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:
  • 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 - 1:00 pm | 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 ...
    11/19/2010 - 11:00 am | View Link
  • No stock exchange for old, new GM shares
    And now the company is planning to sell millions of new shares of common stock for $32 to $33 per share ... 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 ...
    11/16/2010 - 11:00 am | View Link
  • Uncle Sam Refuses To Pay For Old GM Stock, Probably…
    Such letter justifies writing ‘worthless’ when tax forms ask about the sell price of a stock, representing a loss. However, that is not applicable for GM stock. If the shares are being traded at any non-zero price, as Motors Liquidation shares ...
    02/15/2010 - 11:00 am | View Link
  • You can get tax break on old GM stock, if you unload it
    With tax time at hand, other investors are wondering ... The key point to understand: Investors who own Motors Liquidation shares will not be handed spanking new stock in the restructured GM when the company makes its initial public offering.
    02/14/2010 - 11:00 am | View Link
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BING SEARCH:
  • General Motors
    Based on global sales, General Motors is routinely among one of the world's largest automakers. Headquartered at the Renaissance Center in Detroit, GM employs ...
    07/30/2014 - 6:49 am | View Website
  • General Motors Stock Information | eHow
    General Motors has also tried to discourage trading in the stock of Motors Liquidation Co., saying that management "continues to remind investors of its strong belief ...
    07/30/2014 - 5:02 am | View Website
  • Investor FAQs | GM.com
    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 ...
    07/30/2014 - 4:33 am | View Website
  • gm Stock Price Today
    Dividend Yield A company's dividend expressed as a percentage of its current stock price. P/E Ratio The Price to Earnings (P/E) ratio, a key valuation ...
    07/30/2014 - 12:16 am | View Website
  • GM
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