Farm families may fear estate tax, but income tax can bring a bigger succession...

https://www.bookmarking-presto.win/a-paid-off-tractor-can-still-trigger-a-tax-bill-when-a-farm-changes-hands

Farm families may fear estate tax, but income tax can bring a bigger succession surprise. Sell paid-off equipment, and depreciation recapture may tax old write-offs. A basis step-up can reset inherited assets’ tax value