Digital-asset tax reporting becomes difficult when transactions span multiple exchanges, wallets, protocols, and years. A preparer should understand both tax rules and the practical problem of reconstructing records.
Ask about transaction volume and complexity
Occasional purchases are different from active trading, staking, mining, DeFi activity, or transfers among many wallets.
Ask how basis is established
Good reporting depends on reliable transaction history and consistent lot identification. Ask what software or reconciliation process the professional expects.
Ask how missing data is handled
Transfers, failed imports, and unsupported platforms can create gaps. The professional should explain how assumptions are documented rather than simply accepting incomplete summaries.
Look for current practice
Digital-asset reporting evolves quickly. Ask how often the professional handles these returns and how they stay current.