Donald an aspiring young developer gets a small 100-million-dollar gift from his wildly successful father. Donald wants to shake up the real estate world, so he immediately begins spending. Here are the relevant transactions, all of them occur in 2020. Do not worry Donalds return is on extension so he will not have to file until 10/15/2021.

1. Donald cannot be seen pulling up to a business deal in anything less than his best, so he purchases a Lamborghini Aventador. The price tag is $850,000 and he tells you that it will be 75% business use. He purchases the vehicle on 01/05/2020.
2. Donald sees a new apartment complex for sale in midtown Manhattan and decides he cannot pass it up. The price tag is $37 million of which he believes 15% of the price is based on the land alone. Donald purchases the building and land on 04/01/2020.
3. Wanting to own both residential and commercial property Donald sees a $48 million commercial property up for sale and closes the purchase on 04/15/2020. He figures 20% of the purchase price fairly represents the value of the land.
4. Realizing both properties produce quite a bit of trash, Donald purchases a dump truck for on 05/01/2020 for $250,000 to haul the trash away. Donald can be seen in such an ugly truck so it will be solely used for business. The truck is well beyond 6,000 lbs. fill out form 4562 and one paragraph for each transaction that details how you arrived at the answer