1. Can I write off a loss on my General Motors 401k when they went into bank
ptcy?
I have a PSP 401 K from when I worked for General Motors.. I watched 38,000.00 i
in investments go down to 2,000.00 the year General Motors filed chapter 11. The
y took what was left and put it in mutual funds. I am 67 years old and this is a
ll I have left of the little bit that I did have. Please advise. Thank You
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