Trump’s Accountants Release Letter Showing Trump Received NO INCOME From Russia
A new letter that came out recently reveals that President Trump received NO income from Russia.
In a letter dated March 8, 2017, sent from Morgan Lewis’ Sheri A. Dillon and William F. Nelson, who claim in the document to “have served as tax counsel to [Donald Trump] and The Trump Organization (’TTO’) continuously since 2005,” reaffirm the stance taken by President Trump and his associates that POTUS did NOT receive any income from Russia. Period.
The major takeaway from this document is the final paragraph, which is transcribed in full below:
“With a few exceptions – as detailed below – your tax returns do not reflect (1) any income of any type from Russian sources, (2) any debt owed by you or TTO to Russian lenders or any interest paid by you or TTO to Russian lenders, (3) any equity investments by Russian persons or entities in entities controlled by you or TTO, or (4) any equity or debt investments by you or TTO in Russian entities. The exceptions are: (1) in 2013, the Miss Universe pageant was held in Moscow, and of the $12.2 million of foreign income that it earned that year, a substantial portion of it was attributable to the Moscow event; (2) in 2008, Trump Properties LLC sold an estate in Florida, that it had acquired in 2005 for approximately $41 million, to a Russian billionaire for $95 million; and (3) over the years, it is likely that TTO or third-party entities engaged in ordinary course sales of goods or services to Russians or Russian entities, such as sales / rentals / fees for condominiums, hotel rooms, rounds of golf, books or Trump-licensed products (e.g. ties, mattresses, wine, etc.) that could have produced income attributable to Russian sources (such income would not have been separately identified as ‘Russian’ in your books and records and therefore not separately reflected on your tax returns). With respect to this last exception, the amounts are immaterial.”
This information comes at a time when the President is under attack by the MSM and the Democrats in regards to potential Russian ties that – at this point in time – do not exist.
A copy of the document is below in image form:
Full Letter: No Trump Russian Income pic.twitter.com/8qudkloJjU
— Jack Posobiec 🇺🇸 (@JackPosobiec) May 12, 2017