Farm families may worry most about estate tax, but income tax can bring the...

https://papa-wiki.win/index.php/Is_It_Better_to_Transfer_Farm_Assets_During_Life_or_at_Death%3F

Farm families may worry most about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture on equipment and a basis step-up that resets inherited property’s tax value can affect what heirs owe.