DIES it lax fell On Schedule 1 , the accounting gain of $27 000 on the sale of the CIBC shares must be deducted The accounting figures would include a deduction for amortization of the landscaping costs in the amount of $2 000 ( 10% ) ( $20,000 ) . For tax purposes , the entire $20,000 can be deducted . As the $2 000 amortization was part of the Amortization Expense figure , it was added back with the $122000 addition on Schedule 1 . This means that the full $20 000 cost must be deducted on Schedule 1 On Schedule 7 , it is necessary to input the foreign interest in both the " Foreign " and the " Aggregate " column . The long-term bond interest is input in the " Aggregate " column only The foreign income and tax withheld are input on Schedule 21 . The foreign tax withheld mus also be added on Schedule 1 ( Line 293 ) as the foreign interest amount on the Income Statement is net of the $2000 withheld