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:
  • Gov’t expects to finish GM stock sale by year end
    DETROIT (AP) — The U.S. government expects to ... liquidation. Treasury gradually has sold off its stake since a November 2010 initial public offering. The Canadian government, which also took part in the bailout, still owns about 8 percent of GM stock.
    11/21/2013 - 4:04 pm | View Link
  • Government expects to finish GM stock sale by year end
    The U.S. government expects to sell the last of its stake in General Motors by the end of the year ... the cost to the country would have been substantial - in terms of lost jobs, lost tax revenue, reduced economic production and other consequences ...
    11/20/2013 - 11:01 pm | View Link
  • GM Prices Senior Notes, Moody's Rates Ba1
    General Motors Company (GM ... of its Series A Preferred Stock from the UAW Retiree Medical Benefits Trust (UAW VEBA). The company will repurchase the shares at a premium price of $27 per share compared with the liquidation preference of $25.
    09/25/2013 - 6:17 am | View Link
  • Ford: Why We Disagree With Berkshire On Ford Vs. GM
    Despite the fact that GMAC had 50% more revenues than Ford Motor Credit in 2005, Ford Motor Credit's pre-tax ... Motors Liquidation Trust (Old GM) (5.2%). In contrast, the Ford Family controls 40% of Ford's voting rights through its Class B super-voting ...
    06/14/2012 - 8:39 pm | View Link
  • GM estate wins court approval of liquidation terms
    NEW YORK (Bloomberg) -- General Motors Corp.'s unwanted businesses in bankruptcy won approval of liquidation terms from a judge who ... A plan for Old GM first filed in August proposed giving stock and warrants in new GM to satisfy the claims of unsecured ...
    12/8/2010 - 11:00 am | View Link
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