Can I change from Business to Hobbyist?

[foothillgirl]

I started a home business selling Jamberry in 2015.  Went full speed, booking events, doing home parties...  I bought inventory for the events and still have some of it.  I filed as a home business for tax season 2015.
Due to some unforeseen events, I backed off of selling Jamberry by mid 2016.  I don't think I can file as a business for 2016 since I didn't actively work it as a business after that time, or can I?  I did have one big wedding event that I did in January 2016, and a handful of parties...enough to show an income of $1,089.89.  I wasn't sure how I needed to file this year...please help!
Thank You,
Beth

[RichardK]

If you continue to operate the business with a profit motive, but backed off due to unforeseen circumstances, you can continue to treat this as a business, rather than a hobby, click here for more information.

To convert your business to a hobby loss your report gross income from the hobby on line 21 Form 1040 (Miscellaneous income), and the related expenses as an itemized deduction.

[foothillgirl]

So, how are my business losses and inventory from 2015 that had to be carried over handled, if I go hobbyist in 2016?