POLITICS Trump’s tax returns released by House Ways and Means Committee

The financial records show:

Trump and his wife Melania declared negative income of $31.7 million, and taxable income of $0, on their 2015 return. They paid $641,931 in federal income taxes.
On their 2016 return, the Trumps declared negative income of $32.2 million, and again recorded $0 of taxable income. They paid $750 in taxes.
Trump and his wife declared $12.8 million in negative income in the 2017 return, with $0 in taxable income. They again paid $750 in taxes.
The 2018 return showed a rosier picture for the Trumps’ finances: they declared $24.4 million in total income, and $22.9 million in taxable income. They paid $999,466 in federal income taxes.
Trump and his wife declared $4.44 million in total income, along with $2.97 million in taxable income, on their 2019 return. They paid $133,445 in taxes.
The 2020 return declared negative income of $4.69 million and no taxable income. They paid no tax and claimed a refund of $5.47 million.
The returns show major losses for many Trump properties during the six years. For instance, a 2015 tax return for “DJT [Donald J. Trump] Holdings LLC” showed a $12 million loss for Trump Turnberry Scotland. The Turnberry golf course lost up to millions of dollars each year until the final year of Trump’s presidency, returns show. Trump paid $63 million in his 2014 purchase of the property, according to an Independent report at the time.
Trump’s Washington, D.C. hotel in the Old Post Office building lost millions of dollars each year during his first term in office, tax returns show. The hotel was a hub of activity for Trump allies and others who hoped to curry favor with the former president, and GOP-aligned political committees spent tens of millions of dollars there. Trump’s company completed a deal to buy the building in 2013, arranging for a 60-year lease agreement and putting about $200 million toward developing it into a hotel. NBC News reports the property lost more than $70 million while Trump was in office. The Trump Organization announced earlier this year that it had closed a $375 million sale of the Old Post Office property.
Trump reported foreign bank accounts in the United Kingdom, Ireland and China on his returns from 2015 through 2017. The 2018 through 2020 returns list only an account in the U.K.