A paid-off tractor can still create a tax bill when the next generation takes...

https://remingtonsgreatchat.wordcanopy.com/posts/how-do-i-model-recapture-exposure-across-the-whole-operation

A paid-off tractor can still create a tax bill when the next generation takes over. Many farm families worry about estate tax, but income tax surprises can hit sooner when equipment is sold or transferred