Farm families often plan for estate tax, but succession can bring a bigger...

https://brookspiou157.bearsfanteamshop.com/does-the-irs-treat-depreciation-recapture-as-regular-farm-income

Farm families often plan for estate tax, but succession can bring a bigger income-tax bill. Selling equipment may trigger depreciation recapture, while a basis step-up can lower tax on inherited assets