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

https://damienxzyy492.cavandoragh.org/irc-1245-vs-1250-what-matters-for-my-farm

Farm families often worry about estate tax, but income tax can bring the bigger succession surprise. See how depreciation recapture can tax “paid-off” equipment, while a basis step-up may lower taxes when heirs sell inherited land.