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?
    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 ...
    09/10/2013 - 1:00 pm | 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 ...
    03/24/2012 - 6:00 pm | View Link
  • GM stock, warrants being sold
    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 ... nation’s second largest tax preparer said its lenders ...
    05/24/2011 - 4:00 pm | View Link
  • Those with old GM stock will be at end of the line
    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 ... GM is now known as the Motors Liquidation Co. It is separate and distinct ...
    11/20/2010 - 2:37 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 - 1:49 am | View Link
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BING SEARCH:
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    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.
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    General Motors Co. Stock - GM news, historical stock charts, analyst ratings, financials, and today’s General Motors Co. stock price.
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  • GM:New York Stock Quote
    General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts ...
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