Farm families often worry about estate tax, but income tax can bring the bigger...

https://cashsexcellentblogs.rivetgarden.com/posts/what-does-irc-section-1015-mean-when-i-gift-farmland-to-my-daughter

Farm families often worry about estate tax, but income tax can bring the bigger surprise when land or equipment changes hands. Learn how depreciation recapture on “paid-off” machinery works, and how a basis step-up resets value for heirs.