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

https://www.alphabookmarks.win/farm-families-often-plan-for-estate-tax-then-face-a-bigger-income-tax-bill-at

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.