Many farm families plan for estate tax, then face a bigger income-tax bill when...

https://instaquoteapp.com/how-do-i-talk-to-my-parents-about-not-gifting-the-farm-too-soon/

Many farm families plan for estate tax, then face a bigger income-tax bill when the next generation takes over. A paid-off tractor can still trigger depreciation recapture: tax on deductions the farm took in earlier years