Farm kin may fear estate tax, yet income tax can bring a bigger hit at handoff....

https://www.bookmarking-jet.win/farm-heirs-may-fear-estate-tax-then-face-a-bigger-income-tax-bill-a-paid-off

Farm kin may fear estate tax, yet income tax can bring a bigger hit at handoff. Sell old gear, and past tax breaks may come due as depreciation recapture. A basis step-up resets the tax value of land and gear for heirs