Farm families often worry about estate tax, but income tax can bring the bigger...

https://city-wiki.win/index.php/What_Is_the_Difference_Between_Book_Value_and_Tax_Basis_on_Farm_Machinery%3F

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. Learn how selling equipment can trigger depreciation recapture, and how a basis step-up may reduce taxes on inherited land. Plan before the handoff.