Submitted By: someone
Answered: August 28, 2017 10:55 pm

I inherited a Roth IRA and know I have to take required minimum distributions. Can I also make contributions to the account?

Only a surviving spouse who rolls over an inherited Roth IRA can treat the account as his/her own and make contributions to it. A non-spouse beneficiary who wants to contribute to a Roth IRA must set up a separate account.

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Tax Glossary

Mortgage interest

Fully deductible interest on up to two residences if acquisition debt secured by a home is $1 million or less, and home equity debt is $100,000 or less.

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