Julie received stock as a gift from Olivia in June 2021. Olivia had paid $6,000 for the stock three years ago, and had held it as an investment. At the time of the gift, the stock had a FMV of $8,000. In August 2021, Julie, who also held the stock as an investment, sold the stock for $9,000. What is the amount and character of gain recognized by Julie as a result of the sale?

• 1,000 LTCG
• 3,000 STCG
• 3,000 LTCG
• 1,000 STCG