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

https://delta-wiki.win/index.php/Inheriting_the_Farm_at_Death:_How_Does_Step-Up_in_Basis_Work%3F

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.