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

https://www.bookmark-friend.win/many-farm-families-plan-for-estate-tax-then-face-a-bigger-income-tax-bill-when

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.