Does a crypto tax accountant need historical data?

When it comes to the question of whether a crypto tax accountant needs historical data, one must consider the complexity of the cryptocurrency ecosystem. Given the volatile nature of digital assets and the rapid evolution of tax regulations surrounding them, historical data becomes a crucial tool for accurate tax calculations. Does a crypto tax accountant need historical data to track the value of cryptocurrencies over time? How about for identifying trading patterns that could trigger taxable events? And what about the need to reconcile transactions across multiple exchanges and wallets? All these questions point to the importance of historical data in the crypto tax accounting process. So, in summary, it seems evident that a crypto tax accountant would indeed require historical data to perform their duties effectively and ensure compliance with relevant tax laws.