GARRECHT, Circuit Judge.
In the calendar year 1927 William C. Kottemann, petitioner herein, incurred as attorneys' fees, as a business expense, an indebtedness of $20,000. He paid $3,500 of this amount on account during the year 1927. Petitioner states the question involved herein as follows: "Is Petitioner entitled to take as a deduction from gross income for the calendar year 1927 the entire amount of legal expenses incurred during that year in the sum of $20,000...
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