Tax questions regarding selling a house

[Ashlie Tiscornia]

I bought a house in April for $26000, right now the house itself is worth $80,000. If I did some minor repairs on the house and sold it for let's say $120,000 (that's just an estimate) what would my taxes look like for next year? A little back story, this is my first purchase, I was going to BRRRR this property to start out but I currently don't qualify for a refi loan. So, my plan has changed to use some of this capital to pay off my debt to be able to qualify for a loan. I just don't want all of this to be eaten up by taxes. So I guess I'm looking for advice here.