When a farm changes hands, income taxes can catch a family off guard before...

https://www.bookmarking-presto.win/a-paid-off-tractor-can-still-trigger-a-tax-bill-when-a-farm-changes-hands

When a farm changes hands, income taxes can catch a family off guard before estate tax becomes an issue. Fully depreciated equipment may trigger depreciation recapture, which means the IRS can tax some past write-offs when the family sells it