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   
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    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 ...
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  • Singletary: GM’s old stock not worth much
    General Motors will be issuing new ... 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 purposes. If you are still ...
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  • 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 ...
    04/10/2010 - 1:00 pm | View Link
  • You can get tax break on old GM stock, if you unload it
    Now that the big automaker is on the mend after a quick bankruptcy, Lisk wonders whether maybe her old GM stock could end up being worth something after all. It won't. "I'm very disappointed," she said. With tax time ... a share in Motors Liquidation ...
    02/14/2010 - 11:00 pm | View Link
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  • » Old GM stock charts
    04.05.2011. Motors Liquidation Company Ceases Trading. original article written by Net Advisor™ The “old (and the original) General Motors” stock that became ...
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    QUANTUMONLINE.COM SECURITY DESCRIPTION: General Motors Co., 4.75% Series B Mandatory Convertible Junior Preferred Stock, liquidation preference $50 per share.
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