If you sold a business for 1.2million dollars how much does the IRS get?

The amount the IRS receives from the sale of a business for $1.2 million depends on various factors, including your tax bracket, capital gains tax rate, and any applicable deductions or exemptions. Generally, if the sale results in a capital gain, the IRS could take a percentage of that gain, which could range from 0% to 20% for long-term capital gains, plus any applicable state taxes. It's important to consult a tax professional to calculate your specific tax liability accurately.