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.
room and board fees will increase by 3 8 percent or $ 302 per year for a total of $ 8226 annually we remain sensitive to the increased burden students and their families must carry as state support for higher education continues to decline said virginia tech president timothy d sandsowever 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