GUIDED LIGHT LAB · SYNTHETIC VALUES

Keep price, return, and tax views separate

Choose a scenario, then use Step to move one causal stage at a time. The canonical preview is already visible; interaction explains where each number comes from and where the calculation must stop.

Five-stage return-of-capital auditEvidence selection leads to a market price bridge, observed returns, an optional scoped tax illustration, and an audit result. MARKET-DATA OBSERVED RETURN OPTIONAL US BASIS
Theoretical ex-price
Backward factor
Observed gross return
Observed net cash return
Basis after
Excess over basis

Audit trace

StageEvidence or formulaDecisionLineage