Farm families often worry about estate tax, but income tax can bring the bigger...

https://titusscoolinsight.capitaljays.com/posts/what-is-depreciation-recapture-on-farm-equipment-in-plain-english

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. Learn how selling equipment can trigger depreciation recapture, and how a basis step-up may reduce taxes on inherited land. Plan before the handoff.