Not Filing Schedule C for One Year

Last year I started writing a book. I had to purchase several books to conduct my research which was essential for the book I write. I deducted those expenses on a dedicated Schedule C that I filed (in addition to my main business Schedule C which is in a totally unrelated area).

This year I did not have any expenses related to the book writing. I am still working on the book (yes, it takes several years to finish it, when not working full time on it).

Should I file Schedule C this year for this "book writing" business? ($0 expenses, $0 income)?

Or should I simply delete that Schedule C from my TurboTax file? (filing it in upcoming years only when I have income/expense)

Thanks in Advance, Nickolas

Reply to
nickzelnar
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Think carefully, didn't you buy a pencil, pen or piece of paper for the book writing business in 2007. If so take the $1.00 deduction and leave it on Turbotax.

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Reply to
Allan Martin

It seems logical to file a schedule C or C-EZ.

Be sure you read business versus hobby rules, for example in:

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Reply to
removeps-groups

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