Many farm families worry about estate tax at succession, but income tax can...

https://jaredsmasterinsights.nexorafield.com/posts/can-an-irrevocable-trust-make-me-lose-the-step-up-in-basis

Many farm families worry about estate tax at succession, but income tax can bring the bigger surprise. Learn how depreciation recapture on equipment and a step-up in basis for inherited assets can change the bill, and what to review before the handoff.