Farm families often worry most about estate tax, but income tax can deliver the...

https://www.bookmarkingvictor.win/farm-families-often-worry-about-estate-tax-but-income-tax-can-bring-the-bigger

Farm families often worry most about estate tax, but income tax can deliver the bigger surprise. See how depreciation recapture on paid-off equipment and a step-up in basis can change what heirs owe when the farm changes hands.