At succession, farm families may worry about estate tax, but income tax can...

https://www.first-bookmarkings.win/at-farm-succession-income-tax-can-sting-more-than-estate-tax-a-paid-off

At succession, farm families may worry about estate tax, but income tax can bring the bigger surprise. See how depreciation recapture on paid-off equipment works and how a basis step-up can change the tax bill for heirs.