Is the capital gain for stock which was a gift considered long term or short term?

The capital gain on stock received as a gift is generally considered long-term if the donor held the stock for more than one year before gifting it. The recipient of the gift inherits the donor's holding period for the purpose of determining long-term or short-term capital gains. If the donor held the stock for one year or less, the gain is considered short-term. However, if the stock's value has decreased since the gift, special rules apply, and the recipient may need to consider the stock's basis in determining the gain or loss.