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

https://www.normalbookmarks.win/farm-families-often-expect-estate-tax-to-be-the-big-succession-cost-but-income

Farm families often fear estate tax, but income tax can bring the bigger surprise. Learn how depreciation recapture taxes past equipment write-offs and how a basis step-up resets an inherited asset’s tax value, potentially reducing tax when heirs sell.