How Donald Trump Inflated The Value Of His Los Angeles Land–And Got A Tax Break
Posted on AllSides February 4th, 2022
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High on a cliff overlooking the Pacific Ocean sits a patch of land offering 18 award-winning holes of golf, a cluster of multimillion-dollar mansions—and a potential headache for its developer, Donald Trump.
New York Attorney General Letitia James is investigating Trump’s dealings at the property, called Trump National Golf Club Los Angeles, as part of her probe into whether Trump exaggerated the value of his holdings to his lenders, insurers and the Internal Revenue Service.
One of James’ claims: that Trump valued unsold lots at the property at $4.5 million, even after getting...
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