Double Income selling rental Property

[Rajesh T.]

I have listed my rental home of 6yrs for sale, our situation me and wife are working and the capital gains tax quite doesn't look correct. I was told the capital gain tax doesn't avoid us from actually adding the profit back to our income as other income, so in effect you are taxed twice 1. capital gain 2. profit from sale added to our regualr income..what am i missing here?

isn't rental home treated separately as getting taxed only once as capital gains and my regular income on 1040.