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 - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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