‘Breathtakingly improper’: Trump’s IRS deal could bulletproof $825M golf write-off

Facing “one of the most significant tax bills of his life,” projected at more than $500 million, President Donald Trump set up a “charitable deduction” on a golf course he still owns that could let him write off roughly $825 million in income, a report says.In a Forbes report published Monday, senior editor Dan Alexander described how the Trump Organization gave away the right to further develop Trump National Golf Club in Jupiter, Florida, in December 2025 but kept the club itself.Alexander wrote that the president “appears to be using the presidency to get away with it.” Spokespeople for the White House and the Trump Organization did not respond to Forbes’ questions.Trump’s return to the White House brought $1.4 billion in cryptocurrency earnings in 2025, plus more than $200 million from real estate, the outlet calculated. His projected tax bill “snowballed to over $500 million.”To shrink that bill, the Trump...