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PROOF LOG #009 Realty Income (O) Return of Capital | 10-Year Basis Reduction When broker average cost says $52.24 but the 10-year corrected basis is $45.55. Broker Summary $52.24 The average cost summary does not show 10 years of ROC erosion. Tax Alpha Dashboard $6,690.
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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
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PROOF LOG #007 RSU 1099-B Basis $0 | W-2 Basis Already Taxed When 1099-B says zero and payroll says $7,205 was already taxed. 1099-B Record Basis: $0.00 The broker record does not show the W-2 basis. Payroll / W-2 Record $7,205 Taxed The
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PROOF LOG #006 Kenvue Holding Period After JNJ Split-Off | Did It Reset? When a new ticker appears, the inherited JNJ holding period must stay intact. Broker View Reset KVUE can look like a fresh post-exchange lot if the continuity is not reconstructed. FDL View Inherited Term FDL Pro
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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
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PROOF LOG #004 TSLA Wash Sale Code W | FIFO vs Specific ID When default FIFO creates a Code W path, but documented lot choice keeps the high-basis lot open. Broker FIFO / Tax Report Code W Default FIFO consumed the October lot and put the December sale on a wash-
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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
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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
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PROOF LOG #001 ACATS Cost Basis Transfer: Tax Lot Carryover Defense When the account moves, the tax-lot path still needs to remain reviewable. Original Lot Record 100 TSLA 2023-02-01 $20,000 Basis The original purchase remains the source of truth for the final sale. Transfer-In Record