Yes, since your tax return will contain everything you do, costs such as starting an Uber business by buying a car, or installing solar, or costs from renting out your house as an Airbnb will offset any gains you make.
Here is our free TaxCaster Tool to aid in your estimation of next year's taxes as you plan towards it.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
- Go to Tools and Resources
- Tax Calculator
- TaxCaster Tax Calculator
I hope this helps!
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