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?
    GM got a bailout, but its shareholders didn't. With tax time at hand ... It sure sounds like the old GM stock is worthless. But it's not quite so. Motors Liquidation (ticker symbol MTLQQ) continues to trade on the pink sheets market.
    09/10/2013 - 1:00 pm | View Link
  • Motors Liquidation Discloses 23.1% Ownership in General Motors (GM)
    up to 30,000,000 additional shares of Common Stock. Motors Liquidation Company percentage ownership in GM is 23.1% based on a total of 1,833,470,329 outstanding shares, which is the shares count after the warrants are exercised. Before the warrants ...
    03/17/2011 - 11:31 am | View Link
  • No stock exchange for old, new GM shares
    It was a hallelujah moment when GM repaid taxpayer-backed loans five years ahead of schedule. And now the company is planning to sell millions of new shares of common stock for $32 to ... GM is now known as the Motors Liquidation Co. It is separate and ...
    11/16/2010 - 11:00 am | View Link
  • New GM Could Get Billions in Tax Breaks from Motors Liquidation, Also Known as Old GM
    at least for tax purposes. Motors Liquidation is also known as "Old General Motors," the assets "New GM" dumped in bankruptcy. It's been more than a year since General Motors went bankrupt, reorganized as New GM and put together the current GM initial ...
    11/8/2010 - 12:31 am | 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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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.
    03/28/2015 - 1:35 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.
    03/27/2015 - 9:03 pm | View Website
  • GM Stock Quote
    Former Chairman and CEO of General Motors Company, and Vice Chairman, Carlyle Group, Daniel Akerson Joins Vixlet as Special Advisor to the Co ...
    03/27/2015 - 8:49 pm | View Website
  • Motors Liquidation Company
    General Motors Corporation Court Documents and Claims Register
    03/27/2015 - 3:12 pm | View Website
  • General Motors
    General Motors Company, commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan, that designs, manufactures, markets and ...
    03/27/2015 - 2:26 am | View Website
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