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.
The in-state tuition and. fees charges for the school are only $10,000. Your total tuition and fees exceed the amount. payable under the Post-9/11 GI bill by $6,000. VA will pay a total of $10,000 to your school for. your tuition and fees. You are responsible for the. $6,000 charged to out of state students.