Total BS. Property tax DEDUCTIONS are allowable only for actual taxes PAID. If no taxes had been assessed (because the properties did not yet exist) Trump could not have paid them. Trump’s accountants are too thorough to claim deductions for something not paid.
It was probably not property tax deductions because there is gov’t paper trail for that but possibly inflated depreciation, possible business expenses that were not there or inflated business that would give him a larger tax deduction.
This below explains how overstated wealth can means tax deductions. If she has a paper trail it will be hard to get away from.
The Trump Organization, James’ office said, overstated the value of land donations made in New York and California on paperwork submitted to the IRS to justify several million dollars in tax deductions.