Many farm families expect estate tax to be the big succession bill, but income...

https://noon-wiki.win/index.php/Does_the_IRS_Treat_Depreciation_Recapture_as_Regular_Farm_Income%3F

Many farm families expect estate tax to be the big succession bill, but income tax can hit harder. See how depreciation recapture on paid-off equipment works and how a basis step-up can lower heirs’ tax bill.