I am going to modify my previous response when I indicated that most of the technical issues may not apply since you are MFJ.
The biggest issue would be the basis of the assets that are distributed in a liquidating distribution.
There are specific rules that dictate how the basis of those distributed assets are determined.
This may require a visit with a tax professional, but once again, we have limited facts so don't know the extent of the impact to your situation.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
