Many farm families expect estate tax to be the big succession bill, but income...

https://riversinspiringblogs.evergrovio.com/posts/is-depreciation-recapture-taxed-as-ordinary-income-or-capital-gains

Many farm families expect estate tax to be the big succession bill, but income tax can bring the sharper surprise. Years of equipment depreciation may lower taxes now, then trigger depreciation recapture when heirs sell paid-off machinery