At farm handoff, heirs may fear estate tax, but income tax can hit hard. Sell...

https://damienxzyy492.cavandoragh.org/irc-1245-vs-1250-what-matters-for-my-farm

At farm handoff, heirs may fear estate tax, but income tax can hit hard. Sell old gear, and depreciation recapture may add tax. A basis step-up can reset land’s tax value