@clcRichard - you have it right, but it's the 24% tax bracket.
but that is IF you stick with the value of the home being $82k and you sold before the one year anniversary of the transfer from your parents.
But I suspect the home was worth a lot more than $82k - and this is where the help of a local professional is suggested. if the house was really worth, let's say, $252,000 on the day of the transfer, meaning $170,000 was a gift and then the tax calculation is a lot, lot lower.
if you waited to close on the sale until after the 1 year anniversary of the purchase (but before the 2nd anniversary), the tax is only going to be 15% as it is a long term capital gain.
please see a local professional; they are going to save you more in taxes than what they are going to charge you.
