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Income Taxes
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our provision for income taxes consists of the following:
 For the Year Ended December 31,
 202120202019
Current:   
Federal$200 $— $— 
State1,230 1,250 436 
 1,430 1,250 436 
Deferred:   
Federal— — — 
State— — — 
 — — — 
Income tax provision$1,430 $1,250 $436 
A reconciliation of our effective tax rate and the U.S. federal statutory income tax rate is as follows:
 For the Year Ended December 31,
 202120202019
Taxes at statutory U.S. federal income tax rate21.0 %21.0 %21.0 %
Nontaxable income(21.0)%(21.0)%(21.0)%
Federal excise tax0.1 %— %— %
State and local income taxes, net of federal tax benefit0.8 %(1.3)%0.5 %
Effective tax rate0.9 %(1.3)%0.5 %
Deferred income tax balances reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities in our consolidated balance sheets and the amounts used for income tax purposes and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. Significant components of our deferred tax assets and liabilities are as follows:
 For the Year Ended December 31,
 20212020
Deferred tax assets:    
Deferred income$2,132 $3,252 
Fair market value adjustment1,577 10,856 
Other784 758 
Tax loss carryforwards25,829 28,358 
 30,322 43,224 
Valuation allowance(30,322)(43,224)
 — — 
Net deferred income taxes$— $— 
Because of our TRSs' history of losses, we are not able to conclude that it is more likely than not we will realize the future benefit of our deferred tax assets; thus we have provided a 100% valuation allowance as of December 31, 2021 and 2020. If and when we believe it is more likely than not that we will recover our deferred tax assets, we will reverse the valuation allowance as an income tax benefit in our consolidated statements of comprehensive income (loss). As of December 31, 2021, our consolidated TRSs had net operating loss carry forwards for federal income tax purposes of approximately $103,682, which do not expire. As of December 31, 2021, we, excluding our subsidiaries, had net operating loss carry forwards for federal income tax purposes of approximately $141,160, which do not expire. In the normal course of business, income tax authorities in various income tax jurisdictions conduct routine audits of our income tax returns filed in prior years. Income tax years subsequent to 2016 may be open to examination in some of the income tax jurisdictions in which we operate.