Hello,
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.
Thanks,
Jordan Brookins
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