The committee questioned the legality of some of those deductions, including one for $916 million, and members said Tuesday that the tax return was short on details. The panel is expected to issue revised versions of their full returns in the coming days.
Trump refused to make his tax returns public during his two presidential bids and his campaign for office, even though all other major party presidential candidates have done so for decades.
The committee obtained the records after a years-long battle and voted Tuesday to make them public.
A Trump spokesman said the release of the documents was politically motivated.
“If this injustice can happen to President Trump, it can happen to all Americans,” Steven Cheung, a spokesman for the Trump Organization, said on Wednesday.
Democrats on the panel said their review found that tax officials did not properly check Trump’s complex tax returns to ensure accuracy.
Although the US Internal Revenue Service is required to audit the tax returns of presidents every year, it did not do so until Democrats pressed for action in 2019.
The IRS assigned only one agent to audit most of the time, the panel found, and did not investigate some of the deductions claimed by Trump.
The IRS declined to comment.