Farm kin may fear estate tax, yet income tax can bring a bigger hit at handoff....
https://www.paste-bookmarks.win/many-farm-families-plan-for-estate-tax-then-face-a-bigger-income-tax-bill-when
Farm kin may fear estate tax, yet income tax can bring a bigger hit at handoff. Sell old gear, and past tax breaks may come due as depreciation recapture. A basis step-up resets the tax value of land and gear for heirs