I screwed up royally on the 856. I bought it in the mid 80's when farmers were going under right and left and you could buy machinery on farm auctions for 50 cents on the dollar or less. I used it for 9 years and sold it for about what I'd paid for it.
Here comes the rub. I'd put it on a 10 year depreciation schedule and depreciated it on my taxes for 9 years. Then when I sold it, the IRS wanted the depreciation back. It's called "recapture". For what I had to repay the IRS in depreciation, I could have kept the tractor.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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