Income Tax Provision

3 Months Ended

Mar. 31, 2020

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, 2020 and 2019:

	For the Three Months Ended March 31,
	2020			2019
Current income tax expense	$	42,335		$	82,340
Deferred income tax benefit		(30,921	)		(40,692	)
Total income tax expense	$	11,414		$	41,648

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, 2020 and December 31, 2019.