Donald Trump values Doonbeg golf course between $25m-$50m

Pic Reuters

President Donald Trump's financial disclosure forms list a payment between $100,001 - $250,000 to Michael Cohen, his longtime personal attorney, but does not state the reason.

Trump's latest disclosure form, which the office released on Wednesday, reflected that he reimbursed the amount in 2017 to his lawyer Michael Cohen, who arranged the nondisclosure agreement with Daniels. The note identified the reimbursement as being more than $100,001 and less than $250,000, and claimed that the repayment was not required to be disclosed as a reportable liability.

Trump had earlier denied knowledge of such a payment. The report said the president did not have to disclose the payment but was doing so "in the interest of transparency".

President Donald Trump's properties in South Florida generated $127 million in revenue previous year, according to a financial disclosure statement released Wednesday by the Office of Government Ethics. "I am providing both reports to you because you may find the disclosure relevant to any inquiry you may be pursuing regarding the President's prior report that was signed on June 14, 2017", ethics office acting director David Apol wrote.

Trump attorney Rudy Giuliani told Fox News Channel's Laura Ingraham that the president was "fully aware" of the disclosure and "endorsed the strategy". Mr. Trump seemed to confirm the claim on Twitter the following morning. Giuliani indicated that the payment was "funneled through a law firm and then the president repaid it".

To be clear, this report does not explicitly show this was for the alleged hush payment Cohen made to the adult film star Stormy Daniels. It was included on Trump's 92-page 2018 disclosure, filed this week.

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Trump submitted the document on Tuesday, the deadline for administration employees to file their financial documents.

Mr Trump bought the golf course in Doonbeg in February 2014 for an estimated €15m.

The newly-released financial documents also offered a glimpse of the performance of two of Trump's flagship hotels: the Trump International Hotel in Washington - which has attracted crowds of lobbyists, lawmakers and foreign governments with business before the federal government, and Trump's Mar-a-Lago resort in Florida, dubbed the "Winter White House".

That means the debt was improperly omitted from last year's filing. Mr. Trump is also still picking up a Screen Actors Guild pension of almost $65,000 from his years as a reality TV host and sometime bit player in movies.

On May 2, Rudy Giuliani, the former NY mayor who joined Trump's personal legal team in April, said Trump had reimbursed Cohen for the payment. But Schaub noted that Trump tried to avoid certifying the accuracy of the 2017 disclosure.

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