Income Tax Provision

9 Months Ended

Sep. 30, 2021

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 and nine months ended September 30, 2021 and 2020:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2021			2020			2021			2020
Current income tax expense (benefit)	$	(39,131	)	$	(33,618	)	$	104,483		$	107,681
Deferred income tax benefit		(42,011	)		(34,601	)		(77,681	)		(66,482	)
Total income tax expense (benefit)	$	(81,142	)	$	(68,219	)	$	26,802		$	41,199

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 September 30, 2021 and December 31, 2020.