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

https://ariassplendidinsight.swiftnestly.com/posts/my-parents-bought-land-decades-ago-for-cheap-what-does-that-mean-for-my-taxes

Farm families may fear estate tax, but income tax can bring the bigger succession surprise. See how depreciation recapture can tax paid-off equipment, while a basis step-up may lower tax if heirs sell inherited assets