Farm families often expect estate tax to be the big succession bill, but income...

https://camilassmartthoughtss.opalvector.com/posts/if-we-gift-land-now-can-the-kids-still-get-a-step-up-later

Farm families often expect estate tax to be the big succession bill, but income tax can sting more. See how depreciation recapture on paid-off equipment and resetting an inherited asset’s tax value can change the numbers.