Get your taxes done using TurboTax

Possibly. It depends on a few things:

1. Is it your personal residence?  If so, have you lived in it for 2 out of the last 5 years?  How long have you owned the home?  If you owned and lived in the home for 2 out of the last 5 years, then you may qualify for the home sale exclusion which would exclude up to $250k ($500k if married filing jointly) of the sale of your home.  In order to qualify you must not have used the home sale exclusion in the past 2 years. 
2. If you do not qualify, the rest of your income will play a part in the tax rate. This would be a capital gains sale so  your tax rate would be between 0% and 20%. The capital gains rates are as follows based on income
   • Zero percent rate for the following income
     • $44,625 for single or MFS
     • $59,750 for HOH
     • $89,250 for Married Filing Jointly
   • Fifteen percent for income more than above but less than below
     • $276,900 for MFS
     • $492,300 for Single
     • $523,050 for Head of Household
     • $553,850 for Married Filing Jointly
   • Twenty percent for the amount that your taxable income is over the 15% level. 

To enter the Sale of a Home select the following:

1. Federal
2. Income
3. Sale of Home under Less Common Income

If it was not your primary home, you will enter it by doing the following:

1. Federal
2. Income
3. Show More next to Investment Income
4. Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) 
5. Select Other
6. Continue through and select second home for the type of investment
7. Answer how you obtained it
8. You will need to enter the selling price, dates and the cost basis of the home