Farm families may fear estate tax, yet income tax can bring the bigger surprise...

https://www.bestbookmarks.win/farm-heirs-may-fear-estate-tax-but-income-tax-can-hurt-more-at-handoff-learn

Farm families may fear estate tax, yet income tax can bring the bigger surprise at succession. See how depreciation recapture can tax “paid-off” equipment, while a basis step-up can reduce tax when heirs sell inherited land.