Bought land from sale of home tax free now selling land.

[Levi Kruse]

Hello I am hoping that someone can help me out here. 

I sold my primary residence last year and have been renting, I used the proceeds from the sale to buy a vacant lot and now I am changing directions and selling it, it closed today.

My question is this: will I have to pay taxes on this even though the money used to buy the land was tax free and I am selling at the same price I bought it for? If so is there any way to get around it like a 1031 exchange or something? 

This will essentially make it look like I made twice my regular yearly income and I am worried what the taxes will look like,