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

https://www.tool-bookmarks.win/many-farm-families-expect-estate-tax-to-be-the-big-succession-bill-then-face-a

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.