Farm families often fear estate taxes, but income taxes can bring the bigger...

https://www.beacon-bookmarks.win/farm-heirs-may-fear-estate-tax-but-income-tax-can-sting-more-at-succession

Farm families often fear estate taxes, but income taxes can bring the bigger succession surprise. See how the IRS can tax past equipment write-offs through depreciation recapture, and how a basis step-up may reduce taxes if heirs sell inherited land.