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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    Most of General Motors' assets, including its trademark, were sold off as part of the chapter 11 case, leaving behind a corporate shell—officially named Motors Liquidation Co ... won't affect the trust's tax bill. Lawyers for the trust said in court ...
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  • Saving GM Was a Great Investment
    This week marks the end of so-called "Government Motors ... stock market is a lie. The government will see a clear profit if it hasn't already. It is difficult to know how many of the GM employees that would have been furloughed had GM gone into ...
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  • Consider That Old GM Stock A Lemon
    WASHINGTON -- General Motors will be issuing ... 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.
    11/17/2010 - 11:01 pm | 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
  • Getting Our Money Back: Did the GM Bailout Work?
    The $49.5 billion investment consisted of $2.1 billion of 9% Series A Preferred stock, $6.7 billion of debt ... (hereafter “GM”) and Motors Liquidation Company (OTC:MTLQQ) (MLC) from Old GM. MLC contains the less desirable “assets” of Old GM ...
    11/1/2010 - 11:42 pm | View Link
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  • General Motors Investors FAQ | GM.com
    GM was incorporated in the state of Delaware on July 10, 2009. General Motors Company began its operations when it acquired substantially all of the assets of Motors ...
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  • General Motors
    General Motors Company, commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan, that designs, manufactures, markets, and ...
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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.
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