Biden’s tax plan includes not only a removal of the step up in basis but an immediate tax due on unrealized capital gains assessed on the transfer. So, whether you sell the farm or not, you’ll owe the tax on the increase in value from the day it was purchased to the day you inherit. So, of course, the only way for most people to pay it will be to sell.
Obviously, the little guy will take it up the ass. Corporations, the ultra rich, and of course Chinese investors will soon own all the land.
Dont pay the tax! Fight
