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

https://www.easybookmarkings.win/farm-families-often-worry-about-estate-tax-but-income-tax-can-bring-the-bigger-1

Many farm families expect estate tax to be the big succession surprise, but income tax can hit harder. See how depreciation recapture on paid-off equipment and the basis step-up for inherited assets can change what heirs owe—and what to plan for.