re: Does anyone know how I am to be taxed on a home sold?

1st step is to determine your gain which is the selling price minus your basis and selling expenses. Your basis is your purchase price of the property plus any improvements made over the time you owned it unless it was inherited or gifted to you. An inherited asset's basis is whatever it was worth the date of the decedent's death. A gifted asset's basis is whatever the giver paid for it.
2nd step is to determine if the gain is greater than $250k or $500k if married. Any gain over that applicable threshold is taxed as a long-term capital gain.
Most people don't pay any tax on the sale of their home, but I saw a few this past year on homes that were gifted to the seller which would cause them to have a low basis. The sky-rocketing real estate prices have also made some home sales result in gains >$500k.