Farm families often plan for estate tax, then face an income-tax surprise at...
https://wiki-zine.win/index.php/What_Is_the_Biggest_Tax_Mistake_Families_Make_When_Handing_the_Farm_to_the_Kids_Early%3F
Farm families often plan for estate tax, then face an income-tax surprise at succession. Learn how depreciation recapture can create a bill on “paid-off” equipment, while a basis step-up may lower tax when heirs sell inherited land.