How do capital gains get calculated in California?

[Account Closed]

we are selling a property (rental for past 7 years) and need some guidance on how to calculate Capital gain and depreciation. Property was purchased for 210.000+closing costs (about 3.000) in 2001. In 2011 it was converted into a rental (relocation). Since then we refinanced (cost about 2.000) and spent about 15.000 on repairs. If we sell it for like 290.000 and the real estate agent charges 4.5 percent +closing costs, how much would be the taxes on the depreciation and capital gains? as far as I understand we will only pay tax on the difference between the 210.000+costs and the selling price. The difference between the 210.000 and whatever I already paid of on the loan is ours tax free, right?