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.
The average reported annual net price for Virginia Tech for students receiving grants or scholarship aid was $18,398 in 2014/2015. To gauge a more realistic picture of what it may really cost you out of pocket to go to Virginia Tech, we've modeled a ten year student loan with an original principal value of $70,524. The loan balance of $70,524 is a four year multiple of the $17,631 average net price.