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.
blacksburg va march 30 2015 8211 the virginia tech board of visitors approved tuition and fees for the 2015 16 academic year the board approved a 3 9 percent increase in tuition and mandatory fees for both resident and non resident undergraduate studentsowever to provide additional support to students from lower income families virginia tech will increase its contribution to student financial aid by more than $ 1 3 million in the coming fiscal year bringing total institutional support to $ 17 1 million