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.
2017 Tuition and Fees. Virginia Resident $405 per credit hour. Non-Virginia Resident $1,024 per credit hour. Hokie Camp Fee $240. Housing Costs $890 (Double occupancy, non air conditioned) Dining Rate $673 (Summer Flex) or $695 (19 meals/week) Other fees apply.