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

https://milosimpressivejournals.quillnesty.com/posts/what-does-it-mean-when-an-article-says-most-producers-brace-for-the-wrong-tax

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.