At farm succession, income tax can sting more than estate tax. A paid-off...

https://dibz.me/blog/gifting-the-farm-to-my-kids-now-will-they-inherit-my-low-basis-1282

At farm succession, income tax can sting more than estate tax. A paid-off combine may trigger depreciation recapture when heirs sell it, while a basis step-up can reset the tax value of land they inherit