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Hi there,
Question related to Tax..
Can I distribute Principal amount of home loan under 80C between two People..
For example.. I Have principal amount of 2Lac.. and want to distribute it in 1.5 Lac & 50k between me and my Dad.. (my dad is co-owner in loan)
Can't find answer online so asking here.. if you find it... Link will be helpful.
Thanks
Accenture Tata Consultancy Deloitte EY PwC KPMG ZS Associates
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$3000-$3500 but I don’t like to be “house poor”
$3000 limit for me, but $3500 would be pushing it.
Pro
Even if you have $60k in savings - try to buy your home and start building equity. I’m early 30s and own my 1550 sqft home in SM.
😂
Pro
$3-$3.5K prob? But depends on how much that TC is base vs bonus/RSUs.
I’d do at least $3k. $2500 is gonna be slim pickings in that area and you’ll probably be at risk of not having parking or communal laundry unless you find a diamond in the rough
Lol and here I am dropping 5K on rent lol
Yeah just the reference to 5K, shit is just expensive nowadays lol.
Chief
No more than $2,700. Absolute max.
Damn, that’s what my partner and I pay in Westwood w/ TC (combined) of $140k
Rising Star
Debt-free at 250K is a good place to be. I would be looking to buy, and if I don’t have the down payment saved up, I’d be living with the cheapest rent I could tolerate in order to save up.