I'm wondering if anyone knows the tax rules on the following scenario:
I have the following two seperate Crypto accounts:
Account A: I hold a large position of Bitcoin in cold storage that I keep dollar cost averaging into each month with fiat and HODL and don't plan on selling.
Account B: I actively day-trade a smaller position in BTC with shitcoins to increase my BTC amount.
Does the "first in, first out" tax rule apply to the holdings in Account A as I am actively trading in Account B?
Essentially, I want to know which outcome applies:
A) Account A can grow annually tax free (as long as I don't sell) and then I only pay capital gains each year in the active trading Account B.
B) Or would each purchase and sell in Account B some how get tied to Account A for tax purposes?
FYI I'm in Canada but I'd be happy to hear US rules as well.