Farm families often worry about estate tax, but the bigger surprise can be...
https://mylesssmartop-eds.cloudhinter.com/posts/how-does-low-basis-farmland-create-big-capital-gains-later
Farm families often worry about estate tax, but the bigger surprise can be income tax after a handoff. See how selling equipment can trigger depreciation recapture, and why a basis step-up may soften tax on inherited land.