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 Tech, with an average starting salary of $51,600, ranks fifth in the nation, behind Stanford, Duke, Georgia Tech, and Notre Dame.The ACC ranked first among all FBS conferences. Virginia Tech also ranked in the top 20 nationally for mid-career salaries of graduates of FBS schools.he ACC also placed first among the same conferences for mid-career salaries of graduates, with an average of $90,192. Read further information aboutstarting salaries and where Hokies are employed after graduation on the Career Services website.