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:
  • 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 - 6:50 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
  • 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
  • Nu? The New New GM Completes Fresh-Start Accounting
    "Completing fresh-start accounting is an important step in that process." The new company, which was formed on July 10, 2009 through the acquisition of substantially all the assets and certain liabilities of Motors Liquidation Company (formerly General ...
    04/6/2010 - 1:00 pm | View Link
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BING SEARCH:
  • FAQs
    ... the Motors Liquidation Company GUC ... of shares of New GM Common Stock, ... What is the tax treatment of a unitholder that holds GUC Trust Units on ...
    03/17/2017 - 7:52 am | View Website
  • General Motors Investors FAQ | GM.com
    The old General Motors Corporation’s common stock ... The receipt of new GM stock and warrants by Motors Liquidation ... You may want to seek the advice of a tax ...
    03/15/2017 - 3:40 pm | View Website
  • General Motors Chapter 11 reorganization
    General Motors Corporation, ... Motors Liquidation Company's stock symbol was changed from GMGMQ to MTLQQ, ... Local tax incentives amounted to $1.7 ...
    03/14/2017 - 4:10 pm | View Website
  • How to deduct loss on General Motors stock when GM filed ...
    How to deduct loss on General Motors stock when GM filed for bankruptcy ... that Motors Liquidation Co. ... the old GM stock was not officially worthless by tax ...
    03/13/2017 - 11:56 pm | View Website
  • Cost basis allocation question: GM bonds conversion to ...
    Cost basis allocation question: GM bonds conversion ... The receipt of new GM stock and warrants by Motors Liquidation ... Your final tax basis could not be ...
    03/13/2017 - 6:53 am | View Website
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