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 Commonwealth University's ranking in the 2016 edition of Best Colleges is National Universities, 156. Its in-state tuition and fees are $12,772 (2015-16); out-of-state tuition and fees are $30,838 (2015-16).