Farm families often worry about estate tax, then get blindsided by income tax...

https://record-wiki.win/index.php/What_Is_the_Hidden_Tax_Liability_Inside_Farm_Assets%3F

Farm families often worry about estate tax, then get blindsided by income tax when the next generation takes over. Paid-off equipment can still trigger depreciation recapture: the IRS may tax some of the write-offs claimed over the years