Farm families may worry about estate tax, but income tax can bring the bigger...
https://wiki-spirit.win/index.php/How_Do_I_Know_If_My_Farm_Is_One_of_the_Rare_Estates_That_Might_Owe_Estate_Tax%3F
Farm families may worry about estate tax, but income tax can bring the bigger shock at succession. Learn how depreciation recapture can make paid-off machinery trigger a tax bill, and how a basis step-up may lower taxes when heirs sell inherited land.