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

https://aged-wiki.win/index.php/What_Does_IRC_Section_1015_Mean_When_I_Gift_Farmland_to_My_Daughter%3F

Farm families may fear estate tax, but income tax can bring the bigger succession surprise. See how depreciation recapture can tax paid-off equipment, while a basis step-up may lower tax if heirs sell inherited assets