Farm families may worry about estate tax, but income tax can bring the bigger...
https://wiki-room.win/index.php/What_Should_Be_in_a_Farm_Succession_Tax_Checklist_Before_We_Sign_Anything%3F
Farm families may worry about estate tax, but income tax can bring the bigger surprise at succession. Learn how depreciation recapture on paid-off equipment can raise the bill, and how a basis step-up may lower tax on inherited assets.