Farm families may worry more about estate tax, but income tax can bring the...

https://johnathanrcpw248.wpsuo.com/why-do-some-estate-plans-solve-for-estate-tax-but-ignore-income-tax

Farm families may worry more about estate tax, but income tax can bring the bigger surprise at succession. Paid-off machinery can still trigger depreciation recapture when sold, while a basis step-up may reduce tax on inherited assets