The the tenant paying the rent, it's just that...rent. To the landlord receiving the rent, it's potential taxable income. Where the landlord disburses their income, determines their expenses out of the gross income received. Including where the landlord pays their taxes and other expenses. The property owner gets the tax deduction on their real property. The tenant does not own the real property and has no tax expense.
I'm not a CPA or tax professional. This is my opinion only. Please consult your tax professional for any and all tax advice.
Mar 23, 2016