INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Taxable Income Reconciliation

The following table reconciles the Company’s TRS GAAP net income (loss) to taxable income (in thousands):

	Nine Months Ended September 30, 2018		As of December 31, 2017
GAAP consolidated net income (loss) attributable to Hunt Companies Finance Trust, Inc.	(5,822	)	$	4,707
GAAP net loss (income) from REIT operations	6,830		(4,645		)
GAAP net income (loss) of taxable subsidiary	1,008		62
Capitalized transaction fees	(31	)	(41		)
Unrealized gain (loss)	(231	)	639
Deferred income	176		19
Tax income of taxable subsidiary before utilization of net operating losses	922		679
Utilization of net operating losses	(922	)	(679		)
Net tax income of taxable subsidiary	—		$	—

Schedule of Deferred Tax Assets

The TRS has a deferred tax asset on which the Company has a 100% valuation allowance, comprised of the following (in thousands):

	As of September 30, 2018		As of December 31, 2017
Accumulated net operating losses of TRS	99		337
Unrealized gain	191		251
Capitalized transaction costs	114		122
Deferred income	103		57
AMT Credit	19		19
Deferred tax asset (liability)	526		786
Valuation allowance	(507	)	(767	)
Net non-current deferred tax asset (liability)	19		19