sell my liquor store & taxed capital gains?

If I buy a liquor store today for $100,000 & sell it 3 years later for $200,000, is there capital gains tax? How about if I sell it in 1 or 2 years?
The liquor store is in Los angeles area.
Thanks in advance.
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I live in Los angeles and I know that if I live in my house for at least 2 years and sell at higher price than what I paid for, I don't have to pay capital gains tax. Does it apply to small business such as liquor stores or small mom & pop markets as well? If I keep the liquor store for at least 2 years, then I don't need to pay capital gains?
Lee wrote:

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There isn't any gains exclusion for business assets.

Yup.
--
Paul A. Thomas, CPA
Athens, Georgia
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Yes and yes. Some of the gains won't be taxed at the capital gains rates because of the nature of the items sold. Seek competent local help from a CPA or EA.

For federal purposes it doesn't matter.
--
Paul A. Thomas, CPA
Athens, Georgia
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