Old Gm: Motors Liquidation Stock Is Mostly A Tax Writeoff

Q: Does the General Motors stock I own have any value? Should I just take the loss for tax purposes?

Topics:  general motors   should i   stock   tax   
BING NEWS:
  • Can you deduct a loss for your worthless GM stock?
    With tax time at hand, you may be wondering if you can ... the day that GM filed for bankruptcy. Each share of GM stock became a share in Motors Liquidation. While it was widely reported that the shares were worthless, those shares still traded, then ...
    07/2/2014 - 11:00 am | View Link
  • Susan Tompor: Time to claim tax loss on GM shares
    It was not until March 31, 2011, that Motors Liquidation Co. -- the new name for the old GM stock -- stopped trading in the over-the-counter market when it closed at 4 cents a share. So, the 2011 tax return becomes the key time to book a tax loss for a ...
    03/25/2012 - 6:25 am | View Link
  • Those with old GM stock will be at end of the line
    General Motors issued new stock Thursday ... But investors holding the old GM stock are probably not so elated. Their stocks are nearly worthless, except to those who sell shares to lock in losses for tax-deduction purposes. If you are still holding ...
    11/19/2010 - 11:00 am | View Link
  • No stock exchange for old, new GM shares
    And now the company is planning to sell millions of new shares of common stock for $32 to $33 per share ... The old bankrupt GM is now known as the Motors Liquidation Co. It is separate and distinct from the new General Motors. One would think that ...
    11/16/2010 - 11:00 am | View Link
  • Uncle Sam Refuses To Pay For Old GM Stock, Probably…
    Moreover, shares in Motors Liquidation will emphatically not be exchanged for stock in the New GM when it makes its IPO later this year. It seems that bad news should lead to some good news: a 2009 tax write off. For the non-financially minded, a tax write ...
    02/15/2010 - 11:00 am | View Link
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BING SEARCH:
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    The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter ...
    07/22/2014 - 6:12 pm | View Website
  • gm Stock Price Today
    McCaskill Grills Barra Over GM's Millikin During testimony on General Motors' safety recalls. MIssouri Sen. Claire McCaskill grills GM CEO Mary Barra ...
    07/22/2014 - 4:10 pm | View Website
  • GM
    Next reporting date: July 24, 2014: EPS forecast (this quarter) $0.63: Annual revenue (last year) $155.4B: Annual profit (last year) $5.3B: Net profit margin
    07/22/2014 - 3:13 pm | View Website
  • GM: Summary for General Motors Company Common S- Yahoo ...
    View the basic GM stock chart on Yahoo! Finance. Change the date range, chart type and compare General Motors Company Common S against other companies.
    07/22/2014 - 4:21 am | View Website
  • General Motors Stock Information | eHow
    General Motors has also tried to discourage trading in the stock of Motors Liquidation Co., saying that management "continues to remind investors of its strong belief ...
    07/21/2014 - 9:48 pm | View Website
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