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

https://travistrcm708.theburnward.com/why-is-income-tax-a-bigger-farm-succession-problem-than-estate-tax

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