Many farm families worry about estate tax, but income tax can bring the bigger...

https://edwinxrml916.lucialpiazzale.com/what-records-do-i-need-to-track-basis-on-farm-equipment

Many farm families worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can tax gains on old equipment and how a basis step-up may lower tax on inherited land.