Hello there,
So my question is about starting my own business. I'm driving for ride-share company, but I want to start another business on my own meanwhile, and I'm thinking to invest all the money made from the ride-share. The problem is that the money I'm making, for a single year, won't be enough to fund the new business completely, and I'm looking for a way to somehow carryover this balance to the next year, because I think I'll have enough to start it. So I'm wondering if I still need to pay taxes on the ride-share income, if I invest all of them in my new business or there's a way to deduct some or all. Because if I pay taxes this year, I won't have enough for the initial funding of my business, in the next 3 - 4 years.
Thanks
