Even though you did have a gain on the sale of the property, if you had capital losses also reported on your return then your gain would have been reduced. Since your gain was long term, it is possible that your tax rate could be 0% depending on the other income reported on your return.
If part of your taxable income is due to long-term capital gains or qualified dividends, then your tax amount is not determined strictly by using the Tax Tables. Qualified dividends and capital gains are taxed at a lower rate and therefore your overall tax may be lower.
The worksheet used to calculate your taxes when taking capital gains into account is found in the IRS Instructions for Form 1040. It is called the Qualified Dividends and Capital Gains Tax Worksheet. This worksheet will be included as part of your tax return if it is being used to calculate your tax.
You can also find it on page 35 of the PDF document at this link: 2020 Form 1040 Instructions
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