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

https://iris-wiki.win/index.php/What_Should_My_Accountant_Show_Me_to_Prove_They_Understand_Farm_Succession_Taxes%3F_53546

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can tax past equipment write-offs, and how a basis step-up can reset inherited land’s tax value.