Farm families may plan for estate tax and miss the bigger income-tax bill....

https://web-wiki.win/index.php/If_We_Gift_Land_Now,_Can_the_Kids_Still_Get_a_Step-Up_Later%3F

Farm families may plan for estate tax and miss the bigger income-tax bill. Learn how depreciation recapture can tax past equipment write-offs when heirs sell, and how a basis step-up resets inherited land’s tax value and may lower taxes later.