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How to answer the question "Did you stop working in Book publishing in 2025?" I don't plan to write more, but I will still be receiving royalties. Do I answer Yes or No?

 
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AnnetteB6
Employee Tax Expert

How to answer the question "Did you stop working in Book publishing in 2025?" I don't plan to write more, but I will still be receiving royalties. Do I answer Yes or No?

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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1 Reply
AnnetteB6
Employee Tax Expert

How to answer the question "Did you stop working in Book publishing in 2025?" I don't plan to write more, but I will still be receiving royalties. Do I answer Yes or No?

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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