Farm families may worry most about estate tax, but income tax can bring the...

https://www.nav-bookmarks.win/farm-families-often-worry-about-estate-tax-but-income-tax-can-bring-the-bigger

Farm families may worry most about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture on equipment and a basis step-up that resets inherited property’s tax value can affect what heirs owe.