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

https://troyaeco194.theglensecret.com/how-do-i-explain-to-my-siblings-why-step-up-in-basis-matters

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture on paid-off equipment and a basis step-up that resets inherited assets’ tax value can affect heirs—and what to plan for.