WEALTH MANAGEMENT / INTERACTIVE ENVIRONMENT
Meadowridge Advisory — fictional client account
Review a proposed tax-loss harvest for a conflicting replacement purchase.
WHAT YOU’RE LOOKING AT
One environment. Your answer.
A fictional taxable account would sell 100 shares of the invented security FND-A at a $1,000 loss. A scheduled purchase would buy the same 100 shares seven days later.
Read the evidence and make your choices. The grader checks your numbers, the trap, and your decision. Edit and grade again.
The data room4 documents · Read the excerpts before you decide
Fictional tax-lot reportTax-lot report row 4
100 shares of FND-A have a $10,000 cost basis. The proposed November 3 sale has $9,000 proceeds, a $1,000 loss.
Back to correction ↓Scheduled account activityScheduled orders row 2
The same taxable owner has a November 10 purchase of 100 FND-A shares scheduled in another taxable account. The security identifier is identical.
Back to correction ↓Exercise tax-review checklistReview checklist §2
Before approving a loss-harvest plan, inspect scheduled purchases within 30 days before or after the proposed loss sale. Escalate a same-security conflict. The reviewer does not execute orders.
Back to correction ↓Draft harvest recommendationDraft plan §1
The draft assumes the entire $1,000 loss is immediately deductible and leaves the November 10 purchase unchanged.
Back to correction ↓Available tools in the scripted example4 tools
read_tax_lotsRead purchase basis and proposed sale proceeds.query_scheduled_ordersCheck pending purchases across the exercise accounts.check_windowCompare transaction dates and security identifiers.submit_reviewApprove or hold the proposed plan for review; place no trade.
Try the task.
The interactive task is loading. You can also follow the scripted example below.
THE SCRIPTED EXAMPLE
Follow the same task, step by step.
See a plausible mistake, the correction, and the reasoning behind each check.
AGENT ATTEMPT
Follow the attempt.
Scripted calls. Highlighted: the missed trap.
read_tax_lotsBasis $10,000; proposed proceeds $9,000; loss $1,000.
Tool arguments
{"security":"FND-A","shares":100}submit_reviewMissed trapThe scheduled November 10 repurchase is not checked.
Tool arguments
{"approved":true,"deductible_loss":1000}
Approve the plan and claim a $1,000 immediately deductible loss while leaving the scheduled repurchase in place.
SENIOR CORRECTION
What changes, and why.
Authored illustration; no actual expert review.
Approve the plan and claim a $1,000 immediately deductible loss while leaving the scheduled repurchase in place.
Hold the plan for tax review. The same owner’s identical-security purchase is seven days after the proposed sale, within the review window. Do not assume an immediate $1,000 deduction.
The correction
The loss calculation is correct, but the scheduled repurchase changes its tax treatment. This walkthrough reviews a proposed plan; it recommends no live trade.
Exact evidence
November 10 purchase of 100 FND-A shares scheduled in another taxable account.
Scheduled orders row 2Inspect scheduled purchases within 30 days before or after the proposed loss sale.
Review checklist §2
GRADING
Same checks. Better answer.
The same exercise grader scores the starting answer and reference correction below. Try your own answer to compare.
| What is checked | Agent attempt | After correction |
|---|---|---|
01Numbers right? | 1 / 1 checks pass $10,000 basis − $9,000 proposed proceeds = $1,000 realized loss. | 1 / 1 checks pass $10,000 basis − $9,000 proposed proceeds = $1,000 realized loss. |
02Traps caught? | 0 / 2 checks pass The same owner's 100-share FND-A purchase is seven days after the loss sale. | 2 / 2 checks pass The same owner's 100-share FND-A purchase is seven days after the loss sale. |
03Sound decision? | 0 / 2 checks pass Hold the proposed plan for tax review under the exercise checklist; place no order. | 2 / 2 checks pass Hold the proposed plan for tax review under the exercise checklist; place no order. |
Fictional, authored environment. Your submission is scored by a deterministic exercise grader; the walkthrough shows a scripted example.
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