Oscar, a single taxpayer, sells his residence of the last 10 years in January of 2022 for $190,000. Oscar’s basis in the residence is $45,000, and his selling expenses are $11,000. If Oscar does not buy a new residence, what is the taxable gain on the sale of his residence?

a. $145,000

b. $134,000

c. $45,000

d. $9,000

e. $0