Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined deficiencies in petitioners' Federal income tax for calendar years 1974 and 1975 of $1,123 and $541, respectively. Due to concessions, the only issues for decision are whether petitioners are entitled to deduct certain promotional expenses, "Master Charge deductibles," and boat expenses as ordinary and necessary business expenses under section 162.
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