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Property in Friendship, Wisconsin
View Friendship Listings
| Zipcode |
Population |
Households |
Average house value | | 53934 | 4,225 | 3,561 | $131,950 |
Other cities in the area: Mauston, Necedah, Adams, Westfield, Oxford, Hancock, Arkdale, Coloma
As with any extra revenue, you are responsible for paying taxes on the rent you collect with your Friendship 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.
Adventurers and outdoor enthusiasts can enjoy the many natural attractions in or around Friendship. It is just
one part of Wisconsin with awesome scenery and wildlife, a four-season climate and plenty of outdoor activities to enjoy
for the entire family. Wisconsin is a wonderful state to experience personal development and great family fun, with Friendship residents
enjoying an excellent quality of life.
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