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

https://www.bookmarking-presto.win/a-paid-off-tractor-can-still-trigger-a-tax-bill-when-a-farm-changes-hands

Farm families may worry about estate tax, but income tax can bring the bigger bill at succession. Learn how depreciation recapture can tax past equipment write-offs, and how a basis step-up may lower the tax heirs owe when they sell inherited land.