Many farm families worry about estate tax, but succession can bring a bigger...

https://dibz.me/blog/gifting-the-farm-to-my-kids-now-will-they-inherit-my-low-basis-1282

Many farm families worry about estate tax, but succession can bring a bigger income-tax bill. See how selling equipment can trigger tax on past depreciation, and how a basis step-up can reduce tax on inherited assets.