Farm families often fear estate tax, but income tax can bring the bigger...
https://wool-wiki.win/index.php/What_Questions_Should_I_Ask_an_Agriculture_Accountant_About_Basis%3F
Farm families often fear estate tax, but income tax can bring the bigger surprise. Learn how depreciation recapture taxes past equipment write-offs and how a basis step-up resets an inherited asset’s tax value, potentially reducing tax when heirs sell.