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

https://www.start-bookmarks.win/farm-families-often-plan-for-estate-tax-then-get-blindsided-by-income-tax-when

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.