Rahim is a $31-$year$-$old single taxpayer. On November $16,2022,$ he purchased five crypto coins for $$3,000.$ He sold three of the coins for $$1,800$ on February $28,2023.$ He then sold the remaining two coins for $$700$ on August $31,2023.$ In early $2024,$ Rahim received a Form $1099-$B reporting details about the transaction. Choose the response that correctly describes how Rahim should report this transaction on his tax return.

Long$-$term capital gain of $$500.$

Long$-$term capital loss of $$500.$

Short$-$term capital gain of $$500.$

Short$-$term capital loss of $$500.$