Many farm families worry about estate tax at succession, but income tax can...

https://codysinterestingcolumn.cavandoragh.org/what-is-the-difference-between-book-value-and-tax-basis-on-farm-machinery

Many farm families worry about estate tax at succession, but income tax can bring the bigger shock. Learn how depreciation recapture can tax years of equipment write-offs, and how a basis step-up may reduce tax when heirs sell inherited land.