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

https://holdenajvs101.yousher.com/how-do-i-explain-to-my-siblings-why-step-up-in-basis-matters

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.