Farm families may worry most about estate tax, but income tax can bring the...

https://wiki-coast.win/index.php/What_Is_Fair_Market_Value_for_Step-Up_Purposes%E2%80%94and_Who_Decides_It%3F

Farm families may worry most about estate tax, but income tax can bring the bigger succession surprise. Learn how selling equipment can trigger tax on past depreciation and how a basis step-up can reset the tax value of inherited land.