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

Accountable reimbursement plan

An employer reimbursement or allowance arrangement that requires you to adequately substantiate business expenses to your employer, and to return any excess reimbursement.

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