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Asked 12/10/2007

Possible Assessd Tax

Will there be tax assessed if I should sell 10 years of an annuity from a civil settlement to a company that specializes in such deals?

 
 
 
 
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Answer 1/1 - Submitted 1/24/2011

If the settlement is not taxed, then the sale of it should not be, either. You are only converting your annuity to a present-value lump sum, not selling it for more than it is worth or more than you are already due.

 
 
 
 
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