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

https://www.ready-bookmarks.win/farm-families-often-worry-about-estate-tax-but-income-tax-can-bring-the-bigger

Farm families may worry about estate tax, but income tax can bring a bigger shock at succession. See how depreciation recapture can create a tax bill on equipment that’s already paid off, and how a basis step-up can reduce taxes on inherited land