You are subject to the same capital gains tax rules as if the property were located in the U.S., but you may be able to take a foreign tax credit or deduction for all or part of the taxes you pay to the other country.
You can find an explanation of the foreign tax credit/deduction here: https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
