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

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

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. Learn how depreciation recapture on paid-off equipment can create a bill, and how a basis step-up may reduce tax when heirs sell inherited assets.