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:
  • Ford: Why We Disagree With Berkshire On Ford Vs. GM
    Despite the fact that GMAC had 50% more revenues than Ford Motor Credit in 2005, Ford Motor Credit's pre-tax ... Motors Liquidation Trust (Old GM) (5.2%). In contrast, the Ford Family controls 40% of Ford's voting rights through its Class B super-voting ...
    06/14/2012 - 8:39 pm | View Link
  • Old General Motors to sell GM stock, warrants
    The company that got stuck with General Motors Co.’s debts and bad assets will begin selling stock and warrants in the new GM, according to a regulatory filing Tuesday. Motors Liquidation Co ... Council approves income tax on the rich, but quick legal ...
    05/23/2011 - 6:33 pm | 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 ...
    11/17/2010 - 2:50 am | 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
  • 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 ...
    04/11/2010 - 6:40 am | View Link
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BING SEARCH:
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    5 TO THE DEALER’S ACCOUNTANT: The General Motors Dealer Standard Accounting Manual and Handbook is not an explanation of the basic and fundamental principles or ...
    07/27/2017 - 1:37 pm | View Website
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    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    07/27/2017 - 3:07 am | View Website
  • General Motors Chapter 11 reorganization
    It has been suggested that Motors Liquidation Company be merged into this article. Proposed since January 2017.
    07/25/2017 - 2:55 am | View Website
  • General Motors Investor News | GM.com
    Read the latest General Motors financial and investor news on GM.com.
    07/25/2017 - 12:53 am | View Website
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