Farm families often worry about estate tax, but income tax can bring the bigger...

https://www.coast-bookmarks.win/farm-families-often-plan-for-estate-tax-and-miss-the-income-tax-bill-that-can

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. Selling equipment may trigger tax on depreciation claimed over the years, while a basis step-up can lower heirs’ tax bill when they inherit assets