Farm heirs may fear estate tax, then face a bigger income tax bill. A paid-off...

https://stateofseo.com/what-happens-if-heirs-inherit-and-sell-right-away-after-death/

Farm heirs may fear estate tax, then face a bigger income tax bill. A paid-off tractor can still trigger depreciation recapture. Land may get a basis step-up, resetting its tax value. Learn what heirs may owe before a sale.