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 - 9:55 pm | View Link
  • Susan Tompor: Time to claim tax loss on GM shares
    The old General Motors stock was delisted on the New York Stock Exchange ... contributing editor for J.K. Lasser's "Your Income Tax." Now that the Motors Liquidation stock stopped trading on the pink sheets in 2011, investors could take that loss ...
    03/25/2012 - 6:27 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
    And now the company is planning to sell millions of new shares of common stock for $32 to $33 per ... 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 after the ...
    11/16/2010 - 11:00 am | View Link
  • Amid Blight and Scavenging, ‘Old GM’ Plants Linger
    This new General Motors is selling cars, making money and preparing a public stock offering. The least valuable assets, including the run-down factories in Flint, were left in the shell of the old G.M., now named the Motors Liquidation Company. This ...
    09/15/2010 - 12:55 am | View Link
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