1. A calendar year taxpayer purchased land and a residential building for $20,000,000 on November 22, 2015. It was determined that 25% of the purchase price would be allocated to the land. What is the residential buildings adjusted tax basis on December 31, 2018 (rounded to the nearest $500)? A. $4,432,000. B. $13,167,000. C. $13,295,500 D. $13,363,500 E. $18,363,500