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   
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    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 ...
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  • Singletary: GM’s old stock not worth much
    General Motors will be issuing new ... 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 purposes. If you are still ...
    11/17/2010 - 2:50 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. 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
  • 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
  • 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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  • » Old GM stock charts
    04.05.2011. Motors Liquidation Company Ceases Trading. original article written by Net Advisor™ The “old (and the original) General Motors” stock that became ...
    10/22/2016 - 5:02 am | View Website
  • General Motors Chapter 11 reorganization
    The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of ...
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  • Obama's General Motors [ GM ] Tarp Bailout
    How the government General Motors Tarp bailout skirted and ignored the rule of law and economic common sense. With 2013 updates for gm bailout details
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  • GM-B Search Results
    QUANTUMONLINE.COM SECURITY DESCRIPTION: General Motors Co., 4.75% Series B Mandatory Convertible Junior Preferred Stock, liquidation preference $50 per share.
    10/20/2016 - 2:01 pm | View Website
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