Retainage (Uncollectible)
Retainage amount
Can You Write Off Retainage?
Short answer: Retainage (Uncollectible) — Bad Debt & Losses
Retainage on construction project that becomes uncollectible.
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-B11-10237
low risk
Retainage (Uncollectible)
Retainage amount
All Industries
Other Expenses
Bad Debt & Losses
Retainage (Uncollectible) — Bad Debt & Losses
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Retainage on construction project that becomes uncollectible.
Category
- Bad Debt & Losses
bad debt & losses
bad debt losses
retainage (uncollectible)