Farm families often plan for estate tax, then face an income-tax surprise at...

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

Farm families often plan for estate tax, then face an income-tax surprise at succession. Learn how depreciation recapture can create a bill on “paid-off” equipment, while a basis step-up may lower tax when heirs sell inherited land.