Farm families may fear estate tax, but income tax can hit harder at succession....

https://www.bookmarkpage.win/farm-families-often-plan-for-estate-tax-then-face-an-income-tax-surprise-at

Farm families may fear estate tax, but income tax can hit harder at succession. A paid-off tractor can trigger depreciation recapture when sold. Learn how a basis step-up resets value at death, and why early planning can help heirs avoid a tax surprise.