My first opinion would be to ignore it. If you want to report it vs. running a small cash sale here and there.
Option 2 Report the purchase of the tractor say $1000, depreciate it, 3 years later "sell" it for $100 scrap, report the $100 on that years taxes. Mission accomplished. Notice the quotes around "sell".
Option 3 Report purchase price, keep complete and detailed records of every part you have sold off the tractor, and receipts, and charge sales tax. Then you can report everything correctly.
After one year of option 3, you will realize your time is more valuable working vs. spending the majority of it being a bookkeeper.
I know you are trying to do the right thing, I think there are bigger things to tackle than a few miscellaneous parts sales here and there.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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