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

https://victoriassmartword.publishlane.com/posts/can-heirs-get-blindsided-by-taxes-even-if-they-never-owed-estate-tax

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. Learn how depreciation recapture on paid-off equipment can create a bill, and how a basis step-up may reduce tax when heirs sell inherited assets.