Farm families often plan for estate tax, then face an income-tax surprise at...

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

Farm families often plan for estate tax, then face an income-tax surprise at succession. Learn how depreciation recapture can create a bill on “paid-off” equipment, while a basis step-up may lower tax when heirs sell inherited land.