Farm families often worry about estate tax, but the bigger surprise can be...
https://dibz.me/blog/gifting-the-farm-to-my-kids-now-will-they-inherit-my-low-basis-1282
Farm families often worry about estate tax, but the bigger surprise can be income tax after a handoff. See how selling equipment can trigger depreciation recapture, and why a basis step-up may soften tax on inherited land.