How do I convert my self-employed music business to a hobby?

[Pio16]

Both 2019 and 2020, have diminished my self-employed music business.  Income has significantly dwindled.  As a result it is now more of a hobby.  How do I go about formally converting it to a hobby?   Thank you

[RobertB4444]

You will stop entering the income and expenses into a schedule C for self-employed individuals and will now just enter the income from the music into Other Income.  You will no longer be able to deduct expenses for the music business, just pay taxes on all of the money you earn.

[Pio16]

Thank you… I’ll follow your directions in filing for 2021.