Rob's property was condemned by the state. He did not hold the property for use in a trade or business or for investment. The adjusted basis of his property was $126,000 and the state paid Rob $136,000 for the property. Rob realized a gain of $10,000. He bought like-kind property for $125,000. Rob made a proper Internal Revenue Code section 1033 election to defer gain from the condemnation on his tax return. What is the net taxable gain and where must Rob report it?

a.$136,000 on Form 4797 - Sale of Business Property

b.$11,000 on Schedule D

c.$10,000 on Schedule D

d.$10,000 on Form 4797 - Sale of Business Property