At succession, many farm families worry about estate tax, but income tax can...

https://wiki-canyon.win/index.php/Do_I_Need_an_Appraisal_for_Step-Up_in_Basis_on_Farmland%3F

At succession, many farm families worry about estate tax, but income tax can bring the bigger shock. Learn how selling equipment can trigger depreciation recapture, and how a basis step-up may lower taxes on inherited land.