Many farm families expect estate tax to be the big succession bill, but income...

https://wiki-net.win/index.php/Is_Depreciation_Recapture_Taxed_as_Ordinary_Income_or_Capital_Gains%3F

Many farm families expect estate tax to be the big succession bill, but income tax can hit harder. See how depreciation recapture on paid-off equipment works and how a basis step-up can lower heirs’ tax bill.