Many farm families expect estate tax to be the big succession bill, then face a...

https://dibz.me/blog/gifting-the-farm-to-my-kids-now-will-they-inherit-my-low-basis-1282

Many farm families expect estate tax to be the big succession bill, then face a larger income-tax surprise. Learn how depreciation recapture can tax past equipment write-offs, while a basis step-up can reset inherited assets’ tax value