Are rent discounts tax deductable?

[Allan Landfried]

I was wondering if an early pay rent discount is considered a loss/expense for taxes. If the market rent is $600 and I give a discount for paying on time, say $25. I collect $575 from tenant if they pay early. Can I somehow deduct the $25 discount in my taxes?

[Kyle J.]

You wouldn't deduct it. You never collected it. It's just $25 less income that's taxed.