“Donald Trump could claim up to $323 million in federal income-tax deductions for promising not to build on one of his golf courses in Florida,” according to the Wall Street Journal.
“The move to protect the Blue Monster golf course at Trump National Doral Golf Club might have helped the former president lower the tax bill on the sale of his hotel in Washington in 2022, and it provides a glimpse into the Republican presidential front-runner’s finances since he left the White House in 2021.
The transaction on the 184-acre Miami-area property is by far Trump’s largest known use of the conservation-easement tax break, which has previously prompted questions from state officials and the Internal Revenue Service. It is more than 10 times bigger than his similar deals in California and New York.”
