Will I have to pay capital gains tax on sale of property?

[James Black]

Hello everyone. I am about to sell a rental property that will result in 50k-75k in profit. The question I have, which I haven't been able to find a clear answer on, is will I have to pay the 15% tax on gains or 0%. My taxable income is under the 2020 bracket of 78K, but that is before the sale of the property? Will that add to my taxable income and push me from the 0% to 15% bracket? I have done all of the online capital gains calculators with depreciation recapture and improvements, which definitely result in a capital gain.

My intentions are to put the profits from the sale into a couple of rental properties. The house is on the market already, so a 1031 is out of the question since I do not have a future property identified yet.

Thank you for your responses in advance.

James