This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
1 Typical returning Virginia undergraduates will pay annual tuition and fees costs of $10,299. 2  The average cost of a returning in-state undergraduate living in student housing with a meal plan will be $19,381. An annual $414 or 4.19 percent increase in tuition and mandatory fees for in-state undergraduate students. 2  Out-of-state undergraduates will pay a $951 or 3.98 percent increase.