If you sell your structured settlement in CA for over $100,000 do you have to pay taxes on it?

Question

I was thinking about selling my structured settlement and was wondering if I would get taxed and if so how much?

Answer 1

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.

Answer 2

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.
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Answer 3

Hi, so i understand you want to sell your settlement, is this right. Please go to my web-site at 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.

Answer 4

not sure get a lawyer