Farm families often worry about estate tax, but the bigger surprise may show up...

https://camilassmartthoughtss.opalvector.com/posts/if-we-gift-land-now-can-the-kids-still-get-a-step-up-later

Farm families often worry about estate tax, but the bigger surprise may show up on an income-tax return. See how depreciation recapture can tax years of equipment write-offs, and how a basis step-up may lower the tax bill when heirs sell inherited assets.