According to a New York Times investigation of the president’s tax records, Trump reported losses of $315.6 million at his golf courses since 2000
The writedown is part of a larger strategy that has allowed Trump to pay no income taxes in 10 of the 15 tax years through 2017, his first year in the White House, according to the report.
Trump, perhaps the most avid golfer to occupy the Oval Office, has built a vast international network of golf courses spanning four continents. According to the Times report, Trump’s three courses in Europe – Turnberry and Aberdeen in Scotland and Doonbeg in Ireland – reported a combined $63.6 million in losses since 2000.
Closer to home, Trump bought the Doral resort near Miami, a longtime PGA Tour stop, for $150 million in 2012. Through 2018, his losses totaled $162.3 million at Doral, since renamed Trump National Doral, and the Tour hasn’t played there since 2016. Trump has invested $213 million into Doral, the Times reported, citing tax records, and has a $125 million mortgage balance that will be due in 2023.
Trump bucked recent tradition among presidential candidates by declining to release his tax returns, pointing to an ongoing IRS audit.
Sign up to receive the Morning Read newsletter, along with Where To Golf Next and The Equipment Insider.