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   
  • Can you deduct a loss for your worthless GM stock?
    Each share of GM stock became a share in Motors Liquidation. While it was widely reported ... If the security became completely worthless during the tax year, you can take a loss treating the security as if it were sold for $0 on the last day of the ...
    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
  • 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
  • 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
  • Uncle Sam Refuses To Pay For Old GM Stock, Probably‚Ķ
    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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  • General Motors Company (GM)
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    05/23/2015 - 9:54 am | View Website
  • General Motors Investor FAQs
    Q: Who is General Motors Company’s stock transfer agent and what is their role? A: General Motors Company’s registrar and stock transfer agent is Computershare ...
    05/23/2015 - 9:54 am | View Website
  • GM Stock Price & News
    1 hour ago; Barron's; GM Stock Is 40% Undervalued. Barron's; 16 hours ago; The Wall Street Journal; U.S. Extends Its Safety Oversight of General Motors . The Wall ...
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