A farm may pass without a big estate-tax bill, while income taxes still...

https://wiki-spirit.win/index.php/What_Is_the_Simplest_Way_to_Explain_Basis_to_a_Non-Accountant_Farm_Family%3F

A farm may pass without a big estate-tax bill, while income taxes still surprise heirs. Learn how depreciation recapture on equipment and a basis step-up at inheritance can change the bill, and what families can plan for.