Farm families may 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 may worry about estate tax, but income tax can bring the bigger succession surprise. This article explains how depreciation recapture can tax years of equipment write-offs, while a basis step-up may reset the tax value of inherited property.