Farm families often fear estate taxes, but income taxes can bring the bigger...

https://www.slideserve.com/eogernrhbu/what-questions-should-i-ask-an-agriculture-accountant-about-basis

Farm families often fear estate taxes, but income taxes can bring the bigger succession surprise. See how the IRS can tax past equipment write-offs through depreciation recapture, and how a basis step-up may reduce taxes if heirs sell inherited land.