Is there a liveable house on the farm? if so look at moving there for two years. If you have lived in it for 2 years there is a $250,000 exemption, $500,000 for married filing jointly. Google Sale of Home Exclusion. I do not know all the requirements, but it sounds like you want to sell the property, but don't have to do it next week, so look at all the options and don't jump until you have all your questions answered. Good luck.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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