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.
Virginiaâs Community Colleges are meeting an affordable tuition goal: tuition will not exceed half of the average cost to attend a public four-year institution in Virginia. For the 2017-18 academic year, in-state tuition and mandatory fees for our colleges will be approximately $4,508 for two semesters of full-time study (15 credit hours per semester). Tuition rates set by the State Board for Community Colleges for the 2017-2018 academic year (adopted May 2017) are as follows: Virginia Resident â $150.25 per credit hour. Out-of-State Resident â $347.85 per credit hour.