Trump Gave $750,000 To Daughter Ivanka Trump In ‘Consulting Fees,’ Tax Records Show
The New York Times report of President Donald Trump‘s federal income taxes — which found that he had only paid $750 in federal income taxes in 2016 and 2017, and no income tax at all for 10 of the 15 years leading up to his presidency — also showed that he wrote off $26 million in unexplained “consulting fees” between 2010 and 2018.
One disclosure showed that nearly $750,000 of consulting fees went to his daughter, Ivanka Trump.
According to the Times, the names of the consultants are not identified in the tax records, but a financial disclosure from Ivanka Trump when she joined the White House staff in 2017 showed that she received payments from a “consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.”
The Times reporting showed two things: that Ivanka Trump appears to have acted as both a project manager for the Trump Organization and as a consultant, and that the consultant status permitted Donald Trump to write off about $750,000 as business expenses.
It is unclear where the other $25 million or so in consulting fees went to, as the tax returns report did not specify to whom the money was paid. Ivanka Trump’s bit was only figured out through matching her financial disclosure form when joining the White House staff.