Farm families may fear estate tax, but income tax can hit harder at succession....

https://www.bestbookmarks.win/at-succession-farm-families-may-worry-about-estate-tax-but-income-tax-can

Farm families may fear estate tax, but income tax can hit harder at succession. A paid-off tractor can trigger depreciation recapture when sold. Learn how a basis step-up resets value at death, and why early planning can help heirs avoid a tax surprise.