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.
If you are attending a private or foreign school, the VA will pay you an annual maximum of $22,805.34. Learn more about Post-9/11 Tuition and Fee coverage. Monthly Housing Allowance. The Post-9/11 GI Bill also pays a Monthly Housing Allowance based on the ZIP code of the location of the school you are attending - not your home ZIP code.