diff --git a/src/renderer/inbox/components/NoteCard.tsx b/src/renderer/inbox/components/NoteCard.tsx
index c89c842..2b9bf96 100644
--- a/src/renderer/inbox/components/NoteCard.tsx
+++ b/src/renderer/inbox/components/NoteCard.tsx
@@ -137,10 +137,10 @@ function NotebookChip({ current, notebooks, onMove }: {
       {open && hasOthers && (
         <div
           style={{
-            position: 'absolute', top: '100%', left: 0,
+            position: 'absolute', bottom: '100%', left: 0,
             background: '#fff', border: '1px solid #ccc', borderRadius: 4,
             zIndex: 50, minWidth: 140, boxShadow: '0 2px 6px rgba(0,0,0,0.15)',
-            marginTop: 2
+            marginBottom: 2
           }}
         >
           <div style={{ fontSize: 10, color: '#888', padding: '4px 10px', borderBottom: '1px solid #eee' }}>
@@ -455,18 +455,6 @@ export function NoteCard({ note, onDeleted, onUpdated, mode = 'inbox', onRestore
                   ))}
                 </div>
               )}
-              {currentNb && (
-                <div style={{ marginTop: 8 }}>
-                  <NotebookChip
-                    current={currentNb}
-                    notebooks={notebooks}
-                    onMove={async (newId) => {
-                      await moveNoteToNotebook(local.id, newId);
-                      setLocal({ ...local, notebookId: newId });
-                    }}
-                  />
-                </div>
-              )}
               {local.userIntent !== null && (
                 <div style={{ marginTop: 10, padding: 8, background: '#fffbe9', borderRadius: 6 }}>
                   <span style={{ fontSize: 12, color: '#7a5a00', marginRight: 6 }}>💡</span>
@@ -549,6 +537,17 @@ export function NoteCard({ note, onDeleted, onUpdated, mode = 'inbox', onRestore
             alignItems: 'center'
           }}
         >
+          {/* notebook chip — tag(키워드)와 notebook(컨텍스트) 의미 분리. done + inbox 에서만 표시. */}
+          {!isTrash && local.aiStatus === 'done' && currentNb && (
+            <NotebookChip
+              current={currentNb}
+              notebooks={notebooks}
+              onMove={async (newId) => {
+                await moveNoteToNotebook(local.id, newId);
+                setLocal({ ...local, notebookId: newId });
+              }}
+            />
+          )}
           {/* 이동 버튼 — 클릭 시 MoveStatusModal 진입.
               사유 입력 + AI 자동 분류 + 수동 status 선택 한 곳에서 처리. */}
           <button