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

https://www.apu-bookmarks.win/at-succession-farm-families-may-worry-about-estate-tax-but-income-tax-can-1

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