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

https://titusscoolinsight.capitaljays.com/posts/how-do-i-compare-selling-gifted-land-vs.-selling-inherited-land

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.