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.
Tuition and Fees Discounted Based On Residency. Full-time undergraduate students that do not reside in Virginia paid $21,141 in tuition and fees for the 2013 - 2014 school year prior to adjustments for financial need. Of this amount, $17,751 was the cost of tuition and $3,390 the cost of fees.