Tax-aware long/short · proposal worksheet

Long/short proposal review

Choose one task, enter only figures you can support, and see the matching arithmetic and adviser questions. Blank amounts remain unknown.

Choose a task Read the long/short guide

Educational illustration · Not investment or tax advice

Review scope

What do you need to check?

Your entries stay in place when you switch tasks. Changing tasks clears any calculated brief until you run the new check.

Enter broad figures and document references only. Do not enter account numbers, client names, or tax-return information. The worksheet has no upload function, and nothing is sent or saved automatically.

Illustrative only. Not investment, tax or legal advice.Important disclosures

[data-long-short-tool] [data-task-panel]{display:block!important}[data-long-short-tool] [data-cash-context],[data-long-short-tool] [data-exit-mode]{display:flex!important}JavaScript is required to calculate, print, or export a review. All questions remain visible below.

The account you’re reviewing

Use a general label. Leave out account numbers and client names.

Account reference

Account label

Account figures

Reconcile what the account owns and owes.

Use one complete account and one valuation date. Dollar exposure is not beta, expected return, or withdrawal capacity.

Reconcile the account

Statement presentationAccount valuation dateLong stock valueUSD; enter 0 only when zero is known.Free cashUSD; enter 0 only when zero is known.Restricted cashUSD; enter 0 only when zero is known.Short stock liabilityUSD; enter 0 only when zero is known.Cash debtUSD; enter 0 only when zero is known.Other liabilitiesUSD; enter 0 only when zero is known.Reported NAVUSD; enter 0 only when zero is known.The exposure and NAV refer to this same complete account.This account has no unmodeled derivative exposure.

Do not enter pledged stock again as cash. Restricted cash is not necessarily available for withdrawal. These ratios describe dollars, not beta or investment risk.

Withdrawals

Ask for the dated cash case.

Keep account distribution, remaining NAV, account-paid amounts, and payments outside the account separate.

Ask for the cash case

Requested eventUser-declared source of the cash caseCash case and tax periodCase date

Document the cash case, release conditions, and source declarations

Manager/custodian case referenceManager/custodian role or initialsExecution and release conditions document/versionI understand the manager/custodian and tax source declarations have not been authenticated by this app.

Document the separate exit-tax estimate

User-declared source of the exit tax estimateSeparate tax reviewer’s exit estimate referenceExit tax reviewer role or initialsExit tax estimate dateExit tax period

A full close is not a partial withdrawal. A management transfer or reduction in leverage needs its own case; this worksheet cannot infer those results. A missing tax estimate leaves spendable cash unresolved.

Review the proposal with an adviser

Discuss your proposal with Andrew and the team.

Bring the proposal and your worksheet. We can review the costs, cash needs and questions the figures leave unanswered.

Talk with Altar Rock

Prepare the conversation

Documents for your adviser discussion

The worksheet organizes arithmetic and evidence checks. It does not authenticate a provider, establish tax eligibility, or grant withdrawal permission.

Documents and adviser questions

Documents to bring

Bring the proposal, fee schedule, margin and custody terms, account illustration, tax-review inputs, and the family’s dated cash requirement. Name the person or document that will resolve each open point. If the proposal cannot answer the cash question for the required date, request a new case.

Questions for the adviser team

What must this capital remain available to do for the family, and what requirement is specifically assigned to this account?
What will the account own and owe, and how do its net asset value, gross exposure and net dollar exposure reconcile to the custodian statement?
Which losses are realized, recognized, currently allowable, used this year and carried forward—and who reviewed each amount?
What is the investment objective and risk budget before tax, and what evidence supports the comparison?
What are all the costs, where are they already included, and which quotes can change?
What happens if gains arrive later, costs rise or cash is needed earlier?
For the requested date, what is the account distribution, what remains invested, and how much cash is available to the family after outside payments?
Which terms require written confirmation from the manager, custodian, tax adviser or counsel before the family acts?

Important disclosures

This worksheet is for illustrative purposes only and does not constitute investment, tax, or legal advice. Consult qualified professionals before implementing any strategy.

It keeps unknowns unresolved and separates account value, costs, tax projections, spendable cash, and capital purpose. It does not create a forecast, suitability score, tax rate, or withdrawal permission, and it does not send or store your entries.

The worksheet organizes arithmetic and evidence checks. It does not authenticate a provider, establish tax eligibility, or grant withdrawal permission.

Printing or saving includes the figures and references you enter. Check where the file will go and who will receive it. The site does not store the figures you enter.

Investments & tax

Transfer & giving

Family resources