Farm families often worry about estate tax, but income tax can bring the bigger...
https://station-wiki.win/index.php/What_Is_the_Biggest_Tax_Mistake_Families_Make_When_Handing_the_Farm_to_the_Kids_Early%3F
Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can make “paid-off” equipment taxable, and how a basis step-up may lower taxes on inherited assets.