Farm families often fear estate tax, but income tax can bring the bigger...

https://andersonsimpressivecolumn.urbanvellum.com/posts/what-is-a-realistic-farm-succession-plan-timeline-if-we-want-to-avoid-tax-surprises

Farm families often fear estate tax, but income tax can bring the bigger surprise at succession. Learn how depreciation recapture can tax gains on equipment and how a basis step-up can reset inherited asset values and lower the tax burden.