At resonance frequency in a parallel LC circuit, the impedance is maximized and is purely resistive, represented by the formula L/CR. The discussion highlights confusion around the derivation of this equation, particularly when considering the resistance of the coil. It explains that when a small series resistance R is included, the impedance can be expressed as Z = (jwL + R)/jwCR, leading to the conclusion that Z approximates L/CR when R is much smaller than jwL. Additionally, the conversation touches on the mathematical concept of the imaginary unit j, clarifying that j^2 equals -1, which is relevant in the context of analyzing AC circuits. The thread concludes with a request for assistance in deriving the resonance frequency when resistance is factored in.