About ten years ago I had over $12,000.00 worth of toy tractors stolen. I'm reasonably sure I had to pay income tax on the insurance check, but I'm not positive. That was all I had them insured for, and had actualy thought that I had dropped the insurance. My loss was far greater than the insurance amount, so I wonder if I could count that as a loss?
I have seen numerous toy show folks keep track of all sales, don't know if they are honest about it or not. I think they are supposed to pay sales tax though. Unless they have a hidden camera, or a sting operation, it would be pretty hard to enforce.
Alot of flea markets in our area require proof of liability insurance before they can set up. I don't know what the min. is however.
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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