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   
ASK NEWS:
  • Fitch Affirms General Motors' and General Motors Financial's IDRs at ... - Morningstar.com
    Fitch Affirms General Motors' and General Motors Financial's IDRs at ... - Reuters
    08/27/2014 - 4:00 am | View Link
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BING NEWS:
  • 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 ...
    09/7/2014 - 8:31 pm | 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 - 6:27 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 ...
    11/20/2010 - 2:37 am | View Link
  • Singletary: GM's old stock not worth much
    But investors who are holding the old GM stock are probably not so elated. Their stocks are nearly worthless, except to those who sell shares to lock in their losses for tax-deduction ... GM is now known as the Motors Liquidation Co. It is separate and ...
    11/17/2010 - 1:49 am | View Link
  • No stock exchange for old, new GM shares
    But investors who are holding the old GM stock are probably not so elated ... 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 after the well-publicized ...
    11/16/2010 - 11:00 am | View Link
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BING SEARCH:
  • GM:New York Stock Quote
    Company Profile & Key Executives for GM. General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers ...
    09/20/2014 - 2:23 pm | 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 ...
    09/20/2014 - 12:29 pm | View Website
  • General Motors | Official Global Site | GM.com
    General Motors is home to Buick, Cadillac, GMC and Chevrolet. Find the latest news about GM automotive innovations, investor relations and more.
    09/20/2014 - 9:01 am | View Website
  • GM Stock Price & News
    1 hours ago; MarketWatch.com; General Motors CEO Mary Barra accepts criticism from NHTSA. MarketWatch.com; 1 hours ago; The Wall Street Journal; GM's Barra Accepts ...
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  • 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.
    09/19/2014 - 11:07 pm | View Website
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