INVESTMENTS IN OPERATING PARTNERSHIPS (Tables)

3 Months Ended

Jun. 30, 2014

Investments In Operating Partnerships [Abstract]

Schedule Of Number Of Operating Partnerships [Table Text Block]

The breakdown of Operating Partnerships within the Fund at June 30, 2014 and 2013 are as follows: 

	2014	2013
Series 20	8	11
Series 21	4	5
Series 22	8	9
Series 23	11	11
Series 24	7	13
Series 25	5	7
Series 26	22	31
Series 27	9	13
Series 28	16	20
Series 29	17	21
Series 30	16	16
Series 31	22	25
Series 32	14	15
Series 33	8	8
Series 34	12	13
Series 35	10	10
Series 36	9	9

Series 37	7	7
Series 38	10	10
Series 39	9	9
Series 40	16	16
Series 41	19	20
Series 42	21	21
Series 43	23	23
Series 44	8	10
Series 45	28	30
Series 46	15	15
	354	398

Schedule Of Contributions Payable [Table Text Block]

The contributions payable at June 30, 2014 and 2013, are as follows:

	2014	2013
Series 22	$  9,352	$  9,352
Series 26	1,127	1,293
Series 27	7,838	10,020
Series 28	15,968	40,968
Series 29	8,235	10,197
Series 30	127,396	127,396
Series 31	66,294	66,294
Series 32	3,486	173,561
Series 33	69,154	69,154
Series 37	138,438	138,438
Series 40	102	102
Series 41	100	100
Series 42	73,433	73,433
Series 43	99,265	121,112
Series 45	16,724	16,724
	$636,912	$858,144

Schedule Of Dispositions By Series [Table Text Block]

A summary of the dispositions by Series for June 30, 2014 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 25	1	-	$	1,221,595	$	1,221,595
Series 26	-	2		396,000		396,166
Series 27	1	-		230,000		232,182
Series 28	3	-		4,716,256		4,741,256
Series 36	-	-		25,054		25,054
Total	5	2	$	6,588,905	$	6,616,253

* Fund proceeds from disposition does not include the following amounts which were due to writeoffs of capital contribution payables of $166, $2,182 and $25,000, for Series 26, Series 27, and Series 28, respectively.

During the three months ended June 30, 2013 the Fund disposed of one Operating Partnership. The Fund also had a partial disposition of one Operating Partnership. A summary of the dispositions by Series for June 30, 2013 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 22	1	-	$	-	$	-
Series 25	-	-		618,889		-
Series 28	-	-		50,000		50,000
Total	1	-	$	668,889	$	50,000

* Fund proceeds from disposition include $618,889 recorded as a receivable as of March 31, 2013, for Series 25.

Schedule Of Summarized Statement Of Operations In Operating Partnerships [Table Text Block]

Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2014. 

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Three Months Ended March 31,
(Unaudited)

		2014	2013
Revenues
	Rental	$  29,398,505	$  33,139,905
	Interest and other	789,309	946,955
		30,187,814	34,086,860
Expenses
	Interest	5,205,191	6,389,626
	Depreciation and amortization	8,352,808	9,851,546
	Operating expenses	20,387,995	21,953,822
		33,945,994	38,194,994
NET LOSS		$ (3,758,180)	$ (4,108,134)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (3,720,595)	$ (4,067,049)
Net loss allocated to other Partners		$    (37,585)	$    (41,085)

* Amounts include $(3,473,893) and $(3,574,669) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 20

		2014	2013
Revenues
	Rental	$   455,802	$   661,277
	Interest and other	18,313	9,074
		474,115	670,351
Expenses
	Interest	90,941	124,387
	Depreciation and amortization	131,612	162,247
	Operating expenses	382,175	459,324
		604,728	745,958
NET LOSS		$ (130,613)	$  (75,607)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (129,307)	$  (74,851)
Net loss allocated to other Partners		$   (1,306)	$     (756)

* Amounts include $(129,307) and $(74,851) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 21

		2014	2013
Revenues
	Rental	$  472,382	$   490,086
	Interest and other	5,775	6,035
		478,157	496,121
Expenses
	Interest	122,484	125,449
	Depreciation and amortization	78,762	90,309
	Operating expenses	294,041	296,220
		495,287	511,978
NET LOSS		$  (17,130)	$  (15,857)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (16,959)	$  (15,698)
Net loss allocated to other Partners		$     (171)	$     (159)

* Amounts include $(16,959) and $(15,698) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 22

		2014	2013
Revenues
	Rental	$   377,666	$   432,208
	Interest and other	11,454	6,463
		389,120	438,671
Expenses
	Interest	69,012	74,144
	Depreciation and amortization	87,225	101,660
	Operating expenses	285,714	324,028
		441,951	499,832
NET LOSS		$  (52,831)	$  (61,161)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (52,303)	$  (60,549)
Net loss allocated to other Partners		$     (528)	$     (612)

* Amounts include $(52,303) and $(60,549) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 23

		2014	2013
Revenues
	Rental	$   768,587	$   777,025
	Interest and other	31,082	33,334
		799,669	810,359
Expenses
	Interest	123,125	133,817
	Depreciation and amortization	178,819	170,071
	Operating expenses	584,298	516,424
		886,242	820,312
NET LOSS		$  (86,573)	$   (9,953)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (85,706)	$   (9,852)
Net loss allocated to other Partners		$     (867)	$     (101)

* Amounts include $(85,706) and $(9,852) for 2014 and 2013, of net loss not recognized under the equity method of accounting.

Series 24

		2014	2013
Revenues
	Rental	$   286,615	$   547,649
	Interest and other	4,437	11,597
		291,052	559,246
Expenses
	Interest	34,720	78,191
	Depreciation and amortization	80,376	167,495
	Operating expenses	219,241	373,268
		334,337	618,954
NET LOSS		$  (43,285)	$  (59,708)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (42,852)	$  (59,111)
Net loss allocated to other Partners		$     (433)	$     (597)

* Amounts include $(42,852) and $(59,111) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 25

		2014	2013
Revenues
	Rental	$   237,018	$   330,118
	Interest and other	4,451	5,673
		241,469	335,791
Expenses
	Interest	38,469	53,419
	Depreciation and amortization	67,323	81,318
	Operating expenses	156,776	273,747
		262,568	408,484
NET LOSS		$  (21,099)	$  (72,693)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (20,888)	$  (71,966)
Net loss allocated to other Partners		$     (211)	$     (727)

* Amounts include $(20,888) and $(71,966) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 26

		2014	2013
Revenues
	Rental	$   905,408	$ 1,430,194
	Interest and other	18,706	76,918
		924,114	1,507,112
Expenses
	Interest	122,241	259,143
	Depreciation and amortization	275,742	469,647
	Operating expenses	737,004	1,067,822
		1,134,987	1,796,612
NET LOSS		$ (210,873)	$ (289,500)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (208,764)	$ (286,605)
Net loss allocated to other Partners		$   (2,109)	$   (2,895)

* Amounts include $(208,764) and $(286,605) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 27

		2014	2013
Revenues
	Rental	$ 1,126,919	$ 1,377,433
	Interest and other	28,732	16,709
		1,155,651	1,394,142
Expenses
	Interest	235,822	286,600
	Depreciation and amortization	252,049	315,420
	Operating expenses	755,332	813,078
		1,243,203	1,415,098
NET LOSS		$  (87,552)	$  (20,956)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (86,676)	$  (20,746)
Net loss allocated to other Partners		$     (876)	$     (210)

* Amounts include $(86,676) and $(20,746) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 28

		2014	2013
Revenues
	Rental	$  1,156,404	$  1,711,027
	Interest and other	21,660	23,901
		1,178,064	1,734,928
Expenses
	Interest	131,567	293,430
	Depreciation and amortization	377,166	476,903
	Operating expenses	802,155	1,160,120
		1,310,888	1,930,453
NET LOSS		$  (132,824)	$  (195,525)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (131,496)	$  (193,570)
Net loss allocated to other Partners		$    (1,328)	$    (1,955)

* Amounts include $(131,496) and $(193,570) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 29

		2014	2013
Revenues
	Rental	$  1,511,882	$  1,955,470
	Interest and other	43,975	48,632
		1,555,857	2,004,102
Expenses
	Interest	255,825	349,173
	Depreciation and amortization	530,949	651,061
	Operating expenses	1,001,753	1,326,824
		1,788,527	2,327,058
NET LOSS		$  (232,670)	$  (322,956)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (230,343)	$  (319,726)
Net loss allocated to other Partners		$    (2,327)	$    (3,230)

* Amounts include $(230,343) and $(319,726) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 30

		2014	2013
Revenues
	Rental	$ 1,170,681	$ 1,143,464
	Interest and other	16,822	33,537
		1,187,503	1,177,001
Expenses
	Interest	147,232	152,492
	Depreciation and amortization	260,902	249,766
	Operating expenses	973,235	896,097
		1,381,369	1,298,355
NET LOSS		$ (193,866)	$ (121,354)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (191,927)	$ (120,140)
Net loss allocated to other Partners		$   (1,939)	$   (1,214)

* Amounts include $(191,927) and $(120,140) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 31

		2014	2013
Revenues
	Rental	$  2,399,552	$  2,453,810
	Interest and other	85,519	72,987
		2,485,071	2,526,797
Expenses
	Interest	333,358	380,237
	Depreciation and amortization	670,334	716,682
	Operating expenses	1,713,648	1,672,169
		2,717,340	2,769,088
NET LOSS		$  (232,269)	$  (242,291)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (229,946)	$  (239,868)
Net loss allocated to other Partners		$    (2,323)	$    (2,423)

* Amounts include $(229,946) and $(239,868) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 32

		2014	2013
Revenues
	Rental	$  1,358,815	$  1,458,766
	Interest and other	54,886	54,936
		1,413,701	1,513,702
Expenses
	Interest	254,963	294,133
	Depreciation and amortization	513,367	544,169
	Operating expenses	947,043	994,795
		1,715,373	1,833,097
NET LOSS		$  (301,672)	$  (319,395)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (298,655)	$  (316,201)
Net loss allocated to other Partners		$    (3,017)	$    (3,194)

 * Amounts include $(298,655) and $(316,201) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 33

		2014	2013
Revenues
	Rental	$   688,602	$   661,949
	Interest and other	19,467	22,297
		708,069	684,246
Expenses
	Interest	141,616	144,239
	Depreciation and amortization	229,209	229,802
	Operating expenses	465,812	434,486
		836,637	808,527
NET LOSS		$ (128,568)	$ (124,281)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (127,282)	$ (123,038)
Net loss allocated to other Partners		$   (1,286)	$   (1,243)

* Amounts include $(127,282) and $(123,038) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 34

		2014	2013
Revenues
	Rental	$ 1,366,358	$ 1,445,327
	Interest and other	34,560	41,334
		1,400,918	1,486,661
Expenses
	Interest	191,109	216,240
	Depreciation and amortization	469,635	476,764
	Operating expenses	981,469	930,394
		1,642,213	1,623,398
NET LOSS		$ (241,295)	$ (136,737)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (238,882)	$ (135,370)
Net loss allocated to other Partners		$   (2,413)	$   (1,367)

* Amounts include $(238,882) and $(135,370) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 35

		2014	2013
Revenues
	Rental	$ 1,127,641	$ 1,091,046
	Interest and other	41,752	40,215
		1,169,393	1,131,261
Expenses
	Interest	195,502	203,764
	Depreciation and amortization	349,834	370,326
	Operating expenses	706,211	710,534
		1,251,547	1,284,624
NET LOSS		$  (82,154)	$ (153,363)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (81,332)	$ (151,829)
Net loss allocated to other Partners		$     (822)	$   (1,534)

* Amounts include $(81,332) and $(151,829) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 36

		2014	2013
Revenues
	Rental	$   742,396	$   739,281
	Interest and other	15,338	18,769
		757,734	758,050
Expenses
	Interest	139,311	140,851
	Depreciation and amortization	209,029	226,886
	Operating expenses	489,490	534,342
		837,830	902,079
NET LOSS		$  (80,096)	$ (144,029)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (79,295)	$ (142,589)
Net loss allocated to other Partners		$     (801)	$   (1,440)

* Amounts include $(79,295) and $(142,589) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 37

		2014	2013
Revenues
	Rental	$ 1,137,309	$ 1,124,113
	Interest and other	26,421	29,831
		1,163,730	1,153,944
Expenses
	Interest	174,250	160,669
	Depreciation and amortization	337,691	394,435
	Operating expenses	946,451	862,315
		1,458,392	1,417,419
NET LOSS		$ (294,662)	$ (263,475)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (291,715)	$ (260,840)
Net loss allocated to other Partners		$   (2,947)	$   (2,635)

* Amounts include $(291,715) and $(260,840) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 38

		2014	2013
Revenues
	Rental	$   951,294	$   904,723
	Interest and other	20,770	16,637
		972,064	921,360
Expenses
	Interest	184,014	181,654
	Depreciation and amortization	243,943	242,647
	Operating expenses	592,524	592,883
		1,020,481	1,017,184
NET LOSS		$  (48,417)	$  (95,824)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (47,933)	$  (94,866)
Net loss allocated to other Partners		$     (484)	$     (958)

* Amounts include $(47,933) and $(94,866) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 39

		2014	2013
Revenues
	Rental	$   697,952	$   687,199
	Interest and other	21,580	21,580
		719,532	708,779
Expenses
	Interest	131,620	128,590
	Depreciation and amortization	197,777	225,230
	Operating expenses	544,512	491,348
		873,909	845,168
NET LOSS		$ (154,377)	$ (136,389)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (152,833)	$ (135,025)
Net loss allocated to other Partners		$   (1,544)	$   (1,364)

* Amounts include $(152,833) and $(135,025) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 40

		2014	2013
Revenues
	Rental	$ 1,023,102	$ 1,023,872
	Interest and other	26,197	26,354
		1,049,299	1,050,226
Expenses
	Interest	204,466	242,209
	Depreciation and amortization	268,786	329,794
	Operating expenses	732,846	785,718
		1,206,098	1,357,721
NET LOSS		$ (156,799)	$ (307,495)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (155,231)	$ (304,420)
Net loss allocated to other Partners		$   (1,568)	$   (3,075)

* Amounts include $(155,231) and $(304,420) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 41

		2014	2013
Revenues
	Rental	$ 1,403,193	$ 1,388,428
	Interest and other	35,027	35,370
		1,438,220	1,423,798
Expenses
	Interest	283,929	290,163
	Depreciation and amortization	360,227	563,850
	Operating expenses	898,162	764,691
		1,542,318	1,618,704
NET LOSS		$ (104,098)	$ (194,906)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (103,057)	$ (192,957)
Net loss allocated to other Partners		$   (1,041)	$   (1,949)

* Amounts include $(103,057) and $(192,957) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 42

		2014	2013
Revenues
	Rental	$ 1,566,628	$ 1,601,125
	Interest and other	61,605	45,726
		1,628,233	1,646,851
Expenses
	Interest	297,270	323,803
	Depreciation and amortization	415,854	439,472
	Operating expenses	973,628	936,930
		1,686,752	1,700,205
NET LOSS		$  (58,519)	$  (53,354)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (57,934)	$  (52,820)
Net loss allocated to other Partners		$     (585)	$     (534)

* Amounts include $(57,934) and $(9,900) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 43

		2014	2013
Revenues
	Rental	$ 1,924,225	$ 1,870,431
	Interest and other	61,516	60,738
		1,985,741	1,931,169
Expenses
	Interest	313,111	354,931
	Depreciation and amortization	545,949	542,379
	Operating expenses	1,270,964	1,138,874
		2,130,024	2,036,184
NET LOSS		$ (144,283)	$ (105,015)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (142,840)	$ (103,965)
Net loss allocated to other Partners		$   (1,443)	$   (1,050)

* Amounts include $(137,415) and $(7,958) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 44

		2014	2013
Revenues
	Rental	$  1,451,376	$  1,987,330
	Interest and other	31,859	73,412
		1,483,235	2,060,742
Expenses
	Interest	407,160	591,617
	Depreciation and amortization	380,591	594,764
	Operating expenses	806,806	1,073,797
		1,594,557	2,260,178
NET LOSS		$  (111,322)	$  (199,436)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (110,209)	$  (197,442)
Net loss allocated to other Partners		$    (1,113)	$    (1,994)

* Amounts include $(110,209) and $(168,794) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 45

		2014	2013
Revenues
	Rental	$  1,707,070	$  2,475,615
	Interest and other	30,055	70,198
		1,737,125	2,545,813
Expenses
	Interest	277,250	496,552
	Depreciation and amortization	493,165	710,450
	Operating expenses	1,227,896	1,606,885
		1,998,311	2,813,887
NET LOSS		$  (261,186)	$  (268,074)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (258,574)	$  (265,393)
Net loss allocated to other Partners		$    (2,612)	$    (2,681)

* Amounts include $(136,011) and $(58,200) for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.

Series 46

		2014	2013
Revenues
	Rental	$ 1,383,628	$ 1,370,939
	Interest and other	17,350	44,698
		1,400,978	1,415,637
Expenses
	Interest	304,824	309,729
	Depreciation and amortization	346,492	307,999
	Operating expenses	898,809	916,709
		1,550,125	1,534,437
NET LOSS		$ (149,147)	$ (118,800)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (147,656)	$ (117,612)
Net loss allocated to other Partners		$   (1,491)	$   (1,188)

* Amounts include $(28,942) and $- for 2014 and 2013, respectively, of net loss not recognized under the equity method of accounting.