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Jane's personal residence property has been condemned by the city government. She has an adjusted basis of $26,000 and was paid $36,000 by the city

Jane's personal residence property has been condemned by the city government. She has an adjusted basis of $26,000 and was paid $36,000 by the city in 2019. Jane realized the $10,000 gain and also purchased a like-kind property for $35,000 to replace the property. Jane properly elected to defer the gain on her 2019 tax return. What is the net taxable gain and where is it reported?

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$36,000 on Schedule D

$1,000 on Schedule D

$1,000 on Form 1040 Schedule 1

$26,000 loss on Form 4684

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