Answers/Fractionals
Tax and money questions fractional executives ask
Straight answers with the forms, thresholds, and deadlines that actually apply. Every page starts with the short answer and ends with what to do about it.
Answered so far
8
questions for fractional executives
Writeoffs
Can a Fractional Executive Deduct a Home Office?
Yes, if a space in your home is used regularly and exclusively for your fractional practice and it is your principal place of business. Days spent at client sites do not disqualify you when you run the practice's admin from home. Deduct actual costs on Form 8829 or take the simplified $5 per square foot rate.
Is a Solo 401k Worth It for Fractional Executives?
Usually yes. A solo 401k lets a fractional executive contribute twice: an employee deferral off the top, plus an employer contribution calculated from business profit, with combined caps the IRS sets each year. High fractional income makes those two layers far more powerful than an IRA, as long as you have no employees.
Can Fractional Executives Deduct Health Insurance?
Yes. A self-employed fractional executive can deduct health, dental, and qualifying long-term care premiums for themselves, a spouse, and dependents. The deduction goes on Schedule 1 as an adjustment to income, not on Schedule C, and it cannot exceed the net profit from your fractional business.
What you get with Amadae
One flat monthly price. Real accountants who know how fractional executives get paid.
- Retainers, board fees, and multi-client income kept straight in one place
- Travel, insurance, and home office costs tracked as write-offs monthly
- Quarterly estimates calculated and set aside before each deadline
- Your return filed by a real accountant, S-corp math included
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If you make $40K - $69K. Flat, no hourly bills.
- Monthly profit and loss reports
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Books, estimates, and filing for fractional executives. Flat monthly price.