Farm families often worry about estate tax, but income tax can bring the bigger...
https://city-wiki.win/index.php/Why_Does_Selling_Inherited_Equipment_Sometimes_Create_Little_Tax_but_Selling_Gifted_Equipment_Hurt%3F
Farm families often worry about estate tax, but income tax can bring the bigger surprise. Years of equipment write-offs may come back as taxable income when you sell machinery, even after you’ve paid it off