Scenario:
I have a form 1099-R with code 1M (Qualified plan loan offset). I do not have a Traditional IRA. I only have a 401-K from my previous employer from which I received the form 1099-R.
Question:
Can you please suggest a Traditional IRA that I can open online and deposit the amount online as well?
I am looking to do the rollover to avoid penalty and additional income tax.
