Selling home I just bought 11 months ago, Do I pay Taxes on sale?

[David J.]

I bought a home for $385K close to 1 year ago. I put a down payment of $90K. I also spent $30K fixing it up.

The $90K down came from a refinance of a different property. Ignoring 1031 options, .. If I sell the house now, will I need to pay TAXES on the $90K as though it's profit? I hope not because it's just my down payment coming back to me that I am already paying for over 30 years in a different loan. 

Can someone explain how this works?