At succession, income tax can surprise farm families more than estate tax....

https://wiki-velo.win/index.php/Do_I_Need_an_Appraisal_for_Step-Up_in_Basis_on_Farmland%3F

At succession, income tax can surprise farm families more than estate tax. Learn how selling paid-off equipment can trigger depreciation recapture, while a basis step-up can reset the tax value of inherited assets.