The release of the letter by Trump's long-time attorneys came as the president sought to calm the furor caused by his firing this week of FBI Director James Comey, who was leading an investigation into possible collusion between the Trump presidential campaign and Russian Federation to influence the US election.
The law firm's letter said the Miss Universe pageant had earned a "substantial portion" of its $12.2 million in annual income from the Moscow event in 2013. That the administration appeared to underestimate the outcry over FBI Director James Comey's dismissal - a reaction fueled by Trump's own paststatements that Comey was doing just fine - suggests he's not almost as in touch with the people as his populist campaign claimed.
When Mr Trump was pressed during a campaign conference last year about his ties to Russia, he said: "You know the closest I came to Russia, I bought a house a number of years ago in Palm Beach", adding that "I sold it to a Russian for 100 million dollars".
With those exceptions, they said, Trump's returns do not reflect "any income of any type from Russian sources".
But Democrats and some tax experts said the letter did little to quell their concerns and doesn't conclusively rule out some of the ways Mr. Trump could have Russian business ties. Donald Trump has broken with that practice, combining an unusually sprawling business empire, an unusually scanty level of financial disclosure, with the completely unique ongoing control of operating businesses.
"It was like self-certification", he said.
Without Trump's tax returns the full extent of Trump's dealings is impossible to determine, as is the actual scope, significance, and accuracy of his lawyers' claims, and of Trump's financial ties to Russian Federation in general. It doesn't say exactly which years were examined.
Trump being sworn in as the 45th President of the United States on January 20th, 2017.
According to a Bloomberg-Morning Consult poll released in April, 53 percent of registered voters believe Trump should be required to release his tax returns.
He continued, "That's only one of the eyebrow-raising takeaways from a 45-minute Dutch documentary that first aired last week, 'The Dubious Friends of Donald Trump, Part 1: The Russians.'". Those forms, which show assets and debts in broad ranges and don't list all customers and co-investors, don't show clear links to Russian Federation.
But the letter acknowledges that there are three exceptions.
Not to be outdone in the annals of piss-poor drafting, Morgan Lewis has penned a doozy of a letter ostensibly to clear Trump of mounting speculation that he's Russia's bargain basement Manchurian Candidate. Details about the sale are few and far between, but Mr Trump has said that he never met with Mr Rybolovlev during that time. The president said, "I have no investments in Russian Federation, none whatsoever".
Asked if there could be other business ties between Trump and Russian partners, Sheri Dillon told ABC News that "the letter speaks for itself". Lindsey Graham, R-S.C, asserting the president had no business interests in Russian Federation.
The attorneys wrote a letter in March that was released by the White House Friday.
Morgan Lewis did not immediately return a request for comment.