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Income Taxes

9 Months Ended

Sep. 30, 2020

The following table presents our income tax benefit (expense) for the nine months ended September 30, 2020 and 2019 (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Current tax benefit (expense)	$	—	$	3	$	4	$	(4)
Deferred tax benefit (expense)	3		(1)		2		—
Total income tax benefit (expense)	$	3	$	2	$	6	$	(4)

The provision for income taxes for both periods differs from the statutory federal tax rate of 21%, due to the impact of our REIT election, accelerated deductions for certain real estate expenditures and state income taxes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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