Many farm families worry about estate tax at succession, but income tax can...
https://mega-wiki.win/index.php/What_Should_My_Accountant_Show_Me_to_Prove_They_Understand_Farm_Succession_Taxes%3F
Many farm families worry about estate tax at succession, but income tax can bring the bigger surprise. Learn how depreciation recapture on equipment and a step-up in basis for inherited assets can change the bill, and what to review before the handoff.