If a capital asset acquired on October 27, 2011 is sold on April 30, 2019 for a gain, the gain is a long-term capital gain.

Name: If a capital asset acquired on October 27, 2011 is sold on April 30, 2019 for a gain, the gain is a long-term capital gain.
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In order for a capital asset to be considered long-term, it must be held for more than one year before being sold. October 27, 2011 to April 30, 2019 is more than one year, so the gain would qualify as a long-term capital gain.

If a Capital Asset Acquired on October 27, 2011 Is