Farm families often fear estate taxes, but income taxes can bring the bigger...

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

Farm families often fear estate taxes, but income taxes can bring the bigger succession surprise. See how the IRS can tax past equipment write-offs through depreciation recapture, and how a basis step-up may reduce taxes if heirs sell inherited land.