You have to report all other types of income to WV besides Wages and Salaries.Therefore, yes, you would report the WV Rental income to WV.

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence. 

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

- Do you have other passive income sources? 

To go a bit further into what Dmitriy mentioned, since your IRA earns the income the tax treatment is specific to your IRA.

I just got signed up with Rent Redi and would like to import the previous  monthly rental payments into rent redi to have it correctly dispalying the lease terms with rent owed. Any suggestions or am i missing a tool ...

Tennessee has 0% tax.

The IRS won’t allow this as a legitimate deduction.No Tax Benefit from Self-RentEven if you set it up through an S-Corp (which is more complicated), the rent payments you make would be taxable income to the S-Corp.

A tax professional can help determine if you meet the criteria for deducting expenses in 2024. 

As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.To put it in perspective, we saw around +45k in the 2010's.Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....