I was thinking about selling my structured settlement and was wondering if I would get taxed and if so how much?
If you sell your structured settlement in CA for over $100,000 do you have to pay taxes on it?
12
Mar
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temeculawebbuilder
March 12, 2010 at 4:08 pm
not sure get a lawyer
v b
March 12, 2010 at 4:12 pm
If you sell a structured settlement, you need to have someone look at exactly what you are getting paid for. If it’s a return of capital, it isn’t taxed. If it’s an income stream that would have been taxed when you got it, then it’s fully taxable if you get all the money at once.
wartz
March 12, 2010 at 4:17 pm
Ask the company that you are thinking of selling to what interest rate they are imputing into the lump sum payment. If they seem reluctant to tell you, that guarantees that you are about to be hosed.
hubby
March 12, 2010 at 5:03 pm
Hi, so i understand you want to sell your settlement, is this right. Please go to my web-site at http://www.cash4cashflows.com, and you can sell your settlement right there. If you have any questions, please call me james at 1-937-325-0683.
fastfreequote
March 12, 2010 at 5:46 pm
Yes,any cash you have in a lump sump payment is considered to pay taxes,unless maybe you can put in a retirement account,see a tax specialist asap.
I am interested in your settlement.Please Stop on over for a
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