Income taxes, continuing operations (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Deferred Tax Assets and Liabilities

The tax effects of temporary differences for continuing operations which give rise to deferred tax assets and liabilities are as follows:

	September 30, 2020			December 31, 2019
Deferred tax liabilities:
Property having a financial statement basis in excess of tax basis	$	361,000		$	364,000
Insurance premiums and accrued leasing revenues		16,000			29,000
		377,000			393,000
Deferred tax assets		(142,000	)		(83,000	)
	$	235,000		$	310,000