Farm families often plan for estate tax, then face income tax when equipment or...

https://dibz.me/blog/gifting-the-farm-to-my-kids-now-will-they-inherit-my-low-basis-1282

Farm families often plan for estate tax, then face income tax when equipment or land changes hands. Learn how depreciation recapture can tax past write-offs, while a basis step-up resets an asset’s tax value for heirs.