I am going to be doing a promotion which will cost around $1500. I estimate that I will make $3000 back from this promotion. However, here is my problem. Even if I make $3000, won't I really only be breaking even? I will be paying taxes soon and isn't that essentially like taking that $3000 and then cutting it in half to $1500 again? Is there any way I can use the $1500 (its for rental space) as a write off on my taxes?
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