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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2024
Income Taxes [Abstract]  
Schedule of Provision for Income Taxes The Company’s provision for income taxes consisted of the following:
   Three Months
Ended
September 30,
2024
   Three Months
Ended
September 30,
2023
 
Current:        
Federal income tax expense  $80,571   $
 
State income tax expense   37,206    187 
Total income tax expenses  $117,777   $187 
   Nine Months
Ended
September 30,
2024
   Nine Months
Ended
September 30,
2023
 
Current:        
Federal income tax expense  $114,864   $
 
State income tax expense     53,041        987 
Total income tax expenses  $167,905   $987 
Schedule of Effective Tax Rate The following tables reconciled the federal statutory rate to the Company’s effective tax rate for the three and nine months ended September 30, 2024 after Linkhome Realty’s tax status changed to C-corporation:
   Three Months
Ended
September 30,
2024
 
Federal statutory income tax rate   21.00%
State statutory income tax rate, net of effect of state income tax deductible to federal income tax   7.32%
Permanent difference (non-deductible expenses)   0.04%
Change in valuation allowance   0.95%
Effective tax rate   29.31%
   Nine Months
Ended
September 30,
2024
 
Federal statutory income tax rate   21.00%
State statutory income tax rate, net of effect of state income tax deductible to federal income tax   7.72%
Permanent difference (non-deductible expenses)   0.06%
Change in valuation allowance   2.13%
Effective tax rate   30.91%

 

Schedule of Net Deferred Tax Assets As of September 30, 2024 and December 31, 2023, the net deferred tax assets consisted of the following:
   September 30,
2024
   December 31,
2023
 
Deferred tax assets:        
Net operating loss (“NOL”) carryforwards  $11,582   $
 
Less: valuation allowance      (11,582)   
        —
 
Deferred tax assets, net  $
   $