Farm heirs may fear estate tax, then face a bigger income tax bill. A paid-off...

https://www.bookmarking-presto.win/farm-families-often-expect-estate-tax-to-be-the-big-succession-cost-but-income

Farm heirs may fear estate tax, then face a bigger income tax bill. A paid-off tractor can still trigger depreciation recapture. Land may get a basis step-up, resetting its tax value. Learn what heirs may owe before a sale.