In Letter, Trump’s Lawyers Deny That the President Gets Any Income From Russia

Scope of unreleased financial returns has some notable exceptions, however.

May 12, 2017 3:18 pm
Donald Trump
US President Donald Trump. (Mandel Ngan/AFP/Getty)

President Trump’s lawyers released a letter today addressing the president’s personal tax returns, shining a bit more light on his complicated financial portfolio.

According to the Associated Press, the letter, which did not include any copies of the president’s tax returns to be independently verified, was made public amid an ongoing FBI investigation into the Trump campaign’s possible collusion with Russia during the 2016 election.

The lawyers claim that the past 10 years of President Trump’s returns do not reflect “any income of any type from Russian sources,” with exceptions made for previously cited income that came from the 2013 Miss Universe pageant, which was held in Moscow, as well as a property sold to a Russian billionaire in 2008 for $95 million.

However, the letter include some other notable caveats. The lawyers said that the president’s last 10 years of returns would not reflect equity investments by Russians in entities controlled by President Trump, or any debt owed by the president to any Russian lenders.

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