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| Talk to your tax man.
Mine said set the price over 5 yrs. After the 5th yr sayyou know what you have done a great job making payments, you can just have the machinery. Father gets to spread income over 5 yrs vs taking it all at once, son gets the deduction for "leasing" it.
Not sure how trading it mid deal would work
OR
Find a local auction place, sell the equipment to them, have the son buy it right back. Let the auction place have a doc fee for running the paperwork, BUT that doesnt spread out income for tax purposes.
Edited by NEiowafarmguy 1/17/2026 09:52
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How does a lease-to-own work?
