Tuesday, February 27, 2007

Oh, Those Witty Accountants!

I have started studying for my tax final and I am doing a question on the treatment of capital gains. I screwed up in regards to the treatment of the principal residence. Just to refresh my brain, I wanted to look up the info on the treatement of a principal residence, in my textbook.

Realizing I could flip through several pages looking for one topic, I started my quest in the index. Logical. I start with the topic: Capital Gain. Also, logical. Next, I look for the sub-topic of: Principal Residence. And this is what I found.

*principal residence - see also principal residence

What? Is that possible?

Wait a minute, now after, just writing this, I realize what it means. Forget everything I just said. I am going to go fall off a roof or something.

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