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.
Total: $339.93 per credit hour. Tuition & fees are to be paid in the Business Office of West Hall (room 155). *In state tuition also applies to military dependents, dual enrolled students, and e-rate in-state students.n-state rates apply to those stationed at Virginia military installations who have an out-of-state domicile; however, the mandatory fees for those students include a capital fee assessed to other out of state students. $122.50 per credit hour. $7.50 per credit hour technology fee.