On June 10, 2017, Wilhelm Receives a Gift of Gold

On June 10, 2017, Wilhelm receives a gift of gold coins with a fair market value of $10,000. The gold coins had an adjusted basis of $12,000 to the donor. Wilhelm sells the gold coins August 1, 2018, for $8,000. What is the amount of the recognized gain or loss on the sale?

A) $- 0 -
B) $2,000 loss
C) $3,000 loss
D) $4,000 loss
E) $5,000 loss