Donald Trump made loans to his children Ivanka, Donald and Eric that the Internal Revenue Service should scrutinize, according to a recommendation by a congressional panel
According to the report, Mr. Trump declared a total of $51,000 of interest paid to him by his three older children for each tax year from 2015 through 2019.
For 2020, the amount of interest dropped to $46,000. The report questioned whether these related-party loans, as they are known, were “bona fide arms-length transactions” or were disguised gifts that should be taxable to Mr. Trump.
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