Income Tax Provision

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax Provision

11. Income Tax Provision

The Partnership recognizes current income tax expense for federal, state, and local income taxes incurred by the Greens Hold Co, which owns The 50/50 MF Property and certain property loans. The following table summarizes income tax expense (benefit) for the three months ended March 31, 2022 and 2021:

	For the Three Months Ended March 31,
	2022		2021
Current income tax expense	$	7,644	$	16,485
Deferred income tax expense (benefit)		7,266		(16,228	)
Total income tax expense	$	14,910	$	257

The Partnership evaluated whether it is more likely than not that its deferred income tax assets will be realizable. There was no valuation allowance recorded as of March 31, 2022 and December 31, 2021.