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Trump's lawyers say tax returns show little income from Russian sources

Staff Writer |
A review of President Donald Trump's tax returns from the past 10 years showed no income from Russian sources outside of a few exceptions.

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The review indicated he did not owe money to Russian lenders, his lawyers said in a letter released by the White House on Friday.

The letter, dated March 8, said the tax returns did not reflect any Trump income from Russian sources, aside from money earned during the 2013 Miss Universe pageant in Moscow and the 2008 sale of a Florida estate to a Russian billionaire.

Trump's businesses also may have earned "immaterial" amounts of money from Russians over the years through ordinary sales transactions, including condominium rentals or sales, hotel rooms, rounds of golf, or sales of Trump-licensed products, Sheri Dillon and William Nelson, attorneys at Morgan Lewis and Bockius, said in the letter.

The tax returns also did not reflect any payments by Trump or his businesses to Russian lenders, any Trump investments in Russian firms or any investment by Russians in Trump's companies, the letter said.

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