Many farm families worry about estate tax, then get surprised by income tax at...

https://victoriassmartword.publishlane.com/posts/can-heirs-get-blindsided-by-taxes-even-if-they-never-owed-estate-tax

Many farm families worry about estate tax, then get surprised by income tax at succession. Learn how depreciation recapture can tax old equipment write-offs, while a basis step-up resets inherited land’s tax value to today’s value.