Many farm families worry about estate tax at succession, but income tax can...
https://collinnfmn145.theburnward.com/what-is-the-biggest-tax-mistake-families-make-when-handing-the-farm-to-the-kids-early
Many farm families worry about estate tax at succession, but income tax can bring the bigger shock. Learn how depreciation recapture can tax years of equipment write-offs, and how a basis step-up may reduce tax when heirs sell inherited land.