The total amount of taxes paid will be determined by how long you hold the property, your filing status, and total taxable income for the year. If property is held for more than 1 year (long-term), the gain will be subject to capital gains tax rates, which can range from 0% to 20% based on your income (a few exceptions apply where capital gains may be taxed up to 28%). If held less than 1 year (short-term), the gain is added to income and taxed the same as any other income.
https://turbotax.intuit.com/tax-tips/investments-and-taxes/guide-to-short-term-vs-long-term-capital-...
https://www.irs.gov/taxtopics/tc409
