Confirm all relevant accounts are connected and synced through the current tax year.
2
Review cost basis calculations (FIFO) and flag wash sale adjustments where applicable.
3
Export transaction summaries and gain/loss reports for tax filing or advisor handoff.
Required evidence
Cost basis calculation (FIFO)
Capital gains and loss summaries
Transaction export for tax filing
Merrill-specific considerations
Monitor Merrill balances, merchant-level spending, recurring bills, direct deposits, and transfer activity in one Clarity dashboard so you can review Merrill with real trend lines, balances, and history instead of checking Merrill in isolation or rebuilding the same context each week.
Compare Merrill with brokerage accounts, crypto balances, liabilities, and total net worth, which makes it easier to explain whether activity from Merrill changed liquidity, diversification, or total net worth across your broader financial picture.
Use Clarity as a Merrill spending tracker that turns raw Merrill updates into a repeatable workflow for weekly cash flow reviews and month-end budget checkups, rather than a one-off snapshot that is forgotten after a quick check.
Keep Merrill visible next to the rest of your household finances so large changes from Merrill are easier to understand during weekly reviews, month-end reconciliation, and forward planning without reconstructing the timeline from memory.
Tie Merrill activity to budgeting reviews, subscription cleanup, and recurring expense decisions, which helps convert monitoring into clear follow-up actions whenever Merrill starts moving in a way that deserves attention, explanation, escalation, or review.
