Farm families often worry most about estate tax, but income tax can deliver the...

https://holdenssmartblogs.hexaforgey.com/posts/can-an-irrevocable-trust-make-me-lose-the-step-up-in-basis

Farm families often worry most about estate tax, but income tax can deliver the bigger surprise. See how depreciation recapture on paid-off equipment and a step-up in basis can change what heirs owe when the farm changes hands.