When House investigators first sought the records in April, before the start of the impeachment inquiry, they said the documents were necessary in order to probe "foreign influence in the USA political process".
Trump and several members of his family sued Deutsche Bank and Capital One this year seeking to block them from responding to the subpoenas issued by House Democrats, which they said had "no legitimate or legislative objective".
"Without reviewing the requested return materials, the committee can not ensure that the IRS's audit process is functioning fairly and effectively, understand how provisions of the tax code are implicated by President Trump's returns, or exercise its legislative judgment to determine whether changes to the code may be warranted", it added. "In light of the Second Circuit decision, we are evaluating our next options including seeking review at the Supreme Court of the United States".
South Korean Actor Cha In-ha Found Dead
She quit the band in 2015, apparently to focus on acting, and starred in a number of hit Korean TV shows and film. She had just completed a tour of Japan with solo material including song Midnight Queen .
Deutsche Bank, a German banking giant, has been a major lender to both the Trump Organization and Kushner Companies, which previously was run by Trump's son-in-law, Jared Kushner, now a presidential adviser. Lawyers for Trump could not immediately be reached for comment.
In a statement, Deutsche Bank said, "We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations". Livingston was appointed by President George W Bush, a Republican.
The court noted that the president had not disputed that the bank loaned him at least $130 million when no other bank would do so.
The appellate judges in the ruling wrote that a lower court must determine how to disclose the information without revealing personal information.
Donald Trump's legal efforts to hide his tax returns and related financial records have not gone especially well.
Judge Debra Ann Livingston dissented from the ruling, saying Trump and his family raised "serious constitutional questions" about congressional authority to enforce "deeply troubling" subpoenas seeking "voluminous" financial records, and deserved a chance to object to disclosure of more sensitive materials. She called the subpoenas "deeply troubling" because they make no distinction between business and personal matters and seek information about the president's wife, children and grandchildren.
A woman with an umbrella passes a logo of Deutsche Bank in Germany in a file photograph. The Supreme Court last week put the lower court ruling on hold to give Trump time to appeal.