Success Stories: Real-Life Examples of How Selling a Structured Settlement Changed Lives
Discover the best way to sell your structured settlement for maximum value with our trusted experts.Kristopher Hillsman19-09-20231 minute read0 Comments
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Settlement money and damages collected in a lawsuit are considered income, which means that the IRS will generally tax that money. In some cases, a tax provision in the settlement agreement that characterizes the payment may result in its exclusion from taxable income.
In short, structured settlements can be an excellent proof of income for mortgage lenders. As long as you can document that you are receiving payments and that your payments are going to last a while, it should be accepted.