A Reaction to the Romney Tax Return


I found a possible answer on Statement 35. This statement shows the same 10-year history as Statement 30, again in the passive category, except this time under the AMT. As before, in every year except 2009, Romney claims a credit for the full amount of the foreign taxes paid. The difference is that instead of claiming a zero foreign tax credit for 2009, as was the case on Statement 30, he claims a $71,069 foreign tax credit against his 2009 AMT tax liability.

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