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

https://www.agdaily.com/sponsored/farm-succession-taxes-income-tax-not-estate-tax-bigger-threat/

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.