Many farm families plan for estate tax, then face a bigger income-tax bill when...

https://www.emergbook.win/farm-families-may-plan-for-estate-tax-and-miss-the-bigger-income-tax-bill

Many farm families plan for estate tax, then face a bigger income-tax bill when a successor sells equipment or land. Learn how depreciation recapture taxes past write-offs, while a basis step-up can reset inherited land’s tax value.