Farm heirs may fear estate tax, but income tax can sting more. A paid-off...

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

Farm heirs may fear estate tax, but income tax can sting more. A paid-off tractor may trigger depreciation recapture when sold. A basis step-up can cut tax on land gains, but not erase every bill. See what to plan for before the handoff.