Item 23 - Forestry managed investment scheme income

Did the taxpayer receive income from a forestry managed investment scheme (FMIS)?

A forestry interest in a FMIS is a right to benefits produced by the scheme (whether the right is actual, prospective or contingent and whether it is enforceable or not).

Use the Forestry managed investment scheme worksheet (fms) and we'll and pass the amounts to both income item 23 label A and deduction item D14 label F.