Farm heirs may fear estate tax, but income tax can sting more. A paid-off...

https://bravo-wiki.win/index.php/What_Does_%E2%80%9CIncluded_in_the_Estate%E2%80%9D_Mean_for_Step-Up_Rules%3F

Farm heirs may fear estate tax, but income tax can sting more. A paid-off tractor may trigger depreciation recapture when sold. A basis step-up can cut tax on land gains, but not erase every bill. See what to plan for before the handoff.