A string of recent IRS court victories could threaten a tax break President Trump’s business was able to claim in 2014 on its California golf course. The deduction was tied to the Trump National Golf Club Los Angeles, overlooking the Pacific Ocean. It involved a conservation easement, a legal document that restricted development rights on a portion of the property and allowed an income tax deduction of up to $25 million.

Source: Wall Street Journal September 02, 2020 09:33 UTC