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 ...
    09/10/2013 - 1:00 pm | 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 - 9:55 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
  • 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 ...
    11/16/2010 - 1:49 pm | 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 ...
    11/16/2010 - 1:49 pm | View Link
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BING SEARCH:
  • 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.
    02/28/2015 - 8:42 pm | View Website
  • General Motors Co (NYSE:GM)
    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
    02/28/2015 - 8:14 pm | View Website
  • GM Stock Price & News
    6 hours ago; MarketWatch.com; GM deals another blow to Ally Financial. MarketWatch.com; 6 hours ago; The Wall Street Journal; GM Deals Another Blow to Ally Financial
    02/28/2015 - 8:06 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.
    02/28/2015 - 2:51 pm | View Website
  • 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 ...
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