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Property in Hepzibah, West Virginia
| Zipcode |
Population |
Households |
Average
house value | | 26369 | 525 | 230 | $82,446 |
Other cities in the area: Bridgeport, Shinnston, Lumberport, Meadowbrook, Reynoldsville, Anmoore, Enterprise, Gypsy
As with any extra revenue, you are responsible for paying taxes on the rent you collect with your Hepzibah income property. However, you can generally deduct expenses of renting property from your rental income including depreciation, repairs, and operating expenses. If you operate on a cash basis, you can count the rental income as income when it is received, and can deduct your expenses as they are paid. You do not have to include a security deposit in your income if you plan on returning it to the tenant at the end of their lease. However, if you do not return it, this money is taxable income. As well, make sure to check with your tax advisor to ensure your taxes are correct. Living anywhere in West Virginia offers the growing family many exciting opportunities and a great lifestyle. Hepzibah is just
one part of the state providing its own unique combination of natural and cultural attractions. The region attracts new residents and
visitors every year, and enjoys a thriving tourism industry.
Some of the more popular attractions include countless outdoor activities and cultural and historical exhibits. The state's scenery is
also a popular attraction, and Hepzibah residents can enjoy hiking and camping, wildlife watching,
and amazing hunting and fishing. It is certainly a great place to consider for the whole family.
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Equal Housing Opportunity
