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:
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  • No stock exchange for old, new GM shares
    But investors who are holding the old GM stock are probably not so elated. Their shares are nearly worthless, except to those who sell them to lock in their losses for tax-deduction purposes ... GM is now known as the Motors Liquidation Co. It is separate ...
    11/16/2010 - 11:00 am | View Link
  • Amid Blight and Scavenging, ‘Old GM’ Plants Linger
    This new General Motors is selling cars, making money and preparing a public stock offering. The least valuable assets, including the run-down factories in Flint, were left in the shell of the old G.M., now named the Motors Liquidation Company. This ...
    09/15/2010 - 12:55 am | View Link
  • Can you deduct a loss for your worthless GM stock?
    One of the many spectacular failures of 2009 was General Motors. Unbelievably, GM went from one of the most important companies and stocks in the nation to a penny stock. GM got a bailout, but its shareholders didn't. With tax time at hand, you may be ...
    04/10/2010 - 1:00 pm | View Link
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