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PROOF LOG #023 AMLP ROC Before Sale | 1099-DIV Box 3 Basis Erosion High yield can look like income while basis is falling before sale. Client Surface High Yield Can Hide ROC Clients may see income while final 1099-DIV Box 3 is reducing basis before sale. FDL View AMLP Basis Erosion
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PROOF LOG #022 QQQ Household Wash Sale Across Brokers One household. Two custodians. One hidden wash-sale path. Broker Blind Spot Household Wash Sale Missed One custodian sees a clean loss sale. Another sees a clean buy. FDL View QQQ Replacement Path FDL carries the CPA-prepared household wash-sale position across accounts.
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PROOF LOG #021 AMZN ACATS Transfer Date Reset: Acquisition Date Defense Basis right, term wrong: the cost basis transferred, but the acquisition date still needed verification. Transfer-Date Risk ACATS Can Reset the Date A transfer record can preserve basis while making the lot look newly acquired. FDL View Original Lot
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PROOF LOG #020 META RSU Sell-to-Cover Basis Defense Sell-to-cover was not the end of the lot. Broker Risk Net-Share Basis Can Vanish Broker records can make the later net-share sale look like a new basis problem. FDL View Surviving §83 Basis The remaining META shares still carry W-2 basis from
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FIELD GUIDE #019 What the FDL Tax Alpha Dashboard Shows How to read visible tax value, filing result, and audit trace across FDL. Without the Tax Alpha Dashboard Tax Work Stays Invisible A correction can be technically right and still difficult to explain, review, or defend. FDL View Tax Work
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PROOF LOG #018 AAPL Concentrated Stock Exit | FIFO vs Prepared Lots Prepared exit. Reviewable path. FIFO Default Hits the Old Lot A concentrated AAPL exit can consume the 2016 low-basis lot if FIFO controls the sale. FDL View Prepared Exit Lots FDL carries the CPA-prepared Target Lot IDs through the
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PROOF LOG #017 Specific Identification Before Trade | MSFT FIFO vs Selected Lot Prepared before trade. Reviewable after audit. Broker FIFO Sells the Old Lot Default FIFO would hit the 2016 low-basis MSFT lot. FDL View Selected Lot Preserved FDL carries the CPA-prepared 2024 Target Lot ID through the run. FIFO
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PROOF LOG #016 SPY Covered vs Noncovered Basis | One Sale, Two Tax Worlds One SPY sale. Two reporting worlds. Broker View One SPY Sale A single sell order can mask different basis burdens inside the same ticker. FDL View Covered + Noncovered Basis FDL separates the legacy burden from the modern
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PROOF LOG #015 QYLD Return of Capital Before Sale | High Yield May Be Basis Return What looked like yield may be basis coming back. Client View High Yield Monthly ETF cash flow can look like income. FDL View Basis Return FDL shows final 1099-DIV ROC reducing the original lot basis.
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PROOF LOG #014 NVDA Same-Day RSU Sale | Basis Already Taxed at Vest Same-day sale. Still a gain. Broker View Same-Day 7-Figure Gain Missing basis can make a same-day RSU sale read like a massive capital gain. FDL View $1.96M Taxed Basis FDL carries the already-taxed basis into the sale.
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PROOF LOG #013 MSFT Partial ACATS Transfer: Cost Basis Lineage Defense When part of a position moves, cost basis and source-lot lineage still need to remain reviewable. Broker View New Lot A partial transfer can make the Schwab-side piece look like a fresh lot. FDL View Source Lot FDL reattaches
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PROOF LOG #012 Wash Sale Across Household Accounts | TSLA Across 3 Brokers When one household trades through three brokers, no single broker sees the full wash sale path. Broker Scope One Account A single broker view can miss the denied-loss path once the replacement lots land elsewhere. FDL Household View