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.
Virginia Residents. 1  Tuition: $10,787. 2  Books and Supplies: $1,210. 3  Other Fees: $2,065. 4  Room and Board: $8,720. 5  Other Expenses Budget: $2,980.