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Submitted By: someone
Answered: August 28, 2017 10:55 pm
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
Partnership
An unincorporated business or income-producing entity organized by two or more persons. A partnership is not subject to tax but passes through to the partners all income, deductions, and credits, according to the terms of the partnership agreement.
