Butch - when I bought my family farm back in 1995 from my parents, the attorney/tax advisor set it up as a installment contract sale spread over 2 years (1995 and 1996). Just splitting the payment in two knocked the the tax impact down a tax bracket or two for my parents. The gain was very high given their cost basis being so low given how long they owned it. One payment was the last few days of 1995 and the other the first few days of 1996 so not a big impact cash flow wise for my mom. She used the proceeds it to buy a house in town a few months later.
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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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