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?
    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 ...
    03/24/2012 - 9:00 pm | View Link
  • GM stock, warrants being sold
    Motors Liquidation Co. said in the filing with the Securities and Exchange Commission that the stock and warrants being sold starting ... The nation’s second largest tax preparer said its lenders agreed to a restructuring plan to lower debt and interest ...
    05/25/2011 - 12:00 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
  • 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:
  • MTLQU:OTC US Stock Quote
    Company Profile & Key Executives for MTLQU. Motors Liquidation Company GUC Trust is a post-conformation successor to Motors Liquidation Company.
    10/20/2014 - 4:25 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.
    10/20/2014 - 5:41 am | View Website
  • GM
    © 2014 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. .
    10/20/2014 - 4:44 am | 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.
    10/20/2014 - 2:06 am | View Website
  • General Motors Chapter 11 reorganization
    The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter ...
    10/20/2014 - 1:45 am | View Website
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