In $2023,$ Taxpayer sold personal property that was held for $10$ years. The property had a Fair Market Value of $$20,000$ when it was sold to a qualified charity for $$4,000.$ Taxpayer's basis in the property at the time of sale was $$8,000.$ In $2023,$ Taxpayer, who is $35$ years old and single, had an adjusted gross income of $$45,000$ and no other capital gains or losses. Is the following statement true? Since the sale was made to a qualified charity, Taxpayer does not need to report this on Schedule D$.$