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You will not even have to report the sell if you owned and lived in this house as your main home for at least 2 years in last 5.
There is an exclusion of gain for your main home (the 2 year rule I stated) of up to $250,000 of gain if single and up to $500,000 of gain if joint filing.
Buying a new house is not in the rule just that the home you sell was used and owned by you for the 2 years.
If not then yes you pay capital gains tax on the amount you get over your cost.
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