Farm families often worry about estate tax, but the bigger bill at succession...

https://codysinterestingcolumn.cavandoragh.org/what-is-the-difference-between-book-value-and-tax-basis-on-farm-machinery

Farm families often worry about estate tax, but the bigger bill at succession may come from income tax. Learn how depreciation recapture on paid-off equipment can add up, and how a basis step-up may ease the tax hit when heirs inherit land.