Donald Trump Twice Paid No Federal Taxes, Government Report Shows

In the late 1970s, Trump paid nothing to the IRS

The regulators "did not ascertain any inconsistent or questionable matters" in Trump's returns, they wrote.

The findings were included in a report obtained by ABC News and verified by the New Jersey Casino Control Commission. Although the regulators viewed Trump's tax returns from 1975 to 1979, they did not include the actual returns in their report to the commission.

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In 1979, Trump's negative $3.4 million in income and zero tax liability stemmed for the most part from losses on real-estate holdings in New York City, the report states.

"The Division notes that in 1978 and 1979 Trump incurred no federal income tax liability. In 1979, the lack of such liability is primarily attributable to losses incurred by Trump in the operation of rental properties located at Third Avenue, Fifth Avenue, East 56th Street, East 57th Street, East 61st Street and East 62nd Street, New York City, New York," the New Jersey Department of Law and Public Safety Division of Gaming Enforcement wrote in its report to the state Casino Control Commission.

The IRS has said previously that it does not discuss individual tax matters.

Candace Smith contributed to this report.