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.
Annual Prices. Residents of Virginia pay an annual total price of $29,572 to attend University of Virginia Main Campus on a full time basis. This fee is comprised of $12,604 for tuition, $10,400 room and board, $1,270 for books and supplies and $2,588 for other fees.