If you have clients that have passive income, they are eligible to invest in the Main Street Solar Funds, which allow accredited investors with ordinary passive income to invest in renewable energy for an immediate return of capital and profits through tax credits and depreciation benefits while owning all of the project economics.

We want to assist in identifying your clients' passive income, and have provided two places below to pay attention to while working on returns.

FORM 8582, LINE 2D

Passive Taxable Income

If someone has an amount here on their returns historically, it's pretty likely that they will have some passive income for 2024 and is worth discussing their interest in the Main Street Solar Funds.

FORM 8582-CR, LINE 6

Taxes Paid on Passive Activities

This line shows the taxes paid on passive activities that could be refunded by carrying back excess unused credits from this year. The carryback applies to the third oldest year first (2021), then second oldest, then most recent. If you want to look at a client's carryback, locate this number from their 2021 return.

For more information on the Main Street Solar Funds, please get in touch with the Addicus Private Equity team.