Farm families often worry about estate tax, but the bigger surprise can arrive...
https://messiahdzve704.fotosdefrases.com/inheriting-the-farm-at-death-how-does-step-up-in-basis-work
Farm families often worry about estate tax, but the bigger surprise can arrive on an income-tax return. An article explains how selling or transferring paid-off machinery can trigger depreciation recapture, a tax on deductions the farm claimed earlier