Income Taxes and State LLC Fees |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Taxes and State LLC Fees | |
| Income Taxes and State LLC Fees | Note 16: Income Taxes and State LLC Fees One of the Company’s wholly-owned subsidiaries, Ministry Partners Realty, incurred a tax loss for the years ended December 31, 2024 and 2023, and recorded a provision of $800 per year for the state minimum franchise tax. For the years ended December 31, 2024, and 2023, MP Realty had federal and state net operating loss carryforwards of approximately $433 thousand and $432 thousand, respectively, which begin to expire in the year . Management assessed the realizability of the deferred tax asset and determined that a 100% valuation against the deferred tax asset was appropriate as of June 30, 2025 and December 31, 2024. |