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

https://future-wiki.win/index.php/Gifting_the_farm_to_my_kids_now_%E2%80%94_will_they_inherit_my_low_basis%3F

Farm families often worry about estate tax, but income tax can bring the bigger surprise when heirs sell equipment or land. See how depreciation recapture taxes past write-offs and how a basis step-up may lower tax on inherited assets.