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

https://travistrcm708.theburnward.com/why-is-income-tax-a-bigger-farm-succession-problem-than-estate-tax

Farm families often worry about estate tax, but income tax can bring the bigger surprise when land or equipment changes hands. Learn how depreciation recapture on “paid-off” machinery works, and how a basis step-up resets value for heirs.