https://ttlc.intuit.com/community/taxes/discussion/service-retainers/01/2563827#M953894 <P>Hello,</P><P>&nbsp;</P><P>I have a small wedding videography business that I am filing my taxes for. I receive retainers or deposits when clients sign contracts to hold their spot. Am I able to apply my retainers to the year the work is actually done (2022) or do I have to claim it as income for the year I actually received them. I would prefer to claim them for the year I actually do he work, if possible.&nbsp;</P><P>&nbsp;</P><P>Thanks,</P><P>&nbsp;</P><P>Jordan Brookins&nbsp;&nbsp;</P> Mon, 09 Mar 2026 08:41:32 GMT jbrooksfilms12 2026-03-09T08:41:32Z https://ttlc.intuit.com/community/taxes/discussion/service-retainers/01/2563827#M953894 <P>Hello,</P><P>&nbsp;</P><P>I have a small wedding videography business that I am filing my taxes for. I receive retainers or deposits when clients sign contracts to hold their spot. Am I able to apply my retainers to the year the work is actually done (2022) or do I have to claim it as income for the year I actually received them. I would prefer to claim them for the year I actually do he work, if possible.&nbsp;</P><P>&nbsp;</P><P>Thanks,</P><P>&nbsp;</P><P>Jordan Brookins&nbsp;&nbsp;</P> Mon, 09 Mar 2026 08:41:32 GMT https://ttlc.intuit.com/community/taxes/discussion/service-retainers/01/2563827#M953894 jbrooksfilms12 2026-03-09T08:41:32Z https://ttlc.intuit.com/community/taxes/discussion/re-service-retainers/01/2563905#M953895 <P>You must report the income the year it is received.</P> Wed, 09 Mar 2022 17:20:50 GMT https://ttlc.intuit.com/community/taxes/discussion/re-service-retainers/01/2563905#M953895 ColeenD3 2022-03-09T17:20:50Z