QUESTION 45 In 1989, Roy leased real estate to Drab Corporation for 20 years. Drab Corporation made significant capital improvements to the property. In 2008, Drab decided not to renew the lease and vacated the property. At that time, the value of the improvements was $800,000. Roy sells the real estate in 2020 for $1,200,000 of which $900,000 is attributable to the improvements. When is Roy taxed on the improvements made by Drab Corporation