Many farm families worry about estate tax, but income tax can bring the bigger...

https://titusscoolinsight.capitaljays.com/posts/how-do-i-compare-selling-gifted-land-vs.-selling-inherited-land

Many farm families worry about estate tax, but income tax can bring the bigger surprise at succession. Learn how depreciation recapture can tax “paid-off” equipment and how a basis step-up may reduce taxes when heirs sell inherited land.