TAXABLE INCOME AND TAX BASIS (Tables)

12 Months Ended

Dec. 31, 2022

TAXABLE INCOME AND TAX BASIS

Schedule of reconciliation of GAAP net income to taxable income

	For the year ended
	December 31,
	2022		2021		2020
	(in thousands)
Financial statement (“book”) net income (loss)	$	3,723	$	(2,700)	$	1,425
Book/Tax differences from depreciation		4,160		5,673		6,627
Book/Tax differences from Investment Properties		1,258		(87)		(69)
Increase in prepaid rent and allowances		554		(46)		936
Other items		1,273		1,216		(341)
Taxable income	$	10,968	$	4,056	$	8,578