At succession, many farm families worry about estate tax, but income tax can...

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

At succession, many farm families worry about estate tax, but income tax can bring the bigger shock. Learn how selling equipment can trigger depreciation recapture, and how a basis step-up may lower taxes on inherited land.