At succession, income tax can surprise farm families more than estate tax....
https://www.list-bookmarks.win/many-farm-families-plan-for-estate-tax-then-get-blindsided-by-income-tax-when
At succession, income tax can surprise farm families more than estate tax. Learn how selling paid-off equipment can trigger depreciation recapture, while a basis step-up can reset the tax value of inherited assets.