Farm families often fear estate tax, but income tax can sting more at...

https://wiki-dale.win/index.php/Why_Can_Gifting_Equipment_Early_Backfire_on_Taxes%3F

Farm families often fear estate tax, but income tax can sting more at succession. Learn how selling equipment can trigger tax on past depreciation, and how a basis step-up resets inherited assets’ value and may lower tax