When farm families pass land and equipment to the next generation, income taxes...

https://atomic-wiki.win/index.php/What_Is_Depreciation_Recapture_on_Farm_Equipment_in_Plain_English%3F

When farm families pass land and equipment to the next generation, income taxes can sting more than estate taxes. Learn how depreciation recapture can tax years of equipment write-offs, and how a basis step-up may ease taxes on inherited assets.