sale of 2nd home

[RogerB810]

My wife and I sold our 2nd home we have own for nine years. We upgraded the house over the last four years. Specifically, what can I deduct from the sale to reduce my tax?

I understand that if my taxable income is lower than $80,000 I will not pay any taxes on it?

[Critter-3]

It is just this simple : 

Purchase price + cost to buy + improvements + cost to sell =  cost basis

Sales price - cost basis =  Capital gain or loss 

To determine the taxes on your return when you have a Capital gain you need to use the Sch D  cap gain worksheet.  https://www.irs.gov/pub/irs-pdf/i1040sd.pdf

[RogerB810]

The house is in The Villages, FL. I sold it with all furniture, golf carts and etc. I assume because they were part of the house price, I can deduct there cost as well.