In that case, not capitalizing the word immediately following the quote will work as an indicator that the period is not part of the parent. This doesn't work

In that case, not capitalizing the word immediately following the quote will work as an indicator that the period is not part of the parent. This doesn't work in the case that the word following is a proper noun. But that's an edge case on something that doesn't really matter. I agree that maintaining punctuation of the quote is important for context. But outside of the quote, it practically never matters if there is a period or not after the quote. The reader may choose. > He looks up, "This is it." Bob says, gazing at the sky.