Farm families often plan for estate tax, then face an income-tax surprise at...

https://brookssnewinsight.scriblorax.com/posts/is-it-better-to-transfer-farm-assets-during-life-or-at-death

Farm families often plan for estate tax, then face an income-tax surprise at succession. Learn how depreciation recapture can create a bill on “paid-off” equipment, while a basis step-up may lower tax when heirs sell inherited land.