Income Taxes

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, and are generally not subject to federal and state income taxes provided we distribute a sufficient amount of our taxable income to our shareholders and meet other requirements for qualifying as a REIT.  We are also subject to certain state and local taxes without regard to our REIT status.

Our provision for income taxes consists of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Current:
State and local	$	521	$	(65)	$	(119)	$	(2,616)
Deferred:
State and local	—		—		(1,000)		—
Income tax benefit (expense)	$	521	$	(65)	$	(1,119)	$	(2,616)

During the nine months ended September 30, 2019, we recorded $1.6 million related to uncertain tax positions, as part of our income tax provision.