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

https://www.oscarbookmarks.win/farm-families-often-worry-about-estate-tax-but-the-bigger-surprise-may-show-up

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. Selling equipment may trigger tax on depreciation claimed over the years, while a basis step-up can lower heirs’ tax bill when they inherit assets