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Hi, depends how you long you owned it and how you have treated it since you bought it for tax purposes. If you have been depreciating it, you will need to lower your cost basis by that amount and then determine the difference between adjusted cost basis and sale price. If you owned it more than one year, it is a long term capital gain, otherwise, the difference is a profit and taxable as ordinary income.
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The profit on any home that you sell is subject to taxes (although circumstances may vary due to the taxpayer's age, reinvestment of the profit, etc.), but since this was not your primary residence, the profit is definitely subject to taxes.
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