Farm families often expect estate tax to be the big succession bill, but income...

https://nova-wiki.win/index.php/Is_Depreciation_Recapture_Taxed_as_Ordinary_Income_or_Capital_Gains%3F

Farm families often expect estate tax to be the big succession bill, but income tax can surprise heirs more. Paid-off equipment may trigger depreciation recapture, while a basis step-up resets inherited assets’ tax value