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 December 31, 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 DECEMBER 31, 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)			88-143
		Condensed Statements of Cash Flows			144-171
		Notes to Condensed Financial Statements			172-207
	Item 2. Management's Discussion and Analysis of          Financial Condition and Results of Operations			208-252
	Item 3. Quantitative and Qualitative Disclosures About         Market Risk			253
	Item 4. Controls and Procedures			253
PART II OTHER INFORMATION
	Item 1. Legal Proceedings			254
	Item 1A. Risk Factors			254
	Item 2. Unregistered Sales of Equity Securities and         Use of Proceeds			254
	Item 3. Defaults Upon Senior Securities			254
	Item 4. Mine Safety Disclosures			254
	Item 5. Other Information			254
	Item 6. Exhibits			254
	Signatures			255

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		10,221,514		22,926,529
Other assets		38,912		40,088
	$	10,260,426	$	22,966,617
LIABILITIES
Accounts payable and accrued expenses	$	547,423	$	550,316
Accounts payable affiliates (Note C)		16,109,004		19,302,918
Capital contributions payable		17,763		44,094
		16,674,190		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 December 31, 2019 and March 31, 2019.		(5,963,020)		3,656,782
General Partner		(450,744)		(587,493)
		(6,413,764)		3,069,289
	$	10,260,426	$	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

		December 31, 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 December 31, 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

		December 31, 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 December 31, 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

		December 31, 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 December 31, 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

		December 31, 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 December 31, 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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		402,018
Other assets		-		-
	$	-	$	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 December 31, 2019 and March 31, 2019.		173,404		577,250
General Partner		(173,404)		(175,232)
		-		402,018
	$	-	$	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

		December 31, 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 December 31, 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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		587,787		554,439
Other assets		-		-
	$	587,787	$	554,439
LIABILITIES
Accounts payable and accrued expenses	$	2,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		2,500		-
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 December 31, 2019 and March 31, 2019.		897,777		867,237
General Partner		(312,490)		(312,798)
		585,287		554,439
	$	587,787	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		6,500,234
Other assets		-		-
	$	-	$	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 December 31, 2019 and March 31, 2019.		133,264		6,641,679
General Partner		(133,264)		(141,445)
		-		6,500,234
	$	-	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		699,710		690,605
Other assets		23,824		-
	$	723,534	$	690,605
LIABILITIES
Accounts payable and accrued expenses	$	12,000	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		12,000		-
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 December 31, 2019 and March 31, 2019.		986,256		965,536
General Partner		(274,722)		(274,931)
		711,534		690,605
	$	723,534	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		161,384		196,944
Other assets		-		-
	$	161,384	$	196,944
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		3,098,615		3,076,835
Capital contributions payable		785		785
		3,099,400		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 December 31, 2019 and March 31, 2019.		(2,569,989)		(2,513,222)
General Partner		(368,027)		(367,454)
		(2,938,016)		(2,880,676)
	$	161,384	$	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

		December 31, 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 December 31, 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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		1,953,570
Other assets		-		25,000
	$	-	$	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 December 31, 2019 and March 31, 2019.		353,529		2,313,293
General Partner		(353,529)		(359,723)
		-		1,953,570
	$	-	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		356,939		272,226
Other assets		-		-
	$	356,939	$	272,226
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		226,700		218,525
Capital contributions payable		-		1,229
		226,700		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 December 31, 2019 and March 31, 2019.		535,300		458,311
General Partner		(405,061)		(405,839)
		130,239		52,472
	$	356,939	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		571,893		236,612
Other assets		-		-
	$	571,893	$	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 December 31, 2019 and March 31, 2019.		791,954		(628,268)
General Partner		(220,061)		(234,407)
		571,893		(862,675)
	$	571,893	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		442,131		178,285
Other assets		-		-
	$	442,131	$	178,285
LIABILITIES
Accounts payable and accrued expenses	$	4,500	$	-
Accounts payable affiliates (Note C)		2,723,447		2,689,830
Capital contributions payable		-		-
		2,727,947		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 December 31, 2019 and March 31, 2019.		(1,962,568)		(2,186,040)
General Partner		(323,248)		(325,505)
		(2,285,816)		(2,511,545)
	$	442,131	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		4,395,774
Other assets		-		-
	$	-	$	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 December 31, 2019 and March 31, 2019.		223,088		4,633,841
General Partner		(223,088)		(238,067)
		-		4,395,774
	$	-	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		2,541,359
Other assets		-		-
	$	-	$	2,541,359
LIABILITIES
Accounts payable and accrued expenses	$	-	$	24,706
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		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 December 31, 2019 and March 31, 2019.		148,221		2,670,150
General Partner		(148,221)		(153,497)
		-		2,516,653
	$	-	$	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

		December 31, 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 December 31, 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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		1,499,106
Other assets		-		-
	$	-	$	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 December 31, 2019 and March 31, 2019.		188,889		1,702,399
General Partner		(188,889)		(203,293)
		-		1,499,106
	$	-	$	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

		December 31, 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 December 31, 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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		193,344
Other assets		-		-
	$	-	$	193,344
LIABILITIES
Accounts payable and accrued expenses	$	-	$	9,500
Accounts payable affiliates (Note C)		-		2,224,213
Capital contributions payable		-		102
		-		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 December 31, 2019 and March 31, 2019.		216,900		(1,795,123)
General Partner		(216,900)		(245,348)
		-		(2,040,471)
	$	-	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		274,846		246,214
Other assets		-		-
	$	274,846	$	246,214
LIABILITIES
Accounts payable and accrued expenses	$	1,250	$	-
Accounts payable affiliates (Note C)		2,615,840		2,513,609
Capital contributions payable		-		-
		2,617,090		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 December 31, 2019 and March 31, 2019.		(2,069,654)		(1,995,553)
General Partner		(272,590)		(271,842)
		(2,342,244)		(2,267,395)
	$	274,846	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,611,469		1,300,483
Other assets		11,300		11,300
	$	1,622,769	$	1,311,783
LIABILITIES
Accounts payable and accrued expenses	$	7,000	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		254		254
		7,254		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 December 31, 2019 and March 31, 2019.		1,840,297		1,539,351
General Partner		(224,782)		(227,822)
		1,615,515		1,311,529
	$	1,622,769	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,431,916		414,540
Other assets		-		-
	$	1,431,916	$	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 December 31, 2019 and March 31, 2019.		1,739,118		565,339
General Partner		(307,202)		(319,058)
		1,431,916		246,281
	$	1,431,916	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		2,809,920		113,020
Other assets		-		-
	$	2,809,920	$	113,020
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,989,038		3,076,825
Capital contributions payable		-		-
		2,989,038		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 December 31, 2019 and March 31, 2019.		60,121		(2,696,719)
General Partner		(239,239)		(267,086)
		(179,118)		(2,963,805)
	$	2,809,920	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		901,780		916,581
Other assets		-		-
	$	901,780	$	916,581
LIABILITIES
Accounts payable and accrued expenses	$	520,173	$	516,110
Accounts payable affiliates (Note C)		2,397,281		2,334,349
Capital contributions payable		16,724		16,724
		2,934,178		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 December 31, 2019 and March 31, 2019.		(1,658,412)		(1,577,434)
General Partner		(373,986)		(373,168)
		(2,032,398)		(1,950,602)
	$	901,780	$	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

		December 31, 2019		March 31, 2019
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		371,739		321,175
Other assets		3,788		3,788
	$	375,527	$	324,963
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,058,083		1,901,186
Capital contributions payable		-		-
		2,058,083		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 December 31, 2019 and March 31, 2019.		(1,402,989)		(1,297,719)
General Partner		(279,567)		(278,504)
		(1,682,556)		(1,576,223)
	$	375,527	$	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 December 31,
(Unaudited)

		2019		2018
Income
Interest income	$	89,644	$	60,657
Other income		14,121		35,136
		103,765		95,793
Gain on disposition of Operating Partnerships (Note D)		3,289,789		467,156
Expenses
Professional fees		36,645		70,561
Fund management fee, net (Note C)		287,360		376,113
General and administrative expenses		475,661		303,067
		799,666		749,741
NET INCOME (LOSS)	$	2,593,888	$	(186,792)
Net income (loss) allocated to  assignees	$	2,567,946	$	(184,925)
Net income (loss) allocated to general partner	$	25,942	$	(1,867)
Net income (loss) per BAC	$	.03	$	(.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 December 31,
(Unaudited)

Series 20

		2019		2018
Income
Interest income	$	-	$	361
Other income		-		-
		-		361
Gain on disposition of Operating Partnerships (Note D)		-		42,000
Expenses
Professional fees		-		2,831
Fund management fee, net (Note C)		-		2,549
General and administrative expenses		-		36,709
		-		42,089
NET INCOME (LOSS)	$	-	$	272
Net income (loss) allocated to  assignees	$	-	$	269
Net income (loss) allocated to general partner	$	-	$	3
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 December 31,
(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 December 31,
(Unaudited)

Series 22

		2019		2018
Income
Interest income	$	-	$	455
Other income		-		-
		-		455
Gain on disposition of Operating Partnerships (Note D)		-		38,000
Expenses
Professional fees		-		2,406
Fund management fee, net (Note C)		-		6,426
General and administrative expenses		-		35,675
		-		44,507
NET INCOME (LOSS)	$	-	$	(6,052)
Net income (loss) allocated to  assignees	$	-	$	(5,992)
Net income (loss) allocated to general partner	$	-	$	(60)
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 December 31,
(Unaudited)

Series 23

		2019		2018
Income
Interest income	$	-	$	489
Other income		-		-
		-		489
Gain on disposition of Operating Partnerships (Note D)		-		43,500
Expenses
Professional fees		-		2,731
Fund management fee, net (Note C)		-		5,556
General and administrative expenses		-		37,264
		-		45,551
NET INCOME (LOSS)	$	-	$	(1,562)
Net income (loss) allocated to  assignees	$	-	$	(1,546)
Net income (loss) allocated to general partner	$	-	$	(16)
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 December 31,
(Unaudited)

Series 24

		2019		2018
Income
Interest income	$	1,037	$	705
Other income		-		-
		1,037		705
Gain on disposition of Operating Partnerships (Note D)		278,516		23,678
Expenses
Professional fees		1,181		1,513
Fund management fee, net (Note C)		7,799		9,927
General and administrative expenses		47,951		5,151
		56,931		16,591
NET INCOME (LOSS)	$	222,622	$	7,792
Net income (loss) allocated to  assignees	$	220,396	$	7,714
Net income (loss) allocated to general partner	$	2,226	$	78
Net income (loss) per BAC	$	.10	$	.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 December 31,
(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 December 31,
(Unaudited)

Series 26

		2019		2018
Income
Interest income	$	3,178	$	1,168
Other income		-		-
		3,178		1,168
Gain on disposition of Operating Partnerships (Note D)		109,433		-
Expenses
Professional fees		1,181		2,166
Fund management fee, net (Note C)		13,317		13,938
General and administrative expenses		11,097		7,465
		25,595		23,569
NET INCOME (LOSS)	$	87,016	$	(22,401)
Net income (loss) allocated to  assignees	$	86,146	$	(22,177)
Net income (loss) allocated to general partner	$	870	$	(224)
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 December 31,
(Unaudited)

Series 27

		2019		2018
Income
Interest income	$	14,817	$	17,986
Other income		-		-
		14,817		17,986
Gain on disposition of Operating Partnerships (Note D)		79,844		-
Expenses
Professional fees		1,459		2,081
Fund management fee, net (Note C)		5,730		(2,365)
General and administrative expenses		70,185		5,063
		77,374		4,779
NET INCOME (LOSS)	$	17,287	$	13,207
Net income (loss) allocated to  assignees	$	17,114	$	13,075
Net income (loss) allocated to general partner	$	173	$	132
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 December 31,
(Unaudited)

Series 28

		2019		2018
Income
Interest income	$	1,920	$	1,235
Other income		-		-
		1,920		1,235
Gain on disposition of Operating Partnerships (Note D)		66,148		-
Expenses
Professional fees		1,181		2,003
Fund management fee, net (Note C)		5,520		7,296
General and administrative expenses		9,975		6,539
		16,676		15,838
NET INCOME (LOSS)	$	51,392	$	(14,603)
Net income (loss) allocated to  assignees	$	50,878	$	(14,457)
Net income (loss) allocated to general partner	$	514	$	(146)
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 December 31,
(Unaudited)

Series 29

		2019		2018
Income
Interest income	$	1,190	$	1,106
Other income		-		-
		1,190		1,106
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		1,181		2,123
Fund management fee, net (Note C)		4,260		4,261
General and administrative expenses		10,948		6,940
		16,389		13,324
NET INCOME (LOSS)	$	(15,199)	$	(12,218)
Net income (loss) allocated to  assignees	$	(15,047)	$	(12,096)
Net income (loss) allocated to general partner	$	(152)	$	(122)
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 December 31,
(Unaudited)

Series 30

		2019		2018
Income
Interest income	$	-	$	681
Other income		-		-
		-		681
Gain on disposition of Operating Partnerships (Note D)		-		153,627
Expenses
Professional fees		-		2,221
Fund management fee, net (Note C)		-		5,668
General and administrative expenses		-		38,432
		-		46,321
NET INCOME (LOSS)	$	-	$	107,987
Net income (loss) allocated to  assignees	$	-	$	106,907
Net income (loss) allocated to general partner	$	-	$	1,080
Net income (loss) per BAC	$	-	$	.04

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 December 31,
(Unaudited)

Series 31

		2019		2018
Income
Interest income	$	7,499	$	5,442
Other income		-		-
		7,499		5,442
Gain on disposition of Operating Partnerships (Note D)		900		36,342
Expenses
Professional fees		1,181		6,927
Fund management fee, net (Note C)		(6,531)		16,065
General and administrative expenses		49,288		6,778
		43,938		29,770
NET INCOME (LOSS)	$	(35,539)	$	12,014
Net income (loss) allocated to  assignees	$	(35,184)	$	11,894
Net income (loss) allocated to general partner	$	(355)	$	120
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 December 31,
(Unaudited)

Series 32

		2019		2018
Income
Interest income	$	1,541	$	86
Other income		-		-
		1,541		86
Gain on disposition of Operating Partnerships (Note D)		159,553		-
Expenses
Professional fees		1,181		7,049
Fund management fee, net (Note C)		19,795		18,294
General and administrative expenses		10,962		7,159
		31,938		32,502
NET INCOME (LOSS)	$	129,156	$	(32,416)
Net income (loss) allocated to  assignees	$	127,864	$	(32,092)
Net income (loss) allocated to general partner	$	1,292	$	(324)
Net income (loss) per BAC	$	.03	$	(.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 December 31,

(Unaudited)

Series 33

		2019		2018
Income
Interest income	$	2,594	$	980
Other income		-		-
		2,594		980
Gain on disposition of Operating Partnerships (Note D)		26,962		-
Expenses
Professional fees		1,181		1,484
Fund management fee, net (Note C)		9,777		9,318
General and administrative expenses		7,130		4,899
		18,088		15,701
NET INCOME (LOSS)	$	11,468	$	(14,721)
Net income (loss) allocated to  assignees	$	11,353	$	(14,574)
Net income (loss) allocated to general partner	$	115	$	(147)
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 December 31,
(Unaudited)

Series 34

		2019		2018
Income
Interest income	$	2,533	$	850
Other income		-		-
		2,533		850
Gain on disposition of Operating Partnerships (Note D)		27,000		-
Expenses
Professional fees		1,181		1,783
Fund management fee, net (Note C)		9,756		12,365
General and administrative expenses		8,938		5,924
		19,875		20,072
NET INCOME (LOSS)	$	9,658	$	(19,222)
Net income (loss) allocated to  assignees	$	9,562	$	(19,029)
Net income (loss) allocated to general partner	$	96	$	(193)
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 December 31,
(Unaudited)

Series 35

		2019		2018
Income
Interest income	$	8,309	$	9,216
Other income		-		-
		8,309		9,216
Gain on disposition of Operating Partnerships (Note D)		1,414,642		-
Expenses
Professional fees		1,835		6,668
Fund management fee, net (Note C)		8,235		4,053
General and administrative expenses		47,764		5,571
		57,834		16,292
NET INCOME (LOSS)	$	1,365,117	$	(7,076)
Net income (loss) allocated to  assignees	$	1,351,466	$	(7,005)
Net income (loss) allocated to general partner	$	13,651	$	(71)
Net income (loss) per BAC	$	.41	$	(.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 December 31,
(Unaudited)

Series 36

		2019		2018
Income
Interest income	$	5,977	$	6,084
Other income		-		-
		5,977		6,084
Gain on disposition of Operating Partnerships (Note D)		105,658		9,941
Expenses
Professional fees		1,181		11,756
Fund management fee, net (Note C)		2,739		1,775
General and administrative expenses		45,349		4,333
		49,269		17,864
NET INCOME (LOSS)	$	62,366	$	(1,839)
Net income (loss) allocated to  assignees	$	61,743	$	(1,821)
Net income (loss) allocated to general partner	$	623	$	(18)
Net income (loss) per BAC	$	.03	$	(.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 December 31,
(Unaudited)

Series 37

		2019		2018
Income
Interest income	$	-	$	258
Other income		-		-
		-		258
Gain on disposition of Operating Partnerships (Note D)		-		41,726
Expenses
Professional fees		-		2,085
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		38,358
		-		40,443
NET INCOME (LOSS)	$	-	$	1,541
Net income (loss) allocated to  assignees	$	-	$	1,526
Net income (loss) allocated to general partner	$	-	$	15
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 December 31,
(Unaudited)

Series 38

		2019		2018
Income
Interest income	$	6,829	$	817
Other income		-		20,202
		6,829		21,019
Gain on disposition of Operating Partnerships (Note D)		42,783		-
Expenses
Professional fees		1,181		1,459
Fund management fee, net (Note C)		2,742		10,581
General and administrative expenses		47,372		4,819
		51,295		16,859
NET INCOME (LOSS)	$	(1,683)	$	4,160
Net income (loss) allocated to  assignees	$	(1,667)	$	4,118
Net income (loss) allocated to general partner	$	(16)	$	42
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 December 31,
(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 December 31,
(Unaudited)

Series 40

		2019		2018
Income
Interest income	$	1,717	$	977
Other income		-		-
		1,717		977
Gain on disposition of Operating Partnerships (Note D)		408,469		-
Expenses
Professional fees		1,181		1,390
Fund management fee, net (Note C)		11,828		23,390
General and administrative expenses		52,846		5,346
		65,855		30,126
NET INCOME (LOSS)	$	344,331	$	(29,149)
Net income (loss) allocated to  assignees	$	340,887	$	(28,858)
Net income (loss) allocated to general partner	$	3,444	$	(291)
Net income (loss) per BAC	$	.13	$	(.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 December 31,
(Unaudited)

Series 41

		2019		2018
Income
Interest income	$	1,653	$	1,165
Other income		-		-
		1,653		1,165
Gain on disposition of Operating Partnerships (Note D)		1,250		-
Expenses
Professional fees		1,181		1,620
Fund management fee, net (Note C)		34,077		32,161
General and administrative expenses		8,797		6,208
		44,055		39,989
NET INCOME (LOSS)	$	(41,152)	$	(38,824)
Net income (loss) allocated to  assignees	$	(40,741)	$	(38,436)
Net income (loss) allocated to general partner	$	(411)	$	(388)
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 December 31,
(Unaudited)

Series 42

		2019		2018
Income
Interest income	$	5,478	$	4,775
Other income		13,734		13,734
		19,212		18,509
Gain on disposition of Operating Partnerships (Note D)		381,658		11,822
Expenses
Professional fees		6,409		1,499
Fund management fee, net (Note C)		23,690		23,431
General and administrative expenses		7,926		5,829
		38,025		30,759
NET INCOME (LOSS)	$	362,845	$	(428)
Net income (loss) allocated to  assignees	$	359,216	$	(424)
Net income (loss) allocated to general partner	$	3,629	$	(4)
Net income (loss) per BAC	$	.13	$	(.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 December 31,
(Unaudited)

Series 43

		2019		2018
Income
Interest income	$	7,367	$	1,434
Other income		-		-
		7,367		1,434
Gain on disposition of Operating Partnerships (Note D)		21,923		66,520
Expenses
Professional fees		1,181		1,758
Fund management fee, net (Note C)		19,392		5,532
General and administrative expenses		9,912		7,335
		30,485		14,625
NET INCOME (LOSS)	$	(1,195)	$	53,329
Net income (loss) allocated to  assignees	$	(1,183)	$	52,796
Net income (loss) allocated to general partner	$	(12)	$	533
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 December 31,
(Unaudited)

Series 44

		2019		2018
Income
Interest income	$	9,849	$	196
Other income		-		813
		9,849		1,009
Gain on disposition of Operating Partnerships (Note D)		64,602		-
Expenses
Professional fees		1,181		1,523
Fund management fee, net (Note C)		43,979		53,683
General and administrative expenses		7,751		5,540
		52,911		60,746
NET INCOME (LOSS)	$	21,540	$	(59,737)
Net income (loss) allocated to  assignees	$	21,324	$	(59,139)
Net income (loss) allocated to general partner	$	216	$	(598)
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
Three Months Ended December 31,
(Unaudited)

Series 45

		2019		2018
Income
Interest income	$	3,564	$	2,877
Other income		387		387
		3,951		3,264
Gain on disposition of Operating Partnerships (Note D)		100,448		-
Expenses
Professional fees		5,826		1,878
Fund management fee, net (Note C)		51,232		62,910
General and administrative expenses		12,017		9,007
		69,075		73,795
NET INCOME (LOSS)	$	35,324	$	(70,531)
Net income (loss) allocated to  assignees	$	34,971	$	(69,826)
Net income (loss) allocated to general partner	$	353	$	(705)
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
Three Months Ended December 31,
(Unaudited)

Series 46

		2019		2018
Income
Interest income	$	2,592	$	1,314
Other income		-		-
		2,592		1,314
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		4,582		1,607
Fund management fee, net (Note C)		20,023		49,299
General and administrative expenses		9,453		6,723
		34,058		57,629
NET INCOME (LOSS)	$	(31,466)	$	(56,315)
Net income (loss) allocated to  assignees	$	(31,152)	$	(55,752)
Net income (loss) allocated to general partner	$	(314)	$	(563)
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
Nine Months Ended December 31,
(Unaudited)

		2019		2018
Income
Interest income	$	247,584	$	163,651
Other income		226,241		292,224
		473,825		455,875
Gain on disposition of Operating Partnerships (Note D)		15,140,452		3,086,786
Expenses
Professional fees		364,341		497,467
Fund management fee, net (Note C)		873,135		1,192,744
General and administrative expenses		702,000		547,591
		1,939,476		2,237,802
NET INCOME (LOSS)	$	13,674,801	$	1,304,859
Net income (loss) allocated to  assignees	$	13,538,052	$	1,291,810
Net income (loss) allocated to general partner	$	136,749	$	13,049
Net income (loss) per BAC	$	.16	$	.02

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 20

		2019		2018
Income
Interest income	$	-	$	1,340
Other income		-		-
		-		1,340
Gain on disposition of Operating Partnerships (Note D)		-		197,337
Expenses
Professional fees		-		14,501
Fund management fee, net (Note C)		-		7,369
General and administrative expenses		-		47,828
		-		69,698
NET INCOME (LOSS)	$	-	$	128,979
Net income (loss) allocated to  assignees	$	-	$	127,689
Net income (loss) allocated to general partner	$	-	$	1,290
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
Nine Months Ended December 31,
(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
Nine Months Ended December 31,
(Unaudited)

Series 22

		2019		2018
Income
Interest income	$	-	$	1,579
Other income		-		-
		-		1,579
Gain on disposition of Operating Partnerships (Note D)		-		38,000
Expenses
Professional fees		-		13,451
Fund management fee, net (Note C)		-		18,778
General and administrative expenses		-		45,494
		-		77,723
NET INCOME (LOSS)	$	-	$	(38,144)
Net income (loss) allocated to  assignees	$	-	$	(37,763)
Net income (loss) allocated to general partner	$	-	$	(381)
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
Nine Months Ended December 31,
(Unaudited)

Series 23

		2019		2018
Income
Interest income	$	-	$	2,045
Other income		-		3,955
		-		6,000
Gain on disposition of Operating Partnerships (Note D)		-		43,500
Expenses
Professional fees		-		15,332
Fund management fee, net (Note C)		-		13,062
General and administrative expenses		-		48,108
		-		76,502
NET INCOME (LOSS)	$	-	$	(27,002)
Net income (loss) allocated to  assignees	$	-	$	(26,732)
Net income (loss) allocated to general partner	$	-	$	(270)
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
Nine Months Ended December 31,
(Unaudited)

Series 24

		2019		2018
Income
Interest income	$	2,719	$	1,826
Other income		1,680		582
		4,399		2,408
Gain on disposition of Operating Partnerships (Note D)		278,516		23,678
Expenses
Professional fees		15,614		15,254
Fund management fee, net (Note C)		26,041		30,282
General and administrative expenses		58,465		14,432
		100,120		59,968
NET INCOME (LOSS)	$	182,795	$	(33,882)
Net income (loss) allocated to  assignees	$	180,967	$	(33,543)
Net income (loss) allocated to general partner	$	1,828	$	(339)
Net income (loss) per BAC	$	.08	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(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
Nine Months Ended December 31,
(Unaudited)

Series 26

		2019		2018
Income
Interest income	$	5,615	$	3,115
Other income		420		420
		6,035		3,535
Gain on disposition of Operating Partnerships (Note D)		109,433		10,500
Expenses
Professional fees		18,155		22,612
Fund management fee, net (Note C)		40,193		42,485
General and administrative expenses		26,272		18,890
		84,620		83,987
NET INCOME (LOSS)	$	30,848	$	(69,952)
Net income (loss) allocated to  assignees	$	30,540	$	(69,252)
Net income (loss) allocated to general partner	$	308	$	(700)
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
Nine Months Ended December 31,
(Unaudited)

Series 27

		2019		2018
Income
Interest income	$	54,890	$	44,222
Other income		15,472		1,366
		70,362		45,588
Gain on disposition of Operating Partnerships (Note D)		856,766		-
Expenses
Professional fees		13,626		16,741
Fund management fee, net (Note C)		14,620		10,525
General and administrative expenses		80,756		14,511
		109,002		41,777
NET INCOME (LOSS)	$	818,126	$	3,811
Net income (loss) allocated to  assignees	$	809,945	$	3,773
Net income (loss) allocated to general partner	$	8,181	$	38
Net income (loss) per BAC	$	.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
Nine Months Ended December 31,
(Unaudited)

Series 28

		2019		2018
Income
Interest income	$	4,896	$	3,212
Other income		446		446
		5,342		3,658
Gain on disposition of Operating Partnerships (Note D)		73,248		8,500
Expenses
Professional fees		15,367		14,429
Fund management fee, net (Note C)		18,112		21,436
General and administrative expenses		24,182		17,418
		57,661		53,283
NET INCOME (LOSS)	$	20,929	$	(41,125)
Net income (loss) allocated to  assignees	$	20,720	$	(40,714)
Net income (loss) allocated to general partner	$	209	$	(411)
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
Nine Months Ended December 31,
(Unaudited)

Series 29

		2019		2018
Income
Interest income	$	2,525	$	3,313
Other income		-		-
		2,525		3,313
Gain on disposition of Operating Partnerships (Note D)		-		123,094
Expenses
Professional fees		17,633		17,244
Fund management fee, net (Note C)		18,780		26,615
General and administrative expenses		23,452		18,184
		59,865		62,043
NET INCOME (LOSS)	$	(57,340)	$	64,364
Net income (loss) allocated to  assignees	$	(56,767)	$	63,720
Net income (loss) allocated to general partner	$	(573)	$	644
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
Nine Months Ended December 31,
(Unaudited)

Series 30

		2019		2018
Income
Interest income	$	-	$	2,269
Other income		-		2,049
		-		4,318
Gain on disposition of Operating Partnerships (Note D)		-		195,182
Expenses
Professional fees		-		18,592
Fund management fee, net (Note C)		-		18,242
General and administrative expenses		-		47,855
		-		84,689
NET INCOME (LOSS)	$	-	$	114,811
Net income (loss) allocated to  assignees	$	-	$	113,663
Net income (loss) allocated to general partner	$	-	$	1,148
Net income (loss) per BAC	$	-	$	.04

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 31

		2019		2018
Income
Interest income	$	18,039	$	13,940
Other income		-		476
		18,039		14,416
Gain on disposition of Operating Partnerships (Note D)		619,800		105,794
Expenses
Professional fees		21,208		24,053
Fund management fee, net (Note C)		(66,518)		50,192
General and administrative expenses		63,777		17,848
		18,467		92,093
NET INCOME (LOSS)	$	619,372	$	28,117
Net income (loss) allocated to  assignees	$	613,178	$	27,836
Net income (loss) allocated to general partner	$	6,194	$	281
Net income (loss) per BAC	$	.14	$	.01

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 32

		2019		2018
Income
Interest income	$	3,589	$	1,697
Other income		4,320		-
		7,909		1,697
Gain on disposition of Operating Partnerships (Note D)		159,553		487,880
Expenses
Professional fees		17,495		22,552
Fund management fee, net (Note C)		46,383		60,175
General and administrative expenses		25,817		18,395
		89,695		101,122
NET INCOME (LOSS)	$	77,767	$	388,455
Net income (loss) allocated to  assignees	$	76,989	$	384,570
Net income (loss) allocated to general partner	$	778	$	3,885
Net income (loss) per BAC	$	.02	$	.08

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,

(Unaudited)

Series 33

		2019		2018
Income
Interest income	$	4,394	$	2,752
Other income		14,427		2,536
		18,821		5,288
Gain on disposition of Operating Partnerships (Note D)		1,469,594		-
Expenses
Professional fees		16,152		15,160
Fund management fee, net (Note C)		18,991		31,535
General and administrative expenses		18,704		14,004
		53,847		60,699
NET INCOME (LOSS)	$	1,434,568	$	(55,411)
Net income (loss) allocated to  assignees	$	1,420,222	$	(54,857)
Net income (loss) allocated to general partner	$	14,346	$	(554)
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
Nine Months Ended December 31,
(Unaudited)

Series 34

		2019		2018
Income
Interest income	$	3,992	$	1,984
Other income		2,100		1,539
		6,092		3,523
Gain on disposition of Operating Partnerships (Note D)		284,500		-
Expenses
Professional fees		14,045		13,519
Fund management fee, net (Note C)		30,617		32,897
General and administrative expenses		20,201		15,960
		64,863		62,376
NET INCOME (LOSS)	$	225,729	$	(58,853)
Net income (loss) allocated to  assignees	$	223,472	$	(58,264)
Net income (loss) allocated to general partner	$	2,257	$	(589)
Net income (loss) per BAC	$	.06	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 35

		2019		2018
Income
Interest income	$	34,037	$	25,453
Other income		5,963		-
		40,000		25,453
Gain on disposition of Operating Partnerships (Note D)		1,555,642		-
Expenses
Professional fees		13,305		18,579
Fund management fee, net (Note C)		25,535		18,759
General and administrative expenses		58,889		15,513
		97,729		52,851
NET INCOME (LOSS)	$	1,497,913	$	(27,398)
Net income (loss) allocated to  assignees	$	1,482,934	$	(27,124)
Net income (loss) allocated to general partner	$	14,979	$	(274)
Net income (loss) per BAC	$	.45	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 36

		2019		2018
Income
Interest income	$	26,478	$	15,772
Other income		-		5,119
		26,478		20,891
Gain on disposition of Operating Partnerships (Note D)		581,982		253,104
Expenses
Professional fees		13,973		67,005
Fund management fee, net (Note C)		10,650		13,481
General and administrative expenses		56,198		12,954
		80,821		93,440
NET INCOME (LOSS)	$	527,639	$	180,555
Net income (loss) allocated to  assignees	$	522,363	$	178,749
Net income (loss) allocated to general partner	$	5,276	$	1,806
Net income (loss) per BAC	$	.25	$	.09

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 37

		2019		2018
Income
Interest income	$	-	$	1,784
Other income		-		21,485
		-		23,269
Gain on disposition of Operating Partnerships (Note D)		-		1,062,375
Expenses
Professional fees		-		13,306
Fund management fee, net (Note C)		-		5,562
General and administrative expenses		-		50,977
		-		69,845
NET INCOME (LOSS)	$	-	$	1,015,799
Net income (loss) allocated to  assignees	$	-	$	1,005,641
Net income (loss) allocated to general partner	$	-	$	10,158
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
Nine Months Ended December 31,
(Unaudited)

Series 38

		2019		2018
Income
Interest income	$	19,192	$	5,374
Other income		5,700		70,202
		24,892		75,576
Gain on disposition of Operating Partnerships (Note D)		1,506,757		7,000
Expenses
Professional fees		14,670		13,675
Fund management fee, net (Note C)		19,065		42,396
General and administrative expenses		57,561		13,845
		91,296		69,916
NET INCOME (LOSS)	$	1,440,353	$	12,660
Net income (loss) allocated to  assignees	$	1,425,949	$	12,533
Net income (loss) allocated to general partner	$	14,404	$	127
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
Nine Months Ended December 31,
(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
Nine Months Ended December 31,
(Unaudited)

Series 40

		2019		2018
Income
Interest income	$	3,050	$	2,395
Other income		6,639		1,250
		9,689		3,645
Gain on disposition of Operating Partnerships (Note D)		2,962,474		44,500
Expenses
Professional fees		19,462		18,131
Fund management fee, net (Note C)		44,930		69,028
General and administrative expenses		62,999		14,594
		127,391		101,753
NET INCOME (LOSS)	$	2,844,772	$	(53,608)
Net income (loss) allocated to  assignees	$	2,816,324	$	(53,072)
Net income (loss) allocated to general partner	$	28,448	$	(536)
Net income (loss) per BAC	$	1.08	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 41

		2019		2018
Income
Interest income	$	3,336	$	3,242
Other income		47,364		37,141
		50,700		40,383
Gain on disposition of Operating Partnerships (Note D)		1,250		14,000
Expenses
Professional fees		20,740		25,691
Fund management fee, net (Note C)		86,372		90,022
General and administrative expenses		19,687		16,069
		126,799		131,782
NET INCOME (LOSS)	$	(74,849)	$	(77,399)
Net income (loss) allocated to  assignees	$	(74,101)	$	(76,625)
Net income (loss) allocated to general partner	$	(748)	$	(774)
Net income (loss) per BAC	$	(.03)	$	(.03)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 42

		2019		2018
Income
Interest income	$	15,076	$	11,761
Other income		23,303		20,325
		38,379		32,086
Gain on disposition of Operating Partnerships (Note D)		381,658		54,322
Expenses
Professional fees		28,275		23,325
Fund management fee, net (Note C)		69,314		56,827
General and administrative expenses		18,462		15,148
		116,051		95,300
NET INCOME (LOSS)	$	303,986	$	(8,892)
Net income (loss) allocated to  assignees	$	300,946	$	(8,803)
Net income (loss) allocated to general partner	$	3,040	$	(89)
Net income (loss) per BAC	$	.11	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 43

		2019		2018
Income
Interest income	$	15,202	$	4,730
Other income		5,862		48,808
		21,064		53,538
Gain on disposition of Operating Partnerships (Note D)		1,277,506		75,520
Expenses
Professional fees		25,852		25,094
Fund management fee, net (Note C)		65,628		78,206
General and administrative expenses		21,455		17,735
		112,935		121,035
NET INCOME (LOSS)	$	1,185,635	$	8,023
Net income (loss) allocated to  assignees	$	1,173,779	$	7,943
Net income (loss) allocated to general partner	$	11,856	$	80
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
Nine Months Ended December 31,
(Unaudited)

Series 44

		2019		2018
Income
Interest income	$	14,753	$	439
Other income		12,755		14,613
		27,508		15,052
Gain on disposition of Operating Partnerships (Note D)		2,921,325		-
Expenses
Professional fees		16,629		15,809
Fund management fee, net (Note C)		129,261		144,338
General and administrative expenses		18,256		14,879
		164,146		175,026
NET INCOME (LOSS)	$	2,784,687	$	(159,974)
Net income (loss) allocated to  assignees	$	2,756,840	$	(158,374)
Net income (loss) allocated to general partner	$	27,847	$	(1,600)
Net income (loss) per BAC	$	1.03	$	(.06)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 45

		2019		2018
Income
Interest income	$	11,017	$	6,470
Other income		31,426		26,708
		42,443		33,178
Gain on disposition of Operating Partnerships (Note D)		100,448		342,500
Expenses
Professional fees		37,725		33,169
Fund management fee, net (Note C)		160,668		167,442
General and administrative expenses		26,294		20,368
		224,687		220,979
NET INCOME (LOSS)	$	(81,796)	$	154,699
Net income (loss) allocated to  assignees	$	(80,978)	$	153,152
Net income (loss) allocated to general partner	$	(818)	$	1,547
Net income (loss) per BAC	$	(.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
Nine Months Ended December 31,
(Unaudited)

Series 46

		2019		2018
Income
Interest income	$	4,784	$	2,937
Other income		48,364		33,204
		53,148		36,141
Gain on disposition of Operating Partnerships (Note D)		-		-
Expenses
Professional fees		24,415		20,243
Fund management fee, net (Note C)		114,493		143,090
General and administrative expenses		20,573		16,582
		159,481		179,915
NET INCOME (LOSS)	$	(106,333)	$	(143,774)
Net income (loss) allocated to  assignees	$	(105,270)	$	(142,336)
Net income (loss) allocated to general partner	$	(1,063)	$	(1,438)
Net income (loss) per BAC	$	(.04)	$	(.05)

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)

Nine Months Ended December 31, 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)
Contributions		-			5,403,788		5,403,788
Distributions		(1,020,537)			-		(1,020,537)
Net income (loss)		(184,925)			(1,867)		(186,792)
Partners' capital (deficit),   December 31, 2018	$	2,894,455		$	(595,195)	$	2,299,260

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(23,157,854)			-		(23,157,854)
Net income (loss)		2,567,946			25,942		2,593,888
Partners' capital (deficit),   December 31, 2019	$	(5,963,020)		$	(450,744)	$	(6,413,764)

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)

Nine Months Ended December 31, 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)
Contributions		-			1,073,757		1,073,757
Distributions		-			-		-
Net income (loss)		269			3		272
Partners' capital (deficit),   December 31, 2018	$	(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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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		-
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 2018	$	(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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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)
Contributions		-			2,694,389		2,694,389
Distributions		-			-		-
Net income (loss)		(5,992)			(60)		(6,052)
Partners' capital (deficit),   December 31, 2018	$	(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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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)
Contributions		-			514,253		514,253
Distributions		-			-		-
Net income (loss)		(1,546)			(16)		(1,562)
Partners' capital (deficit),   December 31, 2018	$	(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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		7,714			78		7,792
Partners' capital (deficit),   December 31, 2018	$	589,736		$	(175,106)	$	414,630

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(584,813)			-		(584,813)
Net income (loss)		220,396			2,226		222,622
Partners' capital (deficit),   December 31, 2019	$	173,404		$	(173,404)	$	-

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)

Nine Months Ended December 31, 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)		-
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 2018	$	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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(22,177)			(224)		(22,401)
Partners' capital (deficit),   December 31, 2018	$	884,926		$	(312,620)	$	572,306

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		-			-		-
Net income (loss)		86,146			870		87,016
Partners' capital (deficit),   December 31, 2019	$	897,777		$	(312,490)	$	585,287

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		13,075			132		13,207
Partners' capital (deficit),   December 31, 2018	$	6,634,301		$	(141,520)	$	6,492,781

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(7,318,360)			-		(7,318,360)
Net income (loss)		17,114			173		17,287
Partners' capital (deficit),   December 31, 2019	$	133,264		$	(133,264)	$	-

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(14,457)			(146)		(14,603)
Partners' capital (deficit),   December 31, 2018	$	976,261		$	(274,822)	$	701,439

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		-			-		-
Net income (loss)		50,878			514		51,392
Partners' capital (deficit),   December 31, 2019	$	986,256		$	(274,722)	$	711,534

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(12,096)			(122)		(12,218)
Partners' capital (deficit),   December 31, 2018	$	(2,506,284)		$	(367,384)	$	(2,873,668)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)
Distributions		-			-		-
Net income (loss)		(15,047)			(152)		(15,199)
Partners' capital (deficit),   December 31, 2019	$	(2,569,989)		$	(368,027)	$	(2,938,016)

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)

Nine Months Ended December 31, 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)
Contributions		-			1,121,389		1,121,389
Distributions		-			-		-
Net income (loss)		106,907			1,080		107,987
Partners' capital (deficit),   December 31, 2018	$	(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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		11,894			120		12,014
Partners' capital (deficit),   December 31, 2018	$	2,318,177		$	(359,674)	$	1,958,503

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(2,572,942)			-		(2,572,942)
Net income (loss)		(35,184)			(355)		(35,539)
Partners' capital (deficit),   December 31, 2019	$	353,529		$	(353,529)	$	-

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(32,092)			(324)		(32,416)
Partners' capital (deficit),   December 31, 2018	$	432,090		$	(406,103)	$	25,987

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		-			-		-
Net income (loss)		127,864			1,292		129,156
Partners' capital (deficit),   December 31, 2019	$	535,300		$	(405,061)	$	130,239

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(14,574)			(147)		(14,721)
Partners' capital (deficit),   December 31, 2018	$	(621,990)		$	(234,343)	$	(856,333)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		-			-		-
Net income (loss)		11,353			115		11,468
Partners' capital (deficit),   December 31, 2019	$	791,954		$	(220,061)	$	571,893

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(19,029)			(193)		(19,222)
Partners' capital (deficit),   December 31, 2018	$	(2,178,950)		$	(325,434)	$	(2,504,384)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)
Distributions		-			-		-
Net income (loss)		9,562			96		9,658
Partners' capital (deficit),   December 31, 2019	$	(1,962,568)		$	(323,248)	$	(2,285,816)

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(7,005)			(71)		(7,076)
Partners' capital (deficit),   December 31, 2018	$	4,638,924		$	(238,016)	$	4,400,908

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(5,893,687)			-		(5,893,687)
Net income (loss)		1,351,466			13,651		1,365,117
Partners' capital (deficit),   December 31, 2019	$	223,088		$	(223,088)	$	-

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(1,821)			(18)		(1,839)
Partners' capital (deficit),   December 31, 2018	$	2,312,712		$	(157,107)	$	2,155,605

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(3,044,292)			-		(3,044,292)
Net income (loss)		61,743			623		62,366
Partners' capital (deficit),   December 31, 2019	$	148,221		$	(148,221)	$	-

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		(1,020,537)			-		(1,020,537)
Net income (loss)		1,526			15		1,541
Partners' capital (deficit),   December 31, 2018	$	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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		4,118			42		4,160
Partners' capital (deficit),   December 31, 2018	$	1,689,989		$	(203,418)	$	1,486,571

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(2,939,459)			-		(2,939,459)
Net income (loss)		(1,667)			(16)		(1,683)
Partners' capital (deficit),   December 31, 2019	$	188,889		$	(188,889)	$	-

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)

Nine Months Ended December 31, 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)		-
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 2018	$	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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)		-
Distributions		-			-		-
Net income (loss)		-			-		-
Partners' capital (deficit),   December 31, 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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(28,858)			(291)		(29,149)
Partners' capital (deficit),   December 31, 2018	$	(1,790,140)		$	(245,298)	$	(2,035,438)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		(804,301)			-		(804,301)
Net income (loss)		340,887			3,444		344,331
Partners' capital (deficit),   December 31, 2019	$	216,900		$	(216,900)	$	-

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(38,436)			(388)		(38,824)
Partners' capital (deficit),   December 31, 2018	$	(1,958,386)		$	(271,467)	$	(2,229,853)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)
Distributions		-			-		-
Net income (loss)		(40,741)			(411)		(41,152)
Partners' capital (deficit),   December 31, 2019	$	(2,069,654)		$	(272,590)	$	(2,342,244)

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)

Nine Months Ended December 31, 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
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(424)			(4)		(428)
Partners' capital (deficit),   December 31, 2018	$	1,556,817		$	(227,646)	$	1,329,171

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		-			-		-
Net income (loss)		359,216			3,629		362,845
Partners' capital (deficit),   December 31, 2019	$	1,840,297		$	(224,782)	$	1,615,515

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		52,796			533		53,329
Partners' capital (deficit),   December 31, 2018	$	243,028		$	(322,314)	$	(79,286)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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
Distributions		-			-		-
Net income (loss)		(1,183)			(12)		(1,195)
Partners' capital (deficit),   December 31, 2019	$	1,739,118		$	(307,202)	$	1,431,916

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(59,139)			(598)		(59,737)
Partners' capital (deficit),   December 31, 2018	$	(2,639,586)		$	(266,509)	$	(2,906,095)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)
Distributions		-			-		-
Net income (loss)		21,324			216		21,540
Partners' capital (deficit),   December 31, 2019	$	60,121		$	(239,239)	$	(179,118)

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(69,826)			(705)		(70,531)
Partners' capital (deficit),   December 31, 2018	$	(1,832,265)		$	(375,742)	$	(2,208,007)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)
Distributions		-			-		-
Net income (loss)		34,971			353		35,324
Partners' capital (deficit),   December 31, 2019	$	(1,658,412)		$	(373,986)	$	(2,032,398)

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)

Nine Months Ended December 31, 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)
Contributions		-			-		-
Distributions		-			-		-
Net income (loss)		(55,752)			(563)		(56,315)
Partners' capital (deficit),   December 31, 2018	$	(1,267,379)		$	(278,198)	$	(1,545,577)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		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)
Distributions		-			-		-
Net income (loss)		(31,152)			(314)		(31,466)
Partners' capital (deficit),   December 31, 2019	$	(1,402,989)		$	(279,567)	$	(1,682,556)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

			2019		2018
Cash flows from operating activities:
Net income (loss)		$	13,674,801	$	1,304,859
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships			(15,140,452)		(3,086,786)
Changes in assets and liabilities
Increase in other assets			(9,500)		-
(Decrease) Increase in accounts    payable and accrued expenses			(2,893)		987,419
(Decrease) Increase in accounts    payable affiliates			(3,193,914)		(4,368,397)
Net cash (used in) provided by  operating activities			(4,671,958)		(5,162,905)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships			15,124,797		2,954,134
Net cash provided by investing activities			15,124,797		2,954,134
			-		-
Cash flows from financing activities:
Distributions			(23,157,854)		(1,331,500)
Net cash used in financing activities			(23,157,854)		(1,331,500)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(12,705,015)		(3,540,271)
Cash and cash equivalents, beginning			22,926,529		27,208,717
Cash and cash equivalents, ending		$	10,221,514	$	23,668,446
Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	5,403,788
	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

Nine Months Ended December 31,
(Unaudited)

Series 20

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	128,979
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(197,337)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(370,966)
Net cash (used in) provided by  operating activities		-		(439,324)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		197,337
Net cash provided by investing activities		-		197,337
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(241,987)
Cash and cash equivalents, beginning		-		241,987
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	1,073,757
	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

Nine Months Ended December 31,
(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
Increase in other assets		-		-
(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 general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 22

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	(38,144)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(38,000)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(183,720)
Net cash (used in) provided by  operating activities		-		(259,864)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		38,000
Net cash provided by investing activities		-		38,000
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(221,864)
Cash and cash equivalents, beginning		-		221,864
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	2,694,389
	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

Nine Months Ended December 31,
(Unaudited)

Series 23

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	(27,002)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(43,500)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(419,134)
Net cash (used in) provided by  operating activities		-		(489,636)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		43,500
Net cash provided by investing activities		-		43,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(446,136)
Cash and cash equivalents, beginning		-		446,136
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	514,253
	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

Nine Months Ended December 31,
(Unaudited)

Series 24

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	182,795	$	(33,882)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(278,516)		(23,678)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		(2,000)
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(95,721)		(59,560)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		278,516		23,678
Net cash provided by investing activities		278,516		23,678
		-		-
Cash flows from financing activities:
Distributions		(584,813)		-
Net cash used in financing activities		(584,813)		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(402,018)		(35,882)
Cash and cash equivalents, beginning		402,018		453,512
Cash and cash equivalents, ending	$	-	$	417,630

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(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
Increase in other assets		-		-
(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 general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,

(Unaudited)

Series 26

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	30,848	$	(69,952)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(109,433)		(10,500)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		2,500		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(76,085)		(80,452)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		109,433		10,500
Net cash provided by investing activities		109,433		10,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		33,348		(69,952)
Cash and cash equivalents, beginning		554,439		642,258
Cash and cash equivalents, ending	$	587,787	$	572,306

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 27

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	818,126	$	3,811
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(856,766)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(38,640)		3,811
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		856,766		-
Net cash provided by investing activities		856,766		-
		-		-
Cash flows from financing activities:
Distributions		(7,318,360)		(310,963)
Net cash used in financing activities		(7,318,360)		(310,963)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(6,500,234)		(307,152)
Cash and cash equivalents, beginning		6,500,234		6,799,933
Cash and cash equivalents, ending	$	-	$	6,492,781

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 28

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	20,929	$	(41,125)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(73,248)		(8,500)
Changes in assets and liabilities
Increase in other assets		(9,500)		-
(Decrease) Increase in accounts    payable and accrued expenses		12,000		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(49,819)		(49,625)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		58,924		8,500
Net cash provided by investing activities		58,924		8,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		9,105		(41,125)
Cash and cash equivalents, beginning		690,605		742,564
Cash and cash equivalents, ending	$	699,710	$	701,439

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,

(Unaudited)

Series 29

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(57,340)	$	64,364
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
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		21,780		(489,986)
Net cash (used in) provided by  operating activities		(35,560)		(548,716)
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		(35,560)		(425,722)
Cash and cash equivalents, beginning		196,944		622,414
Cash and cash equivalents, ending	$	161,384	$	196,692

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 30

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	114,811
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(195,182)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		(3,500)
(Decrease) Increase in accounts    payable affiliates		-		(499,568)
Net cash (used in) provided by  operating activities		-		(583,439)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		130,006
Net cash provided by investing activities		-		130,006
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(453,433)
Cash and cash equivalents, beginning		-		453,433
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	1,121,389
	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

Nine Months Ended December 31,
(Unaudited)

Series 31

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	619,372	$	28,117
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(619,800)		(105,794)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(428)		(77,677)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		619,800		64,500
Net cash provided by investing activities		619,800		64,500
Cash flows from financing activities:
Distributions		(2,572,942)		-
Net cash used in financing activities		(2,572,942)		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(1,953,570)		(13,177)
Cash and cash equivalents, beginning		1,953,570		1,971,680
Cash and cash equivalents, ending	$	-	$	1,958,503

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 32

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	77,767	$	388,455
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(159,553)		(487,880)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		8,175		(726,205)
Net cash (used in) provided by  operating activities		(73,611)		(825,630)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		158,324		487,880
Net cash provided by investing activities		158,324		487,880
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		84,713		(337,750)
Cash and cash equivalents, beginning		272,226		563,697
Cash and cash equivalents, ending	$	356,939	$	225,947

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 33

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	1,434,568	$	(55,411)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,469,594)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		(1,099,287)		(166,986)
Net cash (used in) provided by  operating activities		(1,134,313)		(222,397)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,469,594		-
Net cash provided by investing activities		1,469,594		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		335,281		(222,397)
Cash and cash equivalents, beginning		236,612		452,033
Cash and cash equivalents, ending	$	571,893	$	229,636

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 34

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	225,729	$	(58,853)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(284,500)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		4,500		-
(Decrease) Increase in accounts    payable affiliates		33,617		(112,903)
Net cash (used in) provided by  operating activities		(20,654)		(171,756)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		284,500		-
Net cash provided by investing activities		284,500		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		263,846		(171,756)
Cash and cash equivalents, beginning		178,285		394,837
Cash and cash equivalents, ending	$	442,131	$	223,081

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 35

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	1,497,913	$	(27,398)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,555,642)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(57,729)		(27,398)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,555,642		-
Net cash provided by investing activities		1,555,642		-
		-		-
Cash flows from financing activities:
Distributions		(5,893,687)		-
Net cash used in financing activities		(5,893,687)		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(4,395,774)		(27,398)
Cash and cash equivalents, beginning		4,395,774		4,428,306
Cash and cash equivalents, ending	$	-	$	4,400,908

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 36

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	527,639	$	180,555
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(581,982)		(253,104)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		(24,706)		570,319
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(79,049)		497,770
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		581,982		253,104
Net cash provided by investing activities		581,982		253,104
		-		-
Cash flows from financing activities:
Distributions		(3,044,292)		-
Net cash used in financing activities		(3,044,292)		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(2,541,359)		750,874
Cash and cash equivalents, beginning		2,541,359		2,106,050
Cash and cash equivalents, ending	$	-	$	2,856,924

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 37

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	-	$	1,015,799
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		-		(1,062,375)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(513,149)
Net cash (used in) provided by  operating activities		-		(559,725)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		1,062,375
Net cash provided by investing activities		-		1,062,375
		-		-
Cash flows from financing activities:
Distributions		-		(1,020,537)
Net cash used in financing activities		-		(1,020,537)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(517,887)
Cash and cash equivalents, beginning		-		517,887
Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 38

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	1,440,353	$	12,660
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,506,757)		(7,000)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		-		(18,234)
Net cash (used in) provided by  operating activities		(66,404)		(12,574)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,506,757		7,000
Net cash provided by investing activities		1,506,757		7,000
		-		-
Cash flows from financing activities:
Distributions		(2,939,459)		-
Net cash used in financing activities		(2,939,459)		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(1,499,106)		(5,574)
Cash and cash equivalents, beginning		1,499,106		1,492,145
Cash and cash equivalents, ending	$	-	$	1,486,571

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(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
Increase in other assets		-		-
(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 general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 40

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	2,844,772	$	(53,608)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(2,962,474)		(44,500)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		(9,500)		-
(Decrease) Increase in accounts    payable affiliates		(2,224,213)		(148,422)
Net cash (used in) provided by  operating activities		(2,351,415)		(246,530)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		2,962,372		44,500
				-
Net cash provided by investing activities		2,962,372		44,500
		-		-
Cash flows from financing activities:
Distributions		(804,301)		-
Net cash used in financing activities		(804,301)		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(193,344)		(202,030)
Cash and cash equivalents, beginning		193,344		431,341
Cash and cash equivalents, ending	$	-	$	229,311

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 41

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(74,849)	$	(77,399)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,250)		(14,000)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		1,250		-
(Decrease) Increase in accounts    payable affiliates		102,231		(414,074)
Net cash (used in) provided by  operating activities		27,382		(505,473)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,250		14,000
Net cash provided by investing activities		1,250		14,000
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		28,632		(491,473)
Cash and cash equivalents, beginning		246,214		741,152
Cash and cash equivalents, ending	$	274,846	$	249,679

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 42

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	303,986	$	(8,892)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(381,658)		(54,322)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		7,000		1,500
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(70,672)		(61,714)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		381,658		54,322
Net cash provided by investing activities		381,658		54,322
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		310,986		(7,392)
Cash and cash equivalents, beginning		1,300,483		1,327,017
Cash and cash equivalents, ending	$	1,611,469	$	1,319,625

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 43

		2018		2018
Cash flows from operating activities:
Net income (loss)	$	1,185,635	$	8,023
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(1,277,506)		(75,520)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		363,500
(Decrease) Increase in accounts    payable affiliates		(168,259)		(430,490)
Net cash (used in) provided by  operating activities		(260,130)		(134,487)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,277,506		49,438
Net cash provided by investing activities		1,277,506		49,438
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,017,376		(85,049)
Cash and cash equivalents, beginning		414,540		854,364
Cash and cash equivalents, ending	$	1,431,916	$	769,315

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 44

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	2,784,687	$	(159,974)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(2,921,325)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		(87,787)		185,889
Net cash (used in) provided by  operating activities		(224,425)		25,915
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		2,921,325		-
Net cash provided by investing activities		2,921,325		-
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		2,696,900		25,915
Cash and cash equivalents, beginning		113,020		84,006
Cash and cash equivalents, ending	$	2,809,920	$	109,921

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 45

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(81,796)	$	154,699
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Gain on disposition of     Operating Partnerships		(100,448)		(342,500)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		4,063		57,600
(Decrease) Increase in accounts    payable affiliates		62,932		(37,346)
Net cash (used in) provided by  operating activities		(115,249)		(167,547)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		100,448		342,500
Net cash provided by investing activities		100,448		342,500
		-		-
Cash flows from financing activities:
Distributions		-		-
Net cash used in financing activities		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(14,801)		174,953
Cash and cash equivalents, beginning		916,581		753,702
Cash and cash equivalents, ending	$	901,780	$	928,655

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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

Nine Months Ended December 31,
(Unaudited)

Series 46

		2019		2018
Cash flows from operating activities:
Net income (loss)	$	(106,333)	$	(143,774)
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
Increase in other assets		-		-
(Decrease) Increase in accounts    payable and accrued expenses		-		-
(Decrease) Increase in accounts    payable affiliates		156,897		(23,103)
Net cash (used in) provided by  operating activities		50,564		(166,877)
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		50,564		(166,877)
Cash and cash equivalents, beginning		321,175		466,399
Cash and cash equivalents, ending	$	371,739	$	299,522

Supplemental schedule of noncash investing and financing activities:
	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-
	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
December 31, 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
December 31, 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 December 31, 2019 and for the three and nine 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
December 31, 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 December 31, 2019 and 2018, are as follows:

	2019	2018
Series 20	$     -	$  2,549
Series 21	-	-
Series 22	-	6,426
Series 23	-	5,556
Series 24	7,799	10,761
Series 25	-	-
Series 26	13,317	13,938
Series 27	5,730	7,635
Series 28	5,520	7,296
Series 29	7,260	7,261
Series 30	-	5,668
Series 31	-	16,065
Series 32	19,795	19,794
Series 33	9,777	13,318
Series 34	9,756	12,365
Series 35	8,235	10,653
Series 36	2,739	5,172
Series 37	-	-
Series 38	2,742	16,581
Series 39	-	-
Series 40	11,828	23,390
Series 41	34,077	34,076
Series 42	23,690	23,847
Series 43	21,348	45,090
Series 44	44,958	57,826
Series 45	59,644	67,565
Series 46	52,299	52,299
	$340,514	$465,131

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the nine months ended December 31, 2019 and 2018 are as follows:

	2019	2018
Series 20	$        -	$  378,835
Series 22	-	202,998
Series 23	-	435,802
Series 24	28,397	32,283
Series 26	41,193	43,485
Series 27	21,000	22,905
Series 28	20,112	23,436
Series 29	-	519,601
Series 30	-	523,527
Series 31	4,308	51,692
Series 32	51,208	787,880
Series 33	1,135,698	206,940
Series 34	-	150,000
Series 35	28,735	31,959
Series 36	10,650	18,788
Series 37	-	526,729
Series 38	22,065	69,630
Series 40	2,276,523	225,000
Series 41	-	520,930
Series 42	71,270	80,686
Series 43	245,118	566,306
Series 45	116,000	242,500
Series 46	-	180,000
	$4,072,277	$5,841,912

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At December 31, 2019 and 2018, the Fund has limited partnership interests in 82 and 132 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at December 31, 2019 and 2018 are as follows:

	2019	2018
Series 20	-	-
Series 21	-	-
Series 22	-	-
Series 23	-	-
Series 24	-	4
Series 25	-	-
Series 26	3	8
Series 27	-	3
Series 28	-	4
Series 29	5	5
Series 30	-	-
Series 31	-	1
Series 32	3	5
Series 33	2	3
Series 34	2	4
Series 35	-	2
Series 36	-	2
Series 37	-	-
Series 38	-	3
Series 39	-	-
Series 40	-	8
Series 41	10	11
Series 42	7	9
Series 43	11	14
Series 44	5	7
Series 45	20	25
Series 46	14	14
	82	132

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 December 31, 2019 and 2018, are as follows:

	2019	2018
Series 29	$    785	$   785
Series 31	-	25,000
Series 32	-	1,229
Series 40	-	102
Series 42	254	254
Series 45	16,724	16,724
	$ 17,763	$44,094

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the nine months ended December 31, 2019 the Fund disposed of fourty-five Operating Partnerships. A summary of the dispositions by Series for December 31, 2019 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 24	4	-	$	278,516	$	278,516
Series 26	5	-		109,433		109,433
Series 27	2	1		856,766		856,766
Series 28	4	-		58,924		73,248
Series 31	-	1		619,800		619,800
Series 32	2	-		158,324		159,553
Series 33	-	1		1,469,594		1,469,594
Series 34	2	-		284,500		284,500
Series 35	2	-		1,555,642		1,555,642
Series 36	1	1		581,982		581,982
Series 38	2	1		1,506,757		1,506,757
Series 40	6	1		2,962,372		2,962,474
Series 41	1	-		1,250		1,250
Series 42	2	-		381,658		381,658
Series 43	1	1		1,277,506		1,277,506
Series 44	-	2		2,921,325		2,921,325
Series 45	2	-		100,448		100,448
Total	36	9	$	15,124,797	$	15,140,452

* Fund proceeds from disposition does not include $14,324 recorded as a receivable for Series 28, as well as $1,229 and $102, which was due to a writeoff of capital contribution payable as of December 31, 2019, for Series 32 and Series 40, respectively.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the nine months ended December 31, 2018 the Fund disposed of thirty-seven Operating Partnerships. A summary of the dispositions by Series for December 31, 2018 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 20	2	-	$	197,337	$	197,337
Series 22	3	-		38,000		38,000
Series 23	3	-		43,500		43,500
Series 24	1	-		23,678		23,678
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	5	-		130,006		195,182
Series 31	7	-		64,500		105,794
Series 32	-	1		487,880		487,880
Series 36	-	1		253,104		253,104
Series 37	-	1		1,062,375		1,062,375
Series 38	1	-		7,000		7,000
Series 40	1	-		44,500		44,500
Series 41	-	1		14,000		14,000
Series 42	2	-		54,322		54,322
Series 43	3	-		49,438		75,520
Series 45	1	-		342,500		342,500
Total	33	4	$	2,954,134	$	3,086,786

* Fund proceeds from disposition does not include $100, $65,176, $41,294 and $26,082, which was due to a writeoff of capital contribution payable as of December 31, 2018, for Series 29, Series 30, Series 31 and Series 43, 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.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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 nine months ended September 30, 2019.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

		2019	2018
Revenues
	Rental	$  21,099,182	$  30,464,104
	Interest and other	524,877	867,967
		21,624,059	31,332,071
Expenses
	Interest	3,511,689	5,133,584
	Depreciation and amortization	5,031,707	7,690,864
	Operating expenses	15,126,519	21,606,132
		23,669,915	34,430,580
NET LOSS		$ (2,045,856)	$ (3,098,509)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (2,025,399)	$ (3,067,524)
Net loss allocated to other Partners		$    (20,457)	$    (30,985)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 20

		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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 22

		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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 23

		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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 24

		2019	2018
Revenues
	Rental	$         -	$   633,339
	Interest and other	-	20,560
		-	653,899
Expenses
	Interest	-	51,588
	Depreciation and amortization	-	178,656
	Operating expenses	-	509,233
		-	739,477
NET LOSS		$         -	$  (85,578)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (84,722)
Net loss allocated to other Partners		$         -	$     (856)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 26

		2019	2018
Revenues
	Rental	$   315,569	$   956,030
	Interest and other	5,969	11,483
		321,538	967,513
Expenses
	Interest	38,921	167,510
	Depreciation and amortization	78,232	233,109
	Operating expenses	295,008	805,239
		412,161	1,205,858
NET LOSS		$  (90,623)	$ (238,345)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (89,717)	$ (235,962)
Net loss allocated to other Partners		$     (906)	$   (2,383)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 27

		2019	2018
Revenues
	Rental	$         -	$   495,454
	Interest and other	-	9,742
		-	505,196
Expenses
	Interest	-	24,930
	Depreciation and amortization	-	133,387
	Operating expenses	-	413,037
		-	571,354
NET LOSS		$         -	$  (66,158)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (65,496)
Net loss allocated to other Partners		$         -	$     (662)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 28

		2019	2018
Revenues
	Rental	$          -	$    616,769
	Interest and other	-	33,854
		-	650,623
Expenses
	Interest	-	99,851
	Depreciation and amortization	-	137,643
	Operating expenses	-	511,313
		-	748,807
NET LOSS		$          -	$   (98,184)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$          -	$   (97,202)
Net loss allocated to other Partners		$          -	$      (982)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 29

		2019	2018
Revenues
	Rental	$    696,341	$    784,882
	Interest and other	65,975	30,243
		762,316	815,125
Expenses
	Interest	119,479	148,877
	Depreciation and amortization	138,488	162,256
	Operating expenses	632,491	665,615
		890,458	976,748
NET LOSS		$  (128,142)	$  (161,623)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (126,861)	$  (160,007)
Net loss allocated to other Partners		$    (1,281)	$    (1,616)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 30

		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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 31

		2019	2018
Revenues
	Rental	$          -	$    376,723
	Interest and other	-	10,701
		-	387,424
Expenses
	Interest	-	20,306
	Depreciation and amortization	-	104,349
	Operating expenses	-	310,598
		-	435,253
NET LOSS		$          -	$   (47,829)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$          -	$   (47,351)
Net loss allocated to other Partners		$          -	$      (478)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 32

		2019	2018
Revenues
	Rental	$    840,105	$  1,155,742
	Interest and other	13,849	17,208
		853,954	1,172,950
Expenses
	Interest	140,784	192,666
	Depreciation and amortization	260,257	328,747
	Operating expenses	681,162	961,941
		1,082,203	1,483,354
NET LOSS		$  (228,249)	$  (310,404)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (225,967)	$  (307,300)
Net loss allocated to other Partners		$    (2,282)	$    (3,104)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 33

		2019	2018
Revenues
	Rental	$   624,452	$   949,402
	Interest and other	19,706	34,529
		644,158	983,931
Expenses
	Interest	119,930	152,512
	Depreciation and amortization	151,089	209,302
	Operating expenses	460,779	698,505
		731,798	1,060,319
NET LOSS		$  (87,640)	$  (76,388)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (86,764)	$  (75,624)
Net loss allocated to other Partners		$     (876)	$     (764)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 34

		2019	2018
Revenues
	Rental	$   506,955	$   742,517
	Interest and other	18,302	37,801
		525,257	780,318
Expenses
	Interest	80,561	86,873
	Depreciation and amortization	115,082	205,643
	Operating expenses	392,804	556,471
		588,447	848,987
NET LOSS		$  (63,190)	$  (68,669)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (62,558)	$  (67,982)
Net loss allocated to other Partners		$     (632)	$     (687)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 35

		2019	2018
Revenues
	Rental	$         -	$   757,401
	Interest and other	-	42,456
		-	799,857
Expenses
	Interest	-	124,866
	Depreciation and amortization	-	241,734
	Operating expenses	-	455,666
		-	822,266
NET LOSS		$         -	$  (22,409)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (22,185)
Net loss allocated to other Partners		$         -	$     (224)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 36

		2019	2018
Revenues
	Rental	$         -	$   358,462
	Interest and other	-	876
		-	359,338
Expenses
	Interest	-	67,983
	Depreciation and amortization	-	83,885
	Operating expenses	-	263,534
		-	415,402
NET LOSS		$         -	$  (56,064)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$  (55,503)
Net loss allocated to other Partners		$         -	$     (561)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 38

		2019	2018
Revenues
	Rental	$         -	$ 1,216,088
	Interest and other	-	24,560
		-	1,240,648
Expenses
	Interest	-	166,859
	Depreciation and amortization	-	233,270
	Operating expenses	-	847,211
		-	1,247,340
NET LOSS		$         -	$   (6,692)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$   (6,625)
Net loss allocated to other Partners		$         -	$      (67)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 40

		2019	2018
Revenues
	Rental	$         -	$ 1,443,245
	Interest and other	-	36,591
		-	1,479,836
Expenses
	Interest	-	267,896
	Depreciation and amortization	-	378,996
	Operating expenses	-	1,100,318
		-	1,747,210
NET LOSS		$         -	$ (267,374)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$         -	$ (264,700)
Net loss allocated to other Partners		$         -	$   (2,674)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 41

		2019	2018
Revenues
	Rental	$ 2,561,777	$ 2,723,324
	Interest and other	44,342	44,492
		2,606,119	2,767,816
Expenses
	Interest	417,575	510,040
	Depreciation and amortization	509,026	577,130
	Operating expenses	1,843,354	1,835,494
		2,769,955	2,922,664
NET LOSS		$ (163,836)	$ (154,848)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (162,198)	$ (153,300)
Net loss allocated to other Partners		$   (1,638)	$   (1,548)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 42

		2019	2018
Revenues
	Rental	$ 1,556,919	$ 1,660,288
	Interest and other	61,060	68,234
		1,617,979	1,728,522
Expenses
	Interest	300,202	337,485
	Depreciation and amortization	425,836	501,382
	Operating expenses	1,181,910	1,204,267
		1,907,948	2,043,134
NET LOSS		$ (289,969)	$ (314,612)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (287,069)	$ (311,466)
Net loss allocated to other Partners		$   (2,900)	$   (3,146)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 43

		2019	2018
Revenues
	Rental	$ 1,968,217	$ 2,592,340
	Interest and other	54,392	110,695
		2,022,609	2,703,035
Expenses
	Interest	170,320	308,956
	Depreciation and amortization	559,039	788,153
	Operating expenses	1,602,186	1,974,029
		2,331,545	3,071,138
NET LOSS		$ (308,936)	$ (368,103)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (305,847)	$ (364,422)
Net loss allocated to other Partners		$   (3,089)	$   (3,681)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 44

		2019	2018
Revenues
	Rental	$  3,674,046	$  4,471,520
	Interest and other	76,800	122,781
		3,750,846	4,594,301
Expenses
	Interest	830,357	1,043,365
	Depreciation and amortization	770,226	1,014,262
	Operating expenses	2,171,456	2,566,624
		3,772,039	4,624,251
NET LOSS		$   (21,193)	$   (29,950)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$   (20,981)	$   (29,651)
Net loss allocated to other Partners		$      (212)	$      (299)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 45

		2019	2018
Revenues
	Rental	$  4,623,418	$  4,990,180
	Interest and other	107,533	103,760
		4,730,951	5,093,940
Expenses
	Interest	572,906	656,160
	Depreciation and amortization	1,173,209	1,328,457
	Operating expenses	3,571,324	3,702,951
		5,317,439	5,687,568
NET LOSS		$  (586,488)	$  (593,628)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (580,623)	$  (587,692)
Net loss allocated to other Partners		$    (5,865)	$    (5,936)

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
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 46

		2019	2018
Revenues
	Rental	$ 3,731,383	$ 3,540,398
	Interest and other	56,949	107,401
		3,788,332	3,647,799
Expenses
	Interest	720,654	704,861
	Depreciation and amortization	851,223	850,503
	Operating expenses	2,294,045	2,224,086
		3,865,922	3,779,450
NET LOSS		$  (77,590)	$ (131,651)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (76,814)	$ (130,334)
Net loss allocated to other Partners		$     (776)	$   (1,317)

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
December 31, 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 nine months ended December 31, 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 December 31, 2019 were $340,514 and total fund management fees accrued as of December 31, 2019 were $16,109,004. During the nine months ended December 31, 2019, $4,072,277 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 nine months ended December 31, 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 December 31, 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 December 31, 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 December 31, 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 December 31, 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 December 31, 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 all 24 of the Operating Partnerships.

Prior to the quarter ended December 31, 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 December 31, 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 42 of the Operating Partnerships and 3 remain.

Prior to the quarter ended December 31, 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 all 16 of the Operating Partnerships.

Prior to the quarter ended December 31, 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 all 26 of the Operating Partnerships.

Prior to the quarter ended December 31, 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 December 31, 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 December 31, 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 December 31, 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 December 31, 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 14 of the Operating Partnerships and 3 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 December 31, 2019, Series 32 applied $1,229 of contributions payable to a prior year disposition, and has now released all payments of its capital contributions to the Operating Partnerships.

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 December 31, 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 12 of the Operating Partnerships and 2 remain.

Prior to the quarter ended December 31, 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 all 11 of the Operating Partnerships.

Prior to the quarter ended December 31, 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 all 11 of the Operating Partnerships.

Prior to the quarter ended December 31, 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 December 31, 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 all 10 of the Operating Partnerships. 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 December 31, 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 December 31, 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 all 16 of the Operating Partnerships. 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 December 31, 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 13 of the Operating Partnerships and 10 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 December 31, 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 16 of the Operating Partnerships and 7 remain.

During the quarter ended December 31, 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 December 31, 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 December 31, 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 December 31, 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 11 of the Operating Partnerships and 20 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 December 31, 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 December 31, 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 December 31, 2019, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

Results of Operations

As of December 31, 2019 and 2018, the Fund held limited partnership interests in 82 and 132 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 nine months ended December 31, 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	7,799	-	7,799
Series 25	-	-	-
Series 26	13,317	-	13,317
Series 27	5,730	-	5,730
Series 28	5,520	-	5,520
Series 29	7,260	3,000	4,260
Series 30	-	-	-
Series 31	-	6,531	(6,531)
Series 32	19,795	-	19,795
Series 33	9,777	-	9,777
Series 34	9,756	-	9,756
Series 35	8,235	-	8,235
Series 36	2,739	-	2,739
Series 37	-	-	-
Series 38	2,742	-	2,742
Series 39	-	-	-
Series 40	11,828	-	11,828
Series 41	34,077	-	34,077
Series 42	23,690	-	23,690
Series 43	21,348	1,956	19,392
Series 44	44,958	979	43,979
Series 45	59,644	8,412	51,232
Series 46	52,299	32,276	20,023
	$340,514	$53,154	$287,360

	9 Months Gross Fund Management Fee	9 Months Asset Management and Reporting Fee	9 Months Fund Management Fee Net of Asset Management and Reporting Fee
Series 20	$       -	$      -	$      -
Series 21	-	-	-
Series 22	-	-	-
Series 23	-	-	-
Series 24	28,397	2,356	26,041
Series 25	-	-	-
Series 26	41,193	1,000	40,193
Series 27	21,000	6,380	14,620
Series 28	20,112	2,000	18,112
Series 29	21,780	3,000	18,780
Series 30	-	-	-
Series 31	4,308	70,826	(66,518)
Series 32	59,383	13,000	46,383
Series 33	36,411	17,420	18,991
Series 34	33,617	3,000	30,617
Series 35	28,735	3,200	25,535
Series 36	10,650	-	10,650
Series 37	-	-	-
Series 38	22,065	3,000	19,065
Series 39	-	-	-
Series 40	52,310	7,380	44,930
Series 41	102,231	15,859	86,372
Series 42	71,270	1,956	69,314
Series 43	76,859	11,231	65,628
Series 44	147,847	18,586	129,261
Series 45	178,932	18,264	160,668
Series 46	156,897	42,404	114,493
	$1,113,997	$240,862	$873,135

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

The series did not have any properties as of December 31, 2019 and 2018.

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 December 31, 2019 and 2018.

Series 22

The series did not have any properties as of December 31, 2019 and 2018.

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

The series did not have any properties as of December 31, 2019 and 2018.

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 December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 24 reflects a net loss from Operating Partnerships of $- and $(85,578), respectively, which includes depreciation and amortization of $- and $178,656, 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.

In November 2019, the investment general partners transferred their respective interests in Los Lunas Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $215,000 and cash proceeds to the investment partnerships of $277,458 and $138,542, for Series 24 and Series 42, respectively. Of the total proceeds received, $19,342 and $9,658, 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 $258,116 and $128,884, 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 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, net of the overhead and expense reimbursement, has been recorded in the amount of $258,116 and $128,884, for Series 24 and Series 42, respectively, as of December 31, 2019.

In November 2019, the investment general partner transferred its interest in Overton Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,807,765 and cash proceeds to the investment partnership of $5,000. 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 $2,500 were returned to cash reserves held by Series 24. 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 $2,500 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Autumn Ridge Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,368,935 and cash proceeds to the investment partnership of $20,400. 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 $17,900 were returned to cash reserves held by Series 24. 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 $17,900 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in New Hilltop Apartments, A Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,208,829 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 24. 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, 2019.

Series 25

The series did not have any properties as of December 31, 2019 and 2018.

Series 26

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 26 reflects a net loss from Operating Partnerships of $(90,623) and $(238,345), respectively, which includes depreciation and amortization of $78,232 and $233,109, 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.

In November 2019, the investment general partner transferred its interest in Warrensburg Heights, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $955,481 and cash proceeds to the investment partnership of $23,800. 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 $21,300 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 $21,300 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in A.V.A., Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,129,910 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $2,500 will be 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 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 $47,500 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Beauregard Apartments Partnership, A L.D.H.A to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,157,847 and cash proceeds to the investment partnership of $23,824. 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 $16,324 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 $16,324 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Southwind Apartments Partnership, A L.D.H.A to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,020,849 and cash proceeds to the investment partnership of $21,441. 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 $13,941 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 $13,941 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in T.R. Bobb Apartments Partnership, A L.D.H.A to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $925,142 and cash proceeds to the investment partnership of $17,868. 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 $10,368 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 $10,368 as of December 31, 2019.

Series 27

As of December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 27 reflects a net loss from Operating Partnerships of $- and $(66,158), respectively, which includes depreciation and amortization of $- and $133,387, 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. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $14,520 and $26,962 for Series 27 and Series 33, respectively, which was returned to the cash reserves.

In December 2019, the investment general partner transferred its interest in Angelou Associates, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $868,278 and cash proceeds to the investment partnership of $58,000. 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 $49,000 were returned to cash reserves held by Series 27. 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 $49,000 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Magnolia Place Apartments Partnership, A Mississippi LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,000 and cash proceeds to the investment partnership of $23,824. 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 $16,324 were returned to cash reserves held by Series 27. 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 $16,324 as of December 31, 2019.

Series 28

As of December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 28 reflects a net loss from Operating Partnerships of $- and $(98,184), respectively, which includes depreciation and amortization of $- and $137,643, 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.

In December 2019, the investment general partner transferred its interest in Jackson Place Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,110,303 and cash proceeds to the investment partnership of $23,824. Of the total proceeds received, $9,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,324 will be 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 $14,324 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Maplewood Apartments Partnership, a LA Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,048,996 and cash proceeds to the investment partnership of $23,824. Of the total proceeds received, $9,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,324 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. The transfer proceeds were received in January 2020; so a receivable in the amount of $14,324 was recorded as of December 31, 2019. 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 $14,324 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in R.V.K.Y., Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,199,792 and cash proceeds to the investment partnership of $40,000. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $37,500 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 $37,500 as of December 31, 2019.

Series 29

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 29 reflects a net loss from Operating Partnerships of $(128,142) and $(161,623), respectively, which includes depreciation and amortization of $138,488 and $162,256, 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.

Ozark Associates, LP

Series 30

The series did not have any properties as of December 31, 2019 and 2018.

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 December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 31 reflects a net loss from Operating Partnerships of $- and $(47,829), respectively, which includes depreciation and amortization of $- and $104,349, 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. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $900 which was returned to the cash reserves.

Series 32

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at December 31, 2019, all of which were at 100% Qualified Occupancy

For the nine month periods ended December 31, 2019 and 2018, Series 32 reflects a net loss from Operating Partnerships of $(228,249) and $(310,404), respectively, which includes depreciation and amortization of $260,257 and $328,747, 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.

In December 2019, the investment general partner transferred its interest in Pearlwood Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $642,620 and cash proceeds to the investment partnership of $147,500. 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 $142,000 were 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 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 $142,000 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Pineridge Apartments Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,141,577 and cash proceeds to the investment partnership of $23,824. 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 $16,324 were 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 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 $16,324 as of December 31, 2019. In addition, equity outstanding for the Operating Partnership in the amount of $1,229 for Series 32 was recorded as gain on the transfer of the Operating Partnership as of December 31, 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.

Pecan Manor Apartments Partnership, A Louisiana Partnership in Commendam

Parkside Plaza, LLP

Series 33

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 33 reflects a net loss from Operating Partnerships of $(87,640) and $(76,388), respectively, which includes depreciation and amortization of $151,089 and $209,302, 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. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $14,520 and $26,962 for Series 27 and Series 33, respectively, which was returned to the cash reserves.

Series 34

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 34 reflects a net loss from Operating Partnerships of $(63,190) and $(68,669), respectively, which includes depreciation and amortization of $115,082 and $205,643, 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.

In December 2019, the investment general partner transferred its interest in Belmont Affordable Housing II, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $307,057 and cash proceeds to the investment partnership of $31,500. Of the total proceeds received, $4,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $27,000 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 $27,000 as of December 31, 2019.

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

RHP 96-I, L.P.

Series 35

As of December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 35 reflects a net loss from Operating Partnerships of $- and $(22,409), respectively, which includes depreciation and amortization of $- and $241,734, 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.

In December 2019, the investment general partner transferred its interest in Tennessee Partners XII Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,790,885 and cash proceeds to the investment partnership of $1,422,642. Of the total proceeds received, $8,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $1,414,642 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 $1,414,642 as of December 31, 2019.

Series 36

As of December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 36 reflects a net loss from Operating Partnerships of $- and $(56,064), respectively, which includes depreciation and amortization of $- and $83,885, 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. In October 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $91,333 which was returned to the cash reserves.

In December 2019, the investment general partner transferred its interest in Wingfield Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,052,315 and cash proceeds to the investment partnership of $23,824. Of the total proceeds received, $9,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,324 were 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 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 $14,324 as of December 31, 2019.

Series 37

The series did not have any properties as of December 31, 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 December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 38 reflects a net loss from Operating Partnerships of $- and $(6,692), respectively, which includes depreciation and amortization of $- and $233,270, 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 October 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $26,459 which was returned to the cash reserves.

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.

In December 2019, the investment general partner transferred its interest in Hammond Place Apartments Partnership, A LA Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $915,109 and cash proceeds to the investment partnership of $23,824. 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 $16,324 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 $16,324 as of December 31, 2019.

Series 39

The series did not have any properties as of December 31, 2019 and 2018.

Series 40

As of December 31, 2018, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 40 reflects a net loss from Operating Partnerships of $- and $(267,374), respectively, which includes depreciation and amortization of $- and $378,996, 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 was 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. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $36,674 which was returned to the cash reserves.

In December 2019, the investment general partner transferred its interest in Carlyle Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $269,980 and cash proceeds to the investment partnership of $311,000. 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 $305,000 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 $305,000 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Center Place Apartments II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $631,880 and cash proceeds to the investment partnership of $19,059. 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 $15,559 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 $15,559 as of December 31, 2019.

In December 2019, the investment general partners transferred their respective interests in Meadowside Associates, LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,570,219 and cash proceeds to the investment partnerships of $2,500 and $2,500 for Series 40 and Series 41, respectively. Of the total proceeds received, $1,250 and $1,250 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $1,250 and $1,250 for Series 40 and Series 41, 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 $1,250 and $1,250 for Series 40 and Series 41, respectively, as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Oakland Partnership, A Louisiana Partnership in Commendam to a an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,051,700 and cash proceeds to the investment partnership of $27,397. 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 $24,897 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 $24,897 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Western Gardens Partnership, A Louisiana Partnership in Commendam to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,109,796 and cash proceeds to the investment partnership of $28,589. 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 $25,089 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 $25,089 as of December 31, 2019.

Series 41

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 10 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 41 reflects a net loss from Operating Partnerships of $(163,836) and $(154,848), respectively, which includes depreciation and amortization of $509,026 and $577,130, 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.

In December 2019, the investment general partners transferred their respective interests in Meadowside Associates, LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,570,219 and cash proceeds to the investment partnerships of $2,500 and $2,500 for Series 40 and Series 41, respectively. Of the total proceeds received, $1,250 and $1,250 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $1,250 and $1,250 for Series 40 and Series 41, 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 $1,250 and $1,250 for Series 40 and Series 41, respectively, as of December 31, 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.

Rural Housing Partners of Mendota L.P.

Rural Housing Partners of Fulton L.P.

Cedar Grove Apartments, Phase I L.P.

Series 42

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 7 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 42 reflects a net loss from Operating Partnerships of $(289,969) and $(314,612), respectively, which includes depreciation and amortization of $425,836 and $501,382, 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.

In November 2019, the investment general partners transferred their respective interests in Los Lunas Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $215,000 and cash proceeds to the investment partnerships of $277,458 and $138,542, for Series 24 and Series 42, respectively. Of the total proceeds received, $19,342 and $9,658, 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 $258,116 and $128,884, 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 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, net of the overhead and expense reimbursement, has been recorded in the amount of $258,116 and $128,884, for Series 24 and Series 42, respectively, as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Crittenden County Partners, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $514,200 and cash proceeds to the investment partnership of $259,774. Of the total proceeds received, $7,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $252,774 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. 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 $252,774 as of December 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.

Wingfield Apartments Partnership II, LP

Series 43

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 43 reflects a net loss from Operating Partnerships of $(308,936) and $(368,103), respectively, which includes depreciation and amortization of $559,039 and $788,153, 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 December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $21,924 and $26,795 for Series 43 and Series 44, respectively, which was returned to the cash reserves.

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 December 31, 2019 and 2018, the average Qualified Occupancy was 100%. The series had a total of 5 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 44 reflects a net loss from Operating Partnerships of $(21,193) and $(29,950), respectively, which includes depreciation and amortization of $770,226 and $1,014,262, 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 December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $21,924 and $26,795 for Series 43 and Series 44, respectively, which was returned to the cash reserves.

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. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $37,807 which was returned to the cash reserve.

Series 45

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 20 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 45 reflects a net loss from Operating Partnerships of $(586,488) and $(593,628), respectively, which includes depreciation and amortization of $1,173,209 and $1,328,457, 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 December 31, 2019, the property is maintaining average occupancy of 79%. Reporting delays remain a consistent issue, and the investment general partner is concerned that the mortgage with VHDA is delinquent. The investment limited partner has reached out to the operating general partner as to the status; but has not received a reply to date. The operating general partner has an unlimited operating deficit guarantee. The low income housing tax credit compliance period expired on December 31, 2019.

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.

In December 2019, the investment general partner transferred its interest in Lone Terrace Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,177,699 and cash proceeds to the investment partnership of $39,854. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $37,354 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 $37,354 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Sulphur Terrace Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,128,449 and cash proceeds to the investment partnership of $65,594. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $63,094 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 $63,094 as of December 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.

University Plaza Investment Group, LLLP

Series 46

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 46 reflects a net loss from Operating Partnerships of $(77,590) and $(131,651), respectively, which includes depreciation and amortization of $851,223 and $850,503, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Linden-Shawnee Partners, L.P. (The Linden's Apartments) is a 54-unit family property located in Shawnee, OK. During the second quarter of 2019 the property operated below breakeven operations due to low occupancy and elevated operating expenses. As of December 2019, occupancy is 91%. 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.

Saint Martin Apartments, L.P. Is a 40-unit garden style property located in McComb, MS. During the fourth quarter of 2019 the property operated below breakeven operations due to elevated operating expenses. 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 Saint Martin Apartments, 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.

Change in Accounting Principle

In May 2014, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"), as amended by subsequent Accounting Standard Updates (collectively, "ASC 606").  The Partnership adopted ASC 606 during 2019 and applied the guidance on a retrospective basis. There was no impact as a result of the adoption of ASC 606 to recognize revenue on the financial statements of the Partnership as of and for the period ended December 31, 2019.

In August 2016, the FASB issued Accounting Standards Update 2016-15 Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments.  The Partnership adopted the update on a retrospective basis.  The effect of the adoption was the application of an accounting policy election to classify distributions received from investees using the nature of the distribution approach.  The Partnership classifies distributions from tax credit investments as returns on investment because the design of the project entity is to generate tax credits and losses rather than income from operations.  Application of the accounting policy election had no impact on the presentation in the statement of cash flows in the current or prior reporting periods.

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 or any Series' internal control over financial reporting that occurred during the quarter ended December 31, 2019 that materially affected, or are reasonably likely to materially affect, the Fund's or any Series' internal control over financial reporting.
	(c)	Certifications
		The Certifications of the Principal Executive Officer and Principal Financial Officer of the Fund required by Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, which are filed or furnished as Exhibits 31.a, 31.b, 32.a and 32.b to this Quarterly Report on Form 10-Q, are applicable to each Series individually and the Fund as a whole.

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 December 31, 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: February 13, 2020		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:
February 13, 2020	/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
February 13, 2020	/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.