TCI INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of income tax expense benefit

Current expense (benefit) is attributable to (dollars in thousands):

	2016		2015		2014
Income (loss) from continuing operations	$	24	$	517	$	(20,390	)
Income (loss) from discontinued operations		(1)		483		20,390
Tax expense (benefit)	$	23	$	1,000	$	—

Schedule of federal income tax expense

The Federal income tax expense differs from the amount computed by applying the corporate tax rate of 35% to the income before income taxes as follows (dollars in thousands):

	2016			2015			2014
Computed “expected” income tax (benefit) expense	$	121		$	2,276		$	14,762
Book to tax differences for partnerships not consolidated for tax purposes		93			5,152			(23,900	)
Book to tax differences of depreciation and amortization		(477	)		(160	)		1,461
Book to tax differences in gains on sale of property		(2,757	)		(4,073	)		(2,350	)
Book provision for loss		—			1,855			—
Partial valuation allowance against current net operating loss benefit		(69	)		(9,596	)		7,069
Other		3,112			5,546			2,958
Total	$	23		$	1,000		$	—
Alternative minimum tax	$	—		$	—		$	—

Schedule of tax effects of temporary differences and net operating loss carry forwards that give rise to the deferred tax assets

The tax effects of temporary differences and net operating loss carry forwards that give rise to the deferred tax assets are presented below (amounts in thousands):

	2016			2015			2014
Net operating losses	$	42,585		$	46,497		$	56,897
AMT credits		1,591			1,900			1,374
Basis difference of:
Real estate holdings		(7,580	)		(17,912	)		876
Notes receivable		5,432			694			757
Investments		(4,328	)		(4,709	)		(4,693	)
Notes payable		2,315			2,792			6,932
Deferred gains		14,200			11,984			10,146
Total	$	54,215		$	41,246		$	72,289
Deferred tax valuation allowance		(54,215	)		(41,246	)		(72,289	)
Net deferred tax asset	$	—		$	—		$	—