Need Tax advise on split ownership

[Dhruvrajsinh Parmar]

Hi all,

Me and my friend just bought a house upstate New York for a STR. We want to get it online but last pending piece is tax information. Airbnb only allows one listing host and other person has to be co-host. It seems however that only listing host gets full tax document  and co-host only gets income provided by listing host. In this scenario say for example :

For Listing host :
Income : 100$
Expenses : 50$ (Co-host payout, lets ignore Airbnb fees for now)

Cohost :
Income : 50$

In this scenario wouldn't the listing host have an advantage as they get to report expenses on income compared to Cohost ? Any certified CPAs in forum or any advise is appreciated.