a hydraulic TA shouldn't freewheel at all unless the low side clutch is out. but OP said moving the lever makes no difference, so it could be in TA or DD and not shifting- linkage waaaay out of adjustment, something seized or disconnected, etc.
course, you could be right, but that's not a given from the information available here.
to the OP: try tow starting it--just for a few yards. if you can turn over the engine at all, the TA has been welded or replaced with a a shaft. if not, there are either mechanical or hydraulic problems.
as for fix it vs part it out vs sell it- i figure it comes down to what you need. personally, i would fix a tractor like that to keep and use. i would likely have more in repairs than it is worth, but not more than the value of the work it can do in the long term. but you won't come out ahead to fix it and sell it, not if your time is worth anything at all.
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