BRUCE, Judge:
Respondent determined deficiencies in income tax for the taxable years ended December 31, 1962, 1963, and 1964, of $1,694.62, $4,965.47, and $4,467.65, respectively.
Two issues are presented:
(1) Is a certain "lease cancellation expense" of $10,000 incurred and paid by petitioner in 1962 deductible over a 2-year period as
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