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

https://www.cool-bookmarks.win/farm-families-often-fear-estate-tax-but-income-tax-can-bring-the-bigger

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can make “paid-off” equipment taxable, and how a basis step-up may lower taxes on inherited assets.