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

https://wiki-square.win/index.php/Why_Can_Gifting_Equipment_Early_Backfire_on_Taxes%3F

Farm families often worry about estate tax, but income tax can bring the bigger surprise at succession. See how depreciation recapture can tax past equipment write-offs, and how a basis step-up may lower tax on inherited assets.