Many farm families worry about estate tax at succession, but income tax can...

https://fast-wiki.win/index.php/IRC_1245_vs._1250:_What_Matters_for_My_Farm%3F

Many farm families worry about estate tax at succession, but income tax can bring the bigger surprise. Learn how depreciation recapture on equipment and a step-up in basis for inherited assets can change the bill, and what to review before the handoff.