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

https://sierra-wiki.win/index.php/Why_Do_Equipment_and_Buildings_Have_Different_Recapture_Rules%3F

Farm families may worry most about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture on equipment and a basis step-up that resets inherited property’s tax value can affect what heirs owe.