It depends. If your mother is gifting you the cattle you can just take over the farming of the cattle. All cattle and/or equipment remains at the same cost basis as if it still belonged to your mother.
If there is no gift and she continues to own the cattle, then she would continue to file on her own tax return.
As far as equipment goes, if that is also a gift, then the value would be zero for you since she has already fully depreciated it. However, if it is ever sold, it will be a taxable event for gain or loss, as long as it is never used for personal purposes.
A gift tax is not required unless a gift is above the annual limit. This would be filed for your mother.
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