Skip to content
Subscriber Only

Jared Kushner Used Paper Losses to Minimize His Taxes, NYT Reports

  • Reported depreciation on real estate overwhelmed income
  • New York Times says no indication Kushner broke the law
Jared Kushner
Jared KushnerPhotographer: Oliver Contreras/Pool via Bloomberg
Updated on

Jared Kushner, President Donald Trump’s son-in-law, paid almost no federal income taxes in several recent years despite a rising net worth and billions of dollars spent building his real estate empire, the New York Times reported Saturday.

Citing “confidential financial records” it obtained, the Times reported that Kushner, 37, a senior White House adviser, for years minimized his tax bills by booking heavy losses on reported depreciation of his real estate holdings that overwhelmed his reported income.