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

https://www.inter-bookmarks.win/farm-families-often-fear-estate-tax-but-income-tax-can-bring-the-bigger

Farm families may worry about estate tax, but income tax can bring the bigger shock at succession. Learn how depreciation recapture can make paid-off machinery trigger a tax bill, and how a basis step-up may lower taxes when heirs sell inherited land.