In $2023,$ Ann received $1,000$ shares of stock as a gift from Tim, who had purchased them in $2014.$ At the time of the gift, the FMV of the stock was $$31,675,$ and Tim$$s basis was $$34,800.$ If Ann sells the stock for $$30,938$ in $2023,$ what are the nature and amount of the loss from the sale?

Multiple Choice

$$737$ short$-$term loss

$$3,125$ long$-$term loss

$$3,862$ long$-$term loss

Incorrect

$$737$ short$-$term loss and $$3,125$ long$-$term loss