If a capital asset acquired on October 27, 2010 is sold on April 30, 2018 for a gain, the gain is a long-term capital gain.

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According to the IRS, a capital asset held for more than one year is considered a long-term capital asset. Since the asset was acquired on October 27, 2010, and sold on April 30, 2018, it has been held for more than one year and the gain would be considered a long-term capital gain.

If a Capital Asset Acquired on October 27, 2010 Is