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

https://judahsuniqueop-eds.lumenforgex.com/posts/what-is-fair-market-value-for-step-up-purposes-and-who-decides-it

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