Systems and methods for flag tracking in data manipulation operations involving move elimination. An example processing system comprises a first data structure including a plurality of physical register values; a second data structure including a plurality of pointers referencing elements of the first data structure; a third data structure including a plurality of move elimination sets, each move elimination set comprising two or more bits representing two or more logical data registers, the third data structure further comprising at least one bit associated with each move elimination set, the at least one bit representing one or more logical flag registers; a fourth data structure including an identifier of a data register sharing an element of the first data structure with a flag register; and a move elimination logic configured to perform a move elimination operation.