Many farm families expect estate tax to be the big succession bill, but income...

https://melissazxlth.gumroad.com/p/if-we-never-sell-the-land-do-capital-gains-still-matter

Many farm families expect estate tax to be the big succession bill, but income tax can hit harder. See how depreciation recapture on paid-off equipment works and how a basis step-up can lower heirs’ tax bill.