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?
    GM got a bailout, but its shareholders didn't. With tax time at hand ... It sure sounds like the old GM stock is worthless. But it's not quite so. Motors Liquidation (ticker symbol MTLQQ) continues to trade on the pink sheets market.
    09/10/2013 - 1:00 pm | View Link
  • Motors Liquidation Discloses 23.1% Ownership in General Motors (GM)
    up to 30,000,000 additional shares of Common Stock. Motors Liquidation Company percentage ownership in GM is 23.1% based on a total of 1,833,470,329 outstanding shares, which is the shares count after the warrants are exercised. Before the warrants ...
    03/17/2011 - 11:31 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 ...
    11/16/2010 - 1:49 pm | View Link
  • No stock exchange for old, new GM shares
    It was a hallelujah moment when GM repaid taxpayer-backed loans five years ahead of schedule. And now the company is planning to sell millions of new shares of common stock for $32 to ... GM is now known as the Motors Liquidation Co. It is separate and ...
    11/16/2010 - 11:00 am | View Link
  • Uncle Sam Refuses To Pay For Old GM Stock, Probably…
    Moreover, shares in Motors Liquidation will emphatically not be exchanged for stock in the New GM when it makes its IPO later this year. It seems that bad news should lead to some good news: a 2009 tax write off. For the non-financially minded, a tax write ...
    02/15/2010 - 11:00 am | View Link
  • More
BING SEARCH:
  • Motors Liquidation Company
    General Motors Corporation Court Documents and Claims Register
    07/1/2015 - 9:08 am | View Website
  • MTLQQ Stock Quote
    Motors Liquidation Company designs, manufactures, and markets automobiles. The Company offers passenger cars, light truck, and spare parts and equipments.
    07/1/2015 - 5:55 am | View Website
  • GM
    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
    07/1/2015 - 5:47 am | View Website
  • GM Stock Quote
    Updated stock quote for gm - including gm stock price today, earnings and estimates, stock charts, news, futures and other investing data.
    07/1/2015 - 3:24 am | View Website
  • 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.
    06/30/2015 - 3:00 pm | View Website
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