Memorandum Findings of Fact and Opinion
TANNENWALD, Judge:
Respondent has determined a deficiency of $2,938.53 in petitioner's income tax for 1969. The two issues presented for decision are: (1) whether petitioner is entitled to a deduction for the amortization of a covenant not to compete, and (2) whether respondent properly disallowed $1,087 of petitioner's deduction of $2,717 for customer entertainment.
Findings of Fact
Petitioner is...
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