Farm families may plan for estate tax and still get blindsided by income tax....

https://dibz.me/blog/gifting-the-farm-to-my-kids-now-will-they-inherit-my-low-basis-1282

Farm families may plan for estate tax and still get blindsided by income tax. Learn how depreciation recapture can make “paid-off” equipment costly for heirs, and how a basis step-up can reduce taxes when they sell inherited assets.