WASHINGTON — President Donald Trump’s nominee to run the Internal Revenue Service owns real estate in a Trump-branded property in Hawaii, according to a Senate staff memo.
Charles Rettig, a California tax lawyer, had previously disclosed owning residential real estate in Hawaii valued at between $1 million and $5 million without including the exact location. He is likely to face questions about the property at a Thursday confirmation hearing in the Senate Finance Committee.
That property is a 50% interest in two units at the Waikiki Trump International Hotel and Tower, according to the committee memo, which was reviewed by The Wall Street Journal. Rettig purchased the asset in 2006 and the units were completed in 2009, according to the memo. The two one-bedroom units, which generate rental income for him, are assessed for property-tax purposes at about $1.1 million each, according to Hawaii property records.
As commissioner, Rettig would oversee enforcement of the tax laws. Trump has said the agency has been unfairly auditing him.
An expanded version of this report appears on WSJ.com.
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