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

https://www.romeo-bookmarks.win/farm-families-often-expect-estate-tax-to-be-the-big-succession-cost-but-income

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can make “paid-off” equipment taxable, and how a basis step-up may lower taxes on inherited assets.