You are describing long term capital gains; you can also have short term capital gains.
The fact that you sold an acquired asset at a gain makes it a capital gain, not the time owned.
The time owned makes it either a long or short term capital gain.
The point I tried poorly to make earlier today… don’t assume anything told on the campaign trail will be in fact carried out in the next few months or next few years.
A wish list is never the same as a can do list. (even in my house)
Clinton could not pass health care reform when he had a democratic congress.
Yet as much as he said he was not for it, he passed welfare reform.*
*Please note I use Clinton because of his historical relevance to the discussion, with no bias for or against his policies or personal life. (Although I have at times admired an intern or two)
