10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

(X)   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended September 30, 2019
or
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number        0-26200

BOSTON CAPITAL TAX CREDIT FUND IV L.P.
(Exact name of registrant as specified in its charter)

Delaware	04-3208648
(State or other jurisdiction	(I.R.S. Employer
of incorporation or organization)	Identification No.)

One Boston Place, Suite 2100, Boston, Massachusetts  02108
(Address of principal executive offices)    (Zip Code)

                   (617) 624-8900                   

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ý No 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ý No 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer □	Accelerated Filer □
Non-accelerated filer ý	Smaller Reporting Company ý
	Emerging Growth Company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  No ý

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED SEPTEMBER 30, 2019

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION
			Pages
	Item 1. Condensed Financial Statements
		Condensed Balance Sheets			4-31
		Condensed Statements of Operations			32-87
		Condensed Statements of Changes in  Partners' Capital (Deficit)			88-115
		Condensed Statements of Cash Flows			116-143
		Notes to Condensed Financial Statements			144-178
	Item 2. Management's Discussion and Analysis of          Financial Condition and Results of Operations			179-215
	Item 3. Quantitative and Qualitative Disclosures About         Market Risk			216
	Item 4. Controls and Procedures			216
PART II OTHER INFORMATION
	Item 1. Legal Proceedings			217
	Item 1A. Risk Factors			217
	Item 2. Unregistered Sales of Equity Securities and         Use of Proceeds			217
	Item 3. Defaults Upon Senior Securities			217
	Item 4. Mine Safety Disclosures			217
	Item 5. Other Information			217
	Item 6. Exhibits			217
	Signatures			218

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		31,652,589		22,926,529
Other assets		15,088		40,088
	$	31,667,677	$	22,966,617
LIABILITIES
Accounts payable and accrued expenses	$	541,272	$	550,316
Accounts payable affiliates (Note C)		16,957,211		19,302,918
Capital contributions payable		18,992		44,094
		17,517,475		19,897,328
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  83,651,080 issued and 83,048,603 outstanding as of September 30, 2019 and March 31, 2019.		14,626,888		3,656,782
General Partner		(476,686)		(587,493)
		14,150,202		3,069,289
	$	31,667,677	$	22,966,617

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,866,700 issued and 3,828,200 outstanding as of September 30, 2019 and March 31, 2019.		(754,767)		(754,767)
General Partner		754,767		754,767
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 21

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  1,892,700 issued and 1,879,500 outstanding as of September 30, 2019 and March 31, 2019.		(898,231)		(898,231)
General Partner		898,231		898,231
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,564,400 issued and 2,550,145 outstanding as of September 30, 2019 and March 31, 2019.		(2,448,362)		(2,448,362)
General Partner		2,448,362		2,448,362
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 23

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,336,727 issued and 3,303,327 outstanding as of September 30, 2019 and March 31, 2019.		(224,264)		(224,264)
General Partner		224,264		224,264
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		362,191		402,018
Other assets		-		-
	$	362,191	$	402,018
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,169,878 issued and 2,150,053 outstanding as of September 30, 2019 and March 31, 2019.		537,821		577,250
General Partner		(175,630)		(175,232)
		362,191		402,018
	$	362,191	$	402,018

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,026,109 issued and 3,016,809 outstanding as of September 30, 2019 and March 31, 2019.		219,815		219,815
General Partner		(219,815)		(219,815)
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		498,271		554,439
Other assets		-		-
	$	498,271	$	554,439
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,995,900 issued and 3,956,674 outstanding as of September 30, 2019 and March 31, 2019.		811,631		867,237
General Partner		(313,360)		(312,798)
		498,271		554,439
	$	498,271	$	554,439

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		7,301,073		6,500,234
Other assets		-		-
	$	7,301,073	$	6,500,234
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,460,700 issued and 2,431,350 outstanding as of September 30, 2019 and March 31, 2019.		7,434,510		6,641,679
General Partner		(133,437)		(141,445)
		7,301,073		6,500,234
	$	7,301,073	$	6,500,234

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		660,142		690,605
Other assets		-		-
	$	660,142	$	690,605
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,000,738 issued and 3,979,139 outstanding as of September 30, 2019 and March 31, 2019.		935,378		965,536
General Partner		(275,236)		(274,931)
		660,142		690,605
	$	660,142	$	690,605

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		169,323		196,944
Other assets		-		-
	$	169,323	$	196,944
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		3,091,355		3,076,835
Capital contributions payable		785		785
		3,092,140		3,077,620
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,991,800 issued and 3,942,925 outstanding as of September 30, 2019 and March 31, 2019.		(2,554,942)		(2,513,222)
General Partner		(367,875)		(367,454)
		(2,922,817)		(2,880,676)
	$	169,323	$	196,944

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,651,000 issued and 2,621,200 outstanding as of September 30, 2019 and March 31, 2019.		(883,119)		(883,119)
General Partner		883,119		883,119
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		2,608,481		1,953,570
Other assets		-		25,000
	$	2,608,481	$	1,978,570
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		25,000
		-		25,000
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,417,857 issued and 4,375,757 outstanding as of September 30, 2019 and March 31, 2019.		2,961,655		2,313,293
General Partner		(353,174)		(359,723)
		2,608,481		1,953,570
	$	2,608,481	$	1,978,570

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		209,217		272,226
Other assets		-		-
	$	209,217	$	272,226
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		206,905		218,525
Capital contributions payable		1,229		1,229
		208,134		219,754
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,754,198 issued and 4,724,298 outstanding as of September 30, 2019 and March 31, 2019.		407,436		458,311
General Partner		(406,353)		(405,839)
		1,083		52,472
	$	209,217	$	272,226

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		560,425		236,612
Other assets		-		-
	$	560,425	$	236,612
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		1,099,287
Capital contributions payable		-		-
		-		1,099,287
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,636,533 issued and 2,621,433 outstanding as of September 30, 2019 and March 31, 2019.		780,601		(628,268)
General Partner		(220,176)		(234,407)
		560,425		(862,675)
	$	560,425	$	236,612

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		418,217		178,285
Other assets		-		-
	$	418,217	$	178,285
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,713,691		2,689,830
Capital contributions payable		-		-
		2,713,691		2,689,830
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,529,319 issued and 3,496,419 outstanding as of September 30, 2019 and March 31, 2019.		(1,972,130)		(2,186,040)
General Partner		(323,344)		(325,505)
		(2,295,474)		(2,511,545)
	$	418,217	$	178,285

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		4,528,570		4,395,774
Other assets		-		-
	$	4,528,570	$	4,395,774
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,300,463 issued and 3,277,913 outstanding as of September 30, 2019 and March 31, 2019.		4,765,309		4,633,841
General Partner		(236,739)		(238,067)
		4,528,570		4,395,774
	$	4,528,570	$	4,395,774

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		3,001,732		2,541,359
Other assets		-		-
	$	3,001,732	$	2,541,359
LIABILITIES
Accounts payable and accrued expenses	$	19,806	$	24,706
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		19,806		24,706
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,106,838 issued and 2,083,704 outstanding as of September 30, 2019 and March 31, 2019.		3,130,770		2,670,150
General Partner		(148,844)		(153,497)
		2,981,926		2,516,653
	$	3,001,732	$	2,541,359

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,512,500 issued and 2,489,100 outstanding as of September 30, 2019 and March 31, 2019.		205,359		205,359
General Partner		(205,359)		(205,359)
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		2,941,142		1,499,106
Other assets		-		-
	$	2,941,142	$	1,499,106
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,543,100 issued and 2,536,200 outstanding as of September 30, 2019 and March 31, 2019.		3,130,015		1,702,399
General Partner		(188,873)		(203,293)
		2,941,142		1,499,106
	$	2,941,142	$	1,499,106

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,292,151 issued and 2,288,351 outstanding as of September 30, 2019 and March 31, 2019.		196,043		196,043
General Partner		(196,043)		(196,043)
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,541,322		193,344
Other assets		-		-
	$	1,541,322	$	193,344
LIABILITIES
Accounts payable and accrued expenses	$	5,356	$	9,500
Accounts payable affiliates (Note C)		1,075,996		2,224,213
Capital contributions payable		-		102
		1,081,352		2,233,815
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,630,256 issued and 2,611,356 outstanding as of September 30, 2019 and March 31, 2019.		680,314		(1,795,123)
General Partner		(220,344)		(245,348)
		459,970		(2,040,471)
	$	1,541,322	$	193,344

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		280,671		246,214
Other assets		-		-
	$	280,671	$	246,214
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,581,763		2,513,609
Capital contributions payable		-		-
		2,581,763		2,513,609
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,891,626 issued and 2,872,426 outstanding as of September 30, 2019 and March 31, 2019.		(2,028,913)		(1,995,553)
General Partner		(272,179)		(271,842)
		(2,301,092)		(2,267,395)
	$	280,671	$	246,214

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,241,624		1,300,483
Other assets		11,300		11,300
	$	1,252,924	$	1,311,783
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		254		254
		254		254
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,744,262 issued and 2,722,862 outstanding as of September 30, 2019 and March 31, 2019.		1,481,081		1,539,351
General Partner		(228,411)		(227,822)
		1,252,670		1,311,529
	$	1,252,924	$	1,311,783

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 43

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,433,111		414,540
Other assets		-		-
	$	1,433,111	$	414,540
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		168,259
Capital contributions payable		-		-
		-		168,259
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,637,987 issued and 3,627,487 outstanding as of September 30, 2019 and March 31, 2019.		1,740,301		565,339
General Partner		(307,190)		(319,058)
		1,433,111		246,281
	$	1,433,111	$	414,540

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 44

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		2,743,422		113,020
Other assets		-		-
	$	2,743,422	$	113,020
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,944,080		3,076,825
Capital contributions payable		-		-
		2,944,080		3,076,825
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,701,973 issued and 2,689,173 outstanding as of September 30, 2019 and March 31, 2019.		38,797		(2,696,719)
General Partner		(239,455)		(267,086)
		(200,658)		(2,963,805)
	$	2,743,422	$	113,020

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 45

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		802,749		916,581
Other assets		-		-
	$	802,749	$	916,581
LIABILITIES
Accounts payable and accrued expenses	$	516,110	$	516,110
Accounts payable affiliates (Note C)		2,337,637		2,334,349
Capital contributions payable		16,724		16,724
		2,870,471		2,867,183
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,014,367 issued and 4,007,167 outstanding as of September 30, 2019 and March 31, 2019.		(1,693,383)		(1,577,434)
General Partner		(374,339)		(373,168)
		(2,067,722)		(1,950,602)
	$	802,749	$	916,581

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 46

		September 30, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		350,906		321,175
Other assets		3,788		3,788
	$	354,694	$	324,963
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,005,784		1,901,186
Capital contributions payable		-		-
		2,005,784		1,901,186
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,980,998 issued and 2,965,635 outstanding as of September 30, 2019 and March 31, 2019.		(1,371,837)		(1,297,719)
General Partner		(279,253)		(278,504)
		(1,651,090)		(1,576,223)
	$	354,694	$	324,963

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

		2019		2018
Income
Interest income	$	88,130	$	52,135
Other income		104,513		75,634
		192,643		127,769
Gain on disposition of Operating Partnerships (Note D)		6,966,046		1,430,313
Expenses
Professional fees		314,129		58,780
Fund management fee, net (Note C)		341,092		404,905
General and administrative expenses		122,855		165,278
		778,076		628,963
NET INCOME (LOSS)	$	6,380,613	$	929,119
Net income (loss) allocated to  assignees	$	6,316,810	$	919,829
Net income (loss) allocated to general partner	$	63,803	$	9,290
Net income (loss) per BAC	$	.08	$	.01

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 20

		2019		2018
Income
Interest income	$	-	$	393
Other income		-		-
		-		393
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		1,565
Fund management fee, net (Note C)		-		2,549
General and administrative expenses		-		7,139
		-		11,253
NET INCOME (LOSS)	$	-	$	(10,860)
Net income (loss) allocated to  assignees	$	-	$	(10,751)
Net income (loss) allocated to general partner	$	-	$	(109)
Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 21

		2019		2018
Income
Interest income	$	-	$	-
Other income		-		-
		-		-
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		-
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		-
		-		-
NET INCOME (LOSS)	$	-	$	-
Net income (loss) allocated to  assignees	$	-	$	-
Net income (loss) allocated to general partner	$	-	$	-
Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 22

		2019		2018
Income
Interest income	$	-	$	591
Other income		-		-
		-		591
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		1,565
Fund management fee, net (Note C)		-		6,426
General and administrative expenses		-		6,453
		-		14,444
NET INCOME (LOSS)	$	-	$	(13,853)
Net income (loss) allocated to  assignees	$	-	$	(13,714)
Net income (loss) allocated to general partner	$	-	$	(139)
Net income (loss) per BAC	$	-	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 23

		2019		2018
Income
Interest income	$	-	$	633
Other income		-		1,977
		-		2,610
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		1,686
Fund management fee, net (Note C)		-		5,556
General and administrative expenses		-		6,983
		-		14,225
NET INCOME (LOSS)	$	-	$	(11,615)
Net income (loss) allocated to  assignees	$	-	$	(11,499)
Net income (loss) allocated to general partner	$	-	$	(116)
Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 24

		2019		2018
Income
Interest income	$	894	$	528
Other income		-		582
		894		1,110
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		13,776		1,746
Fund management fee, net (Note C)		10,299		9,594
General and administrative expenses		5,732		6,116
		29,807		17,456
NET INCOME (LOSS)	$	(28,913)	$	(16,346)
Net income (loss) allocated to  assignees	$	(28,624)	$	(16,182)
Net income (loss) allocated to general partner	$	(289)	$	(164)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 25

		2019		2018
Income
Interest income	$	-	$	-
Other income		-		-
		-		-
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		-
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		-
		-		-
NET INCOME (LOSS)	$	-	$	-
Net income (loss) allocated to  assignees	$	-	$	-
Net income (loss) allocated to general partner	$	-	$	-
Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 26

		2019		2018
Income
Interest income	$	1,312	$	1,023
Other income		-		-
		1,312		1,023
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		16,317		2,166
Fund management fee, net (Note C)		13,938		13,938
General and administrative expenses		8,365		7,233
		38,620		23,337
NET INCOME (LOSS)	$	(37,308)	$	(22,314)
Net income (loss) allocated to  assignees	$	(36,935)	$	(22,090)
Net income (loss) allocated to general partner	$	(373)	$	(224)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 27

		2019		2018
Income
Interest income	$	19,771	$	13,765
Other income		15,472		1,366
		35,243		15,131
Gain on disposition of Operating Partnerships (Note D)		776,922		-
Expenses
Professional fees		11,510		2,670
Fund management fee, net (Note C)		3,635		5,255
General and administrative expenses		5,736		6,244
		20,881		14,169
NET INCOME (LOSS)	$	791,284	$	962
Net income (loss) allocated to  assignees	$	783,372	$	952
Net income (loss) allocated to general partner	$	7,912	$	10
Net income (loss) per BAC	$	.32	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 28

		2019		2018
Income
Interest income	$	1,764	$	1,047
Other income		-		-
		1,764		1,047
Gain on disposition of Operating Partnerships (Note D)		7,100		-
Expenses
Professional fees		13,529		1,686
Fund management fee, net (Note C)		7,296		7,296
General and administrative expenses		7,829		7,027
		28,654		16,009
NET INCOME (LOSS)	$	(19,790)	$	(14,962)
Net income (loss) allocated to  assignees	$	(19,592)	$	(14,813)
Net income (loss) allocated to general partner	$	(198)	$	(149)
Net income (loss) per BAC	$	(.00)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 29

		2019		2018
Income
Interest income	$	610	$	962
Other income		-		-
		610		962
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		15,795		1,866
Fund management fee, net (Note C)		7,260		7,261
General and administrative expenses		6,672		7,223
		29,727		16,350
NET INCOME (LOSS)	$	(29,117)	$	(15,388)
Net income (loss) allocated to  assignees	$	(28,826)	$	(15,234)
Net income (loss) allocated to general partner	$	(291)	$	(154)
Net income (loss) per BAC	$	(.01)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 30

		2019		2018
Income
Interest income	$	-	$	789
Other income		-		-
		-		789
Gain on disposition of Operating Partnerships (Note D)		-		17,549
Expenses
Professional fees		-		1,866
Fund management fee, net (Note C)		-		7,462
General and administrative expenses		-		6,263
		-		15,591
NET INCOME (LOSS)	$	-	$	2,747
Net income (loss) allocated to  assignees	$	-	$	2,720
Net income (loss) allocated to general partner	$	-	$	27
Net income (loss) per BAC	$	-	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 31

		2019		2018
Income
Interest income	$	6,536	$	4,528
Other income		-		-
		6,536		4,528
Gain on disposition of Operating Partnerships (Note D)		31,431		61,952
Expenses
Professional fees		19,370		1,986
Fund management fee, net (Note C)		-		16,535
General and administrative expenses		7,738		7,083
		27,108		25,604
NET INCOME (LOSS)	$	10,859	$	40,876
Net income (loss) allocated to  assignees	$	10,751	$	40,467
Net income (loss) allocated to general partner	$	108	$	409
Net income (loss) per BAC	$	.00	$	.01

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 32

		2019		2018
Income
Interest income	$	1,125	$	341
Other income		4,320		-
		5,445		341
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		15,115		1,866
Fund management fee, net (Note C)		19,794		19,794
General and administrative expenses		8,155		7,173
		43,064		28,833
NET INCOME (LOSS)	$	(37,619)	$	(28,492)
Net income (loss) allocated to  assignees	$	(37,243)	$	(28,207)
Net income (loss) allocated to general partner	$	(376)	$	(285)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,

(Unaudited)

Series 33

		2019		2018
Income
Interest income	$	937	$	829
Other income		14,427		2,536
		15,364		3,365
Gain on disposition of Operating Partnerships (Note D)		1,442,632		-
Expenses
Professional fees		13,772		1,686
Fund management fee, net (Note C)		13,316		8,898
General and administrative expenses		6,383		6,049
		33,471		16,633
NET INCOME (LOSS)	$	1,424,525	$	(13,268)
Net income (loss) allocated to  assignees	$	1,410,280	$	(13,135)
Net income (loss) allocated to general partner	$	14,245	$	(133)
Net income (loss) per BAC	$	.54	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 34

		2019		2018
Income
Interest income	$	825	$	540
Other income		2,100		1,539
		2,925		2,079
Gain on disposition of Operating Partnerships (Note D)		257,500		-
Expenses
Professional fees		12,207		1,626
Fund management fee, net (Note C)		11,496		8,166
General and administrative expenses		6,010		6,559
		29,713		16,351
NET INCOME (LOSS)	$	230,712	$	(14,272)
Net income (loss) allocated to  assignees	$	228,405	$	(14,130)
Net income (loss) allocated to general partner	$	2,307	$	(142)
Net income (loss) per BAC	$	.07	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 35

		2019		2018
Income
Interest income	$	13,538	$	8,426
Other income		2,180		-
		15,718		8,426
Gain on disposition of Operating Partnerships (Note D)		141,000		-
Expenses
Professional fees		10,813		1,626
Fund management fee, net (Note C)		9,847		4,053
General and administrative expenses		5,943		6,499
		26,603		12,178
NET INCOME (LOSS)	$	130,115	$	(3,752)
Net income (loss) allocated to  assignees	$	128,814	$	(3,715)
Net income (loss) allocated to general partner	$	1,301	$	(37)
Net income (loss) per BAC	$	.04	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 36

		2019		2018
Income
Interest income	$	10,538	$	5,249
Other income		-		-
		10,538		5,249
Gain on disposition of Operating Partnerships (Note D)		-		243,163
Expenses
Professional fees		12,135		10,708
Fund management fee, net (Note C)		2,739		5,990
General and administrative expenses		6,011		5,794
		20,885		22,492
NET INCOME (LOSS)	$	(10,347)	$	225,920
Net income (loss) allocated to  assignees	$	(10,244)	$	223,661
Net income (loss) allocated to general partner	$	(103)	$	2,259
Net income (loss) per BAC	$	(.00)	$	.11

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 37

		2019		2018
Income
Interest income	$	-	$	717
Other income		-		-
		-		717
Gain on disposition of Operating Partnerships (Note D)		-		1,020,649
Expenses
Professional fees		-		1,566
Fund management fee, net (Note C)		-		3,396
General and administrative expenses		-		9,704
		-		14,666
NET INCOME (LOSS)	$	-	$	1,006,700
Net income (loss) allocated to  assignees	$	-	$	996,633
Net income (loss) allocated to general partner	$	-	$	10,067
Net income (loss) per BAC	$	-	$	.40

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 38

		2019		2018
Income
Interest income	$	9,160	$	1,720
Other income		5,700		24,000
		14,860		25,720
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		12,832		1,746
Fund management fee, net (Note C)		(258)		16,581
General and administrative expenses		5,515		6,006
		18,089		24,333
NET INCOME (LOSS)	$	(3,229)	$	1,387
Net income (loss) allocated to  assignees	$	(3,196)	$	1,373
Net income (loss) allocated to general partner	$	(33)	$	14
Net income (loss) per BAC	$	(.00)	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 39

		2019		2018
Income
Interest income	$	-	$	-
Other income		-		-
		-		-
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		-
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		-
		-		-
NET INCOME (LOSS)	$	-	$	-
Net income (loss) allocated to  assignees	$	-	$	-
Net income (loss) allocated to general partner	$	-	$	-
Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 40

		2019		2018
Income
Interest income	$	637	$	787
Other income		6,639		1,250
		7,276		2,037
Gain on disposition of Operating Partnerships (Note D)		2,554,005		44,500
Expenses
Professional fees		17,624		2,046
Fund management fee, net (Note C)		19,612		21,194
General and administrative expenses		5,498		6,017
		42,734		29,257
NET INCOME (LOSS)	$	2,518,547	$	17,280
Net income (loss) allocated to  assignees	$	2,493,362	$	17,108
Net income (loss) allocated to general partner	$	25,185	$	172
Net income (loss) per BAC	$	.95	$	.01

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 41

		2019		2018
Income
Interest income	$	878	$	875
Other income		1,302		-
		2,180		875
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		18,902		2,466
Fund management fee, net (Note C)		31,714		34,076
General and administrative expenses		5,881		10,538
		56,497		47,080
NET INCOME (LOSS)	$	(54,317)	$	(46,205)
Net income (loss) allocated to  assignees	$	(53,774)	$	(45,743)
Net income (loss) allocated to general partner	$	(543)	$	(462)
Net income (loss) per BAC	$	(.02)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 42

		2019		2018
Income
Interest income	$	4,826	$	3,873
Other income		4,715		290
		9,541		4,163
Gain on disposition of Operating Partnerships (Note D)		-		42,500
Expenses
Professional fees		21,209		2,286
Fund management fee, net (Note C)		23,338		15,249
General and administrative expenses		5,708		6,129
		50,255		23,664
NET INCOME (LOSS)	$	(40,714)	$	22,999
Net income (loss) allocated to  assignees	$	(40,306)	$	22,769
Net income (loss) allocated to general partner	$	(408)	$	230
Net income (loss) per BAC	$	(.01)	$	.01

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 43

		2019		2018
Income
Interest income	$	5,746	$	1,360
Other income		4,988		639
		10,734		1,999
Gain on disposition of Operating Partnerships (Note D)		195,000		-
Expenses
Professional fees		24,014		2,526
Fund management fee, net (Note C)		20,125		44,591
General and administrative expenses		6,184		7,508
		50,323		54,625
NET INCOME (LOSS)	$	155,411	$	(52,626)
Net income (loss) allocated to  assignees	$	153,857	$	(52,100)
Net income (loss) allocated to general partner	$	1,554	$	(526)
Net income (loss) per BAC	$	.04	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 44

		2019		2018
Income
Interest income	$	4,319	$	99
Other income		11,961		13,800
		16,280		13,899
Gain on disposition of Operating Partnerships (Note D)		1,560,456		-
Expenses
Professional fees		14,791		1,926
Fund management fee, net (Note C)		37,351		46,192
General and administrative expenses		5,658		6,159
		57,800		54,277
NET INCOME (LOSS)	$	1,518,936	$	(40,378)
Net income (loss) allocated to  assignees	$	1,503,747	$	(39,975)
Net income (loss) allocated to general partner	$	15,189	$	(403)
Net income (loss) per BAC	$	.56	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 45

		2019		2018
Income
Interest income	$	3,625	$	2,148
Other income		8,725		4,116
		12,350		6,264
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		31,242		5,678
Fund management fee, net (Note C)		59,591		47,015
General and administrative expenses		7,853		6,982
		98,686		59,675
NET INCOME (LOSS)	$	(86,336)	$	(53,411)
Net income (loss) allocated to  assignees	$	(85,473)	$	(52,877)
Net income (loss) allocated to general partner	$	(863)	$	(534)
Net income (loss) per BAC	$	(.02)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 46

		2019		2018
Income
Interest income	$	1,089	$	912
Other income		21,984		23,539
		23,073		24,451
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		19,176		2,226
Fund management fee, net (Note C)		49,999		47,838
General and administrative expenses		5,984		6,397
		75,159		56,461
NET INCOME (LOSS)	$	(52,086)	$	(32,010)
Net income (loss) allocated to  assignees	$	(51,565)	$	(31,689)
Net income (loss) allocated to general partner	$	(521)	$	(321)
Net income (loss) per BAC	$	(.02)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

		2019		2018
Income
Interest income	$	157,936	$	102,997
Other income		212,121		262,123
		370,057		365,120
Gain on disposition of Operating Partnerships (Note D)		11,850,663		2,619,630
Expenses
Professional fees		327,696		426,907
Fund management fee, net (Note C)		585,774		816,630
General and administrative expenses		226,337		249,562
		1,139,807		1,493,099
NET INCOME (LOSS)	$	11,080,913	$	1,491,651
Net income (loss) allocated to  assignees	$	10,970,106	$	1,476,735
Net income (loss) allocated to general partner	$	110,807	$	14,916
Net income (loss) per BAC	$	.13	$	.02

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 20

		2019		2018
Income
Interest income	$	-	$	979
Other income		-		-
		-		979
Gain on disposition of Operating Partnerships (Note D)		-		155,337
Expenses
Professional fees		-		11,670
Fund management fee, net (Note C)		-		4,820
General and administrative expenses		-		11,119
		-		27,609
NET INCOME (LOSS)	$	-	$	128,707
Net income (loss) allocated to  assignees	$	-	$	127,420
Net income (loss) allocated to general partner	$	-	$	1,287
Net income (loss) per BAC	$	-	$	.03

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 21

		2019		2018
Income
Interest income	$	-	$	-
Other income		-		-
		-		-
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		-
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		-
		-		-
NET INCOME (LOSS)	$	-	$	-
Net income (loss) allocated to  assignees	$	-	$	-
Net income (loss) allocated to general partner	$	-	$	-
Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 22

		2019		2018
Income
Interest income	$	-	$	1,124
Other income		-		-
		-		1,124
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		11,045
Fund management fee, net (Note C)		-		12,352
General and administrative expenses		-		9,819
		-		33,216
NET INCOME (LOSS)	$	-	$	(32,092)
Net income (loss) allocated to  assignees	$	-	$	(31,771)
Net income (loss) allocated to general partner	$	-	$	(321)
Net income (loss) per BAC	$	-	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 23

		2019		2018
Income
Interest income	$	-	$	1,556
Other income		-		3,955
		-		5,511
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		12,601
Fund management fee, net (Note C)		-		7,506
General and administrative expenses		-		10,844
		-		30,951
NET INCOME (LOSS)	$	-	$	(25,440)
Net income (loss) allocated to  assignees	$	-	$	(25,186)
Net income (loss) allocated to general partner	$	-	$	(254)
Net income (loss) per BAC	$	-	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 24

		2019		2018
Income
Interest income	$	1,683	$	1,121
Other income		1,680		582
		3,363		1,703
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		14,433		13,741
Fund management fee, net (Note C)		18,242		20,355
General and administrative expenses		10,515		9,281
		43,190		43,377
NET INCOME (LOSS)	$	(39,827)	$	(41,674)
Net income (loss) allocated to  assignees	$	(39,429)	$	(41,257)
Net income (loss) allocated to general partner	$	(398)	$	(417)
Net income (loss) per BAC	$	(.02)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 25

		2019		2018
Income
Interest income	$	-	$	-
Other income		-		-
		-		-
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		-
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		-
		-		-
NET INCOME (LOSS)	$	-	$	-
Net income (loss) allocated to  assignees	$	-	$	-
Net income (loss) allocated to general partner	$	-	$	-
Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 26

		2019		2018
Income
Interest income	$	2,437	$	1,948
Other income		420		420
		2,857		2,368
Gain on disposition of Operating Partnerships (Note D)		-		10,500
Expenses
Professional fees		16,974		20,446
Fund management fee, net (Note C)		26,876		28,547
General and administrative expenses		15,175		11,426
		59,025		60,419
NET INCOME (LOSS)	$	(56,168)	$	(47,551)
Net income (loss) allocated to  assignees	$	(55,606)	$	(47,075)
Net income (loss) allocated to general partner	$	(562)	$	(476)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 27

		2019		2018
Income
Interest income	$	40,073	$	26,237
Other income		15,472		1,366
		55,545		27,603
Gain on disposition of Operating Partnerships (Note D)		776,922		-
Expenses
Professional fees		12,167		14,660
Fund management fee, net (Note C)		8,890		12,890
General and administrative expenses		10,571		9,449
		31,628		36,999
NET INCOME (LOSS)	$	800,839	$	(9,396)
Net income (loss) allocated to  assignees	$	792,831	$	(9,302)
Net income (loss) allocated to general partner	$	8,008	$	(94)
Net income (loss) per BAC	$	0.33	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 28

		2019		2018
Income
Interest income	$	2,976	$	1,978
Other income		446		446
		3,422		2,424
Gain on disposition of Operating Partnerships (Note D)		7,100		8,500
Expenses
Professional fees		14,186		12,426
Fund management fee, net (Note C)		12,592		14,140
General and administrative expenses		14,207		10,880
		40,985		37,446
NET INCOME (LOSS)	$	(30,463)	$	(26,522)
Net income (loss) allocated to  assignees	$	(30,158)	$	(26,257)
Net income (loss) allocated to general partner	$	(305)	$	(265)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 29

		2019		2018
Income
Interest income	$	1,334	$	2,207
Other income		-		-
		1,334		2,207
Gain on disposition of Operating Partnerships (Note D)		-		123,094
Expenses
Professional fees		16,452		15,121
Fund management fee, net (Note C)		14,520		22,354
General and administrative expenses		12,503		11,244
		43,475		48,719
NET INCOME (LOSS)	$	(42,141)	$	76,582
Net income (loss) allocated to  assignees	$	(41,720)	$	75,816
Net income (loss) allocated to general partner	$	(421)	$	766
Net income (loss) per BAC	$	(.01)	$	.02

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 30

		2019		2018
Income
Interest income	$	-	$	1,588
Other income		-		2,049
		-		3,637
Gain on disposition of Operating Partnerships (Note D)		-		41,555
Expenses
Professional fees		-		16,371
Fund management fee, net (Note C)		-		12,574
General and administrative expenses		-		9,423
		-		38,368
NET INCOME (LOSS)	$	-	$	6,824
Net income (loss) allocated to  assignees	$	-	$	6,756
Net income (loss) allocated to general partner	$	-	$	68
Net income (loss) per BAC	$	-	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 31

		2019		2018
Income
Interest income	$	10,540	$	8,498
Other income		-		476
		10,540		8,974
Gain on disposition of Operating Partnerships (Note D)		618,900		69,452
Expenses
Professional fees		20,027		17,126
Fund management fee, net (Note C)		(59,987)		34,127
General and administrative expenses		14,489		11,070
		(25,471)		62,323
NET INCOME (LOSS)	$	654,911	$	16,103
Net income (loss) allocated to  assignees	$	648,362	$	15,942
Net income (loss) allocated to general partner	$	6,549	$	161
Net income (loss) per BAC	$	.15	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 32

		2019		2018
Income
Interest income	$	2,048	$	1,611
Other income		4,320		-
		6,368		1,611
Gain on disposition of Operating Partnerships (Note D)		-		487,880
Expenses
Professional fees		16,314		15,503
Fund management fee, net (Note C)		26,588		41,881
General and administrative expenses		14,855		11,236
		57,757		68,620
NET INCOME (LOSS)	$	(51,389)	$	420,871
Net income (loss) allocated to  assignees	$	(50,875)	$	416,662
Net income (loss) allocated to general partner	$	(514)	$	4,209
Net income (loss) per BAC	$	(.01)	$	.09

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,

(Unaudited)

Series 33

		2019		2018
Income
Interest income	$	1,800	$	1,772
Other income		14,427		2,536
		16,227		4,308
Gain on disposition of Operating Partnerships (Note D)		1,442,632		-
Expenses
Professional fees		14,971		13,676
Fund management fee, net (Note C)		9,214		22,216
General and administrative expenses		11,574		9,106
		35,759		44,998
NET INCOME (LOSS)	$	1,423,100	$	(40,690)
Net income (loss) allocated to  assignees	$	1,408,869	$	(40,283)
Net income (loss) allocated to general partner	$	14,231	$	(407)
Net income (loss) per BAC	$	.54	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 34

		2019		2018
Income
Interest income	$	1,458	$	1,134
Other income		2,100		1,539
		3,558		2,673
Gain on disposition of Operating Partnerships (Note D)		257,500		-
Expenses
Professional fees		12,864		11,736
Fund management fee, net (Note C)		20,861		20,532
General and administrative expenses		11,262		10,036
		44,987		42,304
NET INCOME (LOSS)	$	216,071	$	(39,631)
Net income (loss) allocated to  assignees	$	213,910	$	(39,235)
Net income (loss) allocated to general partner	$	2,161	$	(396)
Net income (loss) per BAC	$	.06	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 35

		2019		2018
Income
Interest income	$	25,729	$	16,237
Other income		5,963		-
		31,692		16,237
Gain on disposition of Operating Partnerships (Note D)		141,000		-
Expenses
Professional fees		11,470		11,911
Fund management fee, net (Note C)		17,300		14,706
General and administrative expenses		11,126		9,942
		39,896		36,559
NET INCOME (LOSS)	$	132,796	$	(20,322)
Net income (loss) allocated to  assignees	$	131,468	$	(20,119)
Net income (loss) allocated to general partner	$	1,328	$	(203)
Net income (loss) per BAC	$	.04	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 36

		2019		2018
Income
Interest income	$	20,501	$	9,687
Other income		-		5,119
		20,501		14,806
Gain on disposition of Operating Partnerships (Note D)		476,325		243,163
Expenses
Professional fees		12,792		55,250
Fund management fee, net (Note C)		7,911		11,706
General and administrative expenses		10,850		8,619
		31,553		75,575
NET INCOME (LOSS)	$	465,273	$	182,394
Net income (loss) allocated to  assignees	$	460,620	$	180,570
Net income (loss) allocated to general partner	$	4,653	$	1,824
Net income (loss) per BAC	$	.22	$	.09

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 37

		2019		2018
Income
Interest income	$	-	$	1,527
Other income		-		21,485
		-		23,012
Gain on disposition of Operating Partnerships (Note D)		-		1,020,649
Expenses
Professional fees		-		11,221
Fund management fee, net (Note C)		-		5,562
General and administrative expenses		-		12,620
		-		29,403
NET INCOME (LOSS)	$	-	$	1,014,258
Net income (loss) allocated to  assignees	$	-	$	1,004,115
Net income (loss) allocated to general partner	$	-	$	10,143
Net income (loss) per BAC	$	-	$	.40

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 38

		2019		2018
Income
Interest income	$	12,362	$	4,556
Other income		5,700		50,000
		18,062		54,556
Gain on disposition of Operating Partnerships (Note D)		1,463,974		7,000
Expenses
Professional fees		13,489		12,216
Fund management fee, net (Note C)		16,323		31,815
General and administrative expenses		10,188		9,025
		40,000		53,056
NET INCOME (LOSS)	$	1,442,036	$	8,500
Net income (loss) allocated to  assignees	$	1,427,616	$	8,415
Net income (loss) allocated to general partner	$	14,420	$	85
Net income (loss) per BAC	$	.56	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 39

		2019		2018
Income
Interest income	$	-	$	-
Other income		-		-
		-		-
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		-
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		-
		-		-
NET INCOME (LOSS)	$	-	$	-
Net income (loss) allocated to  assignees	$	-	$	-
Net income (loss) allocated to general partner	$	-	$	-
Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 40

		2019		2018
Income
Interest income	$	1,332	$	1,418
Other income		6,639		1,250
		7,971		2,668
Gain on disposition of Operating Partnerships (Note D)		2,554,005		44,500
Expenses
Professional fees		18,281		16,741
Fund management fee, net (Note C)		33,102		45,638
General and administrative expenses		10,152		9,248
		61,535		71,627
NET INCOME (LOSS)	$	2,500,441	$	(24,459)
Net income (loss) allocated to  assignees	$	2,475,437	$	(24,214)
Net income (loss) allocated to general partner	$	25,004	$	(245)
Net income (loss) per BAC	$	.95	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 41

		2019		2018
Income
Interest income	$	1,683	$	2,077
Other income		47,364		41,340
		49,047		43,417
Gain on disposition of Operating Partnerships (Note D)		-		14,000
Expenses
Professional fees		19,559		24,071
Fund management fee, net (Note C)		52,295		57,860
General and administrative expenses		10,890		14,061
		82,744		95,992
NET INCOME (LOSS)	$	(33,697)	$	(38,575)
Net income (loss) allocated to  assignees	$	(33,360)	$	(38,189)
Net income (loss) allocated to general partner	$	(337)	$	(386)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 42

		2019		2018
Income
Interest income	$	9,597	$	6,986
Other income		9,569		6,591
		19,166		13,577
Gain on disposition of Operating Partnerships (Note D)		-		42,500
Expenses
Professional fees		21,866		21,826
Fund management fee, net (Note C)		45,624		33,396
General and administrative expenses		10,535		9,319
		78,025		64,541
NET INCOME (LOSS)	$	(58,859)	$	(8,464)
Net income (loss) allocated to  assignees	$	(58,270)	$	(8,379)
Net income (loss) allocated to general partner	$	(589)	$	(85)
Net income (loss) per BAC	$	(.02)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 43

		2019		2018
Income
Interest income	$	7,835	$	3,296
Other income		5,862		49,644
		13,697		52,940
Gain on disposition of Operating Partnerships (Note D)		1,255,582		9,000
Expenses
Professional fees		24,671		23,336
Fund management fee, net (Note C)		46,236		72,674
General and administrative expenses		11,542		11,236
		82,449		107,246
NET INCOME (LOSS)	$	1,186,830	$	(45,306)
Net income (loss) allocated to  assignees	$	1,174,962	$	(44,853)
Net income (loss) allocated to general partner	$	11,868	$	(453)
Net income (loss) per BAC	$	.32	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 44

		2019		2018
Income
Interest income	$	4,904	$	244
Other income		12,756		13,800
		17,660		14,044
Gain on disposition of Operating Partnerships (Note D)		2,856,723		-
Expenses
Professional fees		15,448		14,286
Fund management fee, net (Note C)		85,282		90,656
General and administrative expenses		10,506		9,339
		111,236		114,281
NET INCOME (LOSS)	$	2,763,147	$	(100,237)
Net income (loss) allocated to  assignees	$	2,735,516	$	(99,235)
Net income (loss) allocated to general partner	$	27,631	$	(1,002)
Net income (loss) per BAC	$	1.02	$	(.04)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 45

		2019		2018
Income
Interest income	$	7,453	$	3,593
Other income		31,039		26,321
		38,492		29,914
Gain on disposition of Operating Partnerships (Note D)		-		342,500
Expenses
Professional fees		31,899		31,291
Fund management fee, net (Note C)		109,435		104,532
General and administrative expenses		14,278		11,361
		155,612		147,184
NET INCOME (LOSS)	$	(117,120)	$	225,230
Net income (loss) allocated to  assignees	$	(115,949)	$	222,978
Net income (loss) allocated to general partner	$	(1,171)	$	2,252
Net income (loss) per BAC	$	(.03)	$	.06

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 46

		2019		2018
Income
Interest income	$	2,191	$	1,623
Other income		48,364		33,204
		50,555		34,827
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		19,833		18,636
Fund management fee, net (Note C)		94,470		93,791
General and administrative expenses		11,119		9,859
		125,422		122,286
NET INCOME (LOSS)	$	(74,867)	$	(87,459)
Net income (loss) allocated to  assignees	$	(74,118)	$	(86,584)
Net income (loss) allocated to general partner	$	(749)	$	(875)
Net income (loss) per BAC	$	(.02)	$	(.03)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Partners' capital (deficit)   April 1, 2018	$	2,931,035	$	(6,008,922)	$	(3,077,887)
Net income (loss)		556,906		5,626		562,532
Partners' capital (deficit),   June 30, 2018	$	3,487,941	$	(6,003,296)	$	(2,515,355)
Distributions		(307,853)		(3,110)		(310,963)
Net income (loss)		919,829		9,290		929,119
Partners' capital (deficit),   September 30, 2018	$	4,099,917	$	(5,997,116)	$	(1,897,199)

		Assignees		General Partner		Total
Partners' capital (deficit)   April 1, 2019	$	3,656,782	$	(587,493)	$	3,069,289
Net income (loss)		4,653,296		47,004		4,700,300
Partners' capital (deficit)   June 30, 2019		8,310,078		(540,489)		7,769,589
Net income (loss)		6,316,810		63,803		6,380,613
Partners' capital (deficit),   September 30, 2019	$	14,626,888	$	(476,686)	$	14,150,202

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 20
Partners' capital (deficit)   April 1, 2018	$	(882,456)	$	(320,280)	$	(1,202,736)
Net income (loss)		138,171		1,396		139,567
Partners' capital (deficit),   June 30, 2018	$	(744,285)	$	(318,884)	$	(1,063,169)
Distributions		-		-		-
Net income (loss)		(10,751)		(109)		(10,860)
Partners' capital (deficit),   September 30, 2018	$	(755,036)	$	(318,993)	$	(1,074,029)

		Assignees		General Partner		Total
Series 20
Partners' capital (deficit)   April 1, 2019	$	(754,767)	$	754,767	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		(754,767)		754,767		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	(754,767)	$	754,767	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited

		Assignees		General Partner		Total
Series 21
Partners' capital (deficit)   April 1, 2018	$	(898,231)	$	898,231	$	-
Net income (loss)		-		-		-
Partners' capital (deficit),   June 30, 2018	$	(898,231)	$	898,231	$	-
Distributions		-		-		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2018	$	(898,231)	$	898,231	$	-

		Assignees		General Partner		Total
Series 21
Partners' capital (deficit)   April 1, 2019	$	(898,231)	$	898,231	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		(898,231)		898,231		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	(898,231)	$	898,231	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited

		Assignees		General Partner		Total
Series 22
Partners' capital (deficit)   April 1, 2018	$	(2,410,599)	$	(245,646)	$	(2,656,245)
Net income (loss)		(18,057)		(182)		(18,239)
Partners' capital (deficit),   June 30, 2018	$	(2,428,656)	$	(245,828)	$	(2,674,484)
Distributions		-		-		-
Net income (loss)		(13,714)		(139)		(13,853)
Partners' capital (deficit),   September 30, 2018	$	(2,442,370)	$	(245,967)	$	(2,688,337)

		Assignees		General Partner		Total
Series 22
Partners' capital (deficit)   April 1, 2019	$	(2,448,362)	$	2,448,362	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		(2,448,362)		2,448,362		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	(2,448,362)	$	2,448,362	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited

		Assignees		General Partner		Total
Series 23
Partners' capital (deficit)   April 1, 2018	$	(197,532)	$	(289,719)	$	(487,251)
Net income (loss)		(13,687)		(138)		(13,825)
Partners' capital (deficit),   June 30, 2018	$	(211,219)	$	(289,857)	$	(501,076)
Distributions		-		-		-
Net income (loss)		(11,499)		(116)		(11,615)
Partners' capital (deficit),   September 30, 2018	$	(222,718)	$	(289,973)	$	(512,691)

		Assignees		General Partner		Total
Series 23
Partners' capital (deficit)   April 1, 2019	$	(224,264)	$	224,264	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		(224,264)		224,264		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	(224,264)	$	224,264	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 24
Partners' capital (deficit)   April 1, 2018	$	623,279	$	(174,767)	$	448,512
Net income (loss)		(25,075)		(253)		(25,328)
Partners' capital (deficit),   June 30, 2018	$	598,204	$	(175,020)	$	423,184
Distributions		-		-		-
Net income (loss)		(16,182)		(164)		(16,346)
Partners' capital (deficit),   September 30, 2018	$	582,022	$	(175,184)	$	406,838

		Assignees		General Partner		Total
Series 24
Partners' capital (deficit)   April 1, 2019	$	577,250	$	(175,232)	$	402,018
Net income (loss)		(10,805)		(109)		(10,914)
Partners' capital (deficit)   June 30, 2019		566,445		(175,341)		391,104
Net income (loss)		(28,624)		(289)		(28,913)
Partners' capital (deficit),   September 30, 2019	$	537,821	$	(175,630)	$	362,191

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 25
Partners' capital (deficit)   April 1, 2018	$	219,815	$	(219,815)	$	-
Net income (loss)		-		-		-
Partners' capital (deficit),   June 30, 2018	$	219,815	$	(219,815)	$	-
Distributions		-		-		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2018	$	219,815	$	(219,815)	$	-

		Assignees		General Partner		Total
Series 25
Partners' capital (deficit)   April 1, 2019	$	219,815	$	(219,815)	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		219,815		(219,815)		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	219,815	$	(219,815)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 26
Partners' capital (deficit)   April 1, 2018	$	954,178	$	(311,920)	$	642,258
Net income (loss)		(24,985)		(252)		(25,237)
Partners' capital (deficit),   June 30, 2018	$	929,193	$	(312,172)	$	617,021
Distributions		-		-		-
Net income (loss)		(22,090)		(224)		(22,314)
Partners' capital (deficit),   September 30, 2018	$	907,103	$	(312,396)	$	594,707

		Assignees		General Partner		Total
Series 26
Partners' capital (deficit)   April 1, 2019	$	867,237	$	(312,798)	$	554,439
Net income (loss)		(18,671)		(189)		(18,860)
Partners' capital (deficit)   June 30, 2019		848,566		(312,987)		535,579
Net income (loss)		(36,935)		(373)		(37,308)
Partners' capital (deficit),   September 30, 2019	$	811,631	$	(313,360)	$	498,271

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 27
Partners' capital (deficit)   April 1, 2018	$	6,938,381	$	(138,448)	$	6,799,933
Net income (loss)		(10,254)		(104)		(10,358)
Partners' capital (deficit),   June 30, 2018	$	6,928,127	$	(138,552)	$	6,789,575
Distributions		(307,853)		(3,110)		(310,963)
Net income (loss)		952		10		962
Partners' capital (deficit),   September 30, 2018	$	6,621,226	$	(141,652)	$	6,479,574

		Assignees		General Partner		Total
Series 27
Partners' capital (deficit)   April 1, 2019	$	6,641,679	$	(141,445)	$	6,500,234
Net income (loss)		9,459		96		9,555
Partners' capital (deficit)   June 30, 2019		6,651,138		(141,349)		6,509,789
Net income (loss)		783,372		7,912		791,284
Partners' capital (deficit),   September 30, 2019	$	7,434,510	$	(133,437)	$	7,301,073

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 28
Partners' capital (deficit)   April 1, 2018	$	1,016,975	$	(274,411)	$	742,564
Net income (loss)		(11,444)		(116)		(11,560)
Partners' capital (deficit),   June 30, 2018	$	1,005,531	$	(274,527)	$	731,004
Distributions		-		-		-
Net income (loss)		(14,813)		(149)		(14,962)
Partners' capital (deficit),   September 30, 2018	$	990,718	$	(274,676)	$	716,042

		Assignees		General Partner		Total
Series 28
Partners' capital (deficit)   April 1, 2019	$	965,536	$	(274,931)	$	690,605
Net income (loss)		(10,566)		(107)		(10,673)
Partners' capital (deficit)   June 30, 2019		954,970		(275,038)		679,932
Net income (loss)		(19,592)		(198)		(19,790)
Partners' capital (deficit),   September 30, 2019	$	935,378	$	(275,236)	$	660,142

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 29
Partners' capital (deficit)   April 1, 2018	$	(2,570,004)	$	(368,028)	$	(2,938,032)
Net income (loss)		91,050		920		91,970
Partners' capital (deficit),   June 30, 2018	$	(2,478,954)	$	(367,108)	$	(2,846,062)
Distributions		-		-		-
Net income (loss)		(15,234)		(154)		(15,388)
Partners' capital (deficit),   September 30, 2018	$	(2,494,188)	$	(367,262)	$	(2,861,450)

		Assignees		General Partner		Total
Series 29
Partners' capital (deficit)   April 1, 2019	$	(2,513,222)	$	(367,454)	$	(2,880,676)
Net income (loss)		(12,894)		(130)		(13,024)
Partners' capital (deficit)   June 30, 2019		(2,526,116)		(367,584)		(2,893,700)
Net income (loss)		(28,826)		(291)		(29,117)
Partners' capital (deficit),   September 30, 2019	$	(2,554,942)	$	(367,875)	$	(2,922,817)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 30
Partners' capital (deficit)   April 1, 2018	$	(996,782)	$	(239,418)	$	(1,236,200)
Net income (loss)		4,036		41		4,077
Partners' capital (deficit),   June 30, 2018	$	(992,746)	$	(239,377)	$	(1,232,123)
Distributions		-		-		-
Net income (loss)		2,720		27		2,747
Partners' capital (deficit),   September 30, 2018	$	(990,026)	$	(239,350)	$	(1,229,376)

		Assignees		General Partner		Total
Series 30
Partners' capital (deficit)   April 1, 2019	$	(883,119)	$	883,119	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		(883,119)		883,119		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	(883,119)	$	883,119	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 31
Partners' capital (deficit)   April 1, 2018	$	2,290,341	$	(359,955)	$	1,930,386
Net income (loss)		(24,525)		(248)		(24,773)
Partners' capital (deficit),   June 30, 2018	$	2,265,816	$	(360,203)	$	1,905,613
Distributions		-		-		-
Net income (loss)		40,467		409		40,876
Partners' capital (deficit),   September 30, 2018	$	2,306,283	$	(359,794)	$	1,946,489

		Assignees		General Partner		Total
Series 31
Partners' capital (deficit)   April 1, 2019	$	2,313,293	$	(359,723)	$	1,953,570
Net income (loss)		637,611		6,441		644,052
Partners' capital (deficit)   June 30, 2019		2,950,904		(353,282)		2,597,622
Net income (loss)		10,751		108		10,859
Partners' capital (deficit),   September 30, 2019	$	2,961,655	$	(353,174)	$	2,608,481

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 32
Partners' capital (deficit)   April 1, 2018	$	47,520	$	(409,988)	$	(362,468)
Net income (loss)		444,869		4,494		449,363
Partners' capital (deficit),   June 30, 2018	$	492,389	$	(405,494)	$	86,895
Distributions		-		-		-
Net income (loss)		(28,207)		(285)		(28,492)
Partners' capital (deficit),   September 30, 2018	$	464,182	$	(405,779)	$	58,403

		Assignees		General Partner		Total
Series 32
Partners' capital (deficit)   April 1, 2019	$	458,311	$	(405,839)	$	52,472
Net income (loss)		(13,632)		(138)		(13,770)
Partners' capital (deficit)   June 30, 2019		444,679		(405,977)		38,702
Net income (loss)		(37,243)		(376)		(37,619)
Partners' capital (deficit),   September 30, 2019	$	407,436	$	(406,353)	$	1,083

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 33
Partners' capital (deficit)   April 1, 2018	$	(567,133)	$	(233,789)	$	(800,922)
Net income (loss)		(27,148)		(274)		(27,422)
Partners' capital (deficit),   June 30, 2018	$	(594,281)	$	(234,063)	$	(828,344)
Distributions		-		-		-
Net income (loss)		(13,135)		(133)		(13,268)
Partners' capital (deficit),   September 30, 2018	$	(607,416)	$	(234,196)	$	(841,612)

		Assignees		General Partner		Total
Series 33
Partners' capital (deficit)   April 1, 2019	$	(628,268)	$	(234,407)	$	(862,675)
Net income (loss)		(1,411)		(14)		(1,425)
Partners' capital (deficit)   June 30, 2019		(629,679)		(234,421)		(864,100)
Net income (loss)		1,410,280		14,245		1,424,525
Partners' capital (deficit),   September 30, 2019	$	780,601	$	(220,176)	$	560,425

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 34
Partners' capital (deficit)   April 1, 2018	$	(2,120,686)	$	(324,845)	$	(2,445,531)
Net income (loss)		(25,105)		(254)		(25,359)
Partners' capital (deficit),   June 30, 2018	$	(2,145,791)	$	(325,099)	$	(2,470,890)
Distributions		-		-		-
Net income (loss)		(14,130)		(142)		(14,272)
Partners' capital (deficit),   September 30, 2018	$	(2,159,921)	$	(325,241)	$	(2,485,162)

		Assignees		General Partner		Total
Series 34
Partners' capital (deficit)   April 1, 2019	$	(2,186,040)	$	(325,505)	$	(2,511,545)
Net income (loss)		(14,495)		(146)		(14,641)
Partners' capital (deficit)   June 30, 2019		(2,200,535)		(325,651)		(2,526,186)
Net income (loss)		228,405		2,307		230,712
Partners' capital (deficit),   September 30, 2019	$	(1,972,130)	$	(323,344)	$	(2,295,474)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 35
Partners' capital (deficit)   April 1, 2018	$	4,666,048	$	(237,742)	$	4,428,306
Net income (loss)		(16,404)		(166)		(16,570)
Partners' capital (deficit),   June 30, 2018	$	4,649,644	$	(237,908)	$	4,411,736
Distributions		-		-		-
Net income (loss)		(3,715)		(37)		(3,752)
Partners' capital (deficit),   September 30, 2018	$	4,645,929	$	(237,945)	$	4,407,984

		Assignees		General Partner		Total
Series 35
Partners' capital (deficit)   April 1, 2019	$	4,633,841	$	(238,067)	$	4,395,774
Net income (loss)		2,654		27		2,681
Partners' capital (deficit)   June 30, 2019		4,636,495		(238,040)		4,398,455
Net income (loss)		128,814		1,301		130,115
Partners' capital (deficit),   September 30, 2019	$	4,765,309	$	(236,739)	$	4,528,570

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 36
Partners' capital (deficit)   April 1, 2018	$	2,133,963	$	(158,913)	$	1,975,050
Net income (loss)		(43,091)		(435)		(43,526)
Partners' capital (deficit),   June 30, 2018	$	2,090,872	$	(159,348)	$	1,931,524
Distributions		-		-		-
Net income (loss)		223,661		2,259		225,920
Partners' capital (deficit),   September 30, 2018	$	2,314,533	$	(157,089)	$	2,157,444

		Assignees		General Partner		Total
Series 36
Partners' capital (deficit)   April 1, 2019	$	2,670,150	$	(153,497)	$	2,516,653
Net income (loss)		470,864		4,756		475,620
Partners' capital (deficit)   June 30, 2019		3,141,014		(148,741)		2,992,273
Net income (loss)		(10,244)		(103)		(10,347)
Partners' capital (deficit),   September 30, 2019	$	3,130,770	$	(148,844)	$	2,981,926

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 37
Partners' capital (deficit)   April 1, 2018	$	220,255	$	(215,517)	$	4,738
Net income (loss)		7,482		76		7,558
Partners' capital (deficit),   June 30, 2018	$	227,737	$	(215,441)	$	12,296
Distributions		-		-		-
Net income (loss)		996,633		10,067		1,006,700
Partners' capital (deficit),   September 30, 2018	$	1,224,370	$	(205,374)	$	1,018,996

		Assignees		General Partner		Total
Series 37
Partners' capital (deficit)   April 1, 2019	$	205,359	$	(205,359)	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		205,359		(205,359)		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	205,359	$	(205,359)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 38
Partners' capital (deficit)   April 1, 2018	$	1,677,456	$	(203,545)	$	1,473,911
Net income (loss)		7,042		71		7,113
Partners' capital (deficit),   June 30, 2018	$	1,684,498	$	(203,474)	$	1,481,024
Distributions		-		-		-
Net income (loss)		1,373		14		1,387
Partners' capital (deficit),   September 30, 2018	$	1,685,871	$	(203,460)	$	1,482,411

		Assignees		General Partner		Total
Series 38
Partners' capital (deficit)   April 1, 2019	$	1,702,399	$	(203,293)	$	1,499,106
Net income (loss)		1,430,812		14,453		1,445,265
Partners' capital (deficit)   June 30, 2019		3,133,211		(188,840)		2,944,371
Net income (loss)		(3,196)		(33)		(3,229)
Partners' capital (deficit),   September 30, 2019	$	3,130,015	$	(188,873)	$	2,941,142

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 39
Partners' capital (deficit)   April 1, 2018	$	196,043	$	(196,043)	$	-
Net income (loss)		-		-		-
Partners' capital (deficit),   June 30, 2018	$	196,043	$	(196,043)	$	-
Distributions		-		-		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2018	$	196,043	$	(196,043)	$	-

		Assignees		General Partner		Total
Series 39
Partners' capital (deficit)   April 1, 2019	$	196,043	$	(196,043)	$	-
Net income (loss)		-		-		-
Partners' capital (deficit)   June 30, 2019		196,043		(196,043)		-
Net income (loss)		-		-		-
Partners' capital (deficit),   September 30, 2019	$	196,043	$	(196,043)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 40
Partners' capital (deficit)   April 1, 2018	$	(1,737,068)	$	(244,762)	$	(1,981,830)
Net income (loss)		(41,322)		(417)		(41,739)
Partners' capital (deficit),   June 30, 2018	$	(1,778,390)	$	(245,179)	$	(2,023,569)
Distributions		-		-		-
Net income (loss)		17,108		172		17,280
Partners' capital (deficit),   September 30, 2018	$	(1,761,282)	$	(245,007)	$	(2,006,289)

		Assignees		General Partner		Total
Series 40
Partners' capital (deficit)   April 1, 2019	$	(1,795,123)	$	(245,348)	$	(2,040,471)
Net income (loss)		(17,925)		(181)		(18,106)
Partners' capital (deficit)   June 30, 2019		(1,813,048)		(245,529)		(2,058,577)
Net income (loss)		2,493,362		25,185		2,518,547
Partners' capital (deficit),   September 30, 2019	$	680,314	$	(220,344)	$	459,970

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 41
Partners' capital (deficit)   April 1, 2018	$	(1,881,761)	$	(270,693)	$	(2,152,454)
Net income (loss)		7,554		76		7,630
Partners' capital (deficit),   June 30, 2018	$	(1,874,207)	$	(270,617)	$	(2,144,824)
Distributions		-		-		-
Net income (loss)		(45,743)		(462)		(46,205)
Partners' capital (deficit),   September 30, 2018	$	(1,919,950)	$	(271,079)	$	(2,191,029)

		Assignees		General Partner		Total
Series 41
Partners' capital (deficit)   April 1, 2019	$	(1,995,553)	$	(271,842)	$	(2,267,395)
Net income (loss)		20,414		206		20,620
Partners' capital (deficit)   June 30, 2019		(1,975,139)		(271,636)		(2,246,775)
Net income (loss)		(53,774)		(543)		(54,317)
Partners' capital (deficit),   September 30, 2019	$	(2,028,913)	$	(272,179)	$	(2,301,092)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 42
Partners' capital (deficit)   April 1, 2018	$	1,565,620	$	(227,557)	$	1,338,063
Net income (loss)		(31,148)		(315)		(31,463)
Partners' capital (deficit),   June 30, 2018	$	1,534,472	$	(227,872)	$	1,306,600
Distributions		-		-		-
Net income (loss)		22,769		230		22,999
Partners' capital (deficit),   September 30, 2018	$	1,557,241	$	(227,642)	$	1,329,599

		Assignees		General Partner		Total
Series 42
Partners' capital (deficit)   April 1, 2019	$	1,539,351	$	(227,822)	$	1,311,529
Net income (loss)		(17,964)		(181)		(18,145)
Partners' capital (deficit)   June 30, 2019		1,521,387		(228,003)		1,293,384
Net income (loss)		(40,306)		(408)		(40,714)
Partners' capital (deficit),   September 30, 2019	$	1,481,081	$	(228,411)	$	1,252,670

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 43
Partners' capital (deficit)   April 1, 2018	$	235,085	$	(322,394)	$	(87,309)
Net income (loss)		7,247		73		7,320
Partners' capital (deficit),   June 30, 2018	$	242,332	$	(322,321)	$	(79,989)
Distributions		-		-		-
Net income (loss)		(52,100)		(526)		(52,626)
Partners' capital (deficit),   September 30, 2018	$	190,232	$	(322,847)	$	(132,615)

		Assignees		General Partner		Total
Series 43
Partners' capital (deficit)   April 1, 2019	$	565,339	$	(319,058)	$	246,281
Net income (loss)		1,021,105		10,314		1,031,419
Partners' capital (deficit)   June 30, 2019		1,586,444		(308,744)		1,277,700
Net income (loss)		153,857		1,554		155,411
Partners' capital (deficit),   September 30, 2019	$	1,740,301	$	(307,190)	$	1,433,111

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 44
Partners' capital (deficit)   April 1, 2018	$	(2,481,212)	$	(264,909)	$	(2,746,121)
Net income (loss)		(59,260)		(599)		(59,859)
Partners' capital (deficit),   June 30, 2018	$	(2,540,472)	$	(265,508)	$	(2,805,980)
Distributions		-		-		-
Net income (loss)		(39,975)		(403)		(40,378)
Partners' capital (deficit),   September 30, 2018	$	(2,580,447)	$	(265,911)	$	(2,846,358)

		Assignees		General Partner		Total
Series 44
Partners' capital (deficit)   April 1, 2019	$	(2,696,719)	$	(267,086)	$	(2,963,805)
Net income (loss)		1,231,769		12,442		1,244,211
Partners' capital (deficit)   June 30, 2019		(1,464,950)		(254,644)		(1,719,594)
Net income (loss)		1,503,747		15,189		1,518,936
Partners' capital (deficit),   September 30, 2019	$	38,797	$	(239,455)	$	(200,658)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 45
Partners' capital (deficit)   April 1, 2018	$	(1,985,417)	$	(377,289)	$	(2,362,706)
Net income (loss)		275,855		2,786		278,641
Partners' capital (deficit),   June 30, 2018	$	(1,709,562)	$	(374,503)	$	(2,084,065)
Distributions		-		-		-
Net income (loss)		(52,877)		(534)		(53,411)
Partners' capital (deficit),   September 30, 2018	$	(1,762,439)	$	(375,037)	$	(2,137,476)

		Assignees		General Partner		Total
Series 45
Partners' capital (deficit)   April 1, 2019	$	(1,577,434)	$	(373,168)	$	(1,950,602)
Net income (loss)		(30,476)		(308)		(30,784)
Partners' capital (deficit)   June 30, 2019		(1,607,910)		(373,476)		(1,981,386)
Net income (loss)		(85,473)		(863)		(86,336)
Partners' capital (deficit),   September 30, 2019	$	(1,693,383)	$	(374,339)	$	(2,067,722)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total
Series 46
Partners' capital (deficit)   April 1, 2018	$	(1,125,043)	$	(276,760)	$	(1,401,803)
Net income (loss)		(54,895)		(554)		(55,449)
Partners' capital (deficit),   June 30, 2018	$	(1,179,938)	$	(277,314)	$	(1,457,252)
Distributions		-		-		-
Net income (loss)		(31,689)		(321)		(32,010)
Partners' capital (deficit),   September 30, 2018	$	(1,211,627)	$	(277,635)	$	(1,489,262)

		Assignees		General Partner		Total
Series 46
Partners' capital (deficit)   April 1, 2019	$	(1,297,719)	$	(278,504)	$	(1,576,223)
Net income (loss)		(22,553)		(228)		(22,781)
Partners' capital (deficit)   June 30, 2019		(1,320,272)		(278,732)		(1,599,004)
Net income (loss)		(51,565)		(521)		(52,086)
Partners' capital (deficit),   September 30, 2019	$	(1,371,837)	$	(279,253)	$	(1,651,090)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	11,080,913	$	1,491,651
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(11,850,663)		(2,619,630)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		(9,044)		6,000
(Decrease) Increase in accounts    payable affiliates		(2,345,707)		(3,839,107)
Net cash (used in) provided by  operating activities		(3,124,501)		(4,961,086)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		11,850,561		2,580,529
Net cash provided by investing activities		11,850,561		2,580,529
		-		-
Cash flows from financing activities:
Distributions		-		(310,963)
Net cash used in financing activities		-		(310,963)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		8,726,060		(2,691,520)
Cash and cash equivalents, beginning		22,926,529		27,208,717
Cash and cash equivalents, ending	$	31,652,589	$	24,517,197

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	25,000	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 20

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	128,707
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(155,337)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(188,017)
Net cash (used in) provided by  operating activities		-		(214,647)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		155,337
Net cash provided by investing activities		-		155,337
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(59,310)
Cash and cash equivalents, beginning		-		241,987
Cash and cash equivalents, ending	$	-	$	182,677

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 21

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		-		-
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-
Cash and cash equivalents, beginning		-		-
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 22

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	(32,092)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(12,148)
Net cash (used in) provided by  operating activities		-		(44,240)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(44,240)
Cash and cash equivalents, beginning		-		221,864
Cash and cash equivalents, ending	$	-	$	177,624

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 23

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	(25,440)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(238,888)
Net cash (used in) provided by  operating activities		-		(264,328)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(264,328)
Cash and cash equivalents, beginning		-		446,136
Cash and cash equivalents, ending	$	-	$	181,808

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 24

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(39,827)	$	(41,674)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		(5,000)
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(39,827)		(46,674)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(39,827)		(46,674)
Cash and cash equivalents, beginning		402,018		453,512
Cash and cash equivalents, ending	$	362,191	$	406,838

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 25

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		-		-
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-
Cash and cash equivalents, beginning		-		-
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 26

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(56,168)	$	(47,551)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(10,500)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(56,168)		(58,051)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		10,500
Net cash provided by investing activities		-		10,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(56,168)		(47,551)
Cash and cash equivalents, beginning		554,439		642,258
Cash and cash equivalents, ending	$	498,271	$	594,707

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 27

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	800,839	$	(9,396)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(776,922)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		23,917		(9,396)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		776,922		-
Net cash provided by investing activities		776,922		-
		-		-
Cash flows from financing activities:
Distributions		-		(310,963)
Net cash used in financing activities		-		(310,963)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		800,839		(320,359)
Cash and cash equivalents, beginning		6,500,234		6,799,933
Cash and cash equivalents, ending	$	7,301,073	$	6,479,574

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 28

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(30,463)	$	(26,522)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(7,100)		(8,500)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(37,563)		(35,022)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		7,100		8,500
Net cash provided by investing activities		7,100		8,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(30,463)		(26,522)
Cash and cash equivalents, beginning		690,605		742,564
Cash and cash equivalents, ending	$	660,142	$	716,042

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 29

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(42,141)	$	76,582
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(123,094)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		14,520		(497,247)
Net cash (used in) provided by  operating activities		(27,621)		(543,759)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		122,994
Net cash provided by investing activities		-		122,994
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(27,621)		(420,765)
Cash and cash equivalents, beginning		196,944		622,414
Cash and cash equivalents, ending	$	169,323	$	201,649

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 30

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	6,824
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(41,555)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		3,000
(Decrease) Increase in accounts    payable affiliates		-		(166,736)
Net cash (used in) provided by  operating activities		-		(198,467)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		25,006
Net cash provided by investing activities		-		25,006
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(173,461)
Cash and cash equivalents, beginning		-		453,433
Cash and cash equivalents, ending	$	-	$	279,972

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 31

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	654,911	$	16,103
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(618,900)		(69,452)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		2,500
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		36,011		(50,849)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		618,900		47,000
Net cash provided by investing activities		618,900		47,000
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		654,911		(3,849)
Cash and cash equivalents, beginning		1,953,570		1,971,680
Cash and cash equivalents, ending	$	2,608,481	$	1,967,831

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	25,000	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 32

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(51,389)	$	420,871
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(487,880)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		(11,620)		(745,999)
Net cash (used in) provided by  operating activities		(63,009)		(813,008)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		487,880
Net cash provided by investing activities		-		487,880
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(63,009)		(325,128)
Cash and cash equivalents, beginning		272,226		563,697
Cash and cash equivalents, ending	$	209,217	$	238,569

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 33

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	1,423,100	$	(40,690)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,442,632)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		(1,099,287)		(180,304)
Net cash (used in) provided by  operating activities		(1,118,819)		(220,994)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,442,632		-
Net cash provided by investing activities		1,442,632		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		323,813		(220,994)
Cash and cash equivalents, beginning		236,612		452,033
Cash and cash equivalents, ending	$	560,425	$	231,039

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 34

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	216,071	$	(39,631)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(257,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		23,861		(125,268)
Net cash (used in) provided by  operating activities		(17,568)		(164,899)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		257,500		-
Net cash provided by investing activities		257,500		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		239,932		(164,899)
Cash and cash equivalents, beginning		178,285		394,837
Cash and cash equivalents, ending	$	418,217	$	229,938

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 35

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	132,796	$	(20,322)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(141,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(8,204)		(20,322)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		141,000		-
Net cash provided by investing activities		141,000		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		132,796		(20,322)
Cash and cash equivalents, beginning		4,395,774		4,428,306
Cash and cash equivalents, ending	$	4,528,570	$	4,407,984

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 36

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	465,273	$	182,394
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(476,325)		(243,163)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		(4,900)		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(15,952)		(60,769)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		476,325		243,163
Net cash provided by investing activities		476,325		243,163
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		460,373		182,394
Cash and cash equivalents, beginning		2,541,359		2,106,050
Cash and cash equivalents, ending	$	3,001,732	$	2,288,444

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 37

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	1,014,258
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(1,020,649)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(513,149)
Net cash (used in) provided by  operating activities		-		(519,540)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		1,020,649
Net cash provided by investing activities		-		1,020,649
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		501,109
Cash and cash equivalents, beginning		-		517,887
Cash and cash equivalents, ending	$	-	$	1,018,996

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 38

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	1,442,036	$	8,500
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,463,974)		(7,000)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(18,234)
Net cash (used in) provided by  operating activities		(21,938)		(16,734)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,463,974		7,000
Net cash provided by investing activities		1,463,974		7,000
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,442,036		(9,734)
Cash and cash equivalents, beginning		1,499,106		1,492,145
Cash and cash equivalents, ending	$	2,941,142	$	1,482,411

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 39

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		-		-
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-
Cash and cash equivalents, beginning		-		-
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 40

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	2,500,441	$	(24,459)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(2,554,005)		(44,500)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		(4,144)		5,500
(Decrease) Increase in accounts    payable affiliates		(1,148,217)		(171,812)
Net cash (used in) provided by  operating activities		(1,205,925)		(235,271)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		2,553,903		44,500
Net cash provided by investing activities		2,553,903		44,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,347,978		(190,771)
Cash and cash equivalents, beginning		193,344		431,341
Cash and cash equivalents, ending	$	1,541,322	$	240,570

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 41

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(33,697)	$	(38,575)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(14,000)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		68,154		(448,150)
Net cash (used in) provided by  operating activities		34,457		(500,725)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		14,000
Net cash provided by investing activities		-		14,000
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		34,457		(486,725)
Cash and cash equivalents, beginning		246,214		741,152
Cash and cash equivalents, ending	$	280,671	$	254,427

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 42

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(58,859)	$	(8,464)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(42,500)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(58,859)		(50,964)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		42,500
Net cash provided by investing activities		-		42,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(58,859)		(8,464)
Cash and cash equivalents, beginning		1,300,483		1,327,017
Cash and cash equivalents, ending	$	1,241,624	$	1,318,553

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 43

		2018		2018
Cash flows from operating activities:
Net income (loss)	$	1,186,830	$	(45,306)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,255,582)		(9,000)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		(168,259)		(475,580)
Net cash (used in) provided by  operating activities		(237,011)		(529,886)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,255,582		9,000
Net cash provided by investing activities		1,255,582		9,000
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,018,571		(520,886)
Cash and cash equivalents, beginning		414,540		854,364
Cash and cash equivalents, ending	$	1,433,111	$	333,478

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 44

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	2,763,147	$	(100,237)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(2,856,723)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		(132,745)		122,738
Net cash (used in) provided by  operating activities		(226,321)		22,501
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		2,856,723		-
Net cash provided by investing activities		2,856,723		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		2,630,402		22,501
Cash and cash equivalents, beginning		113,020		84,006
Cash and cash equivalents, ending	$	2,743,422	$	106,507

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 45

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(117,120)	$	225,230
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(342,500)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		3,288		(104,911)
Net cash (used in) provided by  operating activities		(113,832)		(222,181)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		342,500
Net cash provided by investing activities		-		342,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(113,832)		120,319
Cash and cash equivalents, beginning		916,581		753,702
Cash and cash equivalents, ending	$	802,749	$	874,021

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 46

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(74,867)	$	(87,459)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		104,598		(75,402)
Net cash (used in) provided by  operating activities		29,731		(162,861)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash provided by investing activities		-		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		29,731		(162,861)
Cash and cash equivalents, beginning		321,175		466,399
Cash and cash equivalents, ending	$	350,906	$	303,538

Supplemental schedule of noncash investing and financing activities:
	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
September 30, 2019
(Unaudited)

NOTE A - ORGANIZATION

Boston Capital Tax Credit Fund IV L.P. (the "Fund") was organized under the laws of the State of Delaware as of October 5, 1993, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of June 1, 2001 there was a restructuring and, as a result, the Fund's general partner was reorganized as follows. The general partner of the Fund continues to be Boston Capital Associates IV L.P., a Delaware limited partnership. The general partner of the general partner of the Fund is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning. Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the general partner of the Fund is Capital Investment Holdings, a general partnership whose partners are various officers and employees of Boston Capital Partners, Inc. and its affiliates. The assignor limited partner is BCTC IV Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning.

Pursuant to the Securities Act of 1933, the Fund filed a Form S-11 Registration Statement with the Securities and Exchange Commission, effective December 16, 1993, which covered the offering (the "Public Offering") of the Fund's beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The Fund registered 30,000,000 BACs at $10 per BAC for sale to the public in one or more series. On April 18, 1996, an amendment to Form S-11 which registered an additional 10,000,000 BACs for sale to the public in one or more series became effective. On April 2, 1998, an amendment to Form S-11, which registered an additional 25,000,000 BACs for sale to the public in one or more series, became effective. On August 31, 1999, an amendment to Form S-11, which registered an additional 8,000,000 BACs for sale to the public in one or more series, became effective. On July 26, 2000, an amendment to Form S-11, which registered an additional 7,500,000 BACs for sale to the public in one or more series, became effective. On July 24, 2001, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public in one or more series, became effective. On July 24, 2002, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public, became effective. On July 1, 2003, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public, became effective.

Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing:

Series	Closing Date	BACs Sold	Equity Raised
Series 20	June 24, 1994	3,866,700	$38,667,000
Series 21	December 31, 1994	1,892,700	$18,927,000
Series 22	December 28, 1994	2,564,400	$25,644,000
Series 23	June 23, 1995	3,336,727	$33,366,000
Series 24	September 22, 1995	2,169,878	$21,697,000
Series 25	December 29, 1995	3,026,109	$30,248,000
Series 26	June 25, 1996	3,995,900	$39,959,000
Series 27	September 17, 1996	2,460,700	$24,607,000
Series 28	January 29, 1997	4,000,738	$39,999,000

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE A - ORGANIZATION (continued)

Series	Closing Date	BACs Sold	Equity Raised
Series 29	June 10, 1997	3,991,800	$39,918,000
Series 30	September 10, 1997	2,651,000	$26,490,750
Series 31	January 18, 1998	4,417,857	$44,057,750
Series 32	June 23, 1998	4,754,198	$47,431,000
Series 33	September 21, 1998	2,636,533	$26,362,000
Series 34	February 11, 1999	3,529,319	$35,273,000
Series 35	June 28, 1999	3,300,463	$33,004,630
Series 36	September 28, 1999	2,106,838	$21,068,375
Series 37	January 28, 2000	2,512,500	$25,125,000
Series 38	July 31, 2000	2,543,100	$25,431,000
Series 39	January 31, 2001	2,292,151	$22,921,000
Series 40	July 31, 2001	2,630,256	$26,269,256
Series 41	January 31, 2002	2,891,626	$28,916,260
Series 42	July 31, 2002	2,744,262	$27,442,620
Series 43	December 31, 2002	3,637,987	$36,379,870
Series 44	April 30, 2003	2,701,973	$27,019,730
Series 45	September 16, 2003	4,014,367	$40,143,670
Series 46	December 19, 2003	2,980,998	$29,809,980

The Fund concluded its public offering of BACs in the Fund on December 19, 2003.

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of September 30, 2019 and for the three and six months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2019.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS

The Fund has entered into several transactions with various affiliates of the general partner of the Fund, including Boston Capital Holdings Limited Partnership, Boston Capital Securities, Inc., and Boston Capital Asset Management Limited Partnership as follows:

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended September 30, 2019 and 2018, are as follows:

	2019	2018
Series 20	$     -	$  2,549
Series 21	-	-
Series 22	-	6,426
Series 23	-	5,556
Series 24	10,299	10,761
Series 25	-	-
Series 26	13,938	13,938
Series 27	7,635	7,635
Series 28	7,296	7,296
Series 29	7,260	7,261
Series 30	-	7,462
Series 31	-	16,535
Series 32	19,794	19,794
Series 33	13,316	13,318
Series 34	11,496	12,366
Series 35	9,847	10,653
Series 36	2,739	5,990
Series 37	-	3,396
Series 38	2,742	16,581
Series 39	-	-
Series 40	19,612	26,594
Series 41	34,077	34,076
Series 42	23,790	27,505
Series 43	24,400	45,091
Series 44	48,187	57,826
Series 45	59,644	67,565
Series 46	52,299	52,299
	$368,371	$478,473

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the six months ended September 30, 2019 and 2018 are as follows:

	2019	2018
Series 20	$        -	$  193,337
Series 22	-	25,000
Series 23	-	250,000
Series 24	20,598	21,522
Series 26	27,876	29,547
Series 27	15,270	15,270
Series 28	14,592	16,140
Series 29	-	519,601
Series 30	-	185,027
Series 31	4,308	35,627
Series 32	51,208	787,880
Series 33	1,125,921	206,940
Series 34	-	150,000
Series 35	20,500	21,306
Series 36	7,911	13,616
Series 37	-	526,729
Series 38	19,323	53,049
Series 40	1,188,699	225,000
Series 41	-	520,930
Series 42	47,580	56,839
Series 43	223,770	566,306
Series 45	116,000	242,500
Series 46	-	180,000
	$2,883,556	$4,842,166

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At September 30, 2019 and 2018, the Fund has limited partnership interests in 112 and 150 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at September 30, 2019 and 2018 are as follows:

	2019	2018
Series 20	-	1
Series 21	-	-
Series 22	-	3
Series 23	-	3
Series 24	4	5
Series 25	-	-
Series 26	8	8
Series 27	2	3
Series 28	3	4
Series 29	5	5
Series 30	-	2
Series 31	-	6
Series 32	5	5
Series 33	2	3
Series 34	3	4
Series 35	1	2
Series 36	1	2
Series 37	-	-
Series 38	1	3
Series 39	-	-
Series 40	5	8
Series 41	11	11
Series 42	9	10
Series 43	11	16
Series 44	5	7
Series 45	22	25
Series 46	14	14
	112	150

Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at September 30, 2019 and 2018, are as follows:

	2019	2018
Series 29	$    785	$    785
Series 30	-	48,627
Series 31	-	43,842
Series 32	1,229	1,229
Series 40	-	102
Series 42	254	254
Series 43	-	26,082
Series 45	16,724	16,724
	$ 18,992	$137,645

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the six months ended September 30, 2019 the Fund disposed of fifteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2019 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 27	-	1	$	776,922	$	776,922
Series 28	1	-		7,100		7,100
Series 31	-	1		618,900		618,900
Series 33	-	1		1,442,632		1,442,632
Series 34	1	-		257,500		257,500
Series 35	1	-		141,000		141,000
Series 36	-	1		476,325		476,325
Series 38	1	1		1,463,974		1,463,974
Series 40	1	1		2,553,903		2,554,005
Series 43	1	1		1,255,582		1,255,582
Series 44	-	2		2,856,723		2,856,723
Total	6	9	$	11,850,561	$	11,850,663

* Fund proceeds from disposition does not include $102, which was due to a writeoff of capital contribution payable as of September 30, 2019, for Series 40.

During the six months ended September 30, 2018 the Fund disposed of nineteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2018 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 20	1	-	$	155,337	$	155,337
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	3	-		25,006		41,555
Series 31	2	-		47,000		69,452
Series 32	-	1		487,880		487,880
Series 36	-	1		243,163		243,163
Series 37	-	1		1,020,649		1,020,649
Series 38	1	-		7,000		7,000
Series 40	1	-		44,500		44,500
Series 41	-	1		14,000		14,000
Series 42	1	-		42,500		42,500
Series 43	1	-		9,000		9,000
Series 45	1	-		342,500		342,500
Total	15	4	$	2,580,529	$	2,619,630

* Fund proceeds from disposition does not include $100, $16,549 and $22,452, which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund's investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements.

The Fund's fiscal year ends March 31st for each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the six months ended June 30, 2019.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

		2019	2018
Revenues
	Rental	$  17,098,171	$  22,343,323
	Interest and other	414,231	663,683
		17,512,402	23,007,006
Expenses
	Interest	2,779,787	3,644,356
	Depreciation and amortization	4,213,607	5,775,862
	Operating expenses	12,566,968	16,122,850
		19,560,362	25,543,068
NET LOSS		$ (2,047,960)	$ (2,536,062)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (2,027,484)	$ (2,510,699)
Net loss allocated to other Partners		$    (20,476)	$    (25,363)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 20

		2019	2018
Revenues
	Rental	$         -	$   139,480
	Interest and other	-	9,921
		-	149,401
Expenses
	Interest	-	11,732
	Depreciation and amortization	-	28,416
	Operating expenses	-	124,517
		-	164,665
NET LOSS		$         -	$  (15,264)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (15,111)
Net loss allocated to other Partners		$         -	$     (153)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 21

		2019	2018
Revenues
	Rental	$         -	$         -
	Interest and other	-	-
		-	-
Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-
NET LOSS		$         -	$         -
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$         -
Net loss allocated to other Partners		$         -	$         -

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 22

		2019	2018
Revenues
	Rental	$         -	$   255,007
	Interest and other	-	6,424
		-	261,431
Expenses
	Interest	-	21,753
	Depreciation and amortization	-	54,539
	Operating expenses	-	215,777
		-	292,069
NET LOSS		$         -	$  (30,638)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (30,332)
Net loss allocated to other Partners		$         -	$     (306)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 23

		2019	2018
Revenues
	Rental	$         -	$   204,371
	Interest and other	-	8,421
		-	212,792
Expenses
	Interest	-	14,889
	Depreciation and amortization	-	45,095
	Operating expenses	-	169,287
		-	229,271
NET LOSS		$         -	$  (16,479)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (16,314)
Net loss allocated to other Partners		$         -	$     (165)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 24

		2019	2018
Revenues
	Rental	$   422,317	$   428,402
	Interest and other	19,531	13,733
		441,848	442,135
Expenses
	Interest	36,469	34,789
	Depreciation and amortization	118,903	121,938
	Operating expenses	354,705	342,441
		510,077	499,168
NET LOSS		$  (68,229)	$  (57,033)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (67,547)	$  (56,463)
Net loss allocated to other Partners		$     (682)	$     (570)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 25

		2019	2018
Revenues
	Rental	$         -	$         -
	Interest and other	-	-
		-	-
Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-
NET LOSS		$         -	$         -
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$         -
Net loss allocated to other Partners		$         -	$         -

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 26

		2019	2018
Revenues
	Rental	$   605,212	$   637,353
	Interest and other	9,506	7,655
		614,718	645,008
Expenses
	Interest	106,883	111,673
	Depreciation and amortization	157,288	155,406
	Operating expenses	569,196	536,826
		833,367	803,905
NET LOSS		$ (218,649)	$ (158,897)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (216,463)	$ (157,308)
Net loss allocated to other Partners		$   (2,186)	$   (1,589)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 27

		2019	2018
Revenues
	Rental	$   211,201	$   330,303
	Interest and other	125	6,495
		211,326	336,798
Expenses
	Interest	6,529	16,620
	Depreciation and amortization	67,956	88,925
	Operating expenses	210,794	275,358
		285,279	380,903
NET LOSS		$  (73,953)	$  (44,105)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (73,213)	$  (43,664)
Net loss allocated to other Partners		$     (740)	$     (441)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 28

		2019	2018
Revenues
	Rental	$    263,303	$    411,179
	Interest and other	8,837	22,570
		272,140	433,749
Expenses
	Interest	64,522	66,567
	Depreciation and amortization	69,046	91,762
	Operating expenses	209,346	340,875
		342,914	499,204
NET LOSS		$   (70,774)	$   (65,455)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$   (70,068)	$   (64,800)
Net loss allocated to other Partners		$      (706)	$      (655)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 29

		2019	2018
Revenues
	Rental	$    464,228	$    543,919
	Interest and other	43,983	21,495
		508,211	565,414
Expenses
	Interest	79,653	106,247
	Depreciation and amortization	92,325	114,458
	Operating expenses	421,661	459,302
		593,639	680,007
NET LOSS		$   (85,428)	$  (114,593)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$   (84,574)	$  (113,447)
Net loss allocated to other Partners		$      (854)	$    (1,146)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 30

		2019	2018
Revenues
	Rental	$         -	$   322,299
	Interest and other	-	7,537
		-	329,836
Expenses
	Interest	-	34,088
	Depreciation and amortization	-	76,907
	Operating expenses	-	261,993
		-	372,988
NET LOSS		$         -	$  (43,152)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (42,720)
Net loss allocated to other Partners		$         -	$     (432)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 31

		2019	2018
Revenues
	Rental	$          -	$    563,108
	Interest and other	-	21,066
		-	584,174
Expenses
	Interest	-	41,564
	Depreciation and amortization	-	209,468
	Operating expenses	-	563,223
		-	814,255
NET LOSS		$          -	$  (230,081)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$          -	$  (227,780)
Net loss allocated to other Partners		$          -	$    (2,301)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 32

		2019	2018
Revenues
	Rental	$    761,862	$    770,495
	Interest and other	13,701	11,472
		775,563	781,967
Expenses
	Interest	125,371	128,444
	Depreciation and amortization	219,045	219,165
	Operating expenses	613,804	641,294
		958,220	988,903
NET LOSS		$  (182,657)	$  (206,936)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (180,830)	$  (204,867)
Net loss allocated to other Partners		$    (1,827)	$    (2,069)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 33

		2019	2018
Revenues
	Rental	$   416,301	$   632,934
	Interest and other	13,138	23,019
		429,439	655,953
Expenses
	Interest	79,953	101,675
	Depreciation and amortization	100,726	139,535
	Operating expenses	307,186	465,670
		487,865	706,880
NET LOSS		$  (58,426)	$  (50,927)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (57,842)	$  (50,418)
Net loss allocated to other Partners		$     (584)	$     (509)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 34

		2019	2018
Revenues
	Rental	$   408,120	$   495,011
	Interest and other	15,105	25,201
		423,225	520,212
Expenses
	Interest	54,704	57,916
	Depreciation and amortization	106,772	137,095
	Operating expenses	362,170	370,981
		523,646	565,992
NET LOSS		$ (100,421)	$  (45,780)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (99,417)	$  (45,322)
Net loss allocated to other Partners		$   (1,004)	$     (458)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 35

		2019	2018
Revenues
	Rental	$   404,488	$   504,934
	Interest and other	2,157	28,304
		406,645	533,238
Expenses
	Interest	58,450	83,244
	Depreciation and amortization	131,653	161,156
	Operating expenses	218,081	303,777
		408,184	548,177
NET LOSS		$   (1,539)	$  (14,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$   (1,524)	$  (14,790)
Net loss allocated to other Partners		$      (15)	$     (149)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 36

		2019	2018
Revenues
	Rental	$    88,773	$   284,874
	Interest and other	810	5,290
		89,583	290,164
Expenses
	Interest	21,196	52,992
	Depreciation and amortization	27,363	70,217
	Operating expenses	85,948	208,729
		134,507	331,938
NET LOSS		$  (44,924)	$  (41,774)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (44,475)	$  (41,356)
Net loss allocated to other Partners		$     (449)	$     (418)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 37

		2019	2018
Revenues
	Rental	$         -	$         -
	Interest and other	-	-
		-	-
Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-
NET LOSS		$         -	$         -
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$         -
Net loss allocated to other Partners		$         -	$         -

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 38

		2019	2018
Revenues
	Rental	$   115,212	$   810,726
	Interest and other	887	16,373
		116,099	827,099
Expenses
	Interest	13,168	111,239
	Depreciation and amortization	27,635	155,514
	Operating expenses	99,031	564,808
		139,834	831,561
NET LOSS		$  (23,735)	$   (4,462)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (23,498)	$   (4,417)
Net loss allocated to other Partners		$     (237)	$      (45)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 39

		2019	2018
Revenues
	Rental	$         -	$         -
	Interest and other	-	-
		-	-
Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-
NET LOSS		$         -	$         -
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$         -
Net loss allocated to other Partners		$         -	$         -

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 40

		2019	2018
Revenues
	Rental	$   486,308	$ 1,017,456
	Interest and other	9,251	26,894
		495,559	1,044,350
Expenses
	Interest	80,247	189,214
	Depreciation and amortization	122,649	276,150
	Operating expenses	362,884	794,063
		565,780	1,259,427
NET LOSS		$  (70,221)	$ (215,077)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (69,519)	$ (212,926)
Net loss allocated to other Partners		$     (702)	$   (2,151)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 41

		2019	2018
Revenues
	Rental	$ 1,780,047	$ 1,815,549
	Interest and other	31,950	29,661
		1,811,997	1,845,210
Expenses
	Interest	283,344	340,027
	Depreciation and amortization	368,462	384,753
	Operating expenses	1,294,393	1,223,663
		1,946,199	1,948,443
NET LOSS		$ (134,202)	$ (103,233)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (132,860)	$ (102,201)
Net loss allocated to other Partners		$   (1,342)	$   (1,032)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 42

		2019	2018
Revenues
	Rental	$ 1,131,169	$ 1,196,029
	Interest and other	42,952	47,542
		1,174,121	1,243,571
Expenses
	Interest	217,395	242,115
	Depreciation and amortization	323,583	362,541
	Operating expenses	851,969	876,593
		1,392,947	1,481,249
NET LOSS		$ (218,826)	$ (237,678)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (216,638)	$ (235,301)
Net loss allocated to other Partners		$   (2,188)	$   (2,377)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 43

		2019	2018
Revenues
	Rental	$ 1,312,145	$ 2,093,498
	Interest and other	36,262	90,363
		1,348,407	2,183,861
Expenses
	Interest	113,547	256,666
	Depreciation and amortization	372,693	695,187
	Operating expenses	1,068,124	1,576,475
		1,554,364	2,528,328
NET LOSS		$ (205,957)	$ (344,467)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (203,897)	$ (341,022)
Net loss allocated to other Partners		$   (2,060)	$   (3,445)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 44

		2019	2018
Revenues
	Rental	$  2,449,364	$  2,981,014
	Interest and other	51,200	81,854
		2,500,564	3,062,868
Expenses
	Interest	553,571	695,577
	Depreciation and amortization	513,484	676,174
	Operating expenses	1,447,637	1,711,083
		2,514,692	3,082,834
NET LOSS		$   (14,128)	$   (19,966)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$   (13,987)	$   (19,766)
Net loss allocated to other Partners		$      (141)	$      (200)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 45

		2019	2018
Revenues
	Rental	$  3,290,532	$  3,545,117
	Interest and other	76,870	80,792
		3,367,402	3,625,909
Expenses
	Interest	404,349	455,418
	Depreciation and amortization	826,542	944,459
	Operating expenses	2,560,676	2,613,391
		3,791,567	4,013,268
NET LOSS		$  (424,165)	$  (387,359)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (419,923)	$  (383,485)
Net loss allocated to other Partners		$    (4,242)	$    (3,874)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 46

		2019	2018
Revenues
	Rental	$ 2,487,589	$ 2,360,265
	Interest and other	37,966	71,601
		2,525,555	2,431,866
Expenses
	Interest	480,436	469,907
	Depreciation and amortization	567,482	567,002
	Operating expenses	1,529,363	1,482,724
		2,577,281	2,519,633
NET LOSS		$  (51,726)	$  (87,767)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (51,209)	$  (86,889)
Net loss allocated to other Partners		$     (517)	$     (878)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2019

(Unaudited)

NOTE E - TAXABLE LOSS

The Fund's taxable loss is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods.

NOTE F - INCOME TAXES

The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund's federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2015 remain open.

NOTE G - SUBSEQUENT EVENTS

Events that occur after the balance sheet date but before the financial statements were available to be issued must be evaluated for recognition or disclosure.  The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes.  Management evaluated the activity of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements.

Item 2. Management's Discussions and Analysis of Financial Condition and
Results of Operations

This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements including our intentions, hopes, beliefs, expectations, strategies and predictions of our future activities, or other future events or conditions. These statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created by these acts. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including, for example, the factors identified in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended March 31, 2019. Although we believe that the assumptions underlying these forward-looking statements are reasonable, any of the assumptions could be inaccurate, and there can be no assurance that the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

Liquidity

The Fund's primary source of funds was the proceeds of its Public Offering.  Other sources of liquidity include (i) interest earned on capital contributions unpaid for the six months ended September 30, 2019 or on working capital reserves, (ii) cash distributions from operations of the Operating Partnerships in which the Fund has invested and (iii) proceeds received from the dispositions of the Operating Partnership that are returned to fund reserves.  These sources of liquidity, along with the Fund's working capital reserve, are available to meet the obligations of the Partnership.  The Fund does not anticipate significant cash distributions from operations of the Operating Partnerships.

The Fund is currently accruing the fund management fee.  Fund management fees accrued during the quarter ended September 30, 2019 were $368,371 and total fund management fees accrued as of September 30, 2019 were $16,957,211. During the six months ended September 30, 2019, $2,883,556 of the accrued fund management fees were paid. Pursuant to the Partnership Agreement, these liabilities will be deferred until the Fund receives proceeds from sales of the Operating Partnerships that will be used to satisfy these liabilities. The Fund's working capital and sources of liquidity coupled with affiliated party liability accruals allow sufficient levels of liquidity to meet the third party obligations of the Fund.  The Fund is currently unaware of any trends that would create insufficient liquidity to meet future third party obligations of the Fund. During the six months ended September 30, 2019, an affiliate of the general partner of the Fund was paid a total of $235,634 by Series 44 for reimbursements of operating expenses of the Fund previously recorded.

Capital Resources

The Fund offered BACs in the Public Offering declared effective by the Securities and Exchange Commission on December 16, 1993. The Fund received $38,667,000, $18,927,000, $25,644,000, $33,366,000, $21,697,000, $30,248,000, $39,959,000, $24,607,000, $39,999,000, $39,918,000, $26,490,750, $44,057,750, $47,431,000, $26,362,000, $35,273,000, $33,004,630, $21,068,375, $25,125,000, $25,431,000, $22,921,000, $26,629,250, $28,916,260, $27,442,620, $27,442,620, $36,379,870, $27,019,730, $40,143,670 and $29,809,980 representing 3,866,700, 1,892,700, 2,564,400, 3,336,727, 2,169,878, 3,026,109, 3,995,900, 2,460,700, 4,000,738, 3,991,800, 2,651,000, 4,417,857, 4,754,198, 2,636,533, 3,529,319, 3,300,463, 2,106,837, 2,512,500, 2,543,100, 2,292,152, 2,630,256, 2,891,626, 2,744,262, 3,637,987, 2,701,973, 4,014,367 and 2,980,998 BACs from investors admitted as BAC Holders in Series 20, Series 21, Series 22, Series 23, Series 24, Series 25, Series 26, Series 27, Series 28, Series 29, Series 30, Series 31, Series 32, Series 33, Series 34, Series 35, Series 36, Series 37, Series 38, Series 39, Series 40, Series 41, Series 42, Series 43, Series 44, Series 45 and Series 46, respectively, as of September 30, 2019.

Series 20

The Fund commenced offering BACs in Series 20 on January 21, 1994. Offers and sales of BACs in Series 20 were completed on June 24, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $27,693,970. Series 20 has since sold its interest in all 24 of the Operating Partnerships.

Prior to the quarter ended September 30, 2019, Series 20 had released all payments of its capital contributions to the Operating Partnerships.

Series 21

The Fund commenced offering BACs in Series 21 on July 5, 1994. Offers and sales of BACs in Series 21 were completed on September 30, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $13,872,728. Series 21 has since sold its interest in all 14 of the Operating Partnerships.

Prior to the quarter ended September 30, 2019, Series 21 had released all payments of its capital contributions to the Operating Partnerships.

Series 22

The Fund commenced offering BACs in Series 22 on October 12, 1994. Offers and sales of BACs in Series 22 were completed on December 28, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 29 Operating Partnerships in the amount of $18,758,748. Series 22 has since sold its interest in all 29 of the Operating Partnerships.

Prior to the quarter ended September 30, 2019, Series 22 had released all payments of its capital contributions to the Operating Partnerships.

Series 23

The Fund commenced offering BACs in Series 23 on January 10, 1995. Offers and sales of BACs in Series 23 were completed on June 23, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $24,352,278. Series 23 has since sold its interest in all 22 of the Operating Partnerships.

Prior to the quarter ended September 30, 2019, Series 23 had released all payments of its capital contributions to the Operating Partnerships.

Series 24

The Fund commenced offering BACs in Series 24 on June 9, 1995. Offers and sales of BACs in Series 24 were completed on September 22, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $15,796,309. Series 24 has since sold its interest in 20 of the Operating Partnerships and 4 remain.

Prior to the quarter ended September 30, 2019, Series 24 had released all payments of its capital contributions to the Operating Partnerships.

Series 25

The Fund commenced offering BACs in Series 25 on September 30, 1995. Offers and sales of BACs in Series 25 were completed on December 29, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $22,324,539. Series 25 has since sold its interest in all 22 of the Operating Partnerships.

Prior to the quarter ended September 30, 2019, Series 25 had released all payments of its capital contributions to the Operating Partnerships.

Series 26

The Fund commenced offering BACs in Series 26 on January 18, 1996. Offers and sales of BACs in Series 26 were completed on June 14, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 45 Operating Partnerships in the amount of $29,401,215. Series 26 has since sold its interest in 37 of the Operating Partnerships and 8 remain.

Prior to the quarter ended September 30, 2019, Series 26 had released all payments of its capital contributions to the Operating Partnerships.

Series 27

The Fund commenced offering BACs in Series 27 on June 17, 1996. Offers and sales of BACs in Series 27 were completed on September 27, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $17,881,574. Series 27 has since sold its interest in 14 of the Operating Partnerships and 2 remain.

Prior to the quarter ended September 30, 2019, Series 27 had released all payments of its capital contributions to the Operating Partnerships.

Series 28

The Fund commenced offering BACs in Series 28 on September 30, 1996. Offers and sales of BACs in Series 28 were completed on January 31, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 26 Operating Partnership in the amount of $29,281,983. Series 28 has since sold its interest in 23 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30, 2019, Series 28 had released all payments of its capital contributions to the Operating Partnerships.

Series 29

The Fund commenced offering BACs in Series 29 on February 10, 1997. Offers and sales of BACs in Series 29 were completed on June 20, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $29,137,877. Series 29 has since sold its interest in 17 of the Operating Partnerships and 5 remain.

During the quarter ended September 30, 2019, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable to 1 Operating Partnership in the amount of $785 as of September 30, 2019. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 30

The Fund commenced offering BACs in Series 30 on June 23, 1997. Offers and sales of BACs in Series 30 were completed on September 10, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 20 Operating Partnerships in the amount of $19,497,869. Series 30 has since sold its interest in all 20 of the Operating Partnerships.

Prior to the quarter ended September 30, 2019, Series 30 had released all payments of its capital contributions to the Operating Partnerships.

Series 31

The Fund commenced offering BACs in Series 31 on September 11, 1997. Offers and sales of BACs in Series 31 were completed on January 18, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 27 Operating Partnerships in the amount of $32,569,100. Series 31 has since sold its interest in all 27 of the Operating Partnerships.

During the quarter ended September 30, 2019, Series 31 converted the outstanding contributions payable of $25,000 to capital, and now has released all payments of its capital contributions to the Operating Partnerships.

Series 32

The Fund commenced offering BACs in Series 32 on January 19, 1998. Offers and sales of BACs in Series 32 were completed on June 23, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 17 Operating Partnerships in the amount of $34,129,677. Series 32 has since sold its interest in 12 of the Operating Partnerships and 5 remain. The series has also purchased membership interests in Bradley Phase I of Massachusetts LLC, Bradley Phase II of Massachusetts LLC, Byam Village of Massachusetts LLC, Hanover Towers of Massachusetts LLC, Harbor Towers of Massachusetts LLC and Maple Hill of Massachusetts LLC. In December 2010, the investment general partner sold its membership interests and a gain on the sale of the membership interests has been recorded in the amount of $499,998 as of December 31, 2010. Under the terms of these Assignments of Membership Interests dated December 1, 1998, the series is entitled to various profits, losses, tax credits, cash flow, proceeds from capital transactions and capital accounts as defined in the individual Operating Partnership Agreements. The series utilized $1,092,847 of funds available to invest in Operating Partnerships for this investment.

During the quarter ended September 30, 2019, Series 32 did not record any releases of capital contributions. Series 32 has outstanding contributions payable to 1 Operating Partnership in the amount of $1,229 as of September 30, 2019. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 33

The Fund commenced offering BACs in Series 33 on June 22, 1998. Offers and sales of BACs in Series 33 were completed on September 21, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $19,594,100. Series 33 has since sold its interest in 8 of the Operating Partnerships and 2 remain.

Prior to the quarter ended September 30, 2019, Series 33 had released all payments of its capital contributions to the Operating Partnerships.

Series 34

The Fund commenced offering BACs in Series 34 on September 22, 1998. Offers and sales of BACs in Series 34 were completed on February 11, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $25,738,978. Series 34 has since sold its interest in 11 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30, 2019, Series 34 had released all payments of its capital contributions to the Operating Partnerships.

Series 35

The Fund commenced offering BACs in Series 35 on February 22, 1999. Offers and sales of BACs in Series 35 were completed on June 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $24,002,391. Series 35 has since sold its interest in 10 of the Operating Partnerships and 1 remains.

Prior to the quarter ended September 30, 2019, Series 35 had released all payments of its capital contributions to the Operating Partnerships.

Series 36

The Fund commenced offering BACs in Series 36 on June 22, 1999. Offers and sales of BACs in Series 36 were completed on September 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $15,277,041. Series 36 has since sold its interest in 10 of the Operating Partnerships and 1 remains.

Prior to the quarter ended September 30, 2019, Series 36 had released all payments of its capital contributions to the Operating Partnerships.

Series 37

The Fund commenced offering BACs in Series 37 on October 29, 1999. Offers and sales of BACs in Series 37 were completed on January 28, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 7 Operating Partnerships in the amount of $18,735,142. Series 37 has since sold its interest in all 7 of the Operating Partnerships.

Prior to the quarter ended June 30, 2019, Series 37 had released all payments of its capital contributions to the Operating Partnerships.

Series 38

The Fund commenced offering BACs in Series 38 on February 1, 2000. Offers and sales of BACs in Series 38 were completed on July 31, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $18,612,287. Series 38 has since sold its interest in 9 of the Operating Partnerships and 1 remains. In addition, the Fund committed and used $420,296 of Series 38 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2019, Series 38 had released all payments of its capital contributions to the Operating Partnerships.

Series 39

The Fund commenced offering BACs in Series 39 on August 1, 2000. Offers and sales of BACs in Series 39 were completed on January 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 9 Operating Partnerships in the amount of $17,115,492. Series 39 has since sold its interest in all 9 of the Operating Partnerships. In addition, the Fund committed and used $192,987 of Series 39 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2019, Series 39 had released all payments of its capital contributions to the Operating Partnerships.

Series 40

The Fund commenced offering BACs in Series 40 on February 1, 2001. Offers and sales of BACs in Series 40 were completed on July 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $19,030,772. Series 40 has since sold its interest in 11 of the Operating Partnerships and 5 remain. In addition, the Fund committed and used $578,755 of Series 40 net offering proceeds to acquire a membership interest in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended September 30, 2019, Series 40 applied $102 of contributions payable to a prior year disposition, and has now released all payments of its capital contributions to the Operating Partnerships.

Series 41

The Fund commenced offering BACs in Series 41 on August 1, 2001. Offers and sales of BACs in Series 41 were completed on January 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $21,278,631. Series 41 has since sold its interest in 12 of the Operating Partnerships and 11 remain. In addition, the Fund committed and used $195,249 of Series 41 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2019, Series 41 had released all payments of its capital contributions to the Operating Partnerships.

Series 42

The Fund commenced offering BACs in Series 42 on February 1, 2002. Offers and sales of BACs in Series 42 were completed on July 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $20,661,120. Series 42 has since sold its interest in 14 of the Operating Partnerships and 9 remain.

During the quarter ended September 30, 2019, Series 42 did not record any releases of capital contributions. Series 42 has outstanding contributions payable to 1 Operating Partnership in the amount of $254 as of September 30, 2019. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 43

The Fund commenced offering BACs in Series 43 on August 1, 2002. Offers and sales of BCAs in Series 43 were completed in June 30, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $26,326,543. Series 43 has since sold its interest in 12 of the Operating Partnerships and 11 remain. The Fund also committed and used $805,160 of Series 43 net offering proceeds to acquire membership interests in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes. In addition, the Fund committed and used $268,451 of Series 43 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2019, Series 43 had released all payments of its capital contributions to the Operating Partnerships.

Series 44

The Fund commenced offering BACs in Series 44 on January 14, 2003. Offers and sales of BACs in Series 44 were completed in April 30, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $20,248,519. Series 44 has since sold its interest in 5 of the Operating Partnerships and 5 remain. In addition, the Fund committed and used $164,164 of Series 44 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2019, Series 44 had released all payments of its capital contributions to the Operating Partnerships.

Series 45

The Fund commenced offering BACs in Series 45 on July 1, 2003. Offers and sales of BACs in Series 45 were completed on September 16, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 31 Operating Partnerships in the amount of $30,232,512. Series 45 has since sold its interest in 9 of the Operating Partnerships and 22 remain. In addition, the Fund committed and used $302,862 of Series 45 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended September 30, 2019, Series 45 did not record any releases of capital contributions. Series 45 has outstanding contributions payable to 1 Operating Partnership in the amount of $16,724 as of September 30, 2019. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 46

The Fund commenced offering BACs in Series 46 on September 23, 2003. Offers and sales of BACs in Series 46 were completed on December 19, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 15 Operating Partnerships in the amount of $22,495,082. Series 46 has since sold its interest in 1 of the Operating Partnerships and 14 remain. In addition, the Fund committed and used $228,691 of Series 46 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2019, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

Results of Operations

As of September 30, 2019 and 2018, the Fund held limited partnership interests in 112 and 150 Operating Partnerships, respectively. In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy." Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K. The general partner of the Fund believes that there is adequate casualty insurance on the properties.

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the three and six months ended September 30, 2019, are as follows:

	3 Months Gross Fund Management Fee	3 Months Asset Management and Reporting Fee	3 Months Fund Management Fee Net of Asset Management and Reporting Fee
Series 20	$     -	$     -	$      -
Series 21	-	-	-
Series 22	-	-	-
Series 23	-	-	-
Series 24	10,299	-	10,299
Series 25	-	-	-
Series 26	13,938	-	13,938
Series 27	7,635	4,000	3,635
Series 28	7,296	-	7,296
Series 29	7,260	-	7,260
Series 30	-	-	-
Series 31	-	-	-
Series 32	19,794	-	19,794
Series 33	13,316	-	13,316
Series 34	11,496	-	11,496
Series 35	9,847	-	9,847
Series 36	2,739	-	2,739
Series 37	-	-	-
Series 38	2,742	3,000	(258)
Series 39	-	-	-
Series 40	19,612	-	19,612
Series 41	34,077	2,363	31,714
Series 42	23,790	452	23,338
Series 43	24,400	4,275	20,125
Series 44	48,187	10,836	37,351
Series 45	59,644	53	59,591
Series 46	52,299	2,300	49,999
	$368,371	$27,279	$341,092

	6 Months Gross Fund Management Fee	6 Months Asset Management and Reporting Fee	6 Months Fund Management Fee Net of Asset Management and Reporting Fee
Series 20	$     -	$      -	$      -
Series 21	-	-	-
Series 22	-	-	-
Series 23	-	-	-
Series 24	20,598	2,356	18,242
Series 25	-	-	-
Series 26	27,876	1,000	26,876
Series 27	15,270	6,380	8,890
Series 28	14,592	2,000	12,592
Series 29	14,520	-	14,520
Series 30	-	-	-
Series 31	4,308	64,295	(59,987)
Series 32	39,588	13,000	26,588
Series 33	26,634	17,420	9,214
Series 34	23,861	3,000	20,861
Series 35	20,500	3,200	17,300
Series 36	7,911	-	7,911
Series 37	-	-	-
Series 38	19,323	3,000	16,323
Series 39	-	-	-
Series 40	40,482	7,380	33,102
Series 41	68,154	15,859	52,295
Series 42	47,580	1,956	45,624
Series 43	55,511	9,275	46,236
Series 44	102,889	17,607	85,282
Series 45	119,288	9,853	109,435
Series 46	104,598	10,128	94,470
	$773,483	$187,709	$585,774

The Fund's investment objectives do not include receipt of significant cash distributions from the Operating Partnerships in which it has invested or intends to invest. The Fund's investments in Operating Partnerships have been and will be made principally with a view towards realization of federal housing tax credits for allocation to its partners and BAC holders.

Series 20

As of September 30, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2019.

For the six month periods ended September 30, 2019 and 2018, Series 20 reflects a net loss from Operating Partnerships of $- and $(15,264), respectively, which includes depreciation and amortization of $- and $28,416, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In April 2018, the investment general partner of Boston Capital Tax Credit Fund III - Series 18 and Series 20 transferred their respective interests in Virginia Avenue Affordable Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $499,989 and cash proceeds to the investment partnerships of $823,080 and $156,777 for Series 18 and Series 20, respectively. Of the total proceeds received, $7,560 and $1,440, for Series 18 and Series 20, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $815,520 and $155,337, for Series 18 and Series 20, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership, net of the overhead and expense reimbursement, has been recorded in the amount of $815,520 and $155,337, for Series 18 and Series 20, respectively, as of June 30, 2018.

In December 2018, the investment general partner transferred its interest in Concordia Housing Associates I, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,299,239 and cash proceeds to the investment partnership of $44,000. Of the total proceeds received, $2,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,000 as of December 31, 2018.

Series 21

The series did not have any properties as of September 30, 2019 and 2018.

Series 22

As of September 30, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2019.

For the six month periods ended September 30, 2019 and 2018, Series 22 reflects a net loss from Operating Partnerships of $- and $(30,638), respectively, which includes depreciation and amortization of $- and $54,539, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates II, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,335,237 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates III, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,320,530 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Drakes Branch Elderly Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,121,427 and cash proceeds to the investment partnership of $320. Of the total proceeds received, $320 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. There were no remaining proceeds to be returned to cash reserves held by Series 22. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2018.

Series 23

As of September 30, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2019.

For the six month periods ended September 30, 2019 and 2018, Series 23 reflects a net loss from Operating Partnerships of $- and $(16,479), respectively, which includes depreciation and amortization of $- and $45,095, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates II, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,335,237 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates III, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,320,530 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Ithaca I Limited Partnership I to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $413,732 and cash proceeds to the investment partnership of $8,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $5,500 were returned to cash reserves held by Series 23. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $5,500 as of December 31, 2018.

Series 24

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 24 reflects a net loss from Operating Partnerships of $(68,229) and $(57,033), respectively, which includes depreciation and amortization of $118,903 and $121,938, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2018, the investment general partners transferred their respective interests in Northfield Housing, Limited Partnership to entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $34,341 and cash proceeds to the investment partnerships of $26,678 and $13,322 for Series 24 and Series 42, respectively. Of the total proceeds received, $3,000 and $1,500 for Series 24 and Series 42, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,678 and $11,822 for Series 24 and Series 42, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $23,678 and $11,822 for Series 24 and Series 42, respectively, as of December 31, 2018.

Series 25

The series did not have any properties as of September 30, 2019 and 2018.

Series 26

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 26 reflects a net loss from Operating Partnerships of $(218,649) and $(158,897), respectively, which includes depreciation and amortization of $157,288 and $155,406, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Beckwood Manor One Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $831,636 and cash proceeds to the investment partnership of $14,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,500 as of June 30, 2018.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Beauregard Apartments Partnership, A L.D.H.A.

T.R. Bobb Apartments Partnership, A L.D.H.A.

Southwind Apartments, A L.D.H.A.

Warrensburg Heights L.P.

Series 27

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 27 reflects a net loss from Operating Partnerships of $(73,953) and $(44,105), respectively, which includes depreciation and amortization of $67,956 and $88,925, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2019, the operating general partner of Northrock Housing Associates Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 23, 2019. The sales price of the property was $5,547,522, which included the outstanding mortgage balance of approximately $968,733 and cash proceeds to the investment partnerships of $778,672 and $1,445,882, for Series 27 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $1,750 and $3,250, for Series 27 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $776,922 and $1,442,632, for Series 27 and Series 33, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $776,922 and $1,442,632, for Series 27 and Series 33, respectively, as of September 30, 2019.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

Angelou Court

Series 28

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 28 reflects a net loss from Operating Partnerships of $(70,774) and $(65,455), respectively, which includes depreciation and amortization of $69,046 and $91,762, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Evergreen Three Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $749,754 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $8,500 were returned to cash reserves held by Series 28. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $8,500 as of June 30, 2018.

In September 2019, the investment general partner transferred its interest in Fairway II LDHA to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $634,665 and cash proceeds to the investment partnership of $9,600. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,100 were returned to cash reserves held by Series 28. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,100 as of September 30, 2019.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Jackson Place Apartments, L.P.

Maplewood Apartments Partnership, A LA Partnership

Series 29

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 29 reflects a net loss from Operating Partnerships of $(85,428) and $(114,593), respectively, which includes depreciation and amortization of $92,325 and $114,458, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Edgewood Apartments Partnership, A Louisiana Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,914,574 and cash proceeds to the investment partnership of $108,000. Of the total proceeds received, $5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $102,500 were returned to cash reserves held by Series 29. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $102,500 as of June 30, 2018.

In June 2018, the investment general partner transferred its interest in Emerald Trace Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,591,041 and cash proceeds to the investment partnership of $25,494. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $20,494 were returned to cash reserves held by Series 29. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $20,494 as of June 30, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 29 was recorded as gain on the transfer of the Operating Partnership as of June 30, 2018.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Westfield Apartments Partnership, A Louisiana Partnership

The Lincoln Hotel

Poplarville Housing Inc.

Series 30

As of September 30, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2019.

For the six month periods ended September 30, 2019 and 2018, Series 30 reflects a net loss from Operating Partnerships of $- and $(43,152), respectively, which includes depreciation and amortization of $- and $76,907, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Emerald Trace II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $206,800 and cash proceeds to the investment partnership of $24,506. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,506 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,506 as of June 30, 2018.

In June 2018, the investment general partner transferred its interest in Pyramid One, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,927 and cash proceeds to the investment partnership of $10,000. Of the total proceeds received, $5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $4,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $4,500 as of June 30, 2018.

In September 2018, the investment general partner transferred its interest in JMC Limited Liability Company to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $885,168 and cash proceeds to the investment partnership of $7,500. Of the total proceeds received, $6,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $1,000 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $1,000 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $16,549 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Jeffries Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,313,353 and cash proceeds to the investment partnership of $60,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $57,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $57,500 as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in K.G.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,695,038 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $47,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $47,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $48,627 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

Series 31

As of September 30, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2019.

For the six month periods ended September 30, 2019 and 2018, Series 31 reflects a net loss from Operating Partnerships of $- and $(230,081), respectively, which includes depreciation and amortization of $- and $209,468, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Heritage One to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $814,632 and cash proceeds to the investment partnership of $11,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,500 as of June 30, 2018.

In July 2018, the investment general partner transferred its interest in N.M.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $781,448 and cash proceeds to the investment partnership of $42,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $39,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $39,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $22,452 for Series 31 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing One Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,985,952 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Two Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $954,499 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Three Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $735,823 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Four Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $676,092 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in G.A.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $657,592 and cash proceeds to the investment partnership of $20,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $18,842 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In April 2019, the operating general partner of Sencit Hampden Associates LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 10, 2019. The sales price of the property was $2,700,000, which included the outstanding mortgage balance of approximately $973,555. Of the total proceeds received by the investment partnership, $64,295 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $8,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $587,469 will be returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $587,469 as of June 30, 2019. In September 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $31,431 which was returned to the cash reserves.

Series 32

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30, 2019, all of which were at 100% Qualified Occupancy

For the six month periods ended September 30, 2019 and 2018, Series 32 reflects a net loss from Operating Partnerships of $(182,657) and $(206,936), respectively, which includes depreciation and amortization of $219,045 and $219,165, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In January 2018, the operating general partner of Pyramid Four Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 17, 2018. The sales price of the property was $1,536,000, which included the outstanding mortgage balance of approximately $388,399 and cash proceeds to the investment partnership of $492,880. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $487,880 will be returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $487,880 as of June 30, 2018. In March 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $51,208 which was returned to the cash reserves.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Pecan Manor Apartments Partnership, A Louisiana Partnership in Commendam

Parkside Plaza, LLP

Series 33

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 33 reflects a net loss from Operating Partnerships of $(58,426) and $(50,927), respectively, which includes depreciation and amortization of $100,726 and $139,535, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2019, the operating general partner of Northrock Housing Associates Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 23, 2019. The sales price of the property was $5,547,522, which included the outstanding mortgage balance of approximately $968,733 and cash proceeds to the investment partnerships of $778,672 and $1,445,882, for Series 27 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $1,750 and $3,250, for Series 27 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $776,922 and $1,442,632, for Series 27 and Series 33, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $776,922 and $1,442,632, for Series 27 and Series 33, respectively, as of September 30, 2019.

Series 34

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 34 reflects a net loss from Operating Partnerships of $(100,421) and $(45,780), respectively, which includes depreciation and amortization of $106,772 and $137,095, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In July 2019, the investment general partner transferred its interest in Abby Ridge, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $216,241 and cash proceeds to the investment partnership of $262,500. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $257,500 were returned to cash reserves held by Series 34. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $257,500 as of September 30, 2019.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

RHP 96-I, L.P.

Belmont Affordable Housing II, LP

Series 35

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 1 property at September 30, 2019, which was at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 35 reflects a net loss from Operating Partnerships of $(1,539) and $(14,939), respectively, which includes depreciation and amortization of $131,653 and $161,156, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In August 2019, the investment general partner transferred its interest in New Caney Housing II, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,027,284 and cash proceeds to the investment partnership of $150,000. Of the total proceeds received, $9,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $141,000 were returned to cash reserves held by Series 35. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $141,000 as of September 30, 2019.

Series 36

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 1 property at September 30, 2019, which was at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 36 reflects a net loss from Operating Partnerships of $(44,924) and $(41,774), respectively, which includes depreciation and amortization of $27,363 and $70,217, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2017, the operating general partner of Ashton Ridge L.D.H.A., Limited Partnership entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on July 31, 2018. The sales price of the property was $4,780,000, which included the outstanding mortgage balance of approximately $2,200,645. In addition, to cash proceeds from the sale, the operating/cash reserves/escrows of $212,517 were distributed after the sale. Cash proceeds from the sale returned to the investment partnerships $244,787 and $1,027,525, for Series 36 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $1,624 and $6,876 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, as of December 31, 2018. In November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating Partnership's cash in the amounts of $9,941 and $41,726, which was returned to the cash reserves of Series 36 and Series 37, respectively.

In February 2019, the operating general partner of Willowbrook Apartments Partnership, A Louisiana Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 19, 2019. The sales price of the property was $1,625,000, which included the outstanding mortgage balance of approximately $522,219 and cash proceeds to the investment partnership of $481,325. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $476,325 will be returned to cash reserves held by Series 36. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $476,325 as of June 30, 2019.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Wingfield Apartments Limited Partnership

Series 37

The series did not have any properties as of September 30, 2019 and 2018.

In December 2017, the operating general partner of Ashton Ridge L.D.H.A., Limited Partnership entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on July 31, 2018. The sales price of the property was $4,780,000, which included the outstanding mortgage balance of approximately $2,200,645. In addition, to cash proceeds from the sale, the operating/cash reserves/escrows of $212,517 were distributed after the sale. Cash proceeds from the sale returned to the investment partnerships $244,787 and $1,027,525, for Series 36 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $1,624 and $6,876 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, as of December 31, 2018. In November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating Partnership's cash in the amounts of $9,941 and $41,726, which was returned to the cash reserves of Series 36 and Series 37, respectively.

Series 38

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 1 property at September 30, 2019, which was at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 38 reflects a net loss from Operating Partnerships of $(23,735) and $(4,462), respectively, which includes depreciation and amortization of $27,635 and $155,514, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Heritage Two Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $823,454 and cash proceeds to the investment partnership of $10,500. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,000 were returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,000 as of June 30, 2018.

In February 2019, the operating general partner of Willowbrook II Apartments Partnership, A Louisiana Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 19, 2019. The sales price of the property was $1,625,000, which included the outstanding mortgage balance of approximately $425,416 and cash proceeds to the investment partnership of $527,974. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $522,974 will be returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $522,974 as of June 30, 2019.

In June 2019, the investment general partner transferred its interest in Aldine Westfield Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,544,775 and cash proceeds to the investment partnership of $950,000. Of the total proceeds received, $9,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $941,000 were returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $941,000 as of June 30, 2019.

Series 39

The series did not have any properties as of September 30, 2019 and 2018.

Series 40

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30, 2019, all of which at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 40 reflects a net loss from Operating Partnerships of $(70,221) and $(215,077), respectively, which includes depreciation and amortization of $122,649 and $276,150, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2018, the investment general partner transferred its interest in MA No. 2 LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,003,723 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $44,500 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $44,500 as of December 31, 2018.

In January 2019, the investment general partner transferred its interest in Sedgwick-Sundance Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,082,984 and cash proceeds to the investment partnership of $27,144. Of the total proceeds received, $9,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs and appraisal services. The remaining proceeds of approximately $17,644 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,644 as of March 31, 2019. In addition, equity outstanding for the Operating Partnership in the amount of $102 for Series 40 was recorded as gain on the transfer of the Operating Partnership as of September 30, 2019.

In August 2019, the investment general partner transferred its interest in Capitol Five Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,185,023 and cash proceeds to the investment partnership of $40,594. Of the total proceeds received, $4,950 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $35,644 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $35,644 as of September 30, 2019.

In September 2019, the operating general partner of Northrock Housing Associates II Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 23, 2019. The sales price of the property was $4,416,742, which included the outstanding mortgage balance of approximately $1,484,229 and cash proceeds to the investment partnership of $2,523,259. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $2,518,259 will be returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $2,518,259 as of September 30, 2019.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Center Place Apartments II Limited Partnership

Oakland Partnership, A Louisiana Partnership

Series 41

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 41 reflects a net loss from Operating Partnerships of $(134,202) and $(103,233), respectively, which includes depreciation and amortization of $368,462 and $384,753, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In April 2018, the operating general partner of Madison Housing Associates Two Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 15, 2018. The sales price of the property was $2,012,220, which included the outstanding mortgage balance of approximately $1,387,319 and cash proceeds to the investment partnership of $23,000. Of the total proceeds received by the investment partnership, $9,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $14,000 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $14,000 as of June 30, 2018.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Cedar Grove Apartments, Phase I Limited Partnership

Rural Housing Partners of Mendota

Rural Housing Partners of Fulton

Series 42

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 42 reflects a net loss from Operating Partnerships of $(218,826) and $(237,678), respectively, which includes depreciation and amortization of $323,583 and $362,541, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In August 2018, the investment general partner transferred its interest in Great Bridge Dover Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,638,266 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $7,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,500 were returned to cash reserves held by Series 42. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,500 as of December 31, 2018.

In December 2018, the investment general partners transferred their respective interests in Northfield Housing, Limited Partnership to entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $34,341 and cash proceeds to the investment partnerships of $26,678 and $13,322 for Series 24 and Series 42, respectively. Of the total proceeds received, $3,000 and $1,500 for Series 24 and Series 42, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,678 and $11,822 for Series 24 and Series 42, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $23,678 and $11,822 for Series 24 and Series 42, respectively, as of December 31, 2018.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

Wingfield Apartments Partnership II, LP

Series 43

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 43 reflects a net loss from Operating Partnerships of $(205,957) and $(344,467), respectively, which includes depreciation and amortization of $372,693 and $695,187, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In April 2018, the investment general partner transferred its interest in Bohannon Place, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $185,872 and cash proceeds to the investment partnership of $15,000. Of the total proceeds received, $6,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,000 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,000 as of June 30, 2018.

In December 2018, the investment general partner transferred its interest in Carpenter School I Elderly Apartments Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,342,297 and cash proceeds to the investment partnership of $40,000. Of the total proceeds received, $34,762 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfers. Of the remaining proceeds, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $738 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $738 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $26,082 for Series 43 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Henderson Fountainhead, A Texas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $807,402 and cash proceeds to the investment partnership of $43,200. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $39,700 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $39,700 as of December 31, 2018.

In January 2019, the investment general partner transferred its interest in MDI Limited Partnership #81 to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,027,416 and cash proceeds to the investment partnership of $360,000. Of the total proceeds received, $7,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $352,500 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $352,500 as of March 31, 2019.

In March 2019, the operating general partner of Alexander Mills, LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 31, 2019. The sales price of the property was $21,216,275, which included the outstanding mortgage balance of approximately $11,408,365 and cash proceeds to the investment partnerships of $1,065,532 and $1,302,317 for Series 43 and Series 44, respectively. Of the total proceeds received by the investment partnerships, $4,950 and $6,050 for Series 43 and Series 44, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,060,582 and $1,296,267 for Series 43 and Series 44, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,060,582 and $1,296,267 for Series 43 and Series 44, respectively, as of June 30, 2019.

In July 2019, the investment general partner transferred its interest in Gilbert Apartments, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $537,996 and cash proceeds to the investment partnership of $200,000. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $195,000 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $195,000 as of September 30, 2019.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

Parkside Plaza, LLP

Series 44

As of September 30, 2019 and 2018, the average Qualified Occupancy was 100%. The series had a total of 5 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 44 reflects a net loss from Operating Partnerships of $(14,128) and $(19,966), respectively, which includes depreciation and amortization of $513,484 and $676,174, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

United Development CO. 2001 LP (Memphis 102) is a 102-unit single family home scattered site development, located in Memphis, TN. In September 2013, the court-appointed receiver for the Operating Partnership entered into an agreement to sell the property to a third-party buyer for $1,173,000; the sale transaction closed on November 26, 2013. After payment of the outstanding real estate taxes, the remaining proceeds of $210,000 were paid to the first mortgage lender. There were no cash proceeds to the investment partnership. The buyer agreed to operate the property in accordance with the land use and regulatory agreement as well as Section 42 of the Tax Code; therefore, resulting in no tax credit recapture or interest penalties for the investment limited partner stemming from the sale. The investment limited partners will; however, lose federal tax credits in 2013 and 2014 totaling $30,660 and $131,253, respectively, in addition to the recapture in 2012 totaling $281,707, equivalent to $104 per 1,000 BACs. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership has been recorded. Despite the sale of the property, the low income housing tax credit compliance period for the tax credits received remains unchanged and expired on December 31, 2018.

United Development Limited Partnership 2001 (Families First II) is a 66-unit single family house development located in West Memphis, AR. Due to low occupancy, deferred maintenance, high operating expenses and high debt service, the partnership operates below breakeven. The operating general partner, whose operating deficit guarantee has expired, provides limited oversight of property operations. For the most part, it was the third party property management company and the investment general partner who directed property operations starting in January 2014. Beginning in the fourth quarter of 2013 and continuing through October 23, 2015, the investment limited partner had advanced $201,849 from fund reserves to Families First II to finance operating deficits. No further advances were made by the investment limited partner during the remainder of the fourth quarter of 2015 or during the first half of 2016. Starting in November 2015, mortgage payments were not made by the Operating Partnership. As a result, the lender issued a default notice on December 8, 2015, and accelerated payment of the mortgage note. On February 10, 2016 the court appointed a receiver to manage the property. The foreclosure on the property occurred on July 21, 2016. The tax credit recapture costs and interest penalties as a result of the foreclosure sale is estimated at $780,762. This is equivalent to recapture costs and interest penalties of $289 per 1,000 BACs. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain or loss on the foreclosure of the Operating Partnership has been reported. Note that the 15-year low income housing tax credit compliance period for Families First II would have expired on December 31, 2018.

In March 2019, the operating general partner of Alexander Mills, LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 31, 2019. The sales price of the property was $21,216,275, which included the outstanding mortgage balance of approximately $11,408,365 and cash proceeds to the investment partnerships of $1,065,532 and $1,302,317 for Series 43 and Series 44, respectively. Of the total proceeds received by the investment partnerships, $4,950 and $6,050 for Series 43 and Series 44, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,060,582 and $1,296,267 for Series 43 and Series 44, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,060,582 and $1,296,267 for Series 43 and Series 44, respectively, as of June 30, 2019.

In September 2019, the operating general partner of Northrock Housing Associates Three Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 23, 2019. The sales price of the property was $2,640,737, which included the outstanding mortgage balance of approximately $709,074 and cash proceeds to the investment partnership of $1,565,456. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,560,456 will be returned to cash reserves held by Series 44. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,560,456 as of September 30, 2019.

Series 45

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 22 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 45 reflects a net loss from Operating Partnerships of $(424,165) and $(387,359), respectively, which includes depreciation and amortization of $826,542 and $944,459, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Jefferson Housing, LP (Jefferson House) is a 101-unit property located in Lynchburg, VA. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations in conjunction with the Virginia Housing Development Authority. As of September 30, 2019, the property is maintaining average occupancy of 79%. Reporting delays remain a consistent issue. The operating general partner has an unlimited operating deficit guarantee. The low income housing tax credit compliance period expires on December 31, 2019.

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and 2018 due to high operating expenses. Through the third quarter of 2019, the property is operating above breakeven. Occupancy averaged 97% in 2018 and averaged 98% in the three quarters of 2019. The investment limited partner will continue to monitor the property's operating expenses. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Bartlett Bayou, L.P. subsequent to September 30, 2019.

University Plaza Investment Group, LLLP (University Plaza Senior Complex) is a 34-unit property in Greeley, CO.  On May 31, 2019, a complaint was filed by the daughter of a resident that burned to death in his unit on November 28, 2017. The Plaintiff has requested a trial by jury in an amount to be determined at trial. The Plaintiff is claiming negligence and wrongful death against the Operating Partnership. The operating general partner submitted the compliant to the insurance company who hired an attorney. The attorney filed an Answer and Jury Demand on June 24, 2019. Most of the answers to the compliant denied the allegations. The parties began discovery after the case management conference was completed on August 13, 2019. The attorney representing the Operating Partnership is in process of drafting the written discovery. Counsel for the investment general partner has reviewed the complaint and will continue to review all documentation with respect to the lawsuit. The Operating Partnership's liability insurance carries coverage of $500,000 per incident in addition to a $10,000,000 umbrella liability policy. At this time any outcome of the lawsuit cannot be determined and the investment general partner and legal counsel will continue to monitor the case.

In June 2018, the investment general partner transferred its interest in New Shinnston Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $455,569 and cash proceeds to the investment partnership of $350,000. Of the total proceeds received, $7,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $342,500 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $342,500 as of June 30, 2018.

In January 2019, the investment general partner transferred its interest in Borger Fountainhead, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $642,974 and cash proceeds to the investment partnership of $57,600. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $54,100 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $54,100 as of March 31, 2019.

In January 2019, the investment general partner transferred its interest in Lorie Village, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $612,720 and cash proceeds to the investment partnership of $125,000. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $121,000 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $121,000 as of March 31, 2019.

In January 2019, the investment general partner transferred its interest in Lakeview Station Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $532,127 and cash proceeds to the investment partnership of $120,000. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $116,000 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $116,000 as of March 31, 2019.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

Heritage Christian Home III, L.P.

Series 46

As of September 30, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at September 30, 2019, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2019 and 2018, Series 46 reflects a net loss from Operating Partnerships of $(51,726) and $(87,767), respectively, which includes depreciation and amortization of $567,482 and $567,002, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and 2018 due to high operating expenses. Through the third quarter of 2019, the property is operating above breakeven. Occupancy averaged 97% in 2018 and averaged 98% in the three quarters of 2019. The investment limited partner will continue to monitor the property's operating expenses. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Bartlett Bayou, L.P. subsequent to September 30, 2019.

Linden-Shawnee Partners, L.P. (The Linden's Apartments) is a 54-unit family property located in Shawnee, OK. The property was added to the Watchlist during second quarter of 2019 for below breakeven operations due to low occupancy and elevated operating expenses. As of September 30, 2019, occupancy is 85%. The investment limited partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner is under an operating deficit guarantee through the end of compliance. The 15-year low income housing tax credit compliance period with respect to Linden-Shawnee Partners, L.P. expires on December 31, 2020.

Off Balance Sheet Arrangements

None.

Principal Accounting Policies and Estimates

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), which require the Fund to make various estimates and assumptions. The following section is a summary of some aspects of those accounting policies that may require subjective or complex judgments and are most important to the portrayal of the Fund's financial condition and results of operations. The Fund believes that there is a low probability that the use of different estimates or assumptions in making these judgments would result in materially different amounts being reported in the financial statements.

The Fund is required to assess potential impairments to its long-lived assets, which are primarily investments in limited partnerships. The Fund accounts for its investment in limited partnerships in accordance with the equity method of accounting since the Fund does not control the operations of the Operating Partnerships. The purpose of an impairment analysis is to verify that the real estate investment balance reflected on the balance sheet does not exceed the value of the underlying investments.

If the book value of the Fund's investment in an Operating Partnership exceeds the estimated value derived by management, which generally consists of the remaining future Low-Income Housing Credits allocable to the Fund and the estimated residual value to the Fund, the Fund reduces its investment in the Operating Partnership.

The main reason an impairment loss typically occurs is that the annual operating losses, recorded in accordance with the equity method of accounting, of the investment in limited partnership does not reduce the balance as quickly as the annual use of the tax credits. In years prior to the year ended March 31, 2009, management included remaining tax credits as well as residual value in the calculated value of the underlying investments. However, management decided to take a more conservative approach to the investment calculation and determined that the majority of the residual value component of the valuation was zero for the years ended March 31, 2019 and 2018. However, it is important to note that this change in the accounting estimate to the calculation method of the impairment loss has no effect on the actual value or performance of the overall investment, nor does it have any effect on the remaining credits to be generated.

In accordance with the accounting guidance for the consolidation of variable interest entities, the Fund determines when it should include the assets, liabilities, and activities of a variable interest entity (VIE) in its financial statements, and when it should disclose information about its relationship with a VIE. The analysis that must be performed to determine which entity should consolidate a VIE focuses on control and economic factors.  A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it has (1) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (2) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share such power, as defined, no party will be required to consolidate the VIE. Further, the guidance requires continual reconsideration of the primary beneficiary of a VIE. 

Principal Accounting Policies and Estimates - continued

Based on this guidance, the Operating Partnerships in which the Fund invests meet the definition of a VIE because the owners of the equity at risk in these entities do not have the power to direct their operations.  However, management does not consolidate the Fund's interests in these VIEs, as it is not considered to be the primary beneficiary since it does not have the power to direct the activities that are considered most significant to the economic performance of these entities.  The Fund currently records the amount of its investment in these partnerships as an asset on its balance sheets, recognizes its share of partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statements. The Fund's balance in investment in Operating Partnerships, advances made to Operating Partnerships, plus the risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss.  The Fund's exposure to loss on these partnerships is mitigated by the condition and financial performance of the underlying Housing Complexes as well as the strength of the general partners and their guarantee against credit recapture to the investors of the Fund.

Item 3	Quantitative and Qualitative Disclosures About Market Risk
	Not Applicable

Item 4	Controls and Procedures
	(a)	Evaluation of Disclosure Controls and Procedures
		As of the end of the period covered by this report, the Fund's general partner, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of C&M Management Inc., carried out an evaluation of the effectiveness of the Fund's "disclosure controls and procedures" as defined under the Securities Exchange Act of 1934 Rules 13a-15 and 15d-15 with respect to each series individually, as well as the Fund as a whole. Based on that evaluation, the Fund's Principal Executive Officer and Principal Financial Officer have concluded that as of the end of the period covered by this report, the Fund's disclosure controls and procedures were effective to ensure that information relating to any series or the Fund as a whole required to be disclosed by it in the reports that it files or submits under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and (ii) is accumulated and communicated to the Fund's management, including the Fund's Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure with respect to each series individually, as well as the Fund as a whole.
	(b)	Changes in Internal Controls
		There were no changes in the Fund's internal control over financial reporting that occurred during the quarter ended September 30, 2019 that materially affected, or are reasonably likely to materially affect, the Fund's internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings
	None
Item 1A.	Risk Factors
	There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2019.
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
	None
Item 3.	Defaults Upon Senior Securities
	None
Item 4.	Mine Safety Disclosures
	Not Applicable
Item 5.	Other Information
	None
Item 6.	Exhibits
		31.a Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 302
		31.b Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 302
		32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 906
		32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 906
		101. The following materials from the Boston Capital Tax Credit Fund IV L.P. Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2019 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

	Boston Capital Tax Credit Fund IV L.P.
	By:	Boston Capital Associates IV L.P. General Partner
	By:	BCA Associates Limited Partnership General Partner
	By:	C&M Management, Inc. General Partner
Date: November 13, 2019		By:	/s/ John P. Manning John P. Manning

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Fund and in the capacities and on the dates indicated:

DATE:	SIGNATURE:	TITLE:
November 13, 2019	/s/ John P. Manning	Director, President (Principal Executive Officer), C&M Management, Inc.; Director, President (Principal Executive Officer) BCTC IV Assignor Corp.
	John P. Manning
November 13, 2019	/s/ Marc N. Teal Marc N. Teal	Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) C&M Management Inc.; Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) BCTC IV Assignor Corp.

EX-31

Exhibit 31.a

I, John P. Manning, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Boston Capital Tax Credit Fund IV L.P.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))for the registrant and have:

1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

1. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 13, 2019	/s/ John P. Manning
	John P. Manning
	Principal Executive Officer

EX-31

Exhibit 31.b

I, Marc Teal, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Boston Capital Tax Credit Fund IV L.P.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))for the registrant and have:

1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

1. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 13, 2019	/s/ Marc N. Teal
	Marc N. Teal Principal Financial Officer

EX-32

EXHIBIT 32.a

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Boston Capital Tax Credit Fund IV L.P. (the "Fund") on Form 10-Q for the period ended September 30, 2019 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, John P. Manning, Principal Executive Officer of the general partner of the general partner of the Fund's general partner, C&M Management Inc., certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge, after due inquiry:

(1)	The Report fully complies with the requirements of section 13(a)-15 or 15(d)-15 of the Securities and Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Date:
November 13, 2019	/s/ John P. Manning
	John P. Manning
	Principal Executive Officer

A signed original of this written statement required by Section 906, or other

document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32

EXHIBIT 32.b

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Boston Capital Tax Credit Fund IV L.P. (the "Fund") on Form 10-Q for the period ended September 30, 2019 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Marc N. Teal, Principal Financial Officer of the general partner of the general partner of the Fund's general partner, C&M Management Inc., certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge, after due inquiry:

(1)	The Report fully complies with the requirements of section 13(a)-15 or 15(d)-15 of the Securities and Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Date:
November 13, 2019	/s/ Marc N. Teal
	Marc. N. Teal
	Principal Financial Officer

A signed original of this written statement required by Section 906, or other

document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.

XML

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income
Interest income	$ 88,130	$ 52,135	$ 157,936	$ 102,997
Other income	104,513	75,634	212,121	262,123
Revenues	192,643	127,769	370,057	365,120
Gain on disposition of Operating Partnerships (Note D)	6,966,046	1,430,313	11,850,663	2,619,630
Expenses
Professional fees	314,129	58,780	327,696	426,907
Fund management fee, net (Note C)	341,092	404,905	585,774	816,630
General and administrative expenses	122,855	165,278	226,337	249,562
Operating expenses	778,076	628,963	1,139,807	1,493,099
NET INCOME (LOSS)	6,380,613	929,119	11,080,913	1,491,651
Net income (loss) allocated to assignees	6,316,810	919,829	10,970,106	1,476,735
Net income (loss) allocated to general partner	$ 63,803	$ 9,290	$ 110,807	$ 14,916
Net income (loss) per BAC	$ 0.08	$ 0.01	$ 0.13	$ 0.02
Series Twenty [Member]
Income
Interest income	$ 0	$ 393	$ 0	$ 979
Other income	0	0	0	0
Revenues	0	393	0	979
Gain on disposition of Operating Partnerships (Note D)	0	0	0	155,337
Expenses
Professional fees	0	1,565	0	11,670
Fund management fee, net (Note C)	0	2,549	0	4,820
General and administrative expenses	0	7,139	0	11,119
Operating expenses	0	11,253	0	27,609
NET INCOME (LOSS)	0	(10,860)	0	128,707
Net income (loss) allocated to assignees	0	(10,751)	0	127,420
Net income (loss) allocated to general partner	$ 0	$ (109)	$ 0	$ 1,287
Net income (loss) per BAC	$ 0.00	$ 0.00	$ 0.00	$ 0.03
Series Twenty One [Member]
Income
Interest income	$ 0	$ 0	$ 0	$ 0
Other income	0	0	0	0
Revenues	0	0	0	0
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	0	0	0	0
Fund management fee, net (Note C)	0	0	0	0
General and administrative expenses	0	0	0	0
Operating expenses	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
Net income (loss) allocated to assignees	0	0	0	0
Net income (loss) allocated to general partner	$ 0	$ 0	$ 0	$ 0
Net income (loss) per BAC	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Series Twenty Two [Member]
Income
Interest income	$ 0	$ 591	$ 0	$ 1,124
Other income	0	0	0	0
Revenues	0	591	0	1,124
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	0	1,565	0	11,045
Fund management fee, net (Note C)	0	6,426	0	12,352
General and administrative expenses	0	6,453	0	9,819
Operating expenses	0	14,444	0	33,216
NET INCOME (LOSS)	0	(13,853)	0	(32,092)
Net income (loss) allocated to assignees	0	(13,714)	0	(31,771)
Net income (loss) allocated to general partner	$ 0	$ (139)	$ 0	$ (321)
Net income (loss) per BAC	$ 0.00	$ (0.01)	$ 0.00	$ (0.01)
Series Twenty Three [Member]
Income
Interest income	$ 0	$ 633	$ 0	$ 1,556
Other income	0	1,977	0	3,955
Revenues	0	2,610	0	5,511
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	0	1,686	0	12,601
Fund management fee, net (Note C)	0	5,556	0	7,506
General and administrative expenses	0	6,983	0	10,844
Operating expenses	0	14,225	0	30,951
NET INCOME (LOSS)	0	(11,615)	0	(25,440)
Net income (loss) allocated to assignees	0	(11,499)	0	(25,186)
Net income (loss) allocated to general partner	$ 0	$ (116)	$ 0	$ (254)
Net income (loss) per BAC	$ 0.00	$ 0.00	$ 0.00	$ (0.01)
Series Twenty Four [Member]
Income
Interest income	$ 894	$ 528	$ 1,683	$ 1,121
Other income	0	582	1,680	582
Revenues	894	1,110	3,363	1,703
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	13,776	1,746	14,433	13,741
Fund management fee, net (Note C)	10,299	9,594	18,242	20,355
General and administrative expenses	5,732	6,116	10,515	9,281
Operating expenses	29,807	17,456	43,190	43,377
NET INCOME (LOSS)	(28,913)	(16,346)	(39,827)	(41,674)
Net income (loss) allocated to assignees	(28,624)	(16,182)	(39,429)	(41,257)
Net income (loss) allocated to general partner	$ (289)	$ (164)	$ (398)	$ (417)
Net income (loss) per BAC	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Series Twenty Five [Member]
Income
Interest income	$ 0	$ 0	$ 0	$ 0
Other income	0	0	0	0
Revenues	0	0	0	0
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	0	0	0	0
Fund management fee, net (Note C)	0	0	0	0
General and administrative expenses	0	0	0	0
Operating expenses	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
Net income (loss) allocated to assignees	0	0	0	0
Net income (loss) allocated to general partner	$ 0	$ 0	$ 0	$ 0
Net income (loss) per BAC	$ 0	$ 0.00	$ 0.00	$ 0.00
Series Twenty Six [Member]
Income
Interest income	$ 1,312	$ 1,023	$ 2,437	$ 1,948
Other income	0	0	420	420
Revenues	1,312	1,023	2,857	2,368
Gain on disposition of Operating Partnerships (Note D)	0	0	0	10,500
Expenses
Professional fees	16,317	2,166	16,974	20,446
Fund management fee, net (Note C)	13,938	13,938	26,876	28,547
General and administrative expenses	8,365	7,233	15,175	11,426
Operating expenses	38,620	23,337	59,025	60,419
NET INCOME (LOSS)	(37,308)	(22,314)	(56,168)	(47,551)
Net income (loss) allocated to assignees	(36,935)	(22,090)	(55,606)	(47,075)
Net income (loss) allocated to general partner	$ (373)	$ (224)	$ (562)	$ (476)
Net income (loss) per BAC	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Series Twenty Seven [Member]
Income
Interest income	$ 19,771	$ 13,765	$ 40,073	$ 26,237
Other income	15,472	1,366	15,472	1,366
Revenues	35,243	15,131	55,545	27,603
Gain on disposition of Operating Partnerships (Note D)	776,922	0	776,922	0
Expenses
Professional fees	11,510	2,670	12,167	14,660
Fund management fee, net (Note C)	3,635	5,255	8,890	12,890
General and administrative expenses	5,736	6,244	10,571	9,449
Operating expenses	20,881	14,169	31,628	36,999
NET INCOME (LOSS)	791,284	962	800,839	(9,396)
Net income (loss) allocated to assignees	783,372	952	792,831	(9,302)
Net income (loss) allocated to general partner	$ 7,912	$ 10	$ 8,008	$ (94)
Net income (loss) per BAC	$ 0.32	$ 0.00	$ 0.33	$ 0.00
Series Twenty Eight [Member]
Income
Interest income	$ 1,764	$ 1,047	$ 2,976	$ 1,978
Other income	0	0	446	446
Revenues	1,764	1,047	3,422	2,424
Gain on disposition of Operating Partnerships (Note D)	7,100	0	7,100	8,500
Expenses
Professional fees	13,529	1,686	14,186	12,426
Fund management fee, net (Note C)	7,296	7,296	12,592	14,140
General and administrative expenses	7,829	7,027	14,207	10,880
Operating expenses	28,654	16,009	40,985	37,446
NET INCOME (LOSS)	(19,790)	(14,962)	(30,463)	(26,522)
Net income (loss) allocated to assignees	(19,592)	(14,813)	(30,158)	(26,257)
Net income (loss) allocated to general partner	$ (198)	$ (149)	$ (305)	$ (265)
Net income (loss) per BAC	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
Series Twenty Nine [Member]
Income
Interest income	$ 610	$ 962	$ 1,334	$ 2,207
Other income	0	0	0	0
Revenues	610	962	1,334	2,207
Gain on disposition of Operating Partnerships (Note D)	0	0	0	123,094
Expenses
Professional fees	15,795	1,866	16,452	15,121
Fund management fee, net (Note C)	7,260	7,261	14,520	22,354
General and administrative expenses	6,672	7,223	12,503	11,244
Operating expenses	29,727	16,350	43,475	48,719
NET INCOME (LOSS)	(29,117)	(15,388)	(42,141)	76,582
Net income (loss) allocated to assignees	(28,826)	(15,234)	(41,720)	75,816
Net income (loss) allocated to general partner	$ (291)	$ (154)	$ (421)	$ 766
Net income (loss) per BAC	$ (0.01)	$ 0.00	$ (0.01)	$ 0.02
Series Thirty [Member]
Income
Interest income	$ 0	$ 789	$ 0	$ 1,588
Other income	0	0	0	2,049
Revenues	0	789	0	3,637
Gain on disposition of Operating Partnerships (Note D)	0	17,549	0	41,555
Expenses
Professional fees	0	1,866	0	16,371
Fund management fee, net (Note C)	0	7,462	0	12,574
General and administrative expenses	0	6,263	0	9,423
Operating expenses	0	15,591	0	38,368
NET INCOME (LOSS)	0	2,747	0	6,824
Net income (loss) allocated to assignees	0	2,720	0	6,756
Net income (loss) allocated to general partner	$ 0	$ 27	$ 0	$ 68
Net income (loss) per BAC	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Series Thirty One [Member]
Income
Interest income	$ 6,536	$ 4,528	$ 10,540	$ 8,498
Other income	0	0	0	476
Revenues	6,536	4,528	10,540	8,974
Gain on disposition of Operating Partnerships (Note D)	31,431	61,952	618,900	69,452
Expenses
Professional fees	19,370	1,986	20,027	17,126
Fund management fee, net (Note C)	0	16,535	(59,987)	34,127
General and administrative expenses	7,738	7,083	14,489	11,070
Operating expenses	27,108	25,604	(25,471)	62,323
NET INCOME (LOSS)	10,859	40,876	654,911	16,103
Net income (loss) allocated to assignees	10,751	40,467	648,362	15,942
Net income (loss) allocated to general partner	$ 108	$ 409	$ 6,549	$ 161
Net income (loss) per BAC	$ 0.00	$ 0.01	$ 0.15	$ 0.00
Series Thirty Two [Member]
Income
Interest income	$ 1,125	$ 341	$ 2,048	$ 1,611
Other income	4,320	0	4,320	0
Revenues	5,445	341	6,368	1,611
Gain on disposition of Operating Partnerships (Note D)	0	0	0	487,880
Expenses
Professional fees	15,115	1,866	16,314	15,503
Fund management fee, net (Note C)	19,794	19,794	26,588	41,881
General and administrative expenses	8,155	7,173	14,855	11,236
Operating expenses	43,064	28,833	57,757	68,620
NET INCOME (LOSS)	(37,619)	(28,492)	(51,389)	420,871
Net income (loss) allocated to assignees	(37,243)	(28,207)	(50,875)	416,662
Net income (loss) allocated to general partner	$ (376)	$ (285)	$ (514)	$ 4,209
Net income (loss) per BAC	$ (0.01)	$ (0.01)	$ (0.01)	$ 0.09
Series Thirty Three [Member]
Income
Interest income	$ 937	$ 829	$ 1,800	$ 1,772
Other income	14,427	2,536	14,427	2,536
Revenues	15,364	3,365	16,227	4,308
Gain on disposition of Operating Partnerships (Note D)	1,442,632	0	1,442,632	0
Expenses
Professional fees	13,772	1,686	14,971	13,676
Fund management fee, net (Note C)	13,316	8,898	9,214	22,216
General and administrative expenses	6,383	6,049	11,574	9,106
Operating expenses	33,471	16,633	35,759	44,998
NET INCOME (LOSS)	1,424,525	(13,268)	1,423,100	(40,690)
Net income (loss) allocated to assignees	1,410,280	(13,135)	1,408,869	(40,283)
Net income (loss) allocated to general partner	$ 14,245	$ (133)	$ 14,231	$ (407)
Net income (loss) per BAC	$ 0.54	$ (0.01)	$ 0.54	$ (0.02)
Series Thirty Four [Member]
Income
Interest income	$ 825	$ 540	$ 1,458	$ 1,134
Other income	2,100	1,539	2,100	1,539
Revenues	2,925	2,079	3,558	2,673
Gain on disposition of Operating Partnerships (Note D)	257,500	0	257,500	0
Expenses
Professional fees	12,207	1,626	12,864	11,736
Fund management fee, net (Note C)	11,496	8,166	20,861	20,532
General and administrative expenses	6,010	6,559	11,262	10,036
Operating expenses	29,713	16,351	44,987	42,304
NET INCOME (LOSS)	230,712	(14,272)	216,071	(39,631)
Net income (loss) allocated to assignees	228,405	(14,130)	213,910	(39,235)
Net income (loss) allocated to general partner	$ 2,307	$ (142)	$ 2,161	$ (396)
Net income (loss) per BAC	$ 0.07	$ 0.00	$ 0.06	$ (0.01)
Series Thirty Five [Member]
Income
Interest income	$ 13,538	$ 8,426	$ 25,729	$ 16,237
Other income	2,180	0	5,963	0
Revenues	15,718	8,426	31,692	16,237
Gain on disposition of Operating Partnerships (Note D)	141,000	0	141,000	0
Expenses
Professional fees	10,813	1,626	11,470	11,911
Fund management fee, net (Note C)	9,847	4,053	17,300	14,706
General and administrative expenses	5,943	6,499	11,126	9,942
Operating expenses	26,603	12,178	39,896	36,559
NET INCOME (LOSS)	130,115	(3,752)	132,796	(20,322)
Net income (loss) allocated to assignees	128,814	(3,715)	131,468	(20,119)
Net income (loss) allocated to general partner	$ 1,301	$ (37)	$ 1,328	$ (203)
Net income (loss) per BAC	$ 0.04	$ 0.00	$ 0.04	$ (0.01)
Series Thirty Six [Member]
Income
Interest income	$ 10,538	$ 5,249	$ 20,501	$ 9,687
Other income	0	0	0	5,119
Revenues	10,538	5,249	20,501	14,806
Gain on disposition of Operating Partnerships (Note D)	0	243,163	476,325	243,163
Expenses
Professional fees	12,135	10,708	12,792	55,250
Fund management fee, net (Note C)	2,739	5,990	7,911	11,706
General and administrative expenses	6,011	5,794	10,850	8,619
Operating expenses	20,885	22,492	31,553	75,575
NET INCOME (LOSS)	(10,347)	225,920	465,273	182,394
Net income (loss) allocated to assignees	(10,244)	223,661	460,620	180,570
Net income (loss) allocated to general partner	$ (103)	$ 2,259	$ 4,653	$ 1,824
Net income (loss) per BAC	$ 0.00	$ 0.11	$ 0.22	$ 0.09
Series Thirty Seven [Member]
Income
Interest income	$ 0	$ 717	$ 0	$ 1,527
Other income	0	0	0	21,485
Revenues	0	717	0	23,012
Gain on disposition of Operating Partnerships (Note D)	0	1,020,649	0	1,020,649
Expenses
Professional fees	0	1,566	0	11,221
Fund management fee, net (Note C)	0	3,396	0	5,562
General and administrative expenses	0	9,704	0	12,620
Operating expenses	0	14,666	0	29,403
NET INCOME (LOSS)	0	1,006,700	0	1,014,258
Net income (loss) allocated to assignees	0	996,633	0	1,004,115
Net income (loss) allocated to general partner	$ 0	$ 10,067	$ 0	$ 10,143
Net income (loss) per BAC	$ 0.00	$ 0.40	$ 0.00	$ 0.40
Series Thirty Eight [Member]
Income
Interest income	$ 9,160	$ 1,720	$ 12,362	$ 4,556
Other income	5,700	24,000	5,700	50,000
Revenues	14,860	25,720	18,062	54,556
Gain on disposition of Operating Partnerships (Note D)	0	0	1,463,974	7,000
Expenses
Professional fees	12,832	1,746	13,489	12,216
Fund management fee, net (Note C)	(258)	16,581	16,323	31,815
General and administrative expenses	5,515	6,006	10,188	9,025
Operating expenses	18,089	24,333	40,000	53,056
NET INCOME (LOSS)	(3,229)	1,387	1,442,036	8,500
Net income (loss) allocated to assignees	(3,196)	1,373	1,427,616	8,415
Net income (loss) allocated to general partner	$ (33)	$ 14	$ 14,420	$ 85
Net income (loss) per BAC	$ 0.00	$ 0.00	$ 0.56	$ 0.00
Series Thirty Nine [Member]
Income
Interest income	$ 0	$ 0	$ 0	$ 0
Other income	0	0	0	0
Revenues	0	0	0	0
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	0	0	0	0
Fund management fee, net (Note C)	0	0	0	0
General and administrative expenses	0	0	0	0
Operating expenses	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
Net income (loss) allocated to assignees	0	0	0	0
Net income (loss) allocated to general partner	$ 0	$ 0	$ 0	$ 0
Net income (loss) per BAC	$ 0	$ 0.00	$ 0.00	$ 0.00
Series Forty [Member]
Income
Interest income	$ 637	$ 787	$ 1,332	$ 1,418
Other income	6,639	1,250	6,639	1,250
Revenues	7,276	2,037	7,971	2,668
Gain on disposition of Operating Partnerships (Note D)	2,554,005	44,500	2,554,005	44,500
Expenses
Professional fees	17,624	2,046	18,281	16,741
Fund management fee, net (Note C)	19,612	21,194	33,102	45,638
General and administrative expenses	5,498	6,017	10,152	9,248
Operating expenses	42,734	29,257	61,535	71,627
NET INCOME (LOSS)	2,518,547	17,280	2,500,441	(24,459)
Net income (loss) allocated to assignees	2,493,362	17,108	2,475,437	(24,214)
Net income (loss) allocated to general partner	$ 25,185	$ 172	$ 25,004	$ (245)
Net income (loss) per BAC	$ 0.95	$ 0.01	$ 0.95	$ (0.01)
Series Forty One [Member]
Income
Interest income	$ 878	$ 875	$ 1,683	$ 2,077
Other income	1,302	0	47,364	41,340
Revenues	2,180	875	49,047	43,417
Gain on disposition of Operating Partnerships (Note D)	0	0	0	14,000
Expenses
Professional fees	18,902	2,466	19,559	24,071
Fund management fee, net (Note C)	31,714	34,076	52,295	57,860
General and administrative expenses	5,881	10,538	10,890	14,061
Operating expenses	56,497	47,080	82,744	95,992
NET INCOME (LOSS)	(54,317)	(46,205)	(33,697)	(38,575)
Net income (loss) allocated to assignees	(53,774)	(45,743)	(33,360)	(38,189)
Net income (loss) allocated to general partner	$ (543)	$ (462)	$ (337)	$ (386)
Net income (loss) per BAC	$ (0.02)	$ (0.02)	$ (0.01)	$ (0.01)
Series Forty Two [Member]
Income
Interest income	$ 4,826	$ 3,873	$ 9,597	$ 6,986
Other income	4,715	290	9,569	6,591
Revenues	9,541	4,163	19,166	13,577
Gain on disposition of Operating Partnerships (Note D)	0	42,500	0	42,500
Expenses
Professional fees	21,209	2,286	21,866	21,826
Fund management fee, net (Note C)	23,338	15,249	45,624	33,396
General and administrative expenses	5,708	6,129	10,535	9,319
Operating expenses	50,255	23,664	78,025	64,541
NET INCOME (LOSS)	(40,714)	22,999	(58,859)	(8,464)
Net income (loss) allocated to assignees	(40,306)	22,769	(58,270)	(8,379)
Net income (loss) allocated to general partner	$ (408)	$ 230	$ (589)	$ (85)
Net income (loss) per BAC	$ (0.01)	$ 0.01	$ (0.02)	$ 0.00
Series Forty Three [Member]
Income
Interest income	$ 5,746	$ 1,360	$ 7,835	$ 3,296
Other income	4,988	639	5,862	49,644
Revenues	10,734	1,999	13,697	52,940
Gain on disposition of Operating Partnerships (Note D)	195,000	0	1,255,582	9,000
Expenses
Professional fees	24,014	2,526	24,671	23,336
Fund management fee, net (Note C)	20,125	44,591	46,236	72,674
General and administrative expenses	6,184	7,508	11,542	11,236
Operating expenses	50,323	54,625	82,449	107,246
NET INCOME (LOSS)	155,411	(52,626)	1,186,830	(45,306)
Net income (loss) allocated to assignees	153,857	(52,100)	1,174,962	(44,853)
Net income (loss) allocated to general partner	$ 1,554	$ (526)	$ 11,868	$ (453)
Net income (loss) per BAC	$ 0.04	$ (0.01)	$ 0.32	$ (0.01)
Series Forty Four [Member]
Income
Interest income	$ 4,319	$ 99	$ 4,904	$ 244
Other income	11,961	13,800	12,756	13,800
Revenues	16,280	13,899	17,660	14,044
Gain on disposition of Operating Partnerships (Note D)	1,560,456	0	2,856,723	0
Expenses
Professional fees	14,791	1,926	15,448	14,286
Fund management fee, net (Note C)	37,351	46,192	85,282	90,656
General and administrative expenses	5,658	6,159	10,506	9,339
Operating expenses	57,800	54,277	111,236	114,281
NET INCOME (LOSS)	1,518,936	(40,378)	2,763,147	(100,237)
Net income (loss) allocated to assignees	1,503,747	(39,975)	2,735,516	(99,235)
Net income (loss) allocated to general partner	$ 15,189	$ (403)	$ 27,631	$ (1,002)
Net income (loss) per BAC	$ 0.56	$ (0.01)	$ 1.02	$ (0.04)
Series Forty Five [Member]
Income
Interest income	$ 3,625	$ 2,148	$ 7,453	$ 3,593
Other income	8,725	4,116	31,039	26,321
Revenues	12,350	6,264	38,492	29,914
Gain on disposition of Operating Partnerships (Note D)	0	0	0	342,500
Expenses
Professional fees	31,242	5,678	31,899	31,291
Fund management fee, net (Note C)	59,591	47,015	109,435	104,532
General and administrative expenses	7,853	6,982	14,278	11,361
Operating expenses	98,686	59,675	155,612	147,184
NET INCOME (LOSS)	(86,336)	(53,411)	(117,120)	225,230
Net income (loss) allocated to assignees	(85,473)	(52,877)	(115,949)	222,978
Net income (loss) allocated to general partner	$ (863)	$ (534)	$ (1,171)	$ 2,252
Net income (loss) per BAC	$ (0.02)	$ (0.01)	$ (0.03)	$ 0.06
Series Forty Six [Member]
Income
Interest income	$ 1,089	$ 912	$ 2,191	$ 1,623
Other income	21,984	23,539	48,364	33,204
Revenues	23,073	24,451	50,555	34,827
Gain on disposition of Operating Partnerships (Note D)	0	0	0	0
Expenses
Professional fees	19,176	2,226	19,833	18,636
Fund management fee, net (Note C)	49,999	47,838	94,470	93,791
General and administrative expenses	5,984	6,397	11,119	9,859
Operating expenses	75,159	56,461	125,422	122,286
NET INCOME (LOSS)	(52,086)	(32,010)	(74,867)	(87,459)
Net income (loss) allocated to assignees	(51,565)	(31,689)	(74,118)	(86,584)
Net income (loss) allocated to general partner	$ (521)	$ (321)	$ (749)	$ (875)
Net income (loss) per BAC	$ (0.02)	$ (0.01)	$ (0.02)	$ (0.03)

XML

ACCOUNTING AND FINANCIAL REPORTING POLICIES

6 Months Ended

Sep. 30, 2019

ACCOUNTING AND FINANCIAL REPORTING POLICIES

ACCOUNTING AND FINANCIAL REPORTING POLICIES

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of September 30,2019 and for the three and six months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund’s accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund’s Annual Report on Form 10‑K for the fiscal year ended March 31, 2019.

XML

INVESTMENTS IN OPERATING PARTNERSHIPS - Additional Information (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Series Twenty Nine [Member]
Investments In Operating Limited Partnerships
Write Off Of Capital Contribution Payable		$ 100
Series Thirty [Member]
Investments In Operating Limited Partnerships
Write Off Of Capital Contribution Payable		16,549
Series Thirty One [Member]
Investments In Operating Limited Partnerships
Write Off Of Capital Contribution Payable		$ 22,452
Series Forty [Member]
Investments In Operating Limited Partnerships
Write Off Of Capital Contribution Payable	$ 102

XML

INVESTMENTS IN OPERATING PARTNERSHIPS - Operating Partnerships within the Fund (Details) - item	Sep. 30, 2019	Sep. 30, 2018
Number Of Operating Partnerships
Number Of Operating Partnerships	112	150
Series Twenty [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships		1
Series Twenty Two [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships		3
Series Twenty Three [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships		3
Series Twenty Four [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	4	5
Series Twenty Six [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	8	8
Series Twenty Seven [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	2	3
Series Twenty Eight [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	3	4
Series Twenty Nine [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	5	5
Series Thirty [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships		2
Series Thirty One [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships		6
Series Thirty Two [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	5	5
Series Thirty Three [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	2	3
Series Thirty Four [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	3	4
Series Thirty Five [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	1	2
Series Thirty Six [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	1	2
Series Thirty Eight [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	1	3
Series Forty [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	5	8
Series Forty One [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	11	11
Series Forty Two [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	9	10
Series Forty Three [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	11	16
Series Forty Four [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	5	7
Series Forty Five [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	22	25
Series Forty Six [Member]
Number Of Operating Partnerships
Number Of Operating Partnerships	14	14

XML

ORGANIZATION (Tables)

6 Months Ended

Sep. 30, 2019

ORGANIZATION

Schedule of BACs sold and total equity

Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing:

Series	Closing Date	BACs Sold	Equity Raised
Series 20	June 24, 1994	3,866,700	$	38,667,000
Series 21	December 31, 1994	1,892,700	$	18,927,000
Series 22	December 28, 1994	2,564,400	$	25,644,000
Series 23	June 23, 1995	3,336,727	$	33,366,000
Series 24	September 22, 1995	2,169,878	$	21,697,000
Series 25	December 29, 1995	3,026,109	$	30,248,000
Series 26	June 25, 1996	3,995,900	$	39,959,000
Series 27	September 17, 1996	2,460,700	$	24,607,000
Series 28	January 29, 1997	4,000,738	$	39,999,000
Series 29	June 10, 1997	3,991,800	$	39,918,000
Series 30	September 10, 1997	2,651,000	$	26,490,750
Series 31	January 18, 1998	4,417,857	$	44,057,750
Series 32	June 23, 1998	4,754,198	$	47,431,000
Series 33	September 21, 1998	2,636,533	$	26,362,000
Series 34	February 11, 1999	3,529,319	$	35,273,000
Series 35	June 28, 1999	3,300,463	$	33,004,630
Series 36	September 28, 1999	2,106,838	$	21,068,375
Series 37	January 28, 2000	2,512,500	$	25,125,000
Series 38	July 31, 2000	2,543,100	$	25,431,000
Series 39	January 31, 2001	2,292,151	$	22,921,000
Series 40	July 31, 2001	2,630,256	$	26,269,256
Series 41	January 31, 2002	2,891,626	$	28,916,260
Series 42	July 31, 2002	2,744,262	$	27,442,620
Series 43	December 31, 2002	3,637,987	$	36,379,870
Series 44	April 30, 2003	2,701,973	$	27,019,730
Series 45	September 16, 2003	4,014,367	$	40,143,670
Series 46	December 19, 2003	2,980,998	$	29,809,980

XML

INVESTMENTS IN OPERATING PARTNERSHIPS

6 Months Ended

Sep. 30, 2019

INVESTMENTS IN OPERATING PARTNERSHIPS

INVESTMENTS IN OPERATING PARTNERSHIPS

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At September 30, 2019 and 2018, the Fund has limited partnership interests in 112 and 150 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at September 30, 2019 and 2018 are as follows:

	2019	2018
Series 20	-	1
Series 21	-	-
Series 22	-	3
Series 23	-	3
Series 24	4	5
Series 25	-	–
Series 26	8	8
Series 27	2	3
Series 28	3	4
Series 29	5	5
Series 30	-	2
Series 31	-	6
Series 32	5	5
Series 33	2	3
Series 34	3	4
Series 35	1	2
Series 36	1	2
Series 37	–	–
Series 38	1	3
Series 39	-	-
Series 40	5	8
Series 41	11	11
Series 42	9	10
Series 43	11	16
Series 44	5	7
Series 45	22	25
Series 46	14	14
	112	150

Under the terms of the Fund’s investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at September 30, 2019 and 2018, are as follows:

	2019		2018
Series 29	$	785	$	785
Series 30		-		48,627
Series 31		-		43,842
Series 32		1,229		1,229
Series 40		–		102
Series 42		254		254
Series 43		–		26,082
Series 45		16,724		16,724
	$	18,992	$	137,645

During the six months ended September 30, 2019 the Fund disposed of fifteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2019 is as follows:

	Operating	Sale of
	Partnership	Underlying	Fund Proceeds
	Interest	Operating	from		Gain on
	Transferred	Partnership	Disposition *		Disposition
Series 27	—	1	$	776,922	$	776,922
Series 28	1	—		7,100		7,100
Series 31	—	1		618,900		618,900
Series 33	—	1		1,442,632		1,442,632
Series 34	1	—		257,500		257,500
Series 35	1	—		141,000		141,000
Series 36	—	1		476,325		476,325
Series 38	1	1		1,463,974		1,463,974
Series 40	1	1		2,553,903		2,554,005
Series 43	1	1		1,255,582		1,255,582
Series 44	—	2		2,856,723		2,856,723
Total	6	9	$	11,850,561	$	11,850,663

*Fund proceeds from disposition does not include $102, which was due to a writeoff of capital contribution payable as of September 30, 2019, for Series 40.

During the six months ended September 30, 2018 the Fund disposed of nineteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2018 is as follows:

	Operating	Sale of
	Partnership	Underlying	Fund Proceeds
	Interest	Operating	from		Gain on
	Transferred	Partnership	Disposition *		Disposition
Series 20	1	-	$	155,337	$	155,337
Series 26	1	–		10,500		10,500
Series 28	1	–		8,500		8,500
Series 29	2	–		122,994		123,094
Series 30	3	–		25,006		41,555
Series 31	2	–		47,000		69,452
Series 32	–	1		487,880		487,880
Series 36	–	1		243,163		243,163
Series 37	–	1		1,020,649		1,020,649
Series 38	1	–		7,000		7,000
Series 40	1	–		44,500		44,500
Series 41	–	1		14,000		14,000
Series 42	1	–		42,500		42,500
Series 43	1	–		9,000		9,000
Series 45	1	–		342,500		342,500
Total	15	4	$	2,580,529	$	2,619,630

*Fund proceeds from disposition does not include $100, $16,549 and $22,452,  which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively.

The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund’s investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements.

The Fund’s fiscal year ends March 31st for each year, while all the Operating Partnerships’ fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership’s quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the six months ended June 30, 2019.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

	2019		2018
Revenues
Rental	$	17,098,171	$	22,343,323
Interest and other		414,231		663,683
		17,512,402		23,007,006
Expenses
Interest		2,779,787		3,644,356
Depreciation and amortization		4,213,607		5,775,862
Operating expenses		12,566,968		16,122,850
		19,560,362		25,543,068
NET LOSS	$	(2,047,960)	$	(2,536,062)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(2,027,484)	$	(2,510,699)
Net loss allocated to other  Partners	$	(20,476)	$	(25,363)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 20

	2019		2018
Revenues
Rental	$	–	$	139,480
Interest and other		–		9,921
		–		149,401
Expenses
Interest		–		11,732
Depreciation and amortization		–		28,416
Operating expenses		–		124,517
		–		164,665
NET LOSS	$	–	$	(15,264)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	(15,111)
Net loss allocated to other  Partners	$	–	$	(153)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 21

	2019		2018
Revenues
Rental	$	–	$	–
Interest and other		–		–
		–		–
Expenses
Interest		–		–
Depreciation and amortization		–		–
Operating expenses		–		–
		–		–
NET LOSS	$	–	$	–
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	–
Net loss allocated to other  Partners	$	–	$	–

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 22

	2019		2018
Revenues
Rental	$	-	$	255,007
Interest and other		–		6,424
		–		261,431
Expenses
Interest		–		21,753
Depreciation and amortization		–		54,539
Operating expenses		–		215,777
		–		292,069
NET LOSS	$	–	$	(30,638)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	(30,332)
Net loss allocated to other Partners	$	–	$	(306)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 23

	2019		2018
Revenues
Rental	$	-	$	204,371
Interest and other		–		8,421
		–		212,792
Expenses
Interest		–		14,889
Depreciation and amortization		–		45,095
Operating expenses		–		169,287
		–		229,271
NET LOSS	$	–	$	(16,479)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	(16,314)
Net loss allocated to other  Partners	$	–	$	(165)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 24

	2019		2018
Revenues
Rental	$	422,317	$	428,402
Interest and other		19,531		13,733
		441,848		442,135
Expenses
Interest		36,469		34,789
Depreciation and amortization		118,903		121,938
Operating expenses		354,705		342,441
		510,077		499,168
NET LOSS	$	(68,229)	$	(57,033)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(67,547)	$	(56,463)
Net loss allocated to other  Partners	$	(682)	$	(570)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 25

	2019		2018
Revenues
Rental	$	–	$	–
Interest and other		–		–
		–		–
Expenses
Interest		–		–
Depreciation and amortization		–		–
Operating expenses		–		–
		–		–
NET LOSS	$	–	$	–
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	–
Net loss allocated to other  Partners	$	–	$	–

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 26

	2019		2018
Revenues
Rental	$	605,212	$	637,353
Interest and other		9,506		7,655
		614,718		645,008
Expenses
Interest		106,883		111,673
Depreciation and amortization		157,288		155,406
Operating expenses		569,196		536,826
		833,367		803,905
NET LOSS	$	(218,649)	$	(158,897)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(216,463)	$	(157,308)
Net loss allocated to other  Partners	$	(2,186)	$	(1,589)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 27

	2019		2018
Revenues
Rental	$	211,201	$	330,303
Interest and other		125		6,495
		211,326		336,798
Expenses
Interest		6,529		16,620
Depreciation and amortization		67,956		88,925
Operating expenses		210,794		275,358
		285,279		380,903
NET LOSS	$	(73,953)	$	(44,105)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(73,213)	$	(43,664)
Net loss allocated to other  Partners	$	(740)	$	(441)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 28

	2019		2018
Revenues
Rental	$	263,303	$	411,179
Interest and other		8,837		22,570
		272,140		433,749
Expenses
Interest		64,522		66,567
Depreciation and amortization		69,046		91,762
Operating expenses		209,346		340,875
		342,914		499,204
NET LOSS	$	(70,774)	$	(65,455)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(70,068)	$	(64,800)
Net loss allocated to other  Partners	$	(706)	$	(655)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 29

	2019		2018
Revenues
Rental	$	464,228	$	543,919
Interest and other		43,983		21,495
		508,211		565,414
Expenses
Interest		79,653		106,247
Depreciation and amortization		92,325		114,458
Operating expenses		421,661		459,302
		593,639		680,007
NET LOSS	$	(85,428)	$	(114,593)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(84,574)	$	(113,447)
Net loss allocated to other  Partners	$	(854)	$	(1,146)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 30

	2019		2018
Revenues
Rental	$	—	$	322,299
Interest and other		—		7,537
		—		329,836
Expenses
Interest		—		34,088
Depreciation and amortization		—		76,907
Operating expenses		—		261,993
		—		372,988
NET LOSS	$	—	$	(43,152)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	(42,720)
Net loss allocated to other  Partners	$	—	$	(432)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 31

	2019		2018
Revenues
Rental	$	—	$	563,108
Interest and other		—		21,066
		—		584,174
Expenses
Interest		—		41,564
Depreciation and amortization		—		209,468
Operating expenses		—		563,223
		—		814,255
NET LOSS	$	—	$	(230,081)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	(227,780)
Net loss allocated to other  Partners	$	—	$	(2,301)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 32

	2019		2018
Revenues
Rental	$	761,862	$	770,495
Interest and other		13,701		11,472
		775,563		781,967
Expenses
Interest		125,371		128,444
Depreciation and amortization		219,045		219,165
Operating expenses		613,804		641,294
		958,220		988,903
NET LOSS	$	(182,657)	$	(206,936)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(180,830)	$	(204,867)
Net loss allocated to other  Partners	$	(1,827)	$	(2,069)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 33

	2019		2018
Revenues
Rental	$	416,301	$	632,934
Interest and other		13,138		23,019
		429,439		655,953
Expenses
Interest		79,953		101,675
Depreciation and amortization		100,726		139,535
Operating expenses		307,186		465,670
		487,865		706,880
NET LOSS	$	(58,426)	$	(50,927)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(57,842)	$	(50,418)
Net loss allocated to other  Partners	$	(584)	$	(509)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 34

	2019		2018
Revenues
Rental	$	408,120	$	495,011
Interest and other		15,105		25,201
		423,225		520,212
Expenses
Interest		54,704		57,916
Depreciation and amortization		106,772		137,095
Operating expenses		362,170		370,981
		523,646		565,992
NET LOSS	$	(100,421)	$	(45,780)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(99,417)	$	(45,322)
Net loss allocated to other  Partners	$	(1,004)	$	(458)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 35

	2019		2018
Revenues
Rental	$	404,488	$	504,934
Interest and other		2,157		28,304
		406,645		533,238
Expenses
Interest		58,450		83,244
Depreciation and amortization		131,653		161,156
Operating expenses		218,081		303,777
		408,184		548,177
NET LOSS	$	(1,539)	$	(14,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(1,524)	$	(14,790)
Net loss allocated to other  Partners	$	(15)	$	(149)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 36

	2019		2018
Revenues
Rental	$	88,773	$	284,874
Interest and other		810		5,290
		89,583		290,164
Expenses
Interest		21,196		52,992
Depreciation and amortization		27,363		70,217
Operating expenses		85,948		208,729
		134,507		331,938
NET LOSS	$	(44,924)	$	(41,774)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(44,475)	$	(41,356)
Net loss allocated to other  Partners	$	(449)	$	(418)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 37

	2019		2018
Revenues
Rental	$	—	$	–
Interest and other		—		–
		—		–
Expenses
Interest		—		–
Depreciation and amortization		—		–
Operating expenses		—		–
		—		–
NET LOSS	$	—	$	–
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	–
Net loss allocated to other  Partners	$	—	$	–

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 38

	2019		2018
Revenues
Rental	$	115,212	$	810,726
Interest and other		887		16,373
		116,099		827,099
Expenses
Interest		13,168		111,239
Depreciation and amortization		27,635		155,514
Operating expenses		99,031		564,808
		139,834		831,561
NET LOSS	$	(23,735)	$	(4,462)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(23,498)	$	(4,417)
Net loss allocated to other  Partners	$	(237)	$	(45)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 39

	2019		2018
Revenues
Rental	$	—	$	—
Interest and other		—		—
		—		—
Expenses
Interest		—		—
Depreciation and amortization		—		—
Operating expenses		—		—
		—		—
NET LOSS	$	—	$	—
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	—
Net loss allocated to other  Partners	$	—	$	—

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 40

	2019		2018
Revenues
Rental	$	486,308	$	1,017,456
Interest and other		9,251		26,894
		495,559		1,044,350
Expenses
Interest		80,247		189,214
Depreciation and amortization		122,649		276,150
Operating expenses		362,884		794,063
		565,780		1,259,427
NET LOSS	$	(70,221)	$	(215,077)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(69,519)	$	(212,926)
Net loss allocated to other  Partners	$	(702)	$	(2,151)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 41

	2019		2018
Revenues
Rental	$	1,780,047	$	1,815,549
Interest and other		31,950		29,661
		1,811,997		1,845,210
Expenses
Interest		283,344		340,027
Depreciation and amortization		368,462		384,753
Operating expenses		1,294,393		1,223,663
		1,946,199		1,948,443
NET LOSS	$	(134,202)	$	(103,233)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(132,860)	$	(102,201)
Net loss allocated to other  Partners	$	(1,342)	$	(1,032)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 42

	2019		2018
Revenues
Rental	$	1,131,169	$	1,196,029
Interest and other		42,952		47,542
		1,174,121		1,243,571
Expenses
Interest		217,395		242,115
Depreciation and amortization		323,583		362,541
Operating expenses		851,969		876,593
		1,392,947		1,481,249
NET LOSS	$	(218,826)	$	(237,678)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(216,638)	$	(235,301)
Net loss allocated to other  Partners	$	(2,188)	$	(2,377)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 43

	2019		2018
Revenues
Rental	$	1,312,145	$	2,093,498
Interest and other		36,262		90,363
		1,348,407		2,183,861
Expenses
Interest		113,547		256,666
Depreciation and amortization		372,693		695,187
Operating expenses		1,068,124		1,576,475
		1,554,364		2,528,328
NET LOSS	$	(205,957)	$	(344,467)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(203,897)	$	(341,022)
Net loss allocated to other  Partners	$	(2,060)	$	(3,445)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 44

	2019		2018
Revenues
Rental	$	2,449,364	$	2,981,014
Interest and other		51,200		81,854
		2,500,564		3,062,868
Expenses
Interest		553,571		695,577
Depreciation and amortization		513,484		676,174
Operating expenses		1,447,637		1,711,083
		2,514,692		3,082,834
NET LOSS	$	(14,128)	$	(19,966)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(13,987)	$	(19,766)
Net loss allocated to other Partners	$	(141)	$	(200)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 45

	2019		2018
Revenues
Rental	$	3,290,532	$	3,545,117
Interest and other		76,870		80,792
		3,367,402		3,625,909
Expenses
Interest		404,349		455,418
Depreciation and amortization		826,542		944,459
Operating expenses		2,560,676		2,613,391
		3,791,567		4,013,268
NET LOSS	$	(424,165)	$	(387,359)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(419,923)	$	(383,485)
Net loss allocated to other  Partners	$	(4,242)	$	(3,874)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 46

	2019		2018
Revenues
Rental	$	2,487,589	$	2,360,265
Interest and other		37,966		71,601
		2,525,555		2,431,866
Expenses
Interest		480,436		469,907
Depreciation and amortization		567,482		567,002
Operating expenses		1,529,363		1,482,724
		2,577,281		2,519,633
NET LOSS	$	(51,726)	$	(87,767)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(51,209)	$	(86,889)
Net loss allocated to other  Partners	$	(517)	$	(878)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

XML

ORGANIZATION - Additional Information (Details)	1 Months Ended
	Oct. 31, 2002 item	Oct. 31, 2001 item	Oct. 31, 2000 item	Oct. 31, 1999 item	Nov. 30, 1998 item	Jul. 31, 1997 item	Jul. 31, 1995 item	Mar. 31, 1993
ORGANIZATION
Limited Partners Capital Account Per Units								10
Units of limited partnership interest, authorized								30,000,000
Limited Partners Capital Account Additional Units Registered For Sale	7,000,000	7,000,000	7,000,000	7,500,000	8,000,000	25,000,000	10,000,000

XML

RELATED PARTY TRANSACTIONS - Fund management fees accrued (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Related Party Transaction [Line Items]
Gross Fund Management Fee	$ 368,371	$ 478,473
Series Twenty [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee		2,549
Series Twenty Two [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee		6,426
Series Twenty Three [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee		5,556
Series Twenty Four [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	10,299	10,761
Series Twenty Six [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	13,938	13,938
Series Twenty Seven [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	7,635	7,635
Series Twenty Eight [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	7,296	7,296
Series Twenty Nine [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	7,260	7,261
Series Thirty [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee		7,462
Series Thirty One [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee		16,535
Series Thirty Two [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	19,794	19,794
Series Thirty Three [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	13,316	13,318
Series Thirty Four [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	11,496	12,366
Series Thirty Five [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	9,847	10,653
Series Thirty Six [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	2,739	5,990
Series Thirty Seven [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee		3,396
Series Thirty Eight [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	2,742	16,581
Series Forty [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	19,612	26,594
Series Forty One [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	34,077	34,076
Series Forty Two [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	23,790	27,505
Series Forty Three [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	24,400	45,091
Series Forty Four [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	48,187	57,826
Series Forty Five [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	59,644	67,565
Series Forty Six [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	$ 52,299	$ 52,299

XML

RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Sep. 30, 2019

RELATED PARTY TRANSACTIONS

Schedule of fund management fees accrued

The fund management fees accrued for the quarters ended September 30, 2019 and 2018, are as follows:

	2019		2018
Series 20	$	–	$	2,549
Series 21		–		–
Series 22		–		6,426
Series 23		–		5,556
Series 24		10,299		10,761
Series 25		–		–
Series 26		13,938		13,938
Series 27		7,635		7,635
Series 28		7,296		7,296
Series 29		7,260		7,261
Series 30		–		7,462
Series 31		–		16,535
Series 32		19,794		19,794
Series 33		13,316		13,318
Series 34		11,496		12,366
Series 35		9,847		10,653
Series 36		2,739		5,990
Series 37		–		3,396
Series 38		2,742		16,581
Series 39		–		–
Series 40		19,612		26,594
Series 41		34,077		34,076
Series 42		23,790		27,505
Series 43		24,400		45,091
Series 44		48,187		57,826
Series 45		59,644		67,565
Series 46		52,299		52,299
	$	368,371	$	478,473

Schedule of management fees paid

The fund management fees paid for the six months ended September 30, 2019 and 2018 are as follows:

	2019		2018
Series 20	$	–	$	193,337
Series 22		–		25,000
Series 23		–		250,000
Series 24		20,598		21,522
Series 26		27,876		29,547
Series 27		15,270		15,270
Series 28		14,592		16,140
Series 29		–		519,601
Series 30		–		185,027
Series 31		4,308		35,627
Series 32		51,208		787,880
Series 33		1,125,921		206,940
Series 34		–		150,000
Series 35		20,500		21,306
Series 36		7,911		13,616
Series 37		–		526,729
Series 38		19,323		53,049
Series 40		1,188,699		225,000
Series 41		–		520,930
Series 42		47,580		56,839
Series 43		223,770		566,306
Series 45		116,000		242,500
Series 46		–		180,000
	$	2,883,556	$	4,842,166

XML

TAXABLE LOSS

6 Months Ended

Sep. 30, 2019

TAXABLE LOSS

TAXABLE LOSS

NOTE E - TAXABLE LOSS

The Fund’s taxable loss is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods.

XML

RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2019

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE C - RELATED PARTY TRANSACTIONS

The Fund has entered into several transactions with various affiliates of the general partner of the Fund, including Boston Capital Holdings Limited Partnership, Boston Capital Securities, Inc., and Boston Capital Asset Management Limited Partnership as follows:

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended September 30, 2019 and 2018, are as follows:

	2019		2018
Series 20	$	–	$	2,549
Series 21		–		–
Series 22		–		6,426
Series 23		–		5,556
Series 24		10,299		10,761
Series 25		–		–
Series 26		13,938		13,938
Series 27		7,635		7,635
Series 28		7,296		7,296
Series 29		7,260		7,261
Series 30		–		7,462
Series 31		–		16,535
Series 32		19,794		19,794
Series 33		13,316		13,318
Series 34		11,496		12,366
Series 35		9,847		10,653
Series 36		2,739		5,990
Series 37		–		3,396
Series 38		2,742		16,581
Series 39		–		–
Series 40		19,612		26,594
Series 41		34,077		34,076
Series 42		23,790		27,505
Series 43		24,400		45,091
Series 44		48,187		57,826
Series 45		59,644		67,565
Series 46		52,299		52,299
	$	368,371	$	478,473

The fund management fees paid for the six months ended September 30, 2019 and 2018 are as follows:

	2019		2018
Series 20	$	–	$	193,337
Series 22		–		25,000
Series 23		–		250,000
Series 24		20,598		21,522
Series 26		27,876		29,547
Series 27		15,270		15,270
Series 28		14,592		16,140
Series 29		–		519,601
Series 30		–		185,027
Series 31		4,308		35,627
Series 32		51,208		787,880
Series 33		1,125,921		206,940
Series 34		–		150,000
Series 35		20,500		21,306
Series 36		7,911		13,616
Series 37		–		526,729
Series 38		19,323		53,049
Series 40		1,188,699		225,000
Series 41		–		520,930
Series 42		47,580		56,839
Series 43		223,770		566,306
Series 45		116,000		242,500
Series 46		–		180,000
	$	2,883,556	$	4,842,166

XML

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - USD ($)	Series Twenty [Member] Assignees [Member]	Series Twenty [Member] General Partner [Member]	Series Twenty [Member]	Series Twenty One [Member] Assignees [Member]	Series Twenty One [Member] General Partner [Member]	Series Twenty One [Member]	Series Twenty Two [Member] Assignees [Member]	Series Twenty Two [Member] General Partner [Member]	Series Twenty Two [Member]	Series Twenty Three [Member] Assignees [Member]	Series Twenty Three [Member] General Partner [Member]	Series Twenty Three [Member]	Series Twenty Four [Member] Assignees [Member]	Series Twenty Four [Member] General Partner [Member]	Series Twenty Four [Member]	Series Twenty Five [Member] Assignees [Member]	Series Twenty Five [Member] General Partner [Member]	Series Twenty Five [Member]	Series Twenty Six [Member] Assignees [Member]	Series Twenty Six [Member] General Partner [Member]	Series Twenty Six [Member]	Series Twenty Seven [Member] Assignees [Member]	Series Twenty Seven [Member] General Partner [Member]	Series Twenty Seven [Member]	Series Twenty Eight [Member] Assignees [Member]	Series Twenty Eight [Member] General Partner [Member]	Series Twenty Eight [Member]	Series Twenty Nine [Member] Assignees [Member]	Series Twenty Nine [Member] General Partner [Member]	Series Twenty Nine [Member]	Series Thirty [Member] Assignees [Member]	Series Thirty [Member] General Partner [Member]	Series Thirty [Member]	Series Thirty One [Member] Assignees [Member]	Series Thirty One [Member] General Partner [Member]	Series Thirty One [Member]	Series Thirty Two [Member] Assignees [Member]	Series Thirty Two [Member] General Partner [Member]	Series Thirty Two [Member]	Series Thirty Three [Member] Assignees [Member]	Series Thirty Three [Member] General Partner [Member]	Series Thirty Three [Member]	Series Thirty Four [Member] Assignees [Member]	Series Thirty Four [Member] General Partner [Member]	Series Thirty Four [Member]	Series Thirty Five [Member] Assignees [Member]	Series Thirty Five [Member] General Partner [Member]	Series Thirty Five [Member]	Series Thirty Six [Member] Assignees [Member]	Series Thirty Six [Member] General Partner [Member]	Series Thirty Six [Member]	Series Thirty Seven [Member] Assignees [Member]	Series Thirty Seven [Member] General Partner [Member]	Series Thirty Seven [Member]	Series Thirty Eight [Member] Assignees [Member]	Series Thirty Eight [Member] General Partner [Member]	Series Thirty Eight [Member]	Series Thirty Nine [Member] Assignees [Member]	Series Thirty Nine [Member] General Partner [Member]	Series Thirty Nine [Member]	Series Forty [Member] Assignees [Member]	Series Forty [Member] General Partner [Member]	Series Forty [Member]	Series Forty One [Member] Assignees [Member]	Series Forty One [Member] General Partner [Member]	Series Forty One [Member]	Series Forty Two [Member] Assignees [Member]	Series Forty Two [Member] General Partner [Member]	Series Forty Two [Member]	Series Forty Three [Member] Assignees [Member]	Series Forty Three [Member] General Partner [Member]	Series Forty Three [Member]	Series Forty Four [Member] Assignees [Member]	Series Forty Four [Member] General Partner [Member]	Series Forty Four [Member]	Series Forty Five [Member] Assignees [Member]	Series Forty Five [Member] General Partner [Member]	Series Forty Five [Member]	Series Forty Six [Member] Assignees [Member]	Series Forty Six [Member] General Partner [Member]	Series Forty Six [Member]	Assignees [Member]	General Partner [Member]	Total
Partners' capital (deficit), Beginning balance at Mar. 31, 2018	$ (882,456)	$ (320,280)	$ (1,202,736)	$ (898,231)	$ 898,231	$ 0	$ (2,410,599)	$ (245,646)	$ (2,656,245)	$ (197,532)	$ (289,719)	$ (487,251)	$ 623,279	$ (174,767)	$ 448,512	$ 219,815	$ (219,815)	$ 0	$ 954,178	$ (311,920)	$ 642,258	$ 6,938,381	$ (138,448)	$ 6,799,933	$ 1,016,975	$ (274,411)	$ 742,564	$ (2,570,004)	$ (368,028)	$ (2,938,032)	$ (996,782)	$ (239,418)	$ (1,236,200)	$ 2,290,341	$ (359,955)	$ 1,930,386	$ 47,520	$ (409,988)	$ (362,468)	$ (567,133)	$ (233,789)	$ (800,922)	$ (2,120,686)	$ (324,845)	$ (2,445,531)	$ 4,666,048	$ (237,742)	$ 4,428,306	$ 2,133,963	$ (158,913)	$ 1,975,050	$ 220,255	$ (215,517)	$ 4,738	$ 1,677,456	$ (203,545)	$ 1,473,911	$ 196,043	$ (196,043)	$ 0	$ (1,737,068)	$ (244,762)	$ (1,981,830)	$ (1,881,761)	$ (270,693)	$ (2,152,454)	$ 1,565,620	$ (227,557)	$ 1,338,063	$ 235,085	$ (322,394)	$ (87,309)	$ (2,481,212)	$ (264,909)	$ (2,746,121)	$ (1,985,417)	$ (377,289)	$ (2,362,706)	$ (1,125,043)	$ (276,760)	$ (1,401,803)	$ 2,931,035	$ (6,008,922)	$ (3,077,887)
Net income (loss)	138,171	1,396	139,567	0	0	0	(18,057)	(182)	(18,239)	(13,687)	(138)	(13,825)	(25,075)	(253)	(25,328)	0	0	0	(24,985)	(252)	(25,237)	(10,254)	(104)	(10,358)	(11,444)	(116)	(11,560)	91,050	920	91,970	4,036	41	4,077	(24,525)	(248)	(24,773)	444,869	4,494	449,363	(27,148)	(274)	(27,422)	(25,105)	(254)	(25,359)	(16,404)	(166)	(16,570)	(43,091)	(435)	(43,526)	7,482	76	7,558	7,042	71	7,113	0	0	0	(41,322)	(417)	(41,739)	7,554	76	7,630	(31,148)	(315)	(31,463)	7,247	73	7,320	(59,260)	(599)	(59,859)	275,855	2,786	278,641	(54,895)	(554)	(55,449)	556,906	5,626	562,532
Partners' capital (deficit), Ending balance at Jun. 30, 2018	(744,285)	(318,884)	(1,063,169)	(898,231)	898,231	0	(2,428,656)	(245,828)	(2,674,484)	(211,219)	(289,857)	(501,076)	598,204	(175,020)	423,184	219,815	(219,815)	0	929,193	(312,172)	617,021	6,928,127	(138,552)	6,789,575	1,005,531	(274,527)	731,004	(2,478,954)	(367,108)	(2,846,062)	(992,746)	(239,377)	(1,232,123)	2,265,816	(360,203)	1,905,613	492,389	(405,494)	86,895	(594,281)	(234,063)	(828,344)	(2,145,791)	(325,099)	(2,470,890)	4,649,644	(237,908)	4,411,736	2,090,872	(159,348)	1,931,524	227,737	(215,441)	12,296	1,684,498	(203,474)	1,481,024	196,043	(196,043)	0	(1,778,390)	(245,179)	(2,023,569)	(1,874,207)	(270,617)	(2,144,824)	1,534,472	(227,872)	1,306,600	242,332	(322,321)	(79,989)	(2,540,472)	(265,508)	(2,805,980)	(1,709,562)	(374,503)	(2,084,065)	(1,179,938)	(277,314)	(1,457,252)	3,487,941	(6,003,296)	(2,515,355)
Partners' capital (deficit), Beginning balance at Mar. 31, 2018	(882,456)	(320,280)	(1,202,736)	(898,231)	898,231	0	(2,410,599)	(245,646)	(2,656,245)	(197,532)	(289,719)	(487,251)	623,279	(174,767)	448,512	219,815	(219,815)	0	954,178	(311,920)	642,258	6,938,381	(138,448)	6,799,933	1,016,975	(274,411)	742,564	(2,570,004)	(368,028)	(2,938,032)	(996,782)	(239,418)	(1,236,200)	2,290,341	(359,955)	1,930,386	47,520	(409,988)	(362,468)	(567,133)	(233,789)	(800,922)	(2,120,686)	(324,845)	(2,445,531)	4,666,048	(237,742)	4,428,306	2,133,963	(158,913)	1,975,050	220,255	(215,517)	4,738	1,677,456	(203,545)	1,473,911	196,043	(196,043)	0	(1,737,068)	(244,762)	(1,981,830)	(1,881,761)	(270,693)	(2,152,454)	1,565,620	(227,557)	1,338,063	235,085	(322,394)	(87,309)	(2,481,212)	(264,909)	(2,746,121)	(1,985,417)	(377,289)	(2,362,706)	(1,125,043)	(276,760)	(1,401,803)	2,931,035	(6,008,922)	(3,077,887)
Net income (loss)			128,707			0			(32,092)			(25,440)			(41,674)			0			(47,551)			(9,396)			(26,522)			76,582			6,824			16,103			420,871			(40,690)			(39,631)			(20,322)			182,394			1,014,258			8,500			0			(24,459)			(38,575)			(8,464)			(45,306)			(100,237)			225,230			(87,459)			1,491,651
Partners' capital (deficit), Ending balance at Sep. 30, 2018	(755,036)	(318,993)	(1,074,029)	(898,231)	898,231	0	(2,442,370)	(245,967)	(2,688,337)	(222,718)	(289,973)	(512,691)	582,022	(175,184)	406,838	219,815	(219,815)	0	907,103	(312,396)	594,707	6,621,226	(141,652)	6,479,574	990,718	(274,676)	716,042	(2,494,188)	(367,262)	(2,861,450)	(990,026)	(239,350)	(1,229,376)	2,306,283	(359,794)	1,946,489	464,182	(405,779)	58,403	(607,416)	(234,196)	(841,612)	(2,159,921)	(325,241)	(2,485,162)	4,645,929	(237,945)	4,407,984	2,314,533	(157,089)	2,157,444	1,224,370	(205,374)	1,018,996	1,685,871	(203,460)	1,482,411	196,043	(196,043)	0	(1,761,282)	(245,007)	(2,006,289)	(1,919,950)	(271,079)	(2,191,029)	1,557,241	(227,642)	1,329,599	190,232	(322,847)	(132,615)	(2,580,447)	(265,911)	(2,846,358)	(1,762,439)	(375,037)	(2,137,476)	(1,211,627)	(277,635)	(1,489,262)	4,099,917	(5,997,116)	(1,897,199)
Partners' capital (deficit), Beginning balance at Jun. 30, 2018	(744,285)	(318,884)	(1,063,169)	(898,231)	898,231	0	(2,428,656)	(245,828)	(2,674,484)	(211,219)	(289,857)	(501,076)	598,204	(175,020)	423,184	219,815	(219,815)	0	929,193	(312,172)	617,021	6,928,127	(138,552)	6,789,575	1,005,531	(274,527)	731,004	(2,478,954)	(367,108)	(2,846,062)	(992,746)	(239,377)	(1,232,123)	2,265,816	(360,203)	1,905,613	492,389	(405,494)	86,895	(594,281)	(234,063)	(828,344)	(2,145,791)	(325,099)	(2,470,890)	4,649,644	(237,908)	4,411,736	2,090,872	(159,348)	1,931,524	227,737	(215,441)	12,296	1,684,498	(203,474)	1,481,024	196,043	(196,043)	0	(1,778,390)	(245,179)	(2,023,569)	(1,874,207)	(270,617)	(2,144,824)	1,534,472	(227,872)	1,306,600	242,332	(322,321)	(79,989)	(2,540,472)	(265,508)	(2,805,980)	(1,709,562)	(374,503)	(2,084,065)	(1,179,938)	(277,314)	(1,457,252)	3,487,941	(6,003,296)	(2,515,355)
Distributions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(307,853)	(3,110)	(310,963)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(307,853)	(3,110)	(310,963)
Net income (loss)	(10,751)	(109)	(10,860)	0	0	0	(13,714)	(139)	(13,853)	(11,499)	(116)	(11,615)	(16,182)	(164)	(16,346)	0	0	0	(22,090)	(224)	(22,314)	952	10	962	(14,813)	(149)	(14,962)	(15,234)	(154)	(15,388)	2,720	27	2,747	40,467	409	40,876	(28,207)	(285)	(28,492)	(13,135)	(133)	(13,268)	(14,130)	(142)	(14,272)	(3,715)	(37)	(3,752)	223,661	2,259	225,920	996,633	10,067	1,006,700	1,373	14	1,387	0	0	0	17,108	172	17,280	(45,743)	(462)	(46,205)	22,769	230	22,999	(52,100)	(526)	(52,626)	(39,975)	(403)	(40,378)	(52,877)	(534)	(53,411)	(31,689)	(321)	(32,010)	919,829	9,290	929,119
Partners' capital (deficit), Ending balance at Sep. 30, 2018	(755,036)	(318,993)	(1,074,029)	(898,231)	898,231	0	(2,442,370)	(245,967)	(2,688,337)	(222,718)	(289,973)	(512,691)	582,022	(175,184)	406,838	219,815	(219,815)	0	907,103	(312,396)	594,707	6,621,226	(141,652)	6,479,574	990,718	(274,676)	716,042	(2,494,188)	(367,262)	(2,861,450)	(990,026)	(239,350)	(1,229,376)	2,306,283	(359,794)	1,946,489	464,182	(405,779)	58,403	(607,416)	(234,196)	(841,612)	(2,159,921)	(325,241)	(2,485,162)	4,645,929	(237,945)	4,407,984	2,314,533	(157,089)	2,157,444	1,224,370	(205,374)	1,018,996	1,685,871	(203,460)	1,482,411	196,043	(196,043)	0	(1,761,282)	(245,007)	(2,006,289)	(1,919,950)	(271,079)	(2,191,029)	1,557,241	(227,642)	1,329,599	190,232	(322,847)	(132,615)	(2,580,447)	(265,911)	(2,846,358)	(1,762,439)	(375,037)	(2,137,476)	(1,211,627)	(277,635)	(1,489,262)	4,099,917	(5,997,116)	(1,897,199)
Partners' capital (deficit), Beginning balance at Mar. 31, 2019	(754,767)	754,767	0	(898,231)	898,231	0	(2,448,362)	2,448,362	0	(224,264)	224,264	0	577,250	(175,232)	402,018	219,815	(219,815)	0	867,237	(312,798)	554,439	6,641,679	(141,445)	6,500,234	965,536	(274,931)	690,605	(2,513,222)	(367,454)	(2,880,676)	(883,119)	883,119	0	2,313,293	(359,723)	1,953,570	458,311	(405,839)	52,472	(628,268)	(234,407)	(862,675)	(2,186,040)	(325,505)	(2,511,545)	4,633,841	(238,067)	4,395,774	2,670,150	(153,497)	2,516,653	205,359	(205,359)	0	1,702,399	(203,293)	1,499,106	196,043	(196,043)	0	(1,795,123)	(245,348)	(2,040,471)	(1,995,553)	(271,842)	(2,267,395)	1,539,351	(227,822)	1,311,529	565,339	(319,058)	246,281	(2,696,719)	(267,086)	(2,963,805)	(1,577,434)	(373,168)	(1,950,602)	(1,297,719)	(278,504)	(1,576,223)	3,656,782	(587,493)	3,069,289
Net income (loss)	0	0	0	0	0	0	0	0	0	0	0	0	(10,805)	(109)	(10,914)	0	0	0	(18,671)	(189)	(18,860)	9,459	96	9,555	(10,566)	(107)	(10,673)	(12,894)	(130)	(13,024)	0	0	0	637,611	6,441	644,052	(13,632)	(138)	(13,770)	(1,411)	(14)	(1,425)	(14,495)	(146)	(14,641)	2,654	27	2,681	470,864	4,756	475,620	0	0	0	1,430,812	14,453	1,445,265	0	0	0	(17,925)	(181)	(18,106)	20,414	206	20,620	(17,964)	(181)	(18,145)	1,021,105	10,314	1,031,419	1,231,769	12,442	1,244,211	(30,476)	(308)	(30,784)	(22,553)	(228)	(22,781)	4,653,296	47,004	4,700,300
Partners' capital (deficit), Ending balance at Jun. 30, 2019	(754,767)	754,767	0	(898,231)	898,231	0	(2,448,362)	2,448,362	0	(224,264)	224,264	0	566,445	(175,341)	391,104	219,815	(219,815)	0	848,566	(312,987)	535,579	6,651,138	(141,349)	6,509,789	954,970	(275,038)	679,932	(2,526,116)	(367,584)	(2,893,700)	(883,119)	883,119	0	2,950,904	(353,282)	2,597,622	444,679	(405,977)	38,702	(629,679)	(234,421)	(864,100)	(2,200,535)	(325,651)	(2,526,186)	4,636,495	(238,040)	4,398,455	3,141,014	(148,741)	2,992,273	205,359	(205,359)	0	3,133,211	(188,840)	2,944,371	196,043	(196,043)	0	(1,813,048)	(245,529)	(2,058,577)	(1,975,139)	(271,636)	(2,246,775)	1,521,387	(228,003)	1,293,384	1,586,444	(308,744)	1,277,700	(1,464,950)	(254,644)	(1,719,594)	(1,607,910)	(373,476)	(1,981,386)	(1,320,272)	(278,732)	(1,599,004)	8,310,078	(540,489)	7,769,589
Partners' capital (deficit), Beginning balance at Mar. 31, 2019	(754,767)	754,767	0	(898,231)	898,231	0	(2,448,362)	2,448,362	0	(224,264)	224,264	0	577,250	(175,232)	402,018	219,815	(219,815)	0	867,237	(312,798)	554,439	6,641,679	(141,445)	6,500,234	965,536	(274,931)	690,605	(2,513,222)	(367,454)	(2,880,676)	(883,119)	883,119	0	2,313,293	(359,723)	1,953,570	458,311	(405,839)	52,472	(628,268)	(234,407)	(862,675)	(2,186,040)	(325,505)	(2,511,545)	4,633,841	(238,067)	4,395,774	2,670,150	(153,497)	2,516,653	205,359	(205,359)	0	1,702,399	(203,293)	1,499,106	196,043	(196,043)	0	(1,795,123)	(245,348)	(2,040,471)	(1,995,553)	(271,842)	(2,267,395)	1,539,351	(227,822)	1,311,529	565,339	(319,058)	246,281	(2,696,719)	(267,086)	(2,963,805)	(1,577,434)	(373,168)	(1,950,602)	(1,297,719)	(278,504)	(1,576,223)	3,656,782	(587,493)	3,069,289
Net income (loss)			0			0			0			0			(39,827)			0			(56,168)			800,839			(30,463)			(42,141)			0			654,911			(51,389)			1,423,100			216,071			132,796			465,273			0			1,442,036			0			2,500,441			(33,697)			(58,859)			1,186,830			2,763,147			(117,120)			(74,867)			11,080,913
Partners' capital (deficit), Ending balance at Sep. 30, 2019	(754,767)	754,767	0	(898,231)	898,231	0	(2,448,362)	2,448,362	0	(224,264)	224,264	0	537,821	(175,630)	362,191	219,815	(219,815)	0	811,631	(313,360)	498,271	7,434,510	(133,437)	7,301,073	935,378	(275,236)	660,142	(2,554,942)	(367,875)	(2,922,817)	(883,119)	883,119	0	2,961,655	(353,174)	2,608,481	407,436	(406,353)	1,083	780,601	(220,176)	560,425	(1,972,130)	(323,344)	(2,295,474)	4,765,309	(236,739)	4,528,570	3,130,770	(148,844)	2,981,926	205,359	(205,359)	0	3,130,015	(188,873)	2,941,142	196,043	(196,043)	0	680,314	(220,344)	459,970	(2,028,913)	(272,179)	(2,301,092)	1,481,081	(228,411)	1,252,670	1,740,301	(307,190)	1,433,111	38,797	(239,455)	(200,658)	(1,693,383)	(374,339)	(2,067,722)	(1,371,837)	(279,253)	(1,651,090)	14,626,888	(476,686)	14,150,202
Partners' capital (deficit), Beginning balance at Jun. 30, 2019	(754,767)	754,767	0	(898,231)	898,231	0	(2,448,362)	2,448,362	0	(224,264)	224,264	0	566,445	(175,341)	391,104	219,815	(219,815)	0	848,566	(312,987)	535,579	6,651,138	(141,349)	6,509,789	954,970	(275,038)	679,932	(2,526,116)	(367,584)	(2,893,700)	(883,119)	883,119	0	2,950,904	(353,282)	2,597,622	444,679	(405,977)	38,702	(629,679)	(234,421)	(864,100)	(2,200,535)	(325,651)	(2,526,186)	4,636,495	(238,040)	4,398,455	3,141,014	(148,741)	2,992,273	205,359	(205,359)	0	3,133,211	(188,840)	2,944,371	196,043	(196,043)	0	(1,813,048)	(245,529)	(2,058,577)	(1,975,139)	(271,636)	(2,246,775)	1,521,387	(228,003)	1,293,384	1,586,444	(308,744)	1,277,700	(1,464,950)	(254,644)	(1,719,594)	(1,607,910)	(373,476)	(1,981,386)	(1,320,272)	(278,732)	(1,599,004)	8,310,078	(540,489)	7,769,589
Net income (loss)	0	0	0	0	0	0	0	0	0	0	0	0	(28,624)	(289)	(28,913)	0	0	0	(36,935)	(373)	(37,308)	783,372	7,912	791,284	(19,592)	(198)	(19,790)	(28,826)	(291)	(29,117)	0	0	0	10,751	108	10,859	(37,243)	(376)	(37,619)	1,410,280	14,245	1,424,525	228,405	2,307	230,712	128,814	1,301	130,115	(10,244)	(103)	(10,347)	0	0	0	(3,196)	(33)	(3,229)	0	0	0	2,493,362	25,185	2,518,547	(53,774)	(543)	(54,317)	(40,306)	(408)	(40,714)	153,857	1,554	155,411	1,503,747	15,189	1,518,936	(85,473)	(863)	(86,336)	(51,565)	(521)	(52,086)	6,316,810	63,803	6,380,613
Partners' capital (deficit), Ending balance at Sep. 30, 2019	$ (754,767)	$ 754,767	$ 0	$ (898,231)	$ 898,231	$ 0	$ (2,448,362)	$ 2,448,362	$ 0	$ (224,264)	$ 224,264	$ 0	$ 537,821	$ (175,630)	$ 362,191	$ 219,815	$ (219,815)	$ 0	$ 811,631	$ (313,360)	$ 498,271	$ 7,434,510	$ (133,437)	$ 7,301,073	$ 935,378	$ (275,236)	$ 660,142	$ (2,554,942)	$ (367,875)	$ (2,922,817)	$ (883,119)	$ 883,119	$ 0	$ 2,961,655	$ (353,174)	$ 2,608,481	$ 407,436	$ (406,353)	$ 1,083	$ 780,601	$ (220,176)	$ 560,425	$ (1,972,130)	$ (323,344)	$ (2,295,474)	$ 4,765,309	$ (236,739)	$ 4,528,570	$ 3,130,770	$ (148,844)	$ 2,981,926	$ 205,359	$ (205,359)	$ 0	$ 3,130,015	$ (188,873)	$ 2,941,142	$ 196,043	$ (196,043)	$ 0	$ 680,314	$ (220,344)	$ 459,970	$ (2,028,913)	$ (272,179)	$ (2,301,092)	$ 1,481,081	$ (228,411)	$ 1,252,670	$ 1,740,301	$ (307,190)	$ 1,433,111	$ 38,797	$ (239,455)	$ (200,658)	$ (1,693,383)	$ (374,339)	$ (2,067,722)	$ (1,371,837)	$ (279,253)	$ (1,651,090)	$ 14,626,888	$ (476,686)	$ 14,150,202

XML

Document And Entity Information	6 Months Ended
	Sep. 30, 2019 shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	BOSTON CAPITAL TAX CREDIT FUND IV LP
Entity Central Index Key	0000913778
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true

XML

INVESTMENTS IN OPERATING PARTNERSHIPS - Contributions payable (Details) - USD ($)	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Contributions Payable
Capital contributions payable	$ 18,992	$ 44,094	$ 137,645
Series Twenty Nine [Member]
Contributions Payable
Capital contributions payable	785	785	785
Series Thirty [Member]
Contributions Payable
Capital contributions payable	0	0	48,627
Series Thirty One [Member]
Contributions Payable
Capital contributions payable	0	25,000	43,842
Series Thirty Two [Member]
Contributions Payable
Capital contributions payable	1,229	1,229	1,229
Series Thirty Three [Member]
Contributions Payable
Capital contributions payable	0	0
Series Forty [Member]
Contributions Payable
Capital contributions payable	0	102	102
Series Forty One [Member]
Contributions Payable
Capital contributions payable	0	0
Series Forty Two [Member]
Contributions Payable
Capital contributions payable	254	254	254
Series Forty Three [Member]
Contributions Payable
Capital contributions payable	0	0	26,082
Series Forty Five [Member]
Contributions Payable
Capital contributions payable	$ 16,724	$ 16,724	$ 16,724

XML

ORGANIZATION - BACs sold and total equity (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Mar. 31, 2019
Capital Unit
BACs Sold	83,651,080	83,651,080
Series Twenty [Member]
Capital Unit
Closing Date	Jun. 24, 1994
BACs Sold	3,866,700	3,866,700
Equity Raised	$ 38,667,000
Series Twenty One [Member]
Capital Unit
Closing Date	Dec. 31, 1994
BACs Sold	1,892,700	1,892,700
Equity Raised	$ 18,927,000
Series Twenty Two [Member]
Capital Unit
Closing Date	Dec. 28, 1994
BACs Sold	2,564,400	2,564,400
Equity Raised	$ 25,644,000
Series Twenty Three [Member]
Capital Unit
Closing Date	Jun. 23, 1995
BACs Sold	3,336,727	3,336,727
Equity Raised	$ 33,366,000
Series Twenty Four [Member]
Capital Unit
Closing Date	Sep. 22, 1995
BACs Sold	2,169,878	2,169,878
Equity Raised	$ 21,697,000
Series Twenty Five [Member]
Capital Unit
Closing Date	Dec. 29, 1995
BACs Sold	3,026,109	3,026,109
Equity Raised	$ 30,248,000
Series Twenty Six [Member]
Capital Unit
Closing Date	Jun. 25, 1996
BACs Sold	3,995,900	3,995,900
Equity Raised	$ 39,959,000
Series Twenty Seven [Member]
Capital Unit
Closing Date	Sep. 17, 1996
BACs Sold	2,460,700	2,460,700
Equity Raised	$ 24,607,000
Series Twenty Eight [Member]
Capital Unit
Closing Date	Jan. 29, 1997
BACs Sold	4,000,738	4,000,738
Equity Raised	$ 39,999,000
Series Twenty Nine [Member]
Capital Unit
Closing Date	Jun. 10, 1997
BACs Sold	3,991,800	3,991,800
Equity Raised	$ 39,918,000
Series Thirty [Member]
Capital Unit
Closing Date	Sep. 10, 1997
BACs Sold	2,651,000	2,651,000
Equity Raised	$ 26,490,750
Series Thirty One [Member]
Capital Unit
Closing Date	Jan. 18, 1998
BACs Sold	4,417,857	4,417,857
Equity Raised	$ 44,057,750
Series Thirty Two [Member]
Capital Unit
Closing Date	Jun. 23, 1998
BACs Sold	4,754,198	4,754,198
Equity Raised	$ 47,431,000
Series Thirty Three [Member]
Capital Unit
Closing Date	Sep. 21, 1998
BACs Sold	2,636,533	2,636,533
Equity Raised	$ 26,362,000
Series Thirty Four [Member]
Capital Unit
Closing Date	Feb. 11, 1999
BACs Sold	3,529,319	3,529,319
Equity Raised	$ 35,273,000
Series Thirty Five [Member]
Capital Unit
Closing Date	Jun. 28, 1999
BACs Sold	3,300,463	3,300,463
Equity Raised	$ 33,004,630
Series Thirty Six [Member]
Capital Unit
Closing Date	Sep. 28, 1999
BACs Sold	2,106,838	2,106,838
Equity Raised	$ 21,068,375
Series Thirty Seven [Member]
Capital Unit
Closing Date	Jan. 28, 2000
BACs Sold	2,512,500	2,512,500
Equity Raised	$ 25,125,000
Series Thirty Eight [Member]
Capital Unit
Closing Date	Jul. 31, 2000
BACs Sold	2,543,100	2,543,100
Equity Raised	$ 25,431,000
Series Thirty Nine [Member]
Capital Unit
Closing Date	Jan. 31, 2001
BACs Sold	2,292,151	2,292,151
Equity Raised	$ 22,921,000
Series Forty [Member]
Capital Unit
Closing Date	Jul. 31, 2001
BACs Sold	2,630,256	2,630,256
Equity Raised	$ 26,269,256
Series Forty One [Member]
Capital Unit
Closing Date	Jan. 31, 2002
BACs Sold	2,891,626	2,891,626
Equity Raised	$ 28,916,260
Series Forty Two [Member]
Capital Unit
Closing Date	Jul. 31, 2002
BACs Sold	2,744,262	2,744,262
Equity Raised	$ 27,442,620
Series Forty Three [Member]
Capital Unit
Closing Date	Dec. 31, 2002
BACs Sold	3,637,987	3,637,987
Equity Raised	$ 36,379,870
Series Forty Four [Member]
Capital Unit
Closing Date	Apr. 30, 2003
BACs Sold	2,701,973	2,701,973
Equity Raised	$ 27,019,730
Series Forty Five [Member]
Capital Unit
Closing Date	Sep. 16, 2003
BACs Sold	4,014,367	4,014,367
Equity Raised	$ 40,143,670
Series Forty Six [Member]
Capital Unit
Closing Date	Dec. 19, 2003
BACs Sold	2,980,998	2,980,998
Equity Raised	$ 29,809,980

XML

SUBSEQUENT EVENTS

6 Months Ended

Sep. 30, 2019

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE G - SUBSEQUENT EVENTS

Events that occur after the balance sheet date but before the financial statements were available to be issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes. Management evaluated the activity of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements.  

XML

ORGANIZATION

6 Months Ended

Sep. 30, 2019

ORGANIZATION

ORGANIZATION

NOTE A – ORGANIZATION

Boston Capital Tax Credit Fund IV L.P. (the "Fund") was organized under the laws of the State of Delaware as of October 5, 1993, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of June 1, 2001 there was a restructuring and, as a result, the Fund’s general partner was reorganized as follows. The general partner of the Fund continues to be Boston Capital Associates IV L.P., a Delaware limited partnership. The general partner of the general partner of the Fund is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning. Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the general partner of the Fund is Capital Investment Holdings, a general partnership whose partners are various officers and employees of Boston Capital Partners, Inc. and its affiliates. The assignor limited partner is BCTC IV Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning.

Pursuant to the Securities Act of 1933, the Fund filed a Form S‑11 Registration Statement with the Securities and Exchange Commission, effective December 16, 1993, which covered the offering (the "Public Offering") of the Fund’s beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The Fund registered 30,000,000 BACs at $10 per BAC for sale to the public in one or more series. On April 18, 1996, an amendment to Form S‑11 which registered an additional 10,000,000 BACs for sale to the public in one or more series became effective. On April 2, 1998, an amendment to Form S‑11, which registered an additional 25,000,000 BACs for sale to the public in one or more series, became effective. On August 31, 1999, an amendment to Form S‑11, which registered an additional 8,000,000 BACs for sale to the public in one or more series, became effective. On July 26, 2000, an amendment to Form S‑11, which registered an additional 7,500,000 BACs for sale to the public in one or more series, became effective. On July 24, 2001, an amendment to Form S‑11, which registered an additional 7,000,000 BACs for sale to the public in one or more series, became effective. On July 24, 2002, an amendment to Form S–11, which registered an additional 7,000,000 BACs for sale to the public, became effective. On July 1, 2003, an amendment to Form S–11, which registered an additional 7,000,000 BACs for sale to the public, became effective.

Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing:

Series	Closing Date	BACs Sold	Equity Raised
Series 20	June 24, 1994	3,866,700	$	38,667,000
Series 21	December 31, 1994	1,892,700	$	18,927,000
Series 22	December 28, 1994	2,564,400	$	25,644,000
Series 23	June 23, 1995	3,336,727	$	33,366,000
Series 24	September 22, 1995	2,169,878	$	21,697,000
Series 25	December 29, 1995	3,026,109	$	30,248,000
Series 26	June 25, 1996	3,995,900	$	39,959,000
Series 27	September 17, 1996	2,460,700	$	24,607,000
Series 28	January 29, 1997	4,000,738	$	39,999,000
Series 29	June 10, 1997	3,991,800	$	39,918,000
Series 30	September 10, 1997	2,651,000	$	26,490,750
Series 31	January 18, 1998	4,417,857	$	44,057,750
Series 32	June 23, 1998	4,754,198	$	47,431,000
Series 33	September 21, 1998	2,636,533	$	26,362,000
Series 34	February 11, 1999	3,529,319	$	35,273,000
Series 35	June 28, 1999	3,300,463	$	33,004,630
Series 36	September 28, 1999	2,106,838	$	21,068,375
Series 37	January 28, 2000	2,512,500	$	25,125,000
Series 38	July 31, 2000	2,543,100	$	25,431,000
Series 39	January 31, 2001	2,292,151	$	22,921,000
Series 40	July 31, 2001	2,630,256	$	26,269,256
Series 41	January 31, 2002	2,891,626	$	28,916,260
Series 42	July 31, 2002	2,744,262	$	27,442,620
Series 43	December 31, 2002	3,637,987	$	36,379,870
Series 44	April 30, 2003	2,701,973	$	27,019,730
Series 45	September 16, 2003	4,014,367	$	40,143,670
Series 46	December 19, 2003	2,980,998	$	29,809,980

The Fund concluded its public offering of BACs in the Fund on December 19, 2003.

XML

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2019	Mar. 31, 2019
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	83,651,080	83,651,080
Units of limited partnership interest, outstanding	83,048,603	83,048,603
Series Twenty [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,866,700	3,866,700
Units of limited partnership interest, outstanding	3,828,200	3,828,200
Series Twenty One [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	1,892,700	1,892,700
Units of limited partnership interest, outstanding	1,879,500	1,879,500
Series Twenty Two [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,564,400	2,564,400
Units of limited partnership interest, outstanding	2,550,145	2,550,145
Series Twenty Three [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,336,727	3,336,727
Units of limited partnership interest, outstanding	3,303,327	3,303,327
Series Twenty Four [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,169,878	2,169,878
Units of limited partnership interest, outstanding	2,150,053	2,150,053
Series Twenty Five [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,026,109	3,026,109
Units of limited partnership interest, outstanding	3,016,809	3,016,809
Series Twenty Six [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,995,900	3,995,900
Units of limited partnership interest, outstanding	3,956,674	3,956,674
Series Twenty Seven [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,460,700	2,460,700
Units of limited partnership interest, outstanding	2,431,350	2,431,350
Series Twenty Eight [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	4,000,738	4,000,738
Units of limited partnership interest, outstanding	3,979,139	3,979,139
Series Twenty Nine [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,991,800	3,991,800
Units of limited partnership interest, outstanding	3,942,925	3,942,925
Series Thirty [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,651,000	2,651,000
Units of limited partnership interest, outstanding	2,621,200	2,621,200
Series Thirty One [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	4,417,857	4,417,857
Units of limited partnership interest, outstanding	4,375,757	4,375,757
Series Thirty Two [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	4,754,198	4,754,198
Units of limited partnership interest, outstanding	4,724,298	4,724,298
Series Thirty Three [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,636,533	2,636,533
Units of limited partnership interest, outstanding	2,621,433	2,621,433
Series Thirty Four [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,529,319	3,529,319
Units of limited partnership interest, outstanding	3,496,419	3,496,419
Series Thirty Five [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,300,463	3,300,463
Units of limited partnership interest, outstanding	3,277,913	3,277,913
Series Thirty Six [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,106,838	2,106,838
Units of limited partnership interest, outstanding	2,083,704	2,083,704
Series Thirty Seven [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,512,500	2,512,500
Units of limited partnership interest, outstanding	2,489,100	2,489,100
Series Thirty Eight [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,543,100	2,543,100
Units of limited partnership interest, outstanding	2,536,200	2,536,200
Series Thirty Nine [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,292,151	2,292,151
Units of limited partnership interest, outstanding	2,288,351	2,288,351
Series Forty [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,630,256	2,630,256
Units of limited partnership interest, outstanding	2,611,356	2,611,356
Series Forty One [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,891,626	2,891,626
Units of limited partnership interest, outstanding	2,872,426	2,872,426
Series Forty Two [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,744,262	2,744,262
Units of limited partnership interest, outstanding	2,722,862	2,722,862
Series Forty Three [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	3,637,987	3,637,987
Units of limited partnership interest, outstanding	3,627,487	3,627,487
Series Forty Four [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,701,973	2,701,973
Units of limited partnership interest, outstanding	2,689,173	2,689,173
Series Forty Five [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	4,014,367	4,014,367
Units of limited partnership interest, outstanding	4,007,167	4,007,167
Series Forty Six [Member]
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, authorized	101,500,000	101,500,000
Units of limited partnership interest, issued	2,980,998	2,980,998
Units of limited partnership interest, outstanding	2,965,635	2,965,635

XML

INVESTMENTS IN OPERATING PARTNERSHIPS - Current financial results available for the Operating Partnerships (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenues
Rental	$ 17,098,171	$ 22,343,323
Interest and other	414,231	663,683
Operating Partnerships Revenues	17,512,402	23,007,006
Expenses
Interest	2,779,787	3,644,356
Depreciation and amortization	4,213,607	5,775,862
Operating expenses	12,566,968	16,122,850
Operating Partnerships Total Expenses	19,560,362	25,543,068
NET LOSS	(2,047,960)	(2,536,062)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(2,027,484)	(2,510,699)
Net loss allocated to other Partners	(20,476)	(25,363)
Series Twenty [Member]
Revenues
Rental		139,480
Interest and other		9,921
Operating Partnerships Revenues		149,401
Expenses
Interest		11,732
Depreciation and amortization		28,416
Operating expenses		124,517
Operating Partnerships Total Expenses		164,665
NET LOSS		(15,264)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		(15,111)
Net loss allocated to other Partners		(153)
Series Twenty Two [Member]
Revenues
Rental		255,007
Interest and other		6,424
Operating Partnerships Revenues		261,431
Expenses
Interest		21,753
Depreciation and amortization		54,539
Operating expenses		215,777
Operating Partnerships Total Expenses		292,069
NET LOSS		(30,638)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		(30,332)
Net loss allocated to other Partners		(306)
Series Twenty Three [Member]
Revenues
Rental		204,371
Interest and other		8,421
Operating Partnerships Revenues		212,792
Expenses
Interest		14,889
Depreciation and amortization		45,095
Operating expenses		169,287
Operating Partnerships Total Expenses		229,271
NET LOSS		(16,479)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		(16,314)
Net loss allocated to other Partners		(165)
Series Twenty Four [Member]
Revenues
Rental	422,317	428,402
Interest and other	19,531	13,733
Operating Partnerships Revenues	441,848	442,135
Expenses
Interest	36,469	34,789
Depreciation and amortization	118,903	121,938
Operating expenses	354,705	342,441
Operating Partnerships Total Expenses	510,077	499,168
NET LOSS	(68,229)	(57,033)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(67,547)	(56,463)
Net loss allocated to other Partners	(682)	(570)
Series Twenty Six [Member]
Revenues
Rental	605,212	637,353
Interest and other	9,506	7,655
Operating Partnerships Revenues	614,718	645,008
Expenses
Interest	106,883	111,673
Depreciation and amortization	157,288	155,406
Operating expenses	569,196	536,826
Operating Partnerships Total Expenses	833,367	803,905
NET LOSS	(218,649)	(158,897)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(216,463)	(157,308)
Net loss allocated to other Partners	(2,186)	(1,589)
Series Twenty Seven [Member]
Revenues
Rental	211,201	330,303
Interest and other	125	6,495
Operating Partnerships Revenues	211,326	336,798
Expenses
Interest	6,529	16,620
Depreciation and amortization	67,956	88,925
Operating expenses	210,794	275,358
Operating Partnerships Total Expenses	285,279	380,903
NET LOSS	(73,953)	(44,105)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(73,213)	(43,664)
Net loss allocated to other Partners	(740)	(441)
Series Twenty Eight [Member]
Revenues
Rental	263,303	411,179
Interest and other	8,837	22,570
Operating Partnerships Revenues	272,140	433,749
Expenses
Interest	64,522	66,567
Depreciation and amortization	69,046	91,762
Operating expenses	209,346	340,875
Operating Partnerships Total Expenses	342,914	499,204
NET LOSS	(70,774)	(65,455)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(70,068)	(64,800)
Net loss allocated to other Partners	(706)	(655)
Series Twenty Nine [Member]
Revenues
Rental	464,228	543,919
Interest and other	43,983	21,495
Operating Partnerships Revenues	508,211	565,414
Expenses
Interest	79,653	106,247
Depreciation and amortization	92,325	114,458
Operating expenses	421,661	459,302
Operating Partnerships Total Expenses	593,639	680,007
NET LOSS	(85,428)	(114,593)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(84,574)	(113,447)
Net loss allocated to other Partners	(854)	(1,146)
Series Thirty [Member]
Revenues
Rental		322,299
Interest and other		7,537
Operating Partnerships Revenues		329,836
Expenses
Interest		34,088
Depreciation and amortization		76,907
Operating expenses		261,993
Operating Partnerships Total Expenses		372,988
NET LOSS		(43,152)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		(42,720)
Net loss allocated to other Partners		(432)
Series Thirty One [Member]
Revenues
Rental		563,108
Interest and other		21,066
Operating Partnerships Revenues		584,174
Expenses
Interest		41,564
Depreciation and amortization		209,468
Operating expenses		563,223
Operating Partnerships Total Expenses		814,255
NET LOSS		(230,081)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		(227,780)
Net loss allocated to other Partners		(2,301)
Series Thirty Two [Member]
Revenues
Rental	761,862	770,495
Interest and other	13,701	11,472
Operating Partnerships Revenues	775,563	781,967
Expenses
Interest	125,371	128,444
Depreciation and amortization	219,045	219,165
Operating expenses	613,804	641,294
Operating Partnerships Total Expenses	958,220	988,903
NET LOSS	(182,657)	(206,936)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(180,830)	(204,867)
Net loss allocated to other Partners	(1,827)	(2,069)
Series Thirty Three [Member]
Revenues
Rental	416,301	632,934
Interest and other	13,138	23,019
Operating Partnerships Revenues	429,439	655,953
Expenses
Interest	79,953	101,675
Depreciation and amortization	100,726	139,535
Operating expenses	307,186	465,670
Operating Partnerships Total Expenses	487,865	706,880
NET LOSS	(58,426)	(50,927)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(57,842)	(50,418)
Net loss allocated to other Partners	(584)	(509)
Series Thirty Four [Member]
Revenues
Rental	408,120	495,011
Interest and other	15,105	25,201
Operating Partnerships Revenues	423,225	520,212
Expenses
Interest	54,704	57,916
Depreciation and amortization	106,772	137,095
Operating expenses	362,170	370,981
Operating Partnerships Total Expenses	523,646	565,992
NET LOSS	(100,421)	(45,780)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(99,417)	(45,322)
Net loss allocated to other Partners	(1,004)	(458)
Series Thirty Five [Member]
Revenues
Rental	404,488	504,934
Interest and other	2,157	28,304
Operating Partnerships Revenues	406,645	533,238
Expenses
Interest	58,450	83,244
Depreciation and amortization	131,653	161,156
Operating expenses	218,081	303,777
Operating Partnerships Total Expenses	408,184	548,177
NET LOSS	(1,539)	(14,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(1,524)	(14,790)
Net loss allocated to other Partners	(15)	(149)
Series Thirty Six [Member]
Revenues
Rental	88,773	284,874
Interest and other	810	5,290
Operating Partnerships Revenues	89,583	290,164
Expenses
Interest	21,196	52,992
Depreciation and amortization	27,363	70,217
Operating expenses	85,948	208,729
Operating Partnerships Total Expenses	134,507	331,938
NET LOSS	(44,924)	(41,774)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(44,475)	(41,356)
Net loss allocated to other Partners	(449)	(418)
Series Thirty Eight [Member]
Revenues
Rental	115,212	810,726
Interest and other	887	16,373
Operating Partnerships Revenues	116,099	827,099
Expenses
Interest	13,168	111,239
Depreciation and amortization	27,635	155,514
Operating expenses	99,031	564,808
Operating Partnerships Total Expenses	139,834	831,561
NET LOSS	(23,735)	(4,462)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(23,498)	(4,417)
Net loss allocated to other Partners	(237)	(45)
Series Forty [Member]
Revenues
Rental	486,308	1,017,456
Interest and other	9,251	26,894
Operating Partnerships Revenues	495,559	1,044,350
Expenses
Interest	80,247	189,214
Depreciation and amortization	122,649	276,150
Operating expenses	362,884	794,063
Operating Partnerships Total Expenses	565,780	1,259,427
NET LOSS	(70,221)	(215,077)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(69,519)	(212,926)
Net loss allocated to other Partners	(702)	(2,151)
Series Forty One [Member]
Revenues
Rental	1,780,047	1,815,549
Interest and other	31,950	29,661
Operating Partnerships Revenues	1,811,997	1,845,210
Expenses
Interest	283,344	340,027
Depreciation and amortization	368,462	384,753
Operating expenses	1,294,393	1,223,663
Operating Partnerships Total Expenses	1,946,199	1,948,443
NET LOSS	(134,202)	(103,233)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(132,860)	(102,201)
Net loss allocated to other Partners	(1,342)	(1,032)
Series Forty Two [Member]
Revenues
Rental	1,131,169	1,196,029
Interest and other	42,952	47,542
Operating Partnerships Revenues	1,174,121	1,243,571
Expenses
Interest	217,395	242,115
Depreciation and amortization	323,583	362,541
Operating expenses	851,969	876,593
Operating Partnerships Total Expenses	1,392,947	1,481,249
NET LOSS	(218,826)	(237,678)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(216,638)	(235,301)
Net loss allocated to other Partners	(2,188)	(2,377)
Series Forty Three [Member]
Revenues
Rental	1,312,145	2,093,498
Interest and other	36,262	90,363
Operating Partnerships Revenues	1,348,407	2,183,861
Expenses
Interest	113,547	256,666
Depreciation and amortization	372,693	695,187
Operating expenses	1,068,124	1,576,475
Operating Partnerships Total Expenses	1,554,364	2,528,328
NET LOSS	(205,957)	(344,467)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(203,897)	(341,022)
Net loss allocated to other Partners	(2,060)	(3,445)
Series Forty Four [Member]
Revenues
Rental	2,449,364	2,981,014
Interest and other	51,200	81,854
Operating Partnerships Revenues	2,500,564	3,062,868
Expenses
Interest	553,571	695,577
Depreciation and amortization	513,484	676,174
Operating expenses	1,447,637	1,711,083
Operating Partnerships Total Expenses	2,514,692	3,082,834
NET LOSS	(14,128)	(19,966)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(13,987)	(19,766)
Net loss allocated to other Partners	(141)	(200)
Series Forty Five [Member]
Revenues
Rental	3,290,532	3,545,117
Interest and other	76,870	80,792
Operating Partnerships Revenues	3,367,402	3,625,909
Expenses
Interest	404,349	455,418
Depreciation and amortization	826,542	944,459
Operating expenses	2,560,676	2,613,391
Operating Partnerships Total Expenses	3,791,567	4,013,268
NET LOSS	(424,165)	(387,359)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(419,923)	(383,485)
Net loss allocated to other Partners	(4,242)	(3,874)
Series Forty Six [Member]
Revenues
Rental	2,487,589	2,360,265
Interest and other	37,966	71,601
Operating Partnerships Revenues	2,525,555	2,431,866
Expenses
Interest	480,436	469,907
Depreciation and amortization	567,482	567,002
Operating expenses	1,529,363	1,482,724
Operating Partnerships Total Expenses	2,577,281	2,519,633
NET LOSS	(51,726)	(87,767)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	(51,209)	(86,889)
Net loss allocated to other Partners	$ (517)	$ (878)

XML

RELATED PARTY TRANSACTIONS - Additional Information (Details)	6 Months Ended
	Sep. 30, 2019
RELATED PARTY TRANSACTIONS
Percentage Of Annual Management Fee	0.50%

XML

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ 11,080,913	$ 1,491,651
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(11,850,663)	(2,619,630)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	(9,044)	6,000
(Decrease) Increase in accounts payable affiliates	(2,345,707)	(3,839,107)
Net cash (used in) provided by operating activities	(3,124,501)	(4,961,086)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	11,850,561	2,580,529
Net cash provided by investing activities	11,850,561	2,580,529
Cash flows from financing activities:
Distributions	0	(310,963)
Net cash used in financing activities	0	(310,963)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	8,726,060	(2,691,520)
Cash and cash equivalents, beginning	22,926,529	27,208,717
Cash and cash equivalents, ending	31,652,589	24,517,197
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	25,000	0
Series Twenty [Member]
Cash flows from operating activities:
Net income (loss)	0	128,707
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(155,337)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	(188,017)
Net cash (used in) provided by operating activities	0	(214,647)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	155,337
Net cash provided by investing activities	0	155,337
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	(59,310)
Cash and cash equivalents, beginning	0	241,987
Cash and cash equivalents, ending	0	182,677
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty One [Member]
Cash flows from operating activities:
Net income (loss)	0	0
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	0	0
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0
Cash and cash equivalents, beginning	0	0
Cash and cash equivalents, ending	0	0
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Two [Member]
Cash flows from operating activities:
Net income (loss)	0	(32,092)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	(12,148)
Net cash (used in) provided by operating activities	0	(44,240)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	(44,240)
Cash and cash equivalents, beginning	0	221,864
Cash and cash equivalents, ending	0	177,624
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Three [Member]
Cash flows from operating activities:
Net income (loss)	0	(25,440)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	(238,888)
Net cash (used in) provided by operating activities	0	(264,328)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	(264,328)
Cash and cash equivalents, beginning	0	446,136
Cash and cash equivalents, ending	0	181,808
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Four [Member]
Cash flows from operating activities:
Net income (loss)	(39,827)	(41,674)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	(5,000)
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	(39,827)	(46,674)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(39,827)	(46,674)
Cash and cash equivalents, beginning	402,018	453,512
Cash and cash equivalents, ending	362,191	406,838
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Five [Member]
Cash flows from operating activities:
Net income (loss)	0	0
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	0	0
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0
Cash and cash equivalents, beginning	0	0
Cash and cash equivalents, ending	0	0
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Six [Member]
Cash flows from operating activities:
Net income (loss)	(56,168)	(47,551)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(10,500)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	(56,168)	(58,051)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	10,500
Net cash provided by investing activities	0	10,500
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(56,168)	(47,551)
Cash and cash equivalents, beginning	554,439	642,258
Cash and cash equivalents, ending	498,271	594,707
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Seven [Member]
Cash flows from operating activities:
Net income (loss)	800,839	(9,396)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(776,922)	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	23,917	(9,396)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	776,922	0
Net cash provided by investing activities	776,922	0
Cash flows from financing activities:
Distributions	0	(310,963)
Net cash used in financing activities	0	(310,963)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	800,839	(320,359)
Cash and cash equivalents, beginning	6,500,234	6,799,933
Cash and cash equivalents, ending	7,301,073	6,479,574
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Eight [Member]
Cash flows from operating activities:
Net income (loss)	(30,463)	(26,522)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(7,100)	(8,500)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	(37,563)	(35,022)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	7,100	8,500
Net cash provided by investing activities	7,100	8,500
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(30,463)	(26,522)
Cash and cash equivalents, beginning	690,605	742,564
Cash and cash equivalents, ending	660,142	716,042
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Twenty Nine [Member]
Cash flows from operating activities:
Net income (loss)	(42,141)	76,582
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(123,094)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	14,520	(497,247)
Net cash (used in) provided by operating activities	(27,621)	(543,759)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	122,994
Net cash provided by investing activities	0	122,994
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(27,621)	(420,765)
Cash and cash equivalents, beginning	196,944	622,414
Cash and cash equivalents, ending	169,323	201,649
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty [Member]
Cash flows from operating activities:
Net income (loss)	0	6,824
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(41,555)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	3,000
(Decrease) Increase in accounts payable affiliates	0	(166,736)
Net cash (used in) provided by operating activities	0	(198,467)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	25,006
Net cash provided by investing activities	0	25,006
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	(173,461)
Cash and cash equivalents, beginning	0	453,433
Cash and cash equivalents, ending	0	279,972
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty One [Member]
Cash flows from operating activities:
Net income (loss)	654,911	16,103
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(618,900)	(69,452)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	2,500
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	36,011	(50,849)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	618,900	47,000
Net cash provided by investing activities	618,900	47,000
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	654,911	(3,849)
Cash and cash equivalents, beginning	1,953,570	1,971,680
Cash and cash equivalents, ending	2,608,481	1,967,831
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	25,000	0
Series Thirty Two [Member]
Cash flows from operating activities:
Net income (loss)	(51,389)	420,871
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(487,880)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	(11,620)	(745,999)
Net cash (used in) provided by operating activities	(63,009)	(813,008)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	487,880
Net cash provided by investing activities	0	487,880
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(63,009)	(325,128)
Cash and cash equivalents, beginning	272,226	563,697
Cash and cash equivalents, ending	209,217	238,569
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Three [Member]
Cash flows from operating activities:
Net income (loss)	1,423,100	(40,690)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(1,442,632)	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	(1,099,287)	(180,304)
Net cash (used in) provided by operating activities	(1,118,819)	(220,994)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	1,442,632	0
Net cash provided by investing activities	1,442,632	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	323,813	(220,994)
Cash and cash equivalents, beginning	236,612	452,033
Cash and cash equivalents, ending	560,425	231,039
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Four [Member]
Cash flows from operating activities:
Net income (loss)	216,071	(39,631)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(257,500)	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	23,861	(125,268)
Net cash (used in) provided by operating activities	(17,568)	(164,899)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	257,500	0
Net cash provided by investing activities	257,500	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	239,932	(164,899)
Cash and cash equivalents, beginning	178,285	394,837
Cash and cash equivalents, ending	418,217	229,938
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Five [Member]
Cash flows from operating activities:
Net income (loss)	132,796	(20,322)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(141,000)	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	(8,204)	(20,322)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	141,000	0
Net cash provided by investing activities	141,000	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	132,796	(20,322)
Cash and cash equivalents, beginning	4,395,774	4,428,306
Cash and cash equivalents, ending	4,528,570	4,407,984
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Six [Member]
Cash flows from operating activities:
Net income (loss)	465,273	182,394
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(476,325)	(243,163)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	(4,900)	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	(15,952)	(60,769)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	476,325	243,163
Net cash provided by investing activities	476,325	243,163
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	460,373	182,394
Cash and cash equivalents, beginning	2,541,359	2,106,050
Cash and cash equivalents, ending	3,001,732	2,288,444
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Seven [Member]
Cash flows from operating activities:
Net income (loss)	0	1,014,258
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(1,020,649)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	(513,149)
Net cash (used in) provided by operating activities	0	(519,540)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	1,020,649
Net cash provided by investing activities	0	1,020,649
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	501,109
Cash and cash equivalents, beginning	0	517,887
Cash and cash equivalents, ending	0	1,018,996
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Eight [Member]
Cash flows from operating activities:
Net income (loss)	1,442,036	8,500
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(1,463,974)	(7,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	(18,234)
Net cash (used in) provided by operating activities	(21,938)	(16,734)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	1,463,974	7,000
Net cash provided by investing activities	1,463,974	7,000
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,442,036	(9,734)
Cash and cash equivalents, beginning	1,499,106	1,492,145
Cash and cash equivalents, ending	2,941,142	1,482,411
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Thirty Nine [Member]
Cash flows from operating activities:
Net income (loss)	0	0
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	0	0
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0
Cash and cash equivalents, beginning	0	0
Cash and cash equivalents, ending	0	0
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty [Member]
Cash flows from operating activities:
Net income (loss)	2,500,441	(24,459)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(2,554,005)	(44,500)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	(4,144)	5,500
(Decrease) Increase in accounts payable affiliates	(1,148,217)	(171,812)
Net cash (used in) provided by operating activities	(1,205,925)	(235,271)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	2,553,903	44,500
Net cash provided by investing activities	2,553,903	44,500
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,347,978	(190,771)
Cash and cash equivalents, beginning	193,344	431,341
Cash and cash equivalents, ending	1,541,322	240,570
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty One [Member]
Cash flows from operating activities:
Net income (loss)	(33,697)	(38,575)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(14,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	68,154	(448,150)
Net cash (used in) provided by operating activities	34,457	(500,725)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	14,000
Net cash provided by investing activities	0	14,000
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	34,457	(486,725)
Cash and cash equivalents, beginning	246,214	741,152
Cash and cash equivalents, ending	280,671	254,427
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty Two [Member]
Cash flows from operating activities:
Net income (loss)	(58,859)	(8,464)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(42,500)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	0	0
Net cash (used in) provided by operating activities	(58,859)	(50,964)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	42,500
Net cash provided by investing activities	0	42,500
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(58,859)	(8,464)
Cash and cash equivalents, beginning	1,300,483	1,327,017
Cash and cash equivalents, ending	1,241,624	1,318,553
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty Three [Member]
Cash flows from operating activities:
Net income (loss)	1,186,830	(45,306)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(1,255,582)	(9,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	(168,259)	(475,580)
Net cash (used in) provided by operating activities	(237,011)	(529,886)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	1,255,582	9,000
Net cash provided by investing activities	1,255,582	9,000
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,018,571	(520,886)
Cash and cash equivalents, beginning	414,540	854,364
Cash and cash equivalents, ending	1,433,111	333,478
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty Four [Member]
Cash flows from operating activities:
Net income (loss)	2,763,147	(100,237)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	(2,856,723)	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	(132,745)	122,738
Net cash (used in) provided by operating activities	(226,321)	22,501
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	2,856,723	0
Net cash provided by investing activities	2,856,723	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,630,402	22,501
Cash and cash equivalents, beginning	113,020	84,006
Cash and cash equivalents, ending	2,743,422	106,507
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty Five [Member]
Cash flows from operating activities:
Net income (loss)	(117,120)	225,230
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	(342,500)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	3,288	(104,911)
Net cash (used in) provided by operating activities	(113,832)	(222,181)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	342,500
Net cash provided by investing activities	0	342,500
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(113,832)	120,319
Cash and cash equivalents, beginning	916,581	753,702
Cash and cash equivalents, ending	802,749	874,021
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	0	0
Series Forty Six [Member]
Cash flows from operating activities:
Net income (loss)	(74,867)	(87,459)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships	0	0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0	0
(Decrease) Increase in accounts payable affiliates	104,598	(75,402)
Net cash (used in) provided by operating activities	29,731	(162,861)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Distributions	0	0
Net cash used in financing activities	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	29,731	(162,861)
Cash and cash equivalents, beginning	321,175	466,399
Cash and cash equivalents, ending	350,906	303,538
Supplemental schedule of noncash investing and financing activities:
The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$ 0	$ 0

XML

CONDENSED BALANCE SHEETS - USD ($)	Sep. 30, 2019	Mar. 31, 2019
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	$ 0	$ 0
OTHER ASSETS
Cash and cash equivalents	31,652,589	22,926,529
Other assets	15,088	40,088
ASSETS	31,667,677	22,966,617
LIABILITIES
Accounts payable and accrued expenses	541,272	550,316
Accounts payable affiliates (Note C)	16,957,211	19,302,918
Capital contributions payable	18,992	44,094
LIABILITIES	17,517,475	19,897,328
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	14,626,888	3,656,782
General Partner	(476,686)	(587,493)
PARTNERS' CAPITAL (DEFICIT)	14,150,202	3,069,289
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	31,667,677	22,966,617
Series Twenty [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(754,767)	(754,767)
General Partner	754,767	754,767
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty One [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(898,231)	(898,231)
General Partner	898,231	898,231
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty Two [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(2,448,362)	(2,448,362)
General Partner	2,448,362	2,448,362
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty Three [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(224,264)	(224,264)
General Partner	224,264	224,264
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty Four [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	362,191	402,018
Other assets	0	0
ASSETS	362,191	402,018
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	537,821	577,250
General Partner	(175,630)	(175,232)
PARTNERS' CAPITAL (DEFICIT)	362,191	402,018
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	362,191	402,018
Series Twenty Five [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	219,815	219,815
General Partner	(219,815)	(219,815)
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty Six [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	498,271	554,439
Other assets	0	0
ASSETS	498,271	554,439
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	811,631	867,237
General Partner	(313,360)	(312,798)
PARTNERS' CAPITAL (DEFICIT)	498,271	554,439
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	498,271	554,439
Series Twenty Seven [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	7,301,073	6,500,234
Other assets	0	0
ASSETS	7,301,073	6,500,234
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	7,434,510	6,641,679
General Partner	(133,437)	(141,445)
PARTNERS' CAPITAL (DEFICIT)	7,301,073	6,500,234
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	7,301,073	6,500,234
Series Twenty Eight [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	660,142	690,605
Other assets	0	0
ASSETS	660,142	690,605
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	935,378	965,536
General Partner	(275,236)	(274,931)
PARTNERS' CAPITAL (DEFICIT)	660,142	690,605
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	660,142	690,605
Series Twenty Nine [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	169,323	196,944
Other assets	0	0
ASSETS	169,323	196,944
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	3,091,355	3,076,835
Capital contributions payable	785	785
LIABILITIES	3,092,140	3,077,620
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(2,554,942)	(2,513,222)
General Partner	(367,875)	(367,454)
PARTNERS' CAPITAL (DEFICIT)	(2,922,817)	(2,880,676)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	169,323	196,944
Series Thirty [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(883,119)	(883,119)
General Partner	883,119	883,119
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Thirty One [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	2,608,481	1,953,570
Other assets	0	25,000
ASSETS	2,608,481	1,978,570
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	25,000
LIABILITIES	0	25,000
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	2,961,655	2,313,293
General Partner	(353,174)	(359,723)
PARTNERS' CAPITAL (DEFICIT)	2,608,481	1,953,570
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	2,608,481	1,978,570
Series Thirty Two [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	209,217	272,226
Other assets	0	0
ASSETS	209,217	272,226
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	206,905	218,525
Capital contributions payable	1,229	1,229
LIABILITIES	208,134	219,754
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	407,436	458,311
General Partner	(406,353)	(405,839)
PARTNERS' CAPITAL (DEFICIT)	1,083	52,472
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	209,217	272,226
Series Thirty Three [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	560,425	236,612
Other assets	0	0
ASSETS	560,425	236,612
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	1,099,287
Capital contributions payable	0	0
LIABILITIES	0	1,099,287
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	780,601	(628,268)
General Partner	(220,176)	(234,407)
PARTNERS' CAPITAL (DEFICIT)	560,425	(862,675)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	560,425	236,612
Series Thirty Four [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	418,217	178,285
Other assets	0	0
ASSETS	418,217	178,285
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,713,691	2,689,830
Capital contributions payable	0	0
LIABILITIES	2,713,691	2,689,830
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(1,972,130)	(2,186,040)
General Partner	(323,344)	(325,505)
PARTNERS' CAPITAL (DEFICIT)	(2,295,474)	(2,511,545)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	418,217	178,285
Series Thirty Five [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	4,528,570	4,395,774
Other assets	0	0
ASSETS	4,528,570	4,395,774
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	4,765,309	4,633,841
General Partner	(236,739)	(238,067)
PARTNERS' CAPITAL (DEFICIT)	4,528,570	4,395,774
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	4,528,570	4,395,774
Series Thirty Six [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	3,001,732	2,541,359
Other assets	0	0
ASSETS	3,001,732	2,541,359
LIABILITIES
Accounts payable and accrued expenses	19,806	24,706
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	19,806	24,706
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	3,130,770	2,670,150
General Partner	(148,844)	(153,497)
PARTNERS' CAPITAL (DEFICIT)	2,981,926	2,516,653
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	3,001,732	2,541,359
Series Thirty Seven [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	205,359	205,359
General Partner	(205,359)	(205,359)
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Thirty Eight [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	2,941,142	1,499,106
Other assets	0	0
ASSETS	2,941,142	1,499,106
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	3,130,015	1,702,399
General Partner	(188,873)	(203,293)
PARTNERS' CAPITAL (DEFICIT)	2,941,142	1,499,106
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	2,941,142	1,499,106
Series Thirty Nine [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	196,043	196,043
General Partner	(196,043)	(196,043)
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Forty [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,541,322	193,344
Other assets	0	0
ASSETS	1,541,322	193,344
LIABILITIES
Accounts payable and accrued expenses	5,356	9,500
Accounts payable affiliates (Note C)	1,075,996	2,224,213
Capital contributions payable	0	102
LIABILITIES	1,081,352	2,233,815
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	680,314	(1,795,123)
General Partner	(220,344)	(245,348)
PARTNERS' CAPITAL (DEFICIT)	459,970	(2,040,471)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,541,322	193,344
Series Forty One [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	280,671	246,214
Other assets	0	0
ASSETS	280,671	246,214
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,581,763	2,513,609
Capital contributions payable	0	0
LIABILITIES	2,581,763	2,513,609
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(2,028,913)	(1,995,553)
General Partner	(272,179)	(271,842)
PARTNERS' CAPITAL (DEFICIT)	(2,301,092)	(2,267,395)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	280,671	246,214
Series Forty Two [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,241,624	1,300,483
Other assets	11,300	11,300
ASSETS	1,252,924	1,311,783
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	254	254
LIABILITIES	254	254
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	1,481,081	1,539,351
General Partner	(228,411)	(227,822)
PARTNERS' CAPITAL (DEFICIT)	1,252,670	1,311,529
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,252,924	1,311,783
Series Forty Three [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,433,111	414,540
Other assets	0	0
ASSETS	1,433,111	414,540
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	168,259
Capital contributions payable	0	0
LIABILITIES	0	168,259
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	1,740,301	565,339
General Partner	(307,190)	(319,058)
PARTNERS' CAPITAL (DEFICIT)	1,433,111	246,281
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,433,111	414,540
Series Forty Four [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	2,743,422	113,020
Other assets	0	0
ASSETS	2,743,422	113,020
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,944,080	3,076,825
Capital contributions payable	0	0
LIABILITIES	2,944,080	3,076,825
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	38,797	(2,696,719)
General Partner	(239,455)	(267,086)
PARTNERS' CAPITAL (DEFICIT)	(200,658)	(2,963,805)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	2,743,422	113,020
Series Forty Five [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	802,749	916,581
Other assets	0	0
ASSETS	802,749	916,581
LIABILITIES
Accounts payable and accrued expenses	516,110	516,110
Accounts payable affiliates (Note C)	2,337,637	2,334,349
Capital contributions payable	16,724	16,724
LIABILITIES	2,870,471	2,867,183
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(1,693,383)	(1,577,434)
General Partner	(374,339)	(373,168)
PARTNERS' CAPITAL (DEFICIT)	(2,067,722)	(1,950,602)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	802,749	916,581
Series Forty Six [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	350,906	321,175
Other assets	3,788	3,788
ASSETS	354,694	324,963
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,005,784	1,901,186
Capital contributions payable	0	0
LIABILITIES	2,005,784	1,901,186
PARTNERS' CAPITAL (DEFICIT)
Assignees limited partner	(1,371,837)	(1,297,719)
General Partner	(279,253)	(278,504)
PARTNERS' CAPITAL (DEFICIT)	(1,651,090)	(1,576,223)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	$ 354,694	$ 324,963

XML

INVESTMENTS IN OPERATING PARTNERSHIPS - Dispositions by series (Details)	6 Months Ended
	Sep. 30, 2019 USD ($) item	Sep. 30, 2018 USD ($) item
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item	6	15
Sale of Underlying Operating Partnership | item	9	4
Partnership Proceeds from Disposition *	$ 11,850,561	$ 2,580,529
Gain on Disposition	11,850,663	$ 2,619,630
Series Twenty [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		1
Partnership Proceeds from Disposition *	0	$ 155,337
Gain on Disposition		155,337
Series Twenty One [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	0	0
Series Twenty Two [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	0	0
Series Twenty Three [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	0	0
Series Twenty Four [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	0	0
Series Twenty Five [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	0	$ 0
Series Twenty Six [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		1
Partnership Proceeds from Disposition *	$ 0	$ 10,500
Gain on Disposition		10,500
Series Twenty Seven [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership	1
Partnership Proceeds from Disposition *	$ 776,922	$ 0
Gain on Disposition	$ 776,922
Series Twenty Eight [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred	1	1
Partnership Proceeds from Disposition *	$ 7,100	$ 8,500
Gain on Disposition	7,100	$ 8,500
Series Twenty Nine [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		2
Partnership Proceeds from Disposition *	0	$ 122,994
Gain on Disposition		$ 123,094
Series Thirty [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		3
Partnership Proceeds from Disposition *	$ 0	$ 25,006
Gain on Disposition		$ 41,555
Series Thirty One [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		2
Sale of Underlying Operating Partnership	1
Partnership Proceeds from Disposition *	$ 618,900	$ 47,000
Gain on Disposition	618,900	$ 69,452
Series Thirty Two [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership | item		1
Partnership Proceeds from Disposition *	$ 0	$ 487,880
Gain on Disposition		487,880
Series Thirty Three [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership	1
Partnership Proceeds from Disposition *	$ 1,442,632	0
Gain on Disposition	$ 1,442,632
Series Thirty Four [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred	1
Partnership Proceeds from Disposition *	$ 257,500	0
Gain on Disposition	$ 257,500
Series Thirty Five [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred	1
Partnership Proceeds from Disposition *	$ 141,000	$ 0
Gain on Disposition	$ 141,000
Series Thirty Six [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership	1	1
Partnership Proceeds from Disposition *	$ 476,325	$ 243,163
Gain on Disposition	476,325	$ 243,163
Series Thirty Seven [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership | item		1
Partnership Proceeds from Disposition *	$ 0	$ 1,020,649
Gain on Disposition		$ 1,020,649
Series Thirty Eight [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred	1	1
Sale of Underlying Operating Partnership	1
Partnership Proceeds from Disposition *	$ 1,463,974	$ 7,000
Gain on Disposition	1,463,974	7,000
Series Thirty Nine [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	$ 0	$ 0
Series Forty [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred	1	1
Sale of Underlying Operating Partnership	1
Partnership Proceeds from Disposition *	$ 2,553,903	$ 44,500
Gain on Disposition	2,554,005	$ 44,500
Series Forty One [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership | item		1
Partnership Proceeds from Disposition *	0	$ 14,000
Gain on Disposition		$ 14,000
Series Forty Two [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		1
Partnership Proceeds from Disposition *	$ 0	$ 42,500
Gain on Disposition		$ 42,500
Series Forty Three [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred	1	1
Sale of Underlying Operating Partnership	1
Partnership Proceeds from Disposition *	$ 1,255,582	$ 9,000
Gain on Disposition	$ 1,255,582	9,000
Series Forty Four [Member]
Dispositions By Series Disclosure
Sale of Underlying Operating Partnership	2
Partnership Proceeds from Disposition *	$ 2,856,723	$ 0
Gain on Disposition	2,856,723
Series Forty Five [Member]
Dispositions By Series Disclosure
Operating Partnership Interest Transferred | item		1
Partnership Proceeds from Disposition *	0	$ 342,500
Gain on Disposition		342,500
Series Forty Six [Member]
Dispositions By Series Disclosure
Partnership Proceeds from Disposition *	$ 0	$ 0

XML

RELATED PARTY TRANSACTIONS - Fund management fees paid (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Related Party Transaction [Line Items]
Fund management fees paid	$ 2,883,556	$ 4,842,166
Series Twenty [Member]
Related Party Transaction [Line Items]
Fund management fees paid		193,337
Series Twenty Two [Member]
Related Party Transaction [Line Items]
Fund management fees paid		25,000
Series Twenty Three [Member]
Related Party Transaction [Line Items]
Fund management fees paid		250,000
Series Twenty Four [Member]
Related Party Transaction [Line Items]
Fund management fees paid	20,598	21,522
Series Twenty Six [Member]
Related Party Transaction [Line Items]
Fund management fees paid	27,876	29,547
Series Twenty Seven [Member]
Related Party Transaction [Line Items]
Fund management fees paid	15,270	15,270
Series Twenty Eight [Member]
Related Party Transaction [Line Items]
Fund management fees paid	14,592	16,140
Series Twenty Nine [Member]
Related Party Transaction [Line Items]
Fund management fees paid		519,601
Series Thirty [Member]
Related Party Transaction [Line Items]
Fund management fees paid		185,027
Series Thirty One [Member]
Related Party Transaction [Line Items]
Fund management fees paid	4,308	35,627
Series Thirty Two [Member]
Related Party Transaction [Line Items]
Fund management fees paid	51,208	787,880
Series Thirty Three [Member]
Related Party Transaction [Line Items]
Fund management fees paid	1,125,921	206,940
Series Thirty Four [Member]
Related Party Transaction [Line Items]
Fund management fees paid		150,000
Series Thirty Five [Member]
Related Party Transaction [Line Items]
Fund management fees paid	20,500	21,306
Series Thirty Six [Member]
Related Party Transaction [Line Items]
Fund management fees paid	7,911	13,616
Series Thirty Seven [Member]
Related Party Transaction [Line Items]
Fund management fees paid		526,729
Series Thirty Eight [Member]
Related Party Transaction [Line Items]
Fund management fees paid	19,323	53,049
Series Forty [Member]
Related Party Transaction [Line Items]
Fund management fees paid	1,188,699	225,000
Series Forty One [Member]
Related Party Transaction [Line Items]
Fund management fees paid		520,930
Series Forty Two [Member]
Related Party Transaction [Line Items]
Fund management fees paid	47,580	56,839
Series Forty Three [Member]
Related Party Transaction [Line Items]
Fund management fees paid	223,770	566,306
Series Forty Five [Member]
Related Party Transaction [Line Items]
Fund management fees paid	$ 116,000	242,500
Series Forty Six [Member]
Related Party Transaction [Line Items]
Fund management fees paid		$ 180,000

XML

INVESTMENTS IN OPERATING PARTNERSHIPS (Tables)

6 Months Ended

Sep. 30, 2019

INVESTMENTS IN OPERATING PARTNERSHIPS

Schedule Of Operating Partnerships Within the Fund

The breakdown of Operating Partnerships within the Fund at September 30, 2019 and 2018 are as follows:

	2019	2018
Series 20	-	1
Series 21	-	-
Series 22	-	3
Series 23	-	3
Series 24	4	5
Series 25	-	–
Series 26	8	8
Series 27	2	3
Series 28	3	4
Series 29	5	5
Series 30	-	2
Series 31	-	6
Series 32	5	5
Series 33	2	3
Series 34	3	4
Series 35	1	2
Series 36	1	2
Series 37	–	–
Series 38	1	3
Series 39	-	-
Series 40	5	8
Series 41	11	11
Series 42	9	10
Series 43	11	16
Series 44	5	7
Series 45	22	25
Series 46	14	14
	112	150

Schedule Of Contributions Payable

The contributions payable at September 30, 2019 and 2018, are as follows:

	2019		2018
Series 29	$	785	$	785
Series 30		-		48,627
Series 31		-		43,842
Series 32		1,229		1,229
Series 40		–		102
Series 42		254		254
Series 43		–		26,082
Series 45		16,724		16,724
	$	18,992	$	137,645

Schedule Of Dispositions By Series

During the six months ended September 30, 2019 the Fund disposed of fifteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2019 is as follows:

	Operating	Sale of
	Partnership	Underlying	Fund Proceeds
	Interest	Operating	from		Gain on
	Transferred	Partnership	Disposition *		Disposition
Series 27	—	1	$	776,922	$	776,922
Series 28	1	—		7,100		7,100
Series 31	—	1		618,900		618,900
Series 33	—	1		1,442,632		1,442,632
Series 34	1	—		257,500		257,500
Series 35	1	—		141,000		141,000
Series 36	—	1		476,325		476,325
Series 38	1	1		1,463,974		1,463,974
Series 40	1	1		2,553,903		2,554,005
Series 43	1	1		1,255,582		1,255,582
Series 44	—	2		2,856,723		2,856,723
Total	6	9	$	11,850,561	$	11,850,663

*Fund proceeds from disposition does not include $102, which was due to a writeoff of capital contribution payable as of September 30, 2019, for Series 40.

During the six months ended September 30, 2018 the Fund disposed of nineteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2018 is as follows:

	Operating	Sale of
	Partnership	Underlying	Fund Proceeds
	Interest	Operating	from		Gain on
	Transferred	Partnership	Disposition *		Disposition
Series 20	1	-	$	155,337	$	155,337
Series 26	1	–		10,500		10,500
Series 28	1	–		8,500		8,500
Series 29	2	–		122,994		123,094
Series 30	3	–		25,006		41,555
Series 31	2	–		47,000		69,452
Series 32	–	1		487,880		487,880
Series 36	–	1		243,163		243,163
Series 37	–	1		1,020,649		1,020,649
Series 38	1	–		7,000		7,000
Series 40	1	–		44,500		44,500
Series 41	–	1		14,000		14,000
Series 42	1	–		42,500		42,500
Series 43	1	–		9,000		9,000
Series 45	1	–		342,500		342,500
Total	15	4	$	2,580,529	$	2,619,630

*Fund proceeds from disposition does not include $100, $16,549 and $22,452,  which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29,

Schedule of accordingly, the current financial results available for the Operating Partnerships

Accordingly, the current financial results available for the Operating Partnerships are for the six months ended June 30, 2019.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

	2019		2018
Revenues
Rental	$	17,098,171	$	22,343,323
Interest and other		414,231		663,683
		17,512,402		23,007,006
Expenses
Interest		2,779,787		3,644,356
Depreciation and amortization		4,213,607		5,775,862
Operating expenses		12,566,968		16,122,850
		19,560,362		25,543,068
NET LOSS	$	(2,047,960)	$	(2,536,062)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(2,027,484)	$	(2,510,699)
Net loss allocated to other  Partners	$	(20,476)	$	(25,363)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 20

	2019		2018
Revenues
Rental	$	–	$	139,480
Interest and other		–		9,921
		–		149,401
Expenses
Interest		–		11,732
Depreciation and amortization		–		28,416
Operating expenses		–		124,517
		–		164,665
NET LOSS	$	–	$	(15,264)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	(15,111)
Net loss allocated to other  Partners	$	–	$	(153)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 21

	2019		2018
Revenues
Rental	$	–	$	–
Interest and other		–		–
		–		–
Expenses
Interest		–		–
Depreciation and amortization		–		–
Operating expenses		–		–
		–		–
NET LOSS	$	–	$	–
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	–
Net loss allocated to other  Partners	$	–	$	–

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 22

	2019		2018
Revenues
Rental	$	-	$	255,007
Interest and other		–		6,424
		–		261,431
Expenses
Interest		–		21,753
Depreciation and amortization		–		54,539
Operating expenses		–		215,777
		–		292,069
NET LOSS	$	–	$	(30,638)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	(30,332)
Net loss allocated to other Partners	$	–	$	(306)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 23

	2019		2018
Revenues
Rental	$	-	$	204,371
Interest and other		–		8,421
		–		212,792
Expenses
Interest		–		14,889
Depreciation and amortization		–		45,095
Operating expenses		–		169,287
		–		229,271
NET LOSS	$	–	$	(16,479)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	(16,314)
Net loss allocated to other  Partners	$	–	$	(165)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 24

	2019		2018
Revenues
Rental	$	422,317	$	428,402
Interest and other		19,531		13,733
		441,848		442,135
Expenses
Interest		36,469		34,789
Depreciation and amortization		118,903		121,938
Operating expenses		354,705		342,441
		510,077		499,168
NET LOSS	$	(68,229)	$	(57,033)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(67,547)	$	(56,463)
Net loss allocated to other  Partners	$	(682)	$	(570)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 25

	2019		2018
Revenues
Rental	$	–	$	–
Interest and other		–		–
		–		–
Expenses
Interest		–		–
Depreciation and amortization		–		–
Operating expenses		–		–
		–		–
NET LOSS	$	–	$	–
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	–	$	–
Net loss allocated to other  Partners	$	–	$	–

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 26

	2019		2018
Revenues
Rental	$	605,212	$	637,353
Interest and other		9,506		7,655
		614,718		645,008
Expenses
Interest		106,883		111,673
Depreciation and amortization		157,288		155,406
Operating expenses		569,196		536,826
		833,367		803,905
NET LOSS	$	(218,649)	$	(158,897)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(216,463)	$	(157,308)
Net loss allocated to other  Partners	$	(2,186)	$	(1,589)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 27

	2019		2018
Revenues
Rental	$	211,201	$	330,303
Interest and other		125		6,495
		211,326		336,798
Expenses
Interest		6,529		16,620
Depreciation and amortization		67,956		88,925
Operating expenses		210,794		275,358
		285,279		380,903
NET LOSS	$	(73,953)	$	(44,105)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(73,213)	$	(43,664)
Net loss allocated to other  Partners	$	(740)	$	(441)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 28

	2019		2018
Revenues
Rental	$	263,303	$	411,179
Interest and other		8,837		22,570
		272,140		433,749
Expenses
Interest		64,522		66,567
Depreciation and amortization		69,046		91,762
Operating expenses		209,346		340,875
		342,914		499,204
NET LOSS	$	(70,774)	$	(65,455)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(70,068)	$	(64,800)
Net loss allocated to other  Partners	$	(706)	$	(655)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 29

	2019		2018
Revenues
Rental	$	464,228	$	543,919
Interest and other		43,983		21,495
		508,211		565,414
Expenses
Interest		79,653		106,247
Depreciation and amortization		92,325		114,458
Operating expenses		421,661		459,302
		593,639		680,007
NET LOSS	$	(85,428)	$	(114,593)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(84,574)	$	(113,447)
Net loss allocated to other  Partners	$	(854)	$	(1,146)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 30

	2019		2018
Revenues
Rental	$	—	$	322,299
Interest and other		—		7,537
		—		329,836
Expenses
Interest		—		34,088
Depreciation and amortization		—		76,907
Operating expenses		—		261,993
		—		372,988
NET LOSS	$	—	$	(43,152)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	(42,720)
Net loss allocated to other  Partners	$	—	$	(432)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 31

	2019		2018
Revenues
Rental	$	—	$	563,108
Interest and other		—		21,066
		—		584,174
Expenses
Interest		—		41,564
Depreciation and amortization		—		209,468
Operating expenses		—		563,223
		—		814,255
NET LOSS	$	—	$	(230,081)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	(227,780)
Net loss allocated to other  Partners	$	—	$	(2,301)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 32

	2019		2018
Revenues
Rental	$	761,862	$	770,495
Interest and other		13,701		11,472
		775,563		781,967
Expenses
Interest		125,371		128,444
Depreciation and amortization		219,045		219,165
Operating expenses		613,804		641,294
		958,220		988,903
NET LOSS	$	(182,657)	$	(206,936)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(180,830)	$	(204,867)
Net loss allocated to other  Partners	$	(1,827)	$	(2,069)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 33

	2019		2018
Revenues
Rental	$	416,301	$	632,934
Interest and other		13,138		23,019
		429,439		655,953
Expenses
Interest		79,953		101,675
Depreciation and amortization		100,726		139,535
Operating expenses		307,186		465,670
		487,865		706,880
NET LOSS	$	(58,426)	$	(50,927)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(57,842)	$	(50,418)
Net loss allocated to other  Partners	$	(584)	$	(509)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 34

	2019		2018
Revenues
Rental	$	408,120	$	495,011
Interest and other		15,105		25,201
		423,225		520,212
Expenses
Interest		54,704		57,916
Depreciation and amortization		106,772		137,095
Operating expenses		362,170		370,981
		523,646		565,992
NET LOSS	$	(100,421)	$	(45,780)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(99,417)	$	(45,322)
Net loss allocated to other  Partners	$	(1,004)	$	(458)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 35

	2019		2018
Revenues
Rental	$	404,488	$	504,934
Interest and other		2,157		28,304
		406,645		533,238
Expenses
Interest		58,450		83,244
Depreciation and amortization		131,653		161,156
Operating expenses		218,081		303,777
		408,184		548,177
NET LOSS	$	(1,539)	$	(14,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(1,524)	$	(14,790)
Net loss allocated to other  Partners	$	(15)	$	(149)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 36

	2019		2018
Revenues
Rental	$	88,773	$	284,874
Interest and other		810		5,290
		89,583		290,164
Expenses
Interest		21,196		52,992
Depreciation and amortization		27,363		70,217
Operating expenses		85,948		208,729
		134,507		331,938
NET LOSS	$	(44,924)	$	(41,774)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(44,475)	$	(41,356)
Net loss allocated to other  Partners	$	(449)	$	(418)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 37

	2019		2018
Revenues
Rental	$	—	$	–
Interest and other		—		–
		—		–
Expenses
Interest		—		–
Depreciation and amortization		—		–
Operating expenses		—		–
		—		–
NET LOSS	$	—	$	–
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	–
Net loss allocated to other  Partners	$	—	$	–

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 38

	2019		2018
Revenues
Rental	$	115,212	$	810,726
Interest and other		887		16,373
		116,099		827,099
Expenses
Interest		13,168		111,239
Depreciation and amortization		27,635		155,514
Operating expenses		99,031		564,808
		139,834		831,561
NET LOSS	$	(23,735)	$	(4,462)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(23,498)	$	(4,417)
Net loss allocated to other  Partners	$	(237)	$	(45)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 39

	2019		2018
Revenues
Rental	$	—	$	—
Interest and other		—		—
		—		—
Expenses
Interest		—		—
Depreciation and amortization		—		—
Operating expenses		—		—
		—		—
NET LOSS	$	—	$	—
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	—	$	—
Net loss allocated to other  Partners	$	—	$	—

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 40

	2019		2018
Revenues
Rental	$	486,308	$	1,017,456
Interest and other		9,251		26,894
		495,559		1,044,350
Expenses
Interest		80,247		189,214
Depreciation and amortization		122,649		276,150
Operating expenses		362,884		794,063
		565,780		1,259,427
NET LOSS	$	(70,221)	$	(215,077)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(69,519)	$	(212,926)
Net loss allocated to other  Partners	$	(702)	$	(2,151)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 41

	2019		2018
Revenues
Rental	$	1,780,047	$	1,815,549
Interest and other		31,950		29,661
		1,811,997		1,845,210
Expenses
Interest		283,344		340,027
Depreciation and amortization		368,462		384,753
Operating expenses		1,294,393		1,223,663
		1,946,199		1,948,443
NET LOSS	$	(134,202)	$	(103,233)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(132,860)	$	(102,201)
Net loss allocated to other  Partners	$	(1,342)	$	(1,032)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 42

	2019		2018
Revenues
Rental	$	1,131,169	$	1,196,029
Interest and other		42,952		47,542
		1,174,121		1,243,571
Expenses
Interest		217,395		242,115
Depreciation and amortization		323,583		362,541
Operating expenses		851,969		876,593
		1,392,947		1,481,249
NET LOSS	$	(218,826)	$	(237,678)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(216,638)	$	(235,301)
Net loss allocated to other  Partners	$	(2,188)	$	(2,377)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 43

	2019		2018
Revenues
Rental	$	1,312,145	$	2,093,498
Interest and other		36,262		90,363
		1,348,407		2,183,861
Expenses
Interest		113,547		256,666
Depreciation and amortization		372,693		695,187
Operating expenses		1,068,124		1,576,475
		1,554,364		2,528,328
NET LOSS	$	(205,957)	$	(344,467)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(203,897)	$	(341,022)
Net loss allocated to other  Partners	$	(2,060)	$	(3,445)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 44

	2019		2018
Revenues
Rental	$	2,449,364	$	2,981,014
Interest and other		51,200		81,854
		2,500,564		3,062,868
Expenses
Interest		553,571		695,577
Depreciation and amortization		513,484		676,174
Operating expenses		1,447,637		1,711,083
		2,514,692		3,082,834
NET LOSS	$	(14,128)	$	(19,966)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(13,987)	$	(19,766)
Net loss allocated to other Partners	$	(141)	$	(200)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 45

	2019		2018
Revenues
Rental	$	3,290,532	$	3,545,117
Interest and other		76,870		80,792
		3,367,402		3,625,909
Expenses
Interest		404,349		455,418
Depreciation and amortization		826,542		944,459
Operating expenses		2,560,676		2,613,391
		3,791,567		4,013,268
NET LOSS	$	(424,165)	$	(387,359)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(419,923)	$	(383,485)
Net loss allocated to other  Partners	$	(4,242)	$	(3,874)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS

Six Months Ended June 30,

(Unaudited)

Series 46

	2019		2018
Revenues
Rental	$	2,487,589	$	2,360,265
Interest and other		37,966		71,601
		2,525,555		2,431,866
Expenses
Interest		480,436		469,907
Depreciation and amortization		567,482		567,002
Operating expenses		1,529,363		1,482,724
		2,577,281		2,519,633
NET LOSS	$	(51,726)	$	(87,767)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$	(51,209)	$	(86,889)
Net loss allocated to other  Partners	$	(517)	$	(878)

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income

XML

INCOME TAXES

6 Months Ended

Sep. 30, 2019

INCOME TAXES

INCOME TAXES

NOTE F - INCOME TAXES

The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2015 remain open.