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?
    With tax time at hand, you may be wondering if you can ... the day that GM filed for bankruptcy. Each share of GM stock became a share in Motors Liquidation. While it was widely reported that the shares were worthless, those shares still traded, then ...
    07/2/2014 - 11:00 am | View Link
  • 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 ...
    03/25/2012 - 6:25 am | 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
  • 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 - 12:01 pm | 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
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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.
    08/17/2014 - 4:55 am | View Website
  • GM Stock Price & News
    GM Stock Quote - latest news, historical stock charts, analyst ratings, financials, and key stock data. Today’s stock price for General Motors Co..
    08/16/2014 - 9:46 pm | 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 ...
    08/16/2014 - 8:41 pm | View Website
  • MTLQU:OTC US Stock Quote
    Company Profile & Key Executives for MTLQU. Motors Liquidation Company GUC Trust is a post-conformation successor to Motors Liquidation Company.
    08/16/2014 - 4:16 pm | View Website
  • General Motors Chapter 11 reorganization
    The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter ...
    08/16/2014 - 2:50 pm | View Website
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