The accountant had just read the story of Cinderella to his four-year-old daughter for the first time. The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach. Suddenly she piped up,
"Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?"
"Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?"