We had several tax advisors tell us very explicitly that we absolutely had to liquidate the account. Sources on the internet are a bit confusing, but also point to the fact that all non-spousal IRAs still had a 10 year deadline. Calculators provided by ETRADE and other brokerages further confirmed that we indeed had to liquidate, one of them suggested it is actually 5 years and not 10.
So for my sanity and my wife's lets assume we had to do this, good to know that this will be something we take care of on next year's return.
I do appreciate you informing me about Form 5329, was not aware of that. Is that something we can fill out in TurboTax?
