is Donald trump state tax return from 1995. It shows a loss of 916. Million dollars. That is large enough the paper says that trump may not have had to pay. Federal income taxes for nearly two decades and the other trump story this morning and overnight speech in which he unleashed on Hillary Clinton out and usually scathing terms. Even by trucking in standards even going so far as to say that she is not loyal. To her husband we have it all covered this morning we'll be talking to the reporters who broke that Biggs tax story and George. Of course is standing by with his analysis but we begin here but ABC's Mary Bruce who is in Washington with the latest Mary good morning. Good morning while that. Linton campaign is calling this a bombshell Donald Trump's taxes and his refusal to release them. Amid a central issue in this campaign and now this morning for the first time we're getting a look at some of his actual returns. Now we could have transformed a red ink into a huge benefit. This morning the New York Times reporting Donald Trump could have avoided paying federal income taxes for you. Years. Fragmented state records sent anonymously to the times reportedly show that in 1995. Trump declared more than a 900 million dollar well. Ross the result of the financial wreckage of three casinos his airline business and the purchase of New York's plaza hotel and the deduction so large it could have allowed trump to legally avoid paying federal income taxes for up to teen years. Trump didn't deny it on last week's debate stage. They show him. He didn't pay any federal income tax so that make it he's RA Andy isn't denying it now. His campaign saying in a statement that mr. trump is a highly skilled businessman who has a fiduciary responsibility. To his business his family his employees to pay no more tax than legally required. Well I'll tell you what if not pay taxes make some Smart what does that make the rest of us. Breaking with president trump has repeatedly refused to release his tax returns until a routine audit is complete at some point we're release has no rush why is this such a rush I'm supposed to rush like crazy. Until he does Clinton is hammering the billionaire businessman for hiding his financial dealings. It's probably true he hasn't paid a penny in federal taxes. Actually support our military or our bats our schools. Now this morning the Clinton Campaign is blasting trump saying the times report shows he avoided paying taxes. While working Americans paid there as they say it's all the more reason. Why he should go ahead and release his full returns Dan. Mary thank you joining us now are two of the New York Times reporters who broke this story rescued near and meg and Julie. Welcome to you both thank you for coming in mainly start with you if you will who sent these documents have any idea. Well that's that remains a mystery. A week ago Friday. My colleagues Steve Craig. Went to her mailbox and a week ago Friday there was an envelope. Tight temper. Front that came from so it was said to have come from the Trump Organization. And she opened it and there were tax return records for I'll try the hot you know these returns are legit. Well that's I mean there's a reason so she received those and we published her story last night so there was a lot of work that went. In between her receiving and us publishing the story. And I think the big breakthrough for us came midweek when our colleague David are so. Travel to Florida and actually met with Trump's accountants the man whose signature was on. One of the forms that we received. Would prepared his taxes in 1995 thinking it could confirm that yes in fact these records are legitimate. Restaurants attorney as you know he quoted him in the article as is threatening to sue here because he says the trump did not authorize this disclosure. Does the attorney had a case. Not as far as our attorneys are concerned. Now you can commit a crime if you steal a document like that obtained illegally maybe but opening your mail boxes crimes. It trump has said when when confronted with the possibility that he may not pay federal income taxes that that makes him Smart. From a the perspective of a businessman does he had a case there. It does that's open to judgment right it's definitely. A line of of tax avoidance that's open to people who owned businesses through partnerships. Many would be Smart if he had access to it to do it. I think people who paychecks apportion them go to the federal government every week whether they've. Do anything or not might view that differently press thank you Megan thank you really appreciate them in this morning.

This transcript has been automatically generated and may not be 100% accurate.

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