AUDIT LOG #009 The $6,690.70 Silent Debt: Realty Income’s 10-Year Erosion *Exhibit A: The "Green Illusion" of Brokerage Dashboards. The Broker's Lullaby Your brokerage dashboard shows a comforting green number for Realty Income (O). It whispers that your cost basis is $52.24
Audit Log #008 The 717-Day Time Heist: DFS/COF Fractional Recovery BROKER RESET 2025-05-19 SHORT-TERM (37%) FDL RESTORED 2023-06-02 LONG-TERM (20%) A merger is not a reset; it is a transformation. Yet, brokers routinely erase your 717-day ancestry, converting a tax-free reorganization into a short-term liability. WATCH: RECLAIMING THE DNA
Audit Log #007 The $7,205 RSU Heist: Broker Amnesia vs. W-2 DNA THE VOID (BROKER) $0.00 DOUBLE TAX TRAP THE REGISTRY (FDL) $7,205.00 W-2 DNA RECOVERED Brokers don't just fail; they commit an act of intellectual surrender. When a 10:1 split hits an
Audit Log #006 The JNJ/KVUE Event Horizon: Reclaiming the 159-Day Amnesia "SHORT-TERM IS A HALLUCINATION. LONG-TERM IS THE LAW." *Exhibit A: The 159-Day Holding Period Discrepancy. The 159-Day Tax Trap For Sophisticated Tax Professionals, the JNJ split-off is not just a corporate action; it is a Systemic
Audit Log #005 The NVDA Hallucination: Recovering the Missing 0.877 "YOUR CLIENT SEES +763%. YOU SEE A POTENTIAL 1099-B HALLUCINATION." *Exhibit A: The $NVDA 10:1 Split and the systemic disappearance of fractional cost basis. The 0.877 Fragment Heist When NVIDIA executed its 10:1 split,
Audit Log #004 The Noble Purple Sentinel: Neutralizing the Trap "MANAGING DAMAGE IS FOR AMATEURS. PROFESSIONALS NEUTRALIZE IT." In #001, #002, and #003, we built a fortress of Integrity and a sword of Alpha. But the elite practitioner knows the final threat: The 61-day window. A Wash Sale
Audit Log #003 The Sovereign Choice (Specific ID): Beyond Integrity FROM SHIELD TO SWORD. The Broker-Default Garbage In Audit Logs #001 and #002, we established a fortress of Integrity. But the elite practitioner demands more: the ability to transform accuracy into client alpha. Brokerage reporting is often "Bulk Garbage.
Audit Log #002 The 19-Month DNA Reclamation AI GUESSES, FDL RECONSTRUCTS. The Memory Wipe When VMware was absorbed by Broadcom, millions of holding periods were erased. While the world focused on the $61B price tag, Sophisticated Tax Professionals faced a silent catastrophe: Mixed Consideration. Brokers reset the acquisition clock to
Audit Log #001 When Transfers Erase Truth: The ACATS Basis Trap Why your client’s asset transfer is a silent professional liability for your tax season. The Professional Nightmare It is a routine operation for Sophisticated Tax Professionals: An HNW client moves a $5M portfolio from Broker A to Broker