Tax Warrior Chronicles

Tax Implications of Selling a Structured Settlement

Posted on Mon, Mar 27, 2017

By: Ted Nebiolo and Bruce Benjamin, CPA, MT

 

College tuition, purchasing a home, starting a business.  These are all life events that may call for a large, upfront cash outlay.  If you are receiving a structured settlement payable as an annuity, it may be an attractive solution to sell it to obtain the cash for the lump-sum payment. If you are considering this route, know the tax implications and the process that determines the real value of your settlement.

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