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.
Paying for UVA. Since UVA is a state university, students who are residents of Virginia enjoy a significantly lower tuition than students from outside the stateâ$13,060 for the 2016-2017 school year at the College of Arts and Sciences, versus $41,722 for students not from Virginia.