When farm families pass land and equipment to the next generation, income taxes...

https://www.inter-bookmarks.win/many-farm-families-worry-about-estate-tax-but-the-bigger-bill-may-come-from

When farm families pass land and equipment to the next generation, income taxes can sting more than estate taxes. Learn how depreciation recapture can tax years of equipment write-offs, and how a basis step-up may ease taxes on inherited assets.