When farm families pass land and equipment to the next generation, income taxes...

https://www.bookmarking-base.win/farm-families-often-plan-for-estate-tax-then-face-an-income-tax-surprise-at

When farm families pass land and equipment to the next generation, income taxes can sting more than estate taxes. Learn how depreciation recapture can tax years of equipment write-offs, and how a basis step-up may ease taxes on inherited assets.