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

https://echo-wiki.win/index.php/How_Do_I_Explain_to_My_Siblings_Why_Step-Up_in_Basis_Matters%3F

Farm families often worry about estate tax, but income tax can bring the bigger surprise when land or equipment changes hands. Learn how depreciation recapture on “paid-off” machinery works, and how a basis step-up resets value for heirs.