In 4 years I will receive 680.00/month for 10 years. ($50,000.00) put in structured settlement...

status, in 2007. If I cash this out early, will I have to pay taxes? I got a quote of about $22,00.00. I know I will lose alot of money by doing this but could use the money now for some bills. If I have to tax it, it would not be worth it.

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