Farm families often worry about estate tax, but income tax can bring the bigger...

https://www.bookmark-jungle.win/many-farm-families-worry-about-estate-tax-then-face-a-bigger-income-tax-bill

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can tax past equipment write-offs, and how a basis step-up can reset inherited land’s tax value.