Essentials of Federal Income Taxation 21, MACRS, Real Property. (Obj. 1) On April 3, 1993, a taxpayer purchased land and an office building for $350,000 ($75,000 of the $350,000 is allocated to the land). On August 2. 2019, the taxpayer sold the office building. Compute MACRS on the building for 2018, and the taxpayer's adjusted basis in the office building at the time of the sale