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

https://collinnfmn145.theburnward.com/what-is-the-biggest-tax-mistake-families-make-when-handing-the-farm-to-the-kids-early

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.