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.
Undergraduate Tuition. Virginia Commonwealth University tuition is $10,223 per year for in-state residents. This is 59% more expensive than the national average public four year tuition of $6,429. The cost is $7,836 and 43% cheaper than the average Virginia tuition of $18,059 for 4 year colleges.