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If you will not be actively working in the field, then you will not be reporting income and expenses on Schedule C in the future. This means you can answer 'yes' to the question about stop working in book publishing.
When you receive royalties in future years without actively working in book publishing, that income will be reported on Schedule E moving forward.
If you will not be actively working in the field, then you will not be reporting income and expenses on Schedule C in the future. This means you can answer 'yes' to the question about stop working in book publishing.
When you receive royalties in future years without actively working in book publishing, that income will be reported on Schedule E moving forward.
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