THincometax168:You probably don't owe any tax if it is your principal residence, you have live there for more than
two years, and your profit does not exceed $250,000 for single or $500,000 for married file jointly.
 (2015-03-28 18:29) 
sorry, what i asked for was the part of over "$250,000 for single or $500,000 for married file jointly" with <standard deduction>.
老夫:sorry, what i asked for was the part of over "$250,000 for single or $500,000 for married file jointly" with <standard deduction>. (2015-03-29 08:26) 
Please give me a call at 4049034100 to discuss your case.
老夫:this is not my case. i just want to know the right answer if ...... (2015-03-29 11:07) 
Thanks for your questions. "the part of over "$250,000 for single or $500,000 for married file jointly""
should be a long term capital gain. For most people, tax rate is 15%. Hopefully this answers your
questions.