Many farm families worry about estate tax, but succession can bring a bigger...

https://wiki-aero.win/index.php/Do_Improvements_on_the_Farm_Create_Taxes_Later_When_Sold%3F

Many farm families worry about estate tax, but succession can bring a bigger income-tax bill. See how selling equipment can trigger tax on past depreciation, and how a basis step-up can reduce tax on inherited assets.