I bit the bullet this year and decided to hire a tax professional to do my taxes and figure out the mess of mining/staking rewards, DeFi interest payments, and thousands of small trades and fees. So I coughed up the money for a Koinly tax report and sent him the goods.
I got a call back today just to go over everything before moving forward and I just lowkey mentioned the crypto side of things, and asked if he had everything he needed to figure that out, and if it was sufficient. His response was, “This is actually the most prepared I’ve ever seen anyone for this cryptocurrency stuff.” He also said the word “mining” as if he wasn’t quite sure what it was, and openly asked me what staking was. So in hind sight, it’s not clear I picked the right guy for the job. But I have faith in ol’ Tom.
TL;DR – U.S taxes are a shit show. Even professionals think so. We’re early.