FORM 10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Mark One)

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

      For the quarterly period ended December 31, 2001

                                             or

( )   TRANSITION REPORT PERSUANT 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)

Registrants telephone number, including area code (617)624-8900

(Former name, former address and former fiscal year, if changed since last report)

      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 preceeding 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 X No _

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED DECEMBER 31, 2001

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
				Pages
	Item 1. Financial Statements
		Balance Sheets	1-23
		Statements of Operations	24-69
		Statements of Changes in Partners' Capital	70-81
		Statements of Cash Flows	82-127
		Notes to Financial Statements	128-154
	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations		155-173
PART II - OTHER INFORMATION
	Item 6. Exhibits and Reports on Form 8-K		174
	Signatures		175

Boston Capital Tax Credit Fund IV L.P.

BALANCE SHEETS

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS  (Note D)		$415,966,738	$406,915,006
OTHER ASSETS
	Cash and cash equivalents	14,544,628	21,596,216
	Investments	6,030,256	7,839,034
	Notes receivable	12,101,209	9,701,571
	Acquisition costs	22,210,849	18,200,249
	Other assets	12,191,745	13,295,747
		$483,045,425	$477,547,823
LIABILITIES
	Accounts payable & accrued expenses  (Note C)	$    472,460	$    152,623
	Accounts payable affiliates	10,909,678	8,709,180
	Capital contributions payable	34,031,868	42,458,387
	Line of credit	-	2,125,548
		45,414,006	53,445,738
PARTNERS' CAPITAL
Limited Partners
	Units of limited partnership  interest, $10 stated value per BAC;  87,500,000 authorized BACs;  66,462,568 issued and outstanding,  as of December 31, 2001	438,848,277	425,102,598
General Partner		(1,300,802)	(1,084,457)
Unrealized gain (loss) on securities
	available for sale, net	83,944	83,944
		437,631,419	424,102,085
		$483,045,425	$477,547,823

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 20

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS  (Note D)		$ 15,359,055	$ 16,738,536
OTHER ASSETS
	Cash and cash equivalents	181,116	179,335
	Investments	-	-
	Notes receivable	-	-
	Acquisition costs	88,412	91,091
	Other assets	993,341	877,017
		$ 16,621,924	$ 17,885,979
LIABILITIES
	Accounts payable & accrued expenses  (Note C)	$          -	$          -
	Accounts payable affiliates	2,510,584	2,109,761
	Capital contributions payable	388,026	388,026
	Line of credit	-	-
		2,898,610	2,497,787
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership  interest, $10 stated value per BAC;  87,500,000 authorized BACs;  3,866,700 issued and outstanding,  as of December 31, 2001	13,916,646	15,564,875
General Partner		(193,332)	(176,683)
Unrealized gain (loss) on securities
	available for sale, net	-	-
		13,723,314	15,388,192
		$ 16,621,924	$ 17,885,979

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 21

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS  (Note D)		$ 4,895,706	$ 5,713,575
OTHER ASSETS
	Cash and cash equivalents	246,662	235,224
	Investments	10,515	232,896
	Notes receivable	641,542	641,542
	Acquisition costs	48,358	49,823
	Other assets	402,618	403,560
		$ 6,245,401	$ 7,276,620
LIABILITIES
	Accounts payable & accrued expenses  (Note C)	$         -	$         -
	Accounts payable affiliates	444,730	475,350
	Capital contributions payable	689,358	689,358
	Line of credit	-	-
		1,134,088	1,164,708
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership  interest, $10 stated value per BAC;  87,500,000 authorized BACs;  1,892,700 issued and outstanding,  as of December 31, 2001	5,220,968	6,211,561
General Partner		(110,851)	(100,845)
Unrealized gain (loss) on securities
	available for sale, net	1,196	1,196
		5,111,313	6,111,912
		$ 6,245,401	$ 7,276,620

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 22

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS  (Note D)		$11,552,237	$12,526,478
OTHER ASSETS
	Cash and cash equivalents	238,554	352,021
	Investments	175,069	126,853
	Notes receivable	450,981	450,981
	Acquisition costs	151,960	156,564
	Other assets	167,399	162,615
		$12,736,200	$13,775,512
LIABILITIES
	Accounts payable & accrued expenses  (Note C)	$         -	$         -
	Accounts payable affiliates	1,391,683	1,200,739
	Capital contributions payable	487,655	538,769
	Line of credit	-	-
		1,879,338	1,739,508
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership  interest, $10 stated value per BAC; 87,500,000 authorized BACs;  2,564,400 issued and outstanding,  as of December 31, 2001	10,966,730	12,134,081
General Partner		(110,519)	(98,728)
Unrealized gain (loss) on securities
	available for sale, net	651	651
		10,856,862	12,036,004
		$12,736,200	$13,775,512

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 23

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$18,193,704	$19,119,494
OTHER ASSETS
	Cash and cash equivalents	156,990	293,829
	Investments	-	-
	Notes receivable	-	306,751
	Acquisition costs	225,986	232,834
	Other assets	269,369	303,455
		$18,846,049	$20,256,363
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	773,881	718,684
	Capital contributions payable	117,797	458,631
	Line of credit	-	-
		891,678	1,177,315
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,336,727 issued and outstanding, December 31, 2001	18,059,674	19,173,104
General Partner		(105,303)	(94,056)
Unrealized gain (loss) on securities
	available for sale, net	-	-
		17,954,371	19,079,048
		$18,846,049	$20,256,363

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 24

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS  (Note D)		$ 9,955,990	$10,964,312
0THER ASSETS
	Cash and cash equivalents	253,053	362,301
	Investments	213,971	155,081
	Notes receivable	534,342	534,342
	Acquisition costs	252,563	260,216
	Other assets	716,307	711,871
		$11,926,226	$12,988,123
LIABILITIES
	Accounts payable & accrued expenses  (Note C)	$         -	$         -
	Accounts payable affiliates	1,187,977	1,012,963
	Capital contributions payable	1,214,204	1,214,204
	Line of credit	-	-
		2,402,181	2,227,167
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership  interest, $10 stated value per BAC; 87,500,000 authorized BACs;  2,169,878 issued and outstanding,  as of December 31, 2001	9,613,318	10,837,860
0eneral Partner		(90,066)	(77,697)
Unrealized gain (loss) on securities
	available for sale, net	793	793
		9,524,045	10,760,956
		$11,926,226	$12,988,123

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 25

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$16,580,743	$17,559,746
OTHER ASSETS
	Cash and cash equivalents	444,165	494,183
	Investments	258,585	187,522
	Notes receivable	523,193	523,193
	Acquisition costs	253,644	261,330
	Other assets	1,323,073	1,353,754
		$19,383,403	$20,379,728
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	922,535	718,028
	Capital contributions payable	2,073,892	2,083,892
	Line of credit	-	-
		2,996,427	2,801,920
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,026,109 issued and outstanding, as of December 31, 2001	16,479,595	17,658,519
General Partner		(93,584)	(81,676)
Unrealized gain (loss) on securities
	available for sale, net	965	965
		16,386,976	17,577,808
		$19,383,403	$20,379,728

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 26

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$25,339,727	$26,630,528
OTHER ASSETS
	Cash and cash equivalents	318,660	335,066
	Investments	-	-
	Notes receivable	571,335	571,335
	Acquisition costs	443,985	457,439
	Other assets	2,200,734	2,182,444
		$28,874,441	$30,176,812
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$        90	$        90
	Accounts payable affiliates	1,457,193	1,129,008
	Capital contributions payable	2,197,433	2,199,426
	Line of credit	-	-
		3,654,716	3,328,524
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,995,900 issued and outstanding, as of December 31, 2001	25,307,781	26,920,058
General Partner		(88,056)	(71,770)
Unrealized gain (loss) on securities
	available for sale, net	-	-
		25,219,725	26,848,288
		$28,874,441	$30,176,812

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 27

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$15,230,774	$15,763,571
OTHER ASSETS
	Cash and cash equivalents	422,480	647,352
	Investments	226,648	219,105
	Notes receivable	-	-
	Acquisition costs	369,932	381,142
	Other assets	172,429	173,250
		$16,422,263	$17,184,420
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	1,096,102	959,699
	Capital contributions payable	203,270	315,311
	Line of credit	-	-
		1,299,372	1,275,010
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,460,700 issued and outstanding, as of December 31, 2001	15,176,999	15,955,653
General Partner		(55,229)	(47,364)
Unrealized gain (loss) on securities
	available for sale, net	1,121	1,121
		15,122,891	15,909,410
		$16,422,263	$17,184,420

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 28

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$26,683,531	$27,883,913
OTHER ASSETS
	Cash and cash equivalents	713,180	1,117,380
	Investments	806,281	1,463,320
	Notes receivable	275,000	-
	Acquisition costs	81,687	84,161
	Other assets	2,829	6,074
		$28,562,508	$30,554,848
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	-	-
	Capital contributions payable	148,783	744,786
	Line of credit	-	-
		148,783	744,786
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 4,000,738 issued and outstanding, as of December 31, 2001	28,468,987	29,851,361
General Partner		(59,655)	(45,692)
Unrealized gain (loss) on securities
	available for sale, net	4,393	4,393
		28,413,725	29,810,062
		$28,562,508	$30,554,848

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 29

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$25,444,407	$26,617,342
OTHER ASSETS
	Cash and cash equivalents	552,681	875,595
	Investments	232,670	311,083
	Notes receivable	20,935	20,935
	Acquisition costs	81,901	84,385
	Other assets	4,669	573
		$26,337,263	$27,909,913
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	125,320	-
	Capital contributions payable	304,770	596,044
	Line of credit	-	-
		430,090	596,044
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,991,800 issued and outstanding, as of December 31, 2001	25,980,724	27,373,353
General Partner		(79,636)	(65,569)
Unrealized gain (loss) on securities
	available for sale, net	6,085	6,085
		25,907,173	27,313,869
		$26,337,263	$27,909,913

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 30

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$17,900,872	$18,947,341
OTHER ASSETS
	Cash and cash equivalents	861,069	735,208
	Investments	163,402	237,413
	Notes receivable	85,438	85,438
	Acquisition costs	525,607	541,522
	Other assets	261,214	666,912
		$19,797,602	$21,213,834
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	-	-
	Capital contributions payable	734,420	1,034,250
	Line of credit	-	-
		734,420	1,034,250
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,651,000 issued and outstanding, as of December 31, 2001	19,094,992	20,200,230
General Partner		(36,471)	(25,307)
Unrealized gain (loss) on securities
	available for sale, net	4,661	4,661
		19,063,182	20,179,584
		$19,797,602	$21,213,834

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 31

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$28,396,567	$29,919,423
OTHER ASSETS
	Cash and cash equivalents	768,645	1,118,740
	Investments	311,351	489,108
	Notes receivable	655,675	855,675
	Acquisition costs	-	-
	Other assets	416,620	259,997
		$30,548,858	$32,642,943
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	-	-
	Capital contributions payable	1,030,019	1,350,694
	Line of credit	-	-
		1,030,019	1,350,694
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 4,417,857 issued and outstanding, as of December 31, 2001	29,593,438	31,349,114
General Partner		(84,167)	(66,433)
Unrealized gain (loss) on securities
	available for sale, net	9,568	9,568
		29,518,839	31,292,249
		$30,548,858	$32,642,943

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 32

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$34,268,211	$35,003,481
OTHER ASSETS
	Cash and cash equivalents	489,516	1,111,983
	Investments	9,478	483,852
	Notes receivable	630,673	104,000
	Acquisition costs	752,359	764,950
	Other assets	579,931	482,763
		$36,730,168	$37,951,029
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	129,559	80,152
	Capital contributions payable	1,050,342	1,286,333
	Line of credit	-	-
		1,179,901	1,366,485
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 4,754,198 issued and outstanding, as of December 31, 2001	35,591,743	36,615,677
General Partner		(50,954)	(40,611)
Unrealized gain (loss) on securities
	available for sale, net	9,478	9,478
		35,550,267	36,584,544
		$36,730,168	$37,951,029

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 33

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$19,379,390	$19,646,067
OTHER ASSETS
	Cash and cash equivalents	723,152	1,147,109
	Investments	12,193	623,376
	Notes receivable	113,575	113,575
	Acquisition costs	675,166	695,613
	Other assets	253,495	175,148
		$21,156,971	$22,400,888
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$     2,536
	Accounts payable affiliates	175,844	145,515
	Capital contributions payable	751,366	1,557,634
	Line of credit	-	-
		927,210	1,705,685
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,636,533 issued and outstanding, as of December 31, 2001	20,241,173	20,701,961
General Partner		(23,605)	(18,951)
Unrealized gain (loss) on securities
	available for sale, net	12,193	12,193
		20,229,761	20,695,203
		$21,156,971	$22,400,888

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 34

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$24,737,548	$25,611,061
OTHER ASSETS
	Cash and cash equivalents	373,643	349,527
	Investments	-	-
	Notes receivable	164,562	439,562
	Acquisition costs	1,073,023	1,105,542
	Other assets	507,426	513,890
		$26,856,202	$28,019,582
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$         -
	Accounts payable affiliates	230,707	10,837
	Capital contributions payable	807,004	1,051,622
	Line of credit	-	-
		1,037,711	1,062,459
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,529,319 issued and outstanding, as of December 31, 2001	25,860,715	26,987,961
General Partner		(42,224)	(30,838)
Unrealized gain (loss) on securities
	available for sale, net	-	-
		25,818,491	26,957,123
		$26,856,202	$28,019,582

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 35

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$20,836,032	$22,009,700
OTHER ASSETS
	Cash and cash equivalents	799,748	681,948
	Investments	770,222	1,047,325
	Notes receivable	718,318	718,318
	Acquisition costs	3,040,833	3,132,994
	Other assets	140,421	768,378
		$26,305,574	$28,358,663
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$       224	$       224
	Accounts payable affiliates	47,477	92
	Capital contributions payable	1,699,286	2,520,290
	Line of credit	-	-
		1,746,987	2,520,606
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,300,463 issued and outstanding, as of December 31, 2001	24,584,151	25,851,826
General Partner		(35,539)	(23,744)
Unrealized gain (loss) on securities
	available for sale, net	9,975	9,975
		24,558,587	25,838,057
		$26,305,574	$28,358,663

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 36

		December 31, 2001 (Unaudited)		March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)			$14,173,671		$14,753,049
OTHER ASSETS
	Cash and cash equivalents		45,634		440,801
	Investments		-		-
	Notes receivable		539,353		539,353
	Acquisition costs		2,087,917		2,146,752
	Other assets		652,001		583,368
			$17,498,576		$18,463,323
LIABILITIES
	Accounts payable & accrued expenses (Note C)		$         -		$     4,410
	Accounts payable affiliates		250,811		130,247
	Capital contributions payable		1,164,642		1,460,200
	Line of credit		-		-
			1,415,453		1,594,857
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,106,837 issued and outstanding, as of December 31, 2001		16,100,955		16,878,445
General Partner			(17,832)		(9,979)
Unrealized gain (loss) on securities
	available for sale, net		-		-
			16,083,123		16,868,466
			$17,498,576		$18,463,323

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 37

		December 31, 2001 (Unaudited)		March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)			$18,006,673		$18,470,074
OTHER ASSETS
	Cash and cash equivalents		630,439		1,357,135
	Investments		5,382		581,399
	Notes receivable		1,814,211		2,812,196
	Acquisition costs		2,316,639		2,372,609
	Other assets		40,644		1,564,777
			$22,813,988		$27,158,190
LIABILITIES
	Accounts payable & accrued expenses (Note C)		$       350		$    26,871
	Accounts payable affiliates		37,732		85
	Capital contributions payable		2,165,429		5,838,932
	Line of credit		-		-
			2,203,511		5,865,888
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,512,500 issued and outstanding, as of December 31, 2001		20,615,607		21,290,614
General Partner			(10,512)		(3,694)
Unrealized gain (loss) on securities
	available for sale, net		5,382		5,382
			20,610,477		21,292,302
			$22,813,988		$27,158,190

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 38

		December 31, 2001 (Unaudited)		March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)			$18,808,855		$18,847,690
OTHER ASSETS
	Cash and cash equivalents		643,464		3,300,784
	Investments		507,604		216,934
	Notes receivable		-		755,920
	Acquisition costs		2,612,123		2,655,867
	Other assets		30,369		160,038
			$22,602,415		$25,937,233
LIABILITIES
	Accounts payable & accrued expenses (Note C)		$         -		$     2,733
	Accounts payable affiliates		26,235		-
	Capital contributions payable		1,318,487		4,429,476
	Line of credit		-		-
			1,344,722		4,432,209
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,543,100 issues and outstanding, December 31, 2001		21,258,206		21,503,064
General Partner			(4,750)		(2,277)
Unrealized gain (loss) on securities
	available for sale, net		4,237		4,237
			21,257,693		21,505,024
			$22,602,415		$25,937,233

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 39

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$16,995,090	$16,411,959
OTHER ASSETS
	Cash and cash equivalents	522,671	5,907,337
	Investments	40,039	1,463,767
	Notes receivable	1,243,567	228,455
	Acquisition costs	2,399,881	2,337,478
	Other assets	899,700	29,308
		$22,100,948	$26,378,304
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$         -	$    28,722
	Accounts payable affiliates	3,538	-
	Capital contributions payable	2,930,161	6,821,583
	Line of credit	-	-
		2,933,699	6,850,305
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,292,152 issued and outstanding, as of December 31, 2001	19,158,905	19,516,181
General Partner		(4,902)	(1,428)
Unrealized gain (loss) on securities
	available for sale, net	13,246	13,246
		19,167,249	19,527,999
		$22,100,948	$26,378,304

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 40

		December 31, 2001 (Unaudited)	March 31, 2001 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$19,009,228	$ 7,777,666
OTHER ASSETS
	Cash and cash equivalents	1,174,996	553,358
	Investments	2,286,846	-
	Notes receivable	1,321,601	-
	Acquisition costs	2,801,546	387,937
	Other assets	392,238	1,916,555
		$26,986,455	$10,635,516
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$    54,812	$    87,037
	Accounts payable affiliates	65,370	18,020
	Capital contributions payable	4,555,861	5,878,926
	Line of credit	-	2,125,548
		4,676,043	8,109,531
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,630,257 issued and outstanding, as of December 31, 2001	22,312,576	2,527,100
General Partner		(2,164)	(1,115)
Unrealized gain (loss) on securities
	available for sale, net	-	-
		22,310,412	2,525,985
		$26,986,455	$10,635,516

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
BALANCE SHEETS

Series 41*

		December 31, 2001 (Unaudited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$14,218,727
OTHER ASSETS
	Cash and cash equivalents	3,984,110
	Investments	-
	Notes receivable	1,796,908
	Acquisition costs	1,927,327
	Other assets	1,764,918
		$23,691,990
LIABILITIES
	Accounts payable & accrued expenses (Note C)	$   416,984
	Accounts payable affiliates	32,400
	Capital contributions payable	7,999,663
	Line of credit	-
		8,449,047
PARTNERS CAPITAL
Limited Partners
	Units of limited partnership interest, $10 stated value per BAC; 87,500,000 authorized BACs; 1,782,700 issued and outstanding, as of December 31, 2001	15,244,394
General Partner		(1,451)
Unrealized gain (loss) on securities
	available for sale, net	-
		15,242,943
		$23,691,990

*Series 41 did not commence operations until after March 31, 2001, therefore, it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

		2001	2000
Income
	Interest income	$    311,541	$    567,469
	Other income	23,700	28,740
		335,241	596,209
Share of loss from Operating Partnerships (Note D)		(5,640,259)	(3,799,251)
Expenses
	Professional fees	146,299	46,724
	Fund management fee (Note C)	1,214,871	1,228,245
	Organization costs	77,330	56,271
	Amortization	156,350	128,942
	General and administrative expenses	362,353	110,765
		1,957,203	1,570,947
NET INCOME (LOSS)		$(7,262,221)	$(4,773,989)
Net income (loss) allocated to limited partners		$(7,189,598)	$(4,726,249)
Net income (loss) allocated to general partner		$   (72,623)	$   (47,740)
Net income (loss) per BAC		$     (2.65)	$     (1.59)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 20

		2001	2000
Income
	Interest income	$        414	$        989
	Other income	2,550	-
		2,964	989
Share of loss from Operating Partnerships(Note D)		(482,119)	(501,964)
Expenses
	Professional fees	6,028	16,000
	Fund management fee (Note C)	89,498	73,214
	Organization costs	-	-
	Amortization	893	893
	General and administrative expenses	14,517	9,364
		110,936	99,471
NET INCOME (LOSS)		$  (590,091)	$  (600,446)
Net income (loss) allocated to limited partners		$  (584,190)	$  (594,442)
Net income (loss) allocated to general partner		$    (5,901)	$    (6,004)
Net income (loss) per BAC		$      (.15)	$      (.15)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 21

		2001	2000
Income
	Interest income	$      1,454	$     14,147
	Other income	2,700	150
		4,154	14,297
Share of loss from Operating  Partnerships(Note D)		(267,075)	(259,277)
Expenses
	Professional fees	3,969	959
	Fund management fee (Note C)	54,872	53,820
	Organization costs	-	-
	Amortization	488	488
	General and administrative expenses	10,330	3,342
		69,659	58,609
NET INCOME (LOSS)		$  (332,580)	$  (303,589)
Net income (loss) allocated to limited partners		$  (329,254)	$  (300,553)
Net income (loss) allocated to general  partner		$    (3,326)	$    (3,036)
Net income (loss) per BAC		$      (.17)	$      (.16)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 22

		2001	2000
Income
	Interest income	$      3,801	$      8,097
	Other income	1,800	3,000
		5,601	11,097
Share of loss from Operating  Partnerships(Note D)		(338,694)	(173,464)
Expenses
	Professional fees	3,436	728
	Fund management fee (Note C)	60,282	63,648
	Organization costs	-	-
	Amortization	1,535	1,535
	General and administrative expenses	12,771	3,512
		78,024	69,423
NET INCOME (LOSS)		$  (411,117)	$  (231,790)
Net income (loss) allocated to limited partners		$  (407,006)	$  (229,472)
Net income (loss) allocated to general  partner		$    (4,111)	$    (2,318)
Net income (loss) per BAC		$      (.16)	$      (.09)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 23

		2001	2000
Income
	Interest income	$        584	$      1,498
	Other income	3,000	4,290
		3,584	5,788
Share of loss from Operating Partnerships(Note D)		(417,444)	(264,378)
Expenses
	Professional fees	2,017	565
	Fund management fee (Note C)	55,627	48,502
	Organization costs	-	-
	Amortization	2,283	2,283
	General and administrative expenses	13,597	3,599
		73,524	54,949
NET INCOME (LOSS)		$  (487,384)	$  (313,539)
Net income (loss) allocated to limited partners		$  (482,510)	$  (310,404)
Net income (loss) allocated to general partner		$    (4,874)	$    (3,135)
Net income (loss) per BAC		$      (.14)	$      (.09)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 24

		2001	2000
Income
	Interest income	$      4,558	$      6,846
	Other income	-	5,550
		4,558	12,396
Share of loss from Operating Partnerships(Note D)		(382,584)	(361,158)
Expenses
	Professional fees	4,595	4,862
	Fund management fee (Note C)	57,588	58,338
	Organization costs	-	-
	Amortization	2,551	2,551
	General and administrative expenses	11,611	2,680
		76,345	68,431
NET INCOME (LOSS)		$  (454,371)	$  (417,193)
Net income (loss) allocated to limited partners		$  (449,827)	$  (413,021)
Net income (loss) allocated to general partner		$    (4,544)	$    (4,172)
Net income (loss) per BAC		$      (.21)	$      (.19)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 25

		2001	2000
Income
	Interest income	$     5,786	$    42,421
	Other income	-	-
		5,786	42,421
Share of loss from Operating  Partnerships(Note D)		(402,676)	(331,959)
Expenses
	Professional fees	2,318	2,543
	Fund management fee (Note C)	52,519	65,819
	Organization costs	-	-
	Amortization	3,805	3,805
	General and administrative expenses	13,621	4,056
		76,345	76,223
NET INCOME (LOSS)		$ (469,153)	$ (365,761)
Net income (loss) allocated to limited partners		$ (464,461)	$ (362,103)
Net income (loss) allocated to general  partner		$   (4,692)	$   (3,658)
Net income (loss) per BAC		$     (.21)	$     (.12)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 26

		2001	2000
Income
	Interest income	$       880	$     2,956
	Other income	-	11,250
		880	14,206
Share of loss from Operating Partnerships(Note D)		(321,449)	(216,628)
Expenses
	Professional fees	3,185	1,779
	Fund management fee (Note C)	77,745	101,997
	Organization costs	-	-
	Amortization	4,485	4,485
	General and administrative expenses	15,351	4,877
		100,766	113,138
NET INCOME (LOSS)		$ (421,335)	$ (315,560)
Net income (loss) allocated to limited partners		$ (417,122)	$ (312,404)
Net income (loss) allocated to general partner		$   (4,213)	$   (3,156)
Net income (loss) per BAC		$     (.10)	$     (.08)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 27

		2001	2000
Income
	Interest income	$     5,476	$    11,339
	Other income	-	-
		5,476	11,339
Share of loss from Operating Partnerships(Note D)		(108,393)	(136,547)
Expenses
	Professional fees	12,721	1,066
	Fund management fee (Note C)	78,801	78,801
	Organization costs	-	-
	Amortization	3,914	3,914
	General and administrative expenses	12,033	3,250
		107,469	87,031
NET INCOME (LOSS)		$ (210,386)	$ (212,239)
Net income (loss) allocated to limited partners		$ (208,282)	$ (210,117)
Net income (loss) allocated to general partner		$   (2,104)	$   (2,122)
Net income (loss) per BAC		$     (.08)	$     (.09)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 28

		2001	2000
Income
	Interest income	$    17,763	$    48,156
	Other income	-	-
		17,763	48,156
Share of loss from Operating  Partnerships(Note D)		(439,948)	(120,975)
Expenses
	Professional fees	3,793	3,789
	Fund management fee (Note C)	53,029	78,529
	Organization costs	-	-
	Amortization	825	825
	General and administrative expenses	18,300	5,576
		75,947	88,719
NET INCOME (LOSS)		$ (498,132)	$ (161,538)
Net income (loss) allocated to limited partners		$ (493,151)	$ (159,923)
Net income (loss) allocated to general  partner		$   (4,981)	$   (1,615)
Net income (loss) per BAC		$     (.10)	$     (.04)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 29

		2001	2000
Income
	Interest income	$    25,055	$    13,431
	Other income	-	-
		25,055	13,431
Share of loss from Operating Partnerships(Note D)		(352,218)	(291,926)
Expenses
	Professional fees	3,051	1,628
	Fund management fee (Note C)	58,995	84,495
	Organization costs	-	-
	Amortization	828	823
	General and administrative expenses	15,714	6,222
		78,588	93,168
NET INCOME (LOSS)		$ (405,751)	$ (371,663)
Net income (loss) allocated to limited partners		$ (401,693)	$ (367,946)
Net income (loss) allocated to general partner		$   (4,058)	$   (3,717)
Net income (loss) per BAC		$     (.10)	$     (.09)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 30

		2001	2000
Income
	Interest income	$    20,747	$   109,838
	Other income	-	-
		20,747	109,838
Share of loss from Operating  Partnerships(Note D)		(289,343)	(173,256)
Expenses
	Professional fees	35,302	16,605
	Fund management fee (Note C)	29,429	50,479
	Organization costs	-	-
	Amortization	5,309	5,303
	General and administrative expenses	11,838	23,909
		81,878	96,296
NET INCOME (LOSS)		$ (350,474)	$ (159,714)
Net income (loss) allocated to limited partners		$ (346,969)	$ (158,117)
Net income (loss) allocated to general  partner		$   (3,505)	$   (1,597)
Net income (loss) per BAC		$     (.13)	$     (.06)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 31

		2001	2000
Income
	Interest income	$    30,796	$    19,849
	Other income	-	-
		30,796	19,849
Share of loss from Operating Partnerships(Note D)		(436,473)	(450,542)
Expenses
	Professional fees	3,418	1,254
	Fund management fee (Note C)	96,268	98,676
	Organization costs	-	-
	Amortization	-	-
	General and administrative expenses	15,630	7,103
		115,316	107,033
NET INCOME (LOSS)		$ (520,993)	$ (537,726)
Net income (loss) allocated to limited partners		$ (515,783)	$ (532,349)
Net income (loss) allocated to general partner		$   (5,210)	$   (5,377)
Net income (loss) per BAC		$     (.12)	$     (.12)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 32

		2001	2000
Income
	Interest income	$    22,731	$   166,210
	Other income	-	-
		22,731	166,210
Share of loss from Operating Partnerships(Note D)		(323,922)	(81,397)
Expenses
	Professional fees	3,074	2,049
	Fund management fee (Note C)	67,343	82,875
	Organization costs	-	-
	Amortization	9,181	9,082
	General and administrative expenses	17,672	5,035
		97,270	99,041
NET INCOME (LOSS)		$ (398,461)	$  (14,228)
Net income (loss) allocated to limited partners		$ (394,476)	$  (14,086)
Net income (loss) allocated to general partner		$   (3,985)	$     (142)
Net income (loss) per BAC		$     (.08)	$         -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 33

		2001	2000
Income
	Interest income	$     5,822	$    28,521
	Other income	-	-
		5,822	28,521
Share of loss from Operating Partnerships(Note D)		(92,669)	(53,930)
Expenses
	Professional fees	21,193	2,381
	Fund management fee (Note C)	35,245	39,333
	Organization costs	-	-
	Amortization	6,820	6,792
	General and administrative expenses	12,725	9,547
		75,983	58,053
NET INCOME (LOSS)		$ (162,830)	$  (83,462)
Net income (loss) allocated to limited partners		$ (161,202)	$  (82,627)
Net income (loss) allocated to general Partner		$   (1,628)	$     (835)
Net income (loss) per BAC		$     (.06)	$     (.03)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 34

		2001	2000
Income
	Interest income	$       603	$    15,447
	Other income	-	-
		603	15,447
Share of loss from Operating  Partnerships(Note D)		(285,356)	(162,714)
Expenses
	Professional fees	1,563	1,125
	Fund management fee (Note C)	60,074	73,155
	Organization costs	-	-
	Amortization	10,984	10,815
	General and administrative expenses	14,499	4,343
		87,120	89,438
NET INCOME (LOSS)		$ (371,873)	$ (236,705)
Net income (loss) allocated to limited partners		$ (368,154)	$ (234,338)
Net income (loss) allocated to general  partner		$   (3,719)	$   (2,367)
Net income (loss) per BAC		$     (.10)	$     (.07)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 35

		2001	2000
Income
	Interest income	$    35,306	$    55,294
	Other income	-	-
		35,306	55,294
Share of loss from Operating  Partnerships(Note D)		(270,570)	(227,598)
Expenses
	Professional fees	2,824	4,605
	Fund management fee (Note C)	57,051	54,660
	Organization costs	-	-
	Amortization	32,310	30,673
	General and administrative expenses	15,553	4,249
		107,738	94,187
NET INCOME (LOSS)		$ (343,002)	$ (266,491)
Net income (loss) allocated to limited partners		$ (339,572)	$ (263,826)
Net income (loss) allocated to general  partner		$   (3,430)	$   (2,665)
Net income (loss) per BAC		$     (.10)	$     (.08)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 36

		2001	2000
Income
	Interest income	$     1,390	$     2,925
	Other income	-	-
		1,390	2,925
Share of loss from Operating Partnerships(Note D)		(186,130)	(131,843)
Expenses
	Professional fees	1,395	4,049
	Fund management fee (Note C)	40,188	41,571
	Organization costs	-	-
	Amortization	21,090	22,628
	General and administrative expenses	13,829	5,010
		76,502	73,258
NET INCOME (LOSS)		$ (261,242)	$ (202,176)
Net income (loss) allocated to limited partners		$ (258,630)	$ (200,154)
Net income (loss) allocated to general partner		$   (2,612)	$   (2,022)
Net income (loss) per BAC		$     (.12)	$     (.10)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 37

		2001	2000
Income
	Interest income	$     1,218	$    65,439
	Other income	-	-
		1,218	65,439
Share of loss from Operating  Partnerships(Note D)		(150,690)	(45,367)
Expenses
	Professional fees	1,755	3,848
	Fund management fee (Note C)	43,956	26,697
	Organization costs	-	22,047
	Amortization	23,696	-
	General and administrative expenses	14,044	5,892
		83,451	58,484
NET INCOME (LOSS)		$ (232,923)	$  (38,412)
Net income (loss) allocated to limited partners		$ (230,594)	$  (38,028)
Net income (loss) allocated to general  partner		$   (2,329)	$     (384)
Net income (loss) per BAC		$     (.09)	$     (.02)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 38

		2001	2000
Income
	Interest income	$    35,085	$    35,250
	Other income	13,650	-
		48,735	35,250
Share of loss from Operating  Partnerships(Note D)		(22,593)	76
Expenses
	Professional fees	4,086	3,700
	Fund management fee (Note C)	40,533	36,738
	Organization costs	-	-
	Amortization	24,717	-
	General and administrative expenses	19,190	9,402
		88,526	49,840
NET INCOME (LOSS)		$  (62,384)	$  (14,514)
Net income (loss) allocated to limited partners		$  (61,760)	$  (14,369)
Net income (loss) allocated to general  partner		$     (624)	$     (145)
Net income (loss) per BAC		$     (.02)	$     (.01)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 39

		2001	2000
Income
	Interest income	$     11,252	$     6,460
	Other income	-	-
		11,252	6,460
Share of loss from Operating  Partnerships(Note D)		(69,774)	-
Expenses
	Professional fees	4,825	1,635
	Fund management fee (Note C)	30,520	-
	Organization costs	-	56,271
	Amortization	636	-
	General and administrative expenses	23,145	11,712
		59,126	69,618
NET INCOME (LOSS)		$ (117,648)	$  (63,158)
Net income (loss) allocated to limited partners		$ (116,472)	$  (62,526)
Net income (loss) allocated to general  partner		$   (1,176)	$     (632)
Net income (loss) per BAC		$     (.05)	$      (.04)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 40*

		2001
Income
	Interest income	$    77,437
	Other income	-
		77,437
Share of loss from Operating Partnerships(Note D)		(139)
Expenses
	Professional fees	11,405
	Fund management fee (Note C)	49,236
	Organization costs	-
	Amortization	-
	General and administrative expenses	34,209
		94,850
NET INCOME (LOSS)		$  (17,552)
Net income (loss) allocated to limited partners		$  (17,376)
Net income (loss) allocated to general partner		$     (176)
Net income (loss) per BAC		$     (.01)

*Series 40 did not commence operations until after December 31,2000, therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 41*

		2001
Income
	Interest income	$    3,383
	Other income	-
		3,383
Share of loss from Operating Partnerships(Note D)		-
Expenses
	Professional fees	10,346
	Fund management fee (Note C)	26,072
	Organization costs	77,330
	Amortization	-
	General and administrative expenses	32,174
		145,922
NET INCOME (LOSS)		$ (142,539)
Net income (loss) allocated to limited partners		$ (141,114)
Net income (loss) allocated to general partner		$   (1,425)
Net income (loss) per BAC		$     (.35)

*Series 41 did not commence operations until after December 31,2000, therefore it does not have comparative information to report

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

		2001	2000
Income
	Interest income	$     747,386	$   2,060,683
	Other income	12,386	28,739
		759,772	2,089,422
Share of loss from Operating Partnerships (Note D)		(17,093,596)	(12,201,390)
Expenses
	Professional fees	571,484	429,998
	Fund management fee (Note C)	3,646,768	3,458,921
	Organization costs	105,266	56,271
	Amortization	423,009	379,662
	General and administrative expenses	654,389	734,673
		5,400,916	5,059,525
NET INCOME (LOSS)		$(21,734,740)	$(15,171,493)
Net income (loss) allocated to limited partners		$(21,518,395)	$(15,019,778)
Net income (loss) allocated to general partner		$   (216,345)	$   (151,715)
Net income (loss) per BAC		$      (7.31)	$      (4.90)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

		2001	2000
Income
	Interest income	$      1,834	$      3,401
	Other income	4,886	4,500
		6,720	7,901
Share of loss from Operating Partnerships(Note D)		(1,369,046)	(1,211,266)
Expenses
	Professional fees	26,567	19,516
	Fund management fee (Note C)	246,719	242,559
	Organization costs	-	-
	Amortization	2,679	2,679
	General and administrative expenses	26,587	21,343
		302,552	286,097
NET INCOME (LOSS)		$(1,664,878)	$(1,489,462)
Net income (loss) allocated to limited partners		$(1,648,229)	$(1,474,567)
Net income (loss) allocated to general partner		$   (16,649)	$   (14,895)
Net income (loss) per BAC		$      (.43)	$      (.38)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

		2001	2000
Income
	Interest income	$      8,153	$     35,783
	Other income	2,700	150
		10,853	35,933
Share of loss from Operating  Partnerships(Note D)		(807,373)	(746,022)
Expenses
	Professional fees	18,687	14,519
	Fund management fee (Note C)	165,472	161,100
	Organization costs	-	-
	Amortization	1,465	1,465
	General and administrative expenses	18,455	16,443
		204,079	193,527
NET INCOME (LOSS)		$(1,000,599)	$  (903,616)
Net income (loss) allocated to limited partners		$  (990,593)	$  (894,580)
Net income (loss) allocated to general  partner		$   (10,006)	$    (9,036)
Net income (loss) per BAC		$      (.52)	$      (.47)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

		2001	2000
Income
	Interest income	$      9,814	$     20,222
	Other income	1,800	3,000
		11,614	23,222
Share of loss from Operating  Partnerships(Note D)		(967,379)	(839,524)
Expenses
	Professional fees	25,092	19,675
	Fund management fee (Note C)	170,639	170,203
	Organization costs	-	-
	Amortization	4,605	4,605
	General and administrative expenses	23,041	18,442
		223,377	212,925
NET INCOME (LOSS)		$(1,179,142)	$(1,029,227)
Net income (loss) allocated to limited partners		$(1,167,351)	$(1,018,935)
Net income (loss) allocated to general  partner		$   (11,791)	$   (10,292)
Net income (loss) per BAC		$      (.46)	$      (.40)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

		2001	2000
Income
	Interest income	$      3,774	$      6,745
	Other income	3,000	4,289
		6,774	11,034
Share of loss from Operating Partnerships(Note D)		(920,552)	(852,075)
Expenses
	Professional fees	21,678	17,897
	Fund management fee (Note C)	157,416	150,134
	Organization costs	-	-
	Amortization	6,848	5,406
	General and administrative expenses	24,957	19,943
		210,899	193,380
NET INCOME (LOSS)		$(1,124,677)	$(1,034,421)
Net income (loss) allocated to limited partners		$(1,113,430)	$(1,024,077)
Net income (loss) allocated to general partner		$   (11,247)	$   (10,344)
Net income (loss) per BAC		$      (.33)	$      (.31)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 24

		2001	2000
Income
	Interest income	$     11,463	$     17,532
	Other income	-	5,550
		11,463	23,082
Share of loss from Operating Partnerships(Note D)		(1,004,268)	(1,064,368)
Expenses
	Professional fees	43,976	36,040
	Fund management fee (Note C)	170,064	173,889
	Organization costs	-	-
	Amortization	7,653	7,653
	General and administrative expenses	22,413	19,545
		244,106	237,127
NET INCOME (LOSS)		$(1,236,911)	$(1,278,413)
Net income (loss) allocated to limited partners		$(1,224,542)	$(1,265,629)
Net income (loss) allocated to general partner		$   (12,369)	$   (12,784)
Net income (loss) per BAC		$      (.56)	$      (.58)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 25

		2001	2000
Income
	Interest income	$     14,771	$     68,069
	Other income	-	-
		14,771	68,069
Share of loss from Operating  Partnerships(Note D)		(967,482)	(1,047,328)
Expenses
	Professional fees	23,940	27,132
	Fund management fee (Note C)	178,157	190,677
	Organization costs	-	-
	Amortization	11,414	11,414
	General and administrative expenses	24,610	21,393
		238,121	250,616
NET INCOME (LOSS)		$(1,190,832)	$(1,229,875)
Net income (loss) allocated to limited partners		$(1,178,924)	$(1,217,576)
Net income (loss) allocated to general  partner		$   (11,908)	$   (12,299)
Net income (loss) per BAC		$      (.39)	$      (.40)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

		2001	2000
Income
	Interest income	$      3,493	$     55,778
	Other income	-	11,250
		3,493	67,028
Share of loss from Operating Partnerships(Note D)		(1,275,359)	(746,686)
Expenses
	Professional fees	34,474	28,523
	Fund management fee (Note C)	280,959	292,535
	Organization costs	-	-
	Amortization	13,454	13,166
	General and administrative expenses	27,810	22,794
		356,697	357,018
NET INCOME (LOSS)		$(1,628,563)	$(1,036,676)
Net income (loss) allocated to limited partners		$(1,612,277)	$(1,026,309)
Net income (loss) allocated to general partner		$   (16,286)	$   (10,367)
Net income (loss) per BAC		$      (.40)	$      (.26)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

		2001	2000
Income
	Interest income	$    15,082	$    30,889
	Other income	-	-
		15,082	30,889
Share of loss from Operating Partnerships(Note D)		(521,597)	(586,626)
Expenses
	Professional fees	33,063	16,571
	Fund management fee (Note C)	213,948	212,573
	Organization costs	-	-
	Amortization	11,741	11,741
	General and administrative expenses	21,252	16,349
		280,004	257,234
NET INCOME (LOSS)		$ (786,519)	$ (812,971)
Net income (loss) allocated to limited partners		$ (778,654)	$ (804,841)
Net income (loss) allocated to general partner		$   (7,865)	$   (8,130)
Net income (loss) per BAC		$     (.32)	$     (.33)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

		2001	2000
Income
	Interest income	$     54,639	$   138,513
	Other income	-	-
		54,639	138,513
Share of loss from Operating  Partnerships(Note D)		(1,178,434)	(791,224)
Expenses
	Professional fees	34,875	27,432
	Fund management fee (Note C)	200,779	240,252
	Organization costs	-	-
	Amortization	2,475	2,475
	General and administrative expenses	34,413	31,597
		272,542	301,756
NET INCOME (LOSS)		$(1,396,337)	$ (954,467)
Net income (loss) allocated to limited partners		$(1,382,374)	$ (944,922)
Net income (loss) allocated to general  partner		$   (13,963)	$   (9,545)
Net income (loss) per BAC		$      (.35)	$     (.24)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 29

		2001	2000
Income
	Interest income	$     41,135	$     79,797
	Other income	-	-
		41,135	79,797
Share of loss from Operating Partnerships(Note D)		(1,163,614)	(905,672)
Expenses
	Professional fees	28,670	21,842
	Fund management fee (Note C)	222,638	231,019
	Organization costs	-	-
	Amortization	2,484	2,449
	General and administrative expenses	30,425	36,536
		284,217	291,846
NET INCOME (LOSS)		$(1,406,696)	$(1,117,721)
Net income (loss) allocated to limited partners		$(1,392,629)	$(1,106,544)
Net income (loss) allocated to general partner		$   (14,067)	$   (11,177)
Net income (loss) per BAC		$      (.35)	$      (.28)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

		2001	2000
Income
	Interest income	$     35,974	$   166,713
	Other income	-	-
		35,974	166,713
Share of loss from Operating  Partnerships(Note D)		(929,956)	(553,487)
Expenses
	Professional fees	58,985	24,252
	Fund management fee (Note C)	125,737	141,937
	Organization costs	-	-
	Amortization	15,927	15,904
	General and administrative expenses	21,771	45,760
		222,420	227,853
NET INCOME (LOSS)		$(1,116,402)	$ (614,627)
Net income (loss) allocated to limited partners		$(1,105,238)	$ (608,481)
Net income (loss) allocated to general  partner		$   (11,164)	$   (6,146)
Net income (loss) per BAC		$      (.42)	$     (.23)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

		2001	2000
Income
	Interest income	$     63,014	$    111,806
	Other income	-	-
		63,014	111,806
Share of loss from Operating Partnerships(Note D)		(1,518,946)	(1,243,646)
Expenses
	Professional fees	33,104	24,859
	Fund management fee (Note C)	252,938	241,728
	Organization costs	-	-
	Amortization	-	-
	General and administrative expenses	31,436	45,364
		317,478	311,951
NET INCOME (LOSS)		$(1,773,410)	$(1,443,791)
Net income (loss) allocated to limited partners		$(1,755,676)	$(1,429,353)
Net income (loss) allocated to general partner		$   (17,734)	$   (14,438)
Net income (loss) per BAC		$      (.40)	$      (.32)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

		2001	2000
Income
	Interest income	$     44,770	$   291,236
	Other income	-	-
		44,770	291,236
Share of loss from Operating Partnerships(Note D)		(762,995)	(463,456)
Expenses
	Professional fees	32,336	25,937
	Fund management fee (Note C)	221,806	240,625
	Organization costs	-	-
	Amortization	27,443	27,221
	General and administrative expenses	34,467	64,134
		316,052	357,917
NET INCOME (LOSS)		$(1,034,277)	$ (530,137)
Net income (loss) allocated to limited partners		$(1,023,934)	$ (524,836)
Net income (loss) allocated to general partner		$   (10,343)	$   (5,301)
Net income (loss) per BAC		$      (.22)	$     (.11)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 33

		2001	2000
Income
	Interest income	$    19,995	$   168,306
	Other income	-	-
		19,995	168,306
Share of loss from Operating Partnerships(Note D)		(313,896)	(197,782)
Expenses
	Professional fees	33,739	19,078
	Fund management fee (Note C)	94,819	119,579
	Organization costs	-	-
	Amortization	20,460	20,264
	General and administrative expenses	22,523	60,997
		171,541	219,918
NET INCOME (LOSS)		$ (465,442)	$ (249,394)
Net income (loss) allocated to limited partners		$ (460,788)	$ (246,900)
Net income (loss) allocated to general Partner		$   (4,654)	$   (2,494)
Net income (loss) per BAC		$     (.17)	$     (.09)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

		2001	2000
Income
	Interest income	$      4,611	$    122,257
	Other income	-	-
		4,611	122,257
Share of loss from Operating  Partnerships(Note D)		(869,109)	(287,699)
Expenses
	Professional fees	17,838	22,371
	Fund management fee (Note C)	198,054	219,465
	Organization costs	-	-
	Amortization	32,955	32,241
	General and administrative expenses	25,287	48,120
		274,134	322,197
NET INCOME (LOSS)		$(1,138,632)	$ (487,639)
Net income (loss) allocated to limited partners		$(1,127,246)	$ (482,763)
Net income (loss) allocated to general  partner		$   (11,386)	$   (4,876)
Net income (loss) per BAC		$      (.32)	$     (.14)

The accompanying notes are an integral part of this statement.

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

		2001	2000
Income
	Interest income	$     71,820	$   209,033
	Other income	-	-
		71,820	209,033
Share of loss from Operating  Partnerships(Note D)		(1,048,478)	(461,816)
Expenses
	Professional fees	12,976	20,860
	Fund management fee (Note C)	161,753	158,980
	Organization costs	-	-
	Amortization	96,939	91,402
	General and administrative expenses	31,144	88,137
		302,812	359,379
NET INCOME (LOSS)		$(1,279,470)	$ (612,162)
Net income (loss) allocated to limited partners		$(1,267,675)	$ (606,040)
Net income (loss) allocated to general  partner		$   (11,795)	$   (6,122)
Net income (loss) per BAC		$      (.38)	$     (.18)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 36

		2001	2000
Income
	Interest income	$     4,165	$    57,029
	Other income	-	-
		4,165	57,029
Share of loss from Operating Partnerships(Note D)		(575,682)	(157,422)
Expenses
	Professional fees	11,156	31,738
	Fund management fee (Note C)	114,707	119,185
	Organization costs	-	-
	Amortization	65,321	64,935
	General and administrative expenses	22,642	31,025
		213,826	246,883
NET INCOME (LOSS)		$ (785,343)	$ (347,276)
Net income (loss) allocated to limited partners		$ (777,490)	$ (343,803)
Net income (loss) allocated to general partner		$   (7,853)	$   (3,473)
Net income (loss) per BAC		$     (.37)	$     (.16)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

		2001	2000
Income
	Interest income	$    10,224	$   299,073
	Other income	-	-
		10,224	299,073
Share of loss from Operating  Partnerships(Note D)		(459,799)	(45,367)
Expenses
	Professional fees	12,498	19,487
	Fund management fee (Note C)	123,850	80,091
	Organization costs	-	-
	Amortization	71,016	64,642
	General and administrative expenses	24,886	62,065
		232,250	226,285
NET INCOME (LOSS)		$ (681,825)	$    27,421
Net income (loss) allocated to limited partners		$ (675,007)	$    27,147
Net income (loss) allocated to general  partner		$   (6,818)	$       274
Net income (loss) per BAC		$     (.27)	$       .01

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

		2001	2000
Income
	Interest income	$    90,796	$   170,096
	Other income	-	-
		90,796	170,096
Share of loss from Operating  Partnerships(Note D)		(141,218)	76
Expenses
	Professional fees	15,101	9,884
	Fund management fee (Note C)	121,599	72,390
	Organization costs	-	-
	Amortization	26,222	-
	General and administrative expenses	33,951	37,917
		196,873	120,191
NET INCOME (LOSS)		$ (247,295)	$    49,981
Net income (loss) allocated to limited partners		$ (244,822)	$    49,481
Net income (loss) allocated to general  partner		$   (2,473)	$       500
Net income (loss) per BAC		$     (.10)	$       .02

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

		2001	2000
Income
	Interest income	$    115,782	$     8,405
	Other income	-	-
		115,782	8,405
Share of loss from Operating  Partnerships(Note D)		(298,274)	-
Expenses
	Professional fees	23,975	2,385
	Fund management fee (Note C)	89,488	-
	Organization costs	-	56,271
	Amortization	1,908	-
	General and administrative expenses	49,584	26,769
		164,955	85,425
NET INCOME (LOSS)		$ (347,447)	$  (77,020)
Net income (loss) allocated to limited partners		$ (343,973)	$  (76,250)
Net income (loss) allocated to general  partner		$   (3,474)	$     (770)
Net income (loss) per BAC		$     (.15)	$     (.05)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 40*

		2001
Income
	Interest income	$   115,521
	Other income	-
		115,521
Share of loss from Operating Partnerships(Note D)		(139)
Expenses
	Professional fees	18,408
	Fund management fee (Note C)	109,154
	Organization costs	27,936
	Amortization	-
	General and administrative expenses	64,805
		220,303
NET INCOME (LOSS)		$ (104,921)
Net income (loss) allocated to limited partners		$ (103,872)
Net income (loss) allocated to general partner		$   (1,049)
Net income (loss) per BAC		$     (.04)

*Series 40 did not commence operations until after December 31,2000, therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 41*

		2001
Income
	Interest income	$     6,556
	Other income	-
		6,556
Share of loss from Operating Partnerships(Note D)		-
Expenses
	Professional fees	10,346
	Fund management fee (Note C)	26,072
	Organization costs	77,330
	Amortization	-
	General and administrative expenses	37,930
		151,678
NET INCOME (LOSS)		$ (145,122)
Net income (loss) allocated to limited partners		$ (143,671)
Net income (loss) allocated to general partner		$   (1,451)
Net income (loss) per BAC		$     (.36)

*Series 41 did not commence operations until after December 31,2000, therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31,
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Partners' capital (deficit)   April 1, 2001	$ 425,102,598	$ (1,084,457)	$     83,944	$ 424,102,085
Capital contributions	40,720,250	-	-	40,720,250
Selling commissions and   registration costs	(5,456,176)	- -	- -	(5,456,176)
Net income (loss)	(21,518,395)	(216,345)	-	(21,734,740)
Partners' capital (deficit),   December 31, 2001	$ 438,848,277	$ (1,300,802)	$     83,944	$ 437,631,419

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31,
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 20
Partners' capital (deficit)   April 1, 2001	$ 15,564,875	$  (176,683)	$          -	$ 15,388,192
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,648,229)	(16,649)	-	(1,664,878)
Partners' capital (deficit),   December 31, 2001	$ 13,916,646	$  (193,332)	$         -	$ 13,723,314
Series 21
Partners' capital (deficit)   April 1, 2001	$  6,211,561	$  (100,845)	$     1,196	$  6,111,912
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(990,593)	(10,006)	-	(1,000,599)
Partners' capital (deficit),   December 31, 2001	$  5,220,968	$  (110,851)	$     1,196	$  5,111,313

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31,
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 22
Partners' capital (deficit)   April 1, 2001	$ 12,134,081	$   (98,728)	$        651	$ 12,036,004
Capital contributions	-	-	-	-
Selling commissions and registration costs	- -	- -	- -	- -
Net income (loss)	(1,167,351)	(11,791)	-	(1,179,142)
Partners' capital (deficit),   December 31, 2001	$ 10,966,730	$  (110,519)	$        651	$ 10,856,862
Series 23
Partners' capital (deficit)   April 1, 2001	$ 19,173,104	$   (94,056)	$         -	$ 19,079,048
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,113,430)	(11,247)	-	(1,124,677)
Partners' capital (deficit),   December 31, 2001	$ 18,059,674	$  (105,303)	$          -	$ 17,954,371

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31,
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 24
Partners' capital  (deficit)   April 1, 2001	$ 10,837,860	$   (77,697)	$        793	$ 10,760,956
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,224,542)	(12,369)	-	(1,236,911)
Partners' capital (deficit),   December 31, 2001	$  9,613,318	$   (90,066)	$        793	$  9,524,045
Series 25
Partners' capital (deficit)   April 1, 2001	$ 17,658,519	$   (81,676)	$        965	$ 17,577,808
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,178,924)	(11,908)	-	(1,190,832)
Partners' capital (deficit),   December 31, 2001	$ 16,479,595	$    (93,584)	$        965	$ 16,386,976

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 26
Partners' capital (deficit)   April 1, 2001	$ 26,920,058	$   (71,770)	$          -	$ 26,848,288
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,612,277)	(16,286)	-	(1,628,563)
Partners' capital (deficit),   December 31, 2001	$ 25,307,781	$    (88,056)	$          -	$ 25,219,725
Series 27
Partners' capital (deficit)   April 1, 2001	$ 15,955,653	$    (47,364)	$      1,121	$ 15,909,410
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(778,654)	(7,865)	-	(786,519)
Partners' capital (deficit),   December 31, 2001	$ 15,176,999	$    (55,229)	$      1,121	$ 15,122,891

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 28
Partners' capital (deficit)   April 1, 2001	$ 29,851,361	$   (45,692)	$      4,393	$ 29,810,062
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,382,374)	(13,963)	-	(1,396,337)
Partners' capital (deficit),   December 31, 2001	$ 28,468,987	$   (59,655)	$      4,393	$ 28,413,725
Series 29
Partners' capital (deficit)   April 1, 2001	$ 27,373,353	$   (65,569)	$      6,085	$ 27,313,869
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,392,629)	(14,067)	-	(1,406,696)
Partners' capital (deficit),   December, 2001	$ 25,980,724	$    (79,636)	$      6,085	$ 25,907,173

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 30
Partners' capital (deficit)   April 1, 2001	$ 20,200,230	$   (25,307)	$      4,661	$ 20,179,584
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,105,238)	(11,164)	-	(1,116,402)
Partners' capital (deficit),   December 31, 2001	$ 19,094,992	$   (36,471)	$      4,661	$ 19,063,182
Series 31
Partners' capital (deficit)   April 1, 2001	$ 31,349,114	$   (66,433)	$      9,568	$ 31,292,249
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,755,676)	(17,734)	-	(1,773,410)
Partners' capital (deficit),   December 31, 2001	$ 29,593,438	$   (84,167)	$      9,568	$ 29,518,839

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 32
Partners' capital (deficit)   April 1, 2001	$ 36,615,677	$   (40,611)	$      9,478	$ 36,584,544
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,023,934)	(10,343)	-	(1,034,277)
Partners' capital (deficit),   December 31, 2001	$ 35,591,743	$     50,954	$      9,478	$ 35,550,267
Series 33
Partners' capital (deficit)   April 1, 2001	$ 20,701,961	$   (18,951)	$     12,193	$ 20,695,203
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(460,788)	(4,654)	-	(465,442)
Partners' capital (deficit),   December 31, 2001	$ 20,241,173	$   (23,605)	$     12,193	$ 20,229,761

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 34
Partners' capital (deficit)   April 1, 2001	$ 26,987,961	$   (30,838)	$          -	$ 26,957,123
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	- -
Net income (loss)	(1,127,246)	(11,386)	-	(1,138,632)
Partners' capital (deficit),   December 31, 2001	$ 25,860,715	$   (42,224)	$          -	$ 25,818,491
Series 35
Partners' capital (deficit)   April 1, 2001	$ 25,851,826	$   (23,744)	$      9,975	$ 25,838,057
Capital contributions	-	-	-	-
Selling commissions and   registration costs	-	-	-	-
Net income (loss)	(1,267,675)	(11,795)	-	(1,279,470)
Partners' capital (deficit),   December 31, 2001	$ 24,584,151	$   (35,539)	$      9,975	$ 24,558,587

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 36
Partners' capital (deficit)   April 1, 2001	$ 16,878,445	$     (9,979)	$          -	$ 16,868,466
Capital contributions	-	-	-	-
Selling commissions and   registration costs	- -	- -	- -	-
Net income (loss)	(777,490)	(7,853)	-	(785,343)
Partners' capital (deficit),   December 31, 2001	$ 16,100,955	$    (17,832)	$          -	$ 16,083,123
Series 37
Partners' capital (deficit)   April 1, 2001	$ 21,290,614	$     (3,694)	$      5,382	$ 21,292,302
Capital contributions	-	-	-	-
Selling commissions and   registration costs	-	-	-	-
Net income (loss)	(675,007)	(6,818)	-	(681,825)
Partners' capital (deficit),   December 31, 2001	$ 20,615,607	$    (10,512)	$      5,382	$ 20,610,477

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 38
Partners' capital (deficit)   April 1, 2001	$ 21,503,064	$    (2,277)	$      4,237	$ 21,505,024
Capital contributions	-	-	-	-
Selling commissions and   registration costs	(36)	- -	- -	(36)
Net income (loss)	(244,822)	(2,473)	-	(247,295)
Partners' capital (deficit),   December 31, 2001	$ 21,258,206	$    (4,750)	$      4,237	$ 21,257,693
Series 39
Partners' capital (deficit)   April 1, 2001	$ 19,516,181	$    (1,428)	$     13,246	$ 19,527,999
Capital contributions	-	-	-	-
Selling commissions and   registration costs	(13,303)	- -	-	(13,303)
Net income (loss)	(343,973)	(3,474)	-	(347,447)
Partners' capital (deficit),   December 31, 2001	$ 19,158,905	$    (4,902)	$     13,246	$ 19,167,249

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Nine Months Ended December 31, 2001
(Unaudited)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 40
Partners' capital (deficit)   April 1, 2001	$ 2,527,100	$    (1,115)	$          -	$  2,525,985
Capital contributions	22,893,250	-	-	22,893,250
Selling commissions and   registration costs	(3,003,902)	- -	- -	(3,003,902)
Net income (loss)	(103,872)	(1,049)	-	(104,921)
Partners' capital (deficit),   December 31, 2001	$ 22,312,576	$    (2,164)	$          -	$ 22,310,412

Series 41
Partners' capital (deficit)   April 1, 2001	$          -	$          -	$          -	$          -
Capital contributions	17,827,000	-	-	17,827,000
Selling commissions and   registration costs	(2,438,935)	- -	- -	(2,438,935)
Net income (loss)	(143,671)	(1,451)	-	(145,122)
Partners' capital (deficit),   December 31, 2001	$ 15,244,394	$    (1,451)	$          -	$ 15,242,943

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(21,734,740)	$(15,171,493)
	Adjustments
		Amortization		423,009	379,662
		Distributions from Operating   Partnerships		127,035	91,241
		Share of Loss from Operating   Partnerships		17,093,596	12,201,390
	Changes in assets and liabilities
		Decrease (Increase) in    organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		319,837	(87,487)
		Decrease (Increase) in prepaid   expenses		- -	- -
		Decrease (Increase) in accounts   receivable		1,307,885	(1,660,946)
		(Decrease) Increase in accounts   payable affiliates		2,200,498	2,083,411
		Line of credit		(2,125,548)	(707,516)
			Net cash (used in) provided by  operating activities	(2,388,428)	2,871,738
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(4,577,446)	(4,331,975)
	Capital contributions paid to    Operating Partnerships			(34,758,923)	(46,606,651)
	Advances to Operating Partnerships			(2,399,638)	3,155,610
	Investments			1,808,773	23,099,483
			Net cash (used in) provided by investing activities	(39,927,234)	(24,683,533)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		(5,456,176)	(5,183,308)
	Capital contributions received		40,720,250	37,438,000
		Net cash (used in) provided by financing activities	35,264,074	32,254,692
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(7,051,588)	4,699,421
Cash and cash equivalents, beginning			21,596,216	15,484,389
Cash and cash equivalents, ending			$  14,544,628	$  20,183,810
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$ (7,051,588)	$  18,164,538

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 20

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,664,878)	$(1,489,462)
	Adjustments
		Amortization		2,679	2,679
		Distributions from Operating   Partnerships		10,437	15,172
		Share of Loss from Operating   Partnerships		1,369,046	1,211,266
	Changes in assets and liabilities
		Decrease (Increase) in    organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		(116,326)	(127,220)
		(Decrease) Increase in accounts   payable affiliates		400,823	284,436
		Line of credit		-	-
			Net cash (used in) provided by  operating activities	1,781	(103,129)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to    Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-
			Net cash (used in) provided by investing activities	-	-

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 20

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			1,781	(103,129)
Cash and cash equivalents, beginning			179,335	312,723
Cash and cash equivalents, ending			$    181,116	$    209,594
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 21

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,000,599)	$  (903,616)
	Adjustments
		Amortization		1,465	1,465
		Distributions from Operating   Partnerships		10,499	436
		Share of Loss from Operating   Partnerships		807,373	746,022
	Changes in assets and liabilities
		Decrease (Increase) in    organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		939	(187)
		(Decrease) Increase in accounts   payable affiliates		(30,620)	69,380
		Line of credit		-	-
			Net cash (used in) provided by  operating activities	(210,943)	(86,500)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to    Operating Partnerships			- -	- -
	Advances to Operating Partnerships			-	-
	Investments			222,381	267,604
			Net cash (used in) provided by investing activities	222,381	267,604

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 21

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			11,438	181,104
Cash and cash equivalents, beginning			235,224	272,223
Cash and cash equivalents, ending			246,662	453,327
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 22

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,179,142)	$(1,029,227)
	Adjustments
		Amortization		4,605	4,605
		Distributions from Operating   Partnerships		6,861	3,910
		Share of Loss from Operating   Partnerships		967,379	839,524
	Changes in assets and liabilities
		Decrease (Increase) in    organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in prepaid   expenses		- -	- -
		Decrease (Increase) in accounts   receivable		(4,781)	(100)
		(Decrease) Increase in accounts   payable affiliates		190,944	190,946
		Line of credit		-	-
			Net cash (used in) provided by  operating activities	(14,134)	9,658
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to    Operating Partnerships			(51,114)	- -
	Advances to Operating Partnerships			-	-
	Investments			(48,219)	141,852
			Net cash (used in) provided by investing activities	(99,333)	141,852

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 22

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(113,467)	151,510
Cash and cash equivalents, beginning			352,021	271,654
Cash and cash equivalents, ending			$    238,554	$    423,164
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 23

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$ (1,124,677)	$(1,034,421)
	Adjustments
		Amortization		6,848	5,406
		Distributions from Operating   Partnerships		5,238	315
		Share of Loss from Operating   Partnerships		920,552	852,075
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in prepaid   expenses		- -	- -
		Decrease (Increase) in accounts   receivable		34,087	- -
		(Decrease) Increase in accounts   payable affiliates		55,197	180,199
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(102,755)	3,574
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to   Operating Partnerships			(340,835)	- -
	Advances to Operating Partnerships			306,751	-
	Investments			-	-
			Net cash (used in) provided by investing activities	(34,084)	-

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 23

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(136,839)	3,574
Cash and cash equivalents, beginning			293,829	339,179
Cash and cash equivalents, ending			$    156,990	$    342,753
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 24

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (1,236,911)	$(1,278,413)
	Adjustments
		Amortization		7,653	7,653
		Distributions from Operating   Partnerships		4,051	- -
		Share of Loss from Operating   Partnerships		1,004,268	1,064,368
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		3	- -
		Decrease (Increase) in accounts   receivable		(4,433)	(28,415)
		(Decrease) Increase in accounts   payable affiliates		175,014	75,014
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(50,358)	(159,793)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to   Operating Partnerships			- -	- -
	Advances to Operating Partnerships			-	-
	Investments			(58,890)	120,474
			Net cash (used in) provided by investing activities	(58,890)	120,474

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 24

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(109,248)	(39,319)
Cash and cash equivalents, beginning			362,301	294,853
Cash and cash equivalents, ending			$    253,053	$    255,534
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 25

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$ (1,190,832)	$(1,229,875)
	Adjustments
		Amortization		11,414	11,414
		Distributions from Operating   Partnerships		19,293	4,106
		Share of Loss from Operating   Partnerships		967,482	1,047,328
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		30,681	(30,193)
		(Decrease) Increase in accounts   payable affiliates		204,507	204,507
		Line of credit		-	-
			Net cash (used in) provided by operating activities	42,545	7,287
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to   Operating Partnerships			(21,500)	(352,859)
	Advances to Operating Partnerships			-	-
	Investments			(71,063)	275,712
			Net cash (used in) provided by investing activities	(92,563)	(77,147)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 25

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(50,018)	(69,860)
Cash and cash equivalents, beginning			494,183	526,832
Cash and cash equivalents, ending			$    444,165	$    456,972
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 26

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,628,563)	$(1,036,676)
	Adjustments
		Amortization		13,454	13,166
		Distributions from Operating   Partnerships		13,449	26,510
		Share of Loss from Operating   Partnerships		1,275,359	746,686
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		(18,290)	329,668
		(Decrease) Increase in accounts   payable affiliates		328,185	328,182
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(16,406)	407,536
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to   Operating Partnerships			- -	(509,633)
	Advances to Operating Partnerships			-	-
	Investments			-	217,461
			Net cash (used in) provided by investing activities	-	(292,172)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 26

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(16,406)	115,364
Cash and cash equivalents, beginning			335,066	201,802
Cash and cash equivalents, ending			$    318,660	$    317,166
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 27

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (786,519)	$  (812,971)
	Adjustments
		Amortization		11,741	11,741
		Distributions from Operating   Partnerships		8,140	5,863
		Share of Loss from Operating   Partnerships		521,597	586,626
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		821	536,924
		(Decrease) Increase in accounts   payable affiliates		136,403	236,403
		Line of credit		-	-
			Net cash (used in) provided by Operating activities	(107,817)	564,586
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to   Operating Partnerships			(109,512)	(786,384)
	Advances to Operating Partnerships			-	99,549
	Investments			(7,543)	357,449
			Net cash (used in) provided by investing activities	(117,055)	(329,336)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 27

		2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid	-	-
	Capital contributions received	-	-
	Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(224,872)	235,250
Cash and cash equivalents, beginning		647,352	250,061
Cash and cash equivalents, ending		$    422,480	$    485,311
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships		$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 28

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$ (1,396,337)	$  (954,467)
	Adjustments
		Amortization		2,475	2,475
		Distributions from Operating   Partnerships		21,949	2,558
		Share of Loss from Operating   Partnerships		1,178,434	791,224
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		3,243	6,155
		(Decrease) Increase in accounts   payable affiliates		- -	- -
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(190,236)	(152,055)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	- -
	Capital contributions paid to   Operating Partnerships			(596,003)	(1,725,082)
	Advances to Operating Partnerships			(275,000)	1,477,458
	Investments			657,039	1,203,501
			Net cash (used in) provided by investing activities	(213,964)	955,877

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 28

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(404,200)	803,822
Cash and cash equivalents, beginning			1,117,380	1,096,622
Cash and cash equivalents, ending			$    713,180	$  1,900,444
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 29

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$ (1,406,696)	$(1,117,721)
	Adjustments
		Amortization		2,484	2,449
		Distributions from Operating   Partnerships		1,966	1,048
		Share of Loss from Operating   Partnerships		1,163,614	905,672
	Changes in assets and liabilities
		Decrease (Increase) in    organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		(4,096)	62,717
		(Decrease) Increase in accounts   payable affiliates		125,320	- -
		Line of credit		-	-
			Net cash (used in) provided by  operating activities	(117,408)	(145,835)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	(1,615)
	Capital contributions paid to    Operating Partnerships			(283,919)	(1,464,937)
	Advances to Operating Partnerships			-	814,943
	Investments			78,413	1,181,532
			Net cash (used in) provided by investing activities	(205,506)	529,923

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 29

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(322,914)	384,088
Cash and cash equivalents, beginning			875,595	387,679
Cash and cash equivalents, ending			$    552,681	$    771,767
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 30

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$ (1,116,402)	$  (614,627)
	Adjustments
		Amortization		15,927	15,904
		Distributions from Operating   Partnerships		15,000	12,818
		Share of Loss from Operating   Partnerships		929,956	553,487
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		370,263	225,322
		(Decrease) Increase in accounts   payable affiliates		- -	- -
		Line of credit		-	-
			Net cash (used in) provided by operating activities	214,744	192,904
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(12)	(874)
	Capital contributions paid to   Operating Partnerships			(162,882)	(921,624)
	Advances to Operating Partnerships			-	-
	Investments			74,011	1,335,776
			Net cash (used in) provided by investing activities	(88,883)	413,278

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 30

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			125,861	606,182
Cash and cash equivalents, beginning			735,208	403,328
Cash and cash equivalents, ending			$    861,069	$  1,009,510
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 31

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,773,410)	$(1,443,791)
	Adjustments
		Amortization		-	-
		Distributions from Operating   Partnerships		10,374	2,502
		Share of Loss from Operating   Partnerships		1,518,946	1,243,646
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	(1,225)
		Decrease (Increase) in accounts   receivable		(156,623)	140,055
		(Decrease) Increase in accounts   payable affiliates		- -	- -
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(400,713)	(58,813)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	(18,095)
	Capital contributions paid to   Operating Partnerships			(327,137)	(3,821,268)
	Advances to Operating Partnerships			200,000	1,706,296
	Investments			177,755	1,733,381
			Net cash (used in) provided by investing activities	50,618	(399,686)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 31

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(350,095)	(458,499)
Cash and cash equivalents, beginning			1,118,740	1,449,979
Cash and cash equivalents, ending			$    768,645	$    991,480
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$     22,855

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 32

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,034,277)	$   (530,137)
	Adjustments
		Amortization		27,443	27,221
		Distributions from Operating   Partnerships		(2,005)	16,003
		Share of Loss from Operating   Partnerships		762,995	463,456
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		-	- -
		Decrease (Increase) in accounts   receivable		14,302	1,148,338
		(Decrease) Increase in accounts   payable affiliates		49,407	248,621
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(182,135)	1,373,502
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(10,108)	(1,822)
	Capital contributions paid to   Operating Partnerships			(377,925)	(2,350,707)
	Advances to Operating Partnerships			(526,673)	463,475
	Investments			474,374	1,622,690
			Net cash (used in) provided by investing activities	(440,332)	(266,364)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 32

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(622,467)	1,107,138
Cash and cash equivalents, beginning			1,111,983	240,584
Cash and cash equivalents, ending			$    489,516	$  1,347,722
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 33

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (465,442)	$  (249,394)
	Adjustments
		Amortization		20,460	20,264
		Distributions from Operating   Partnerships		- -	- -
		Share of Loss from Operating   Partnerships		313,896	197,782
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	126,999
		(Decrease) Increase in accounts   payable and accrued expenses		(2,536)	- -
		Decrease (Increase) in accounts   receivable		49,526	(126,999)
		(Decrease) Increase in accounts   payable affiliates		30,329	- -
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(53,767)	(31,348)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(12)	(14,297)
	Capital contributions paid to   Operating Partnerships			(981,361)	(1,067,259)
	Advances to Operating Partnerships			-	(419,401)
	Investments			611,183	2,081,675
			Net cash (used in) provided by investing activities	(370,190)	580,718

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 33

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(423,957)	549,370
Cash and cash equivalents, beginning			1,147,109	597,735
Cash and cash equivalents, ending			$    723,152	$  1,147,105
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 34

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$ (1,138,632)	$  (487,639)
	Adjustments
		Amortization		32,955	32,241
		Distributions from Operating   Partnerships		138	- -
		Share of Loss from Operating   Partnerships		869,109	287,699
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	- -
		Decrease (Increase) in accounts   receivable		6,464	561,991
		(Decrease) Increase in accounts   payable affiliates		219,870	6,539
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(10,096)	400,831
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	(29,037)
	Capital contributions paid to   Operating Partnerships			(240,788)	(4,754,878)
	Advances to Operating Partnerships			275,000	951,050
	Investments			-	3,266,100
			Net cash (used in) provided by investing activities	34,212	(566,765)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 34

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	-
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			24,116	(165,934)
Cash and cash equivalents, beginning			349,527	672,010
Cash and cash equivalents, ending			$    373,643	$    506,076
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 35

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$(1,279,470)	$  (612,162)
		Adjustments
		Amortization		96,939	91,402
		Distributions from Operating   Partnerships		- -	- -
		Share of Loss from Operating   Partnerships		1,048,478	461,816
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		- -	(1,719)
		Decrease (Increase) in accounts   receivable		627,957	275,665
		(Decrease) Increase in accounts   payable affiliates		47,385	40,214
		Line of credit		-	-
			Net cash (used in) provided by operating activities	541,289	255,216
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			- -	(43,443)
	Capital contributions paid to   Operating Partnerships			(700,592)	(4,552,985)
	Advances to Operating Partnerships			-	(128,762)
	Investments			277,103	4,595,745
			Net cash (used in) provided by investing activities	(423,489)	(129,445)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 35

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	(500)
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	(500)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			117,800	125,271
Cash and cash equivalents, beginning			681,948	701,756
Cash and cash equivalents, ending			$    799,748	$    827,027
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 36

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (785,343)	$  (347,276)
	Adjustments
		Amortization		65,321	64,935
		Distributions from Operating   Partnerships		1,645	- -
		Share of Loss from Operating   Partnerships		575,682	157,422
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		(4,410)	- -
		Decrease (Increase) in accounts   receivable		(68,633)	351,317
		(Decrease) Increase in accounts   payable affiliates		120,564	57,732
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(95,174)	284,130
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(4,435)	(92,161)
	Capital contributions paid to   Operating Partnerships			(295,558)	(3,489,639)
	Advances to Operating Partnerships			-	1,035,840
	Investments			-	2,430,792
			Net cash (used in) provided by investing activities	(299,993)	(115,168)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 36

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	(5,171)
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	(5,171)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(395,167)	163,791
Cash and cash equivalents, beginning			440,801	328,095
Cash and cash equivalents, ending			$     45,634	$    491,886
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$          -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 37

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (681,825)	$   27,421
	Adjustments
		Amortization		71,016	64,642
		Distributions from Operating   Partnerships		- -	- -
		Share of Loss from Operating   Partnerships		459,799	45,367
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		(26,521)	6,530
		Decrease (Increase) in accounts   receivable		1,524,108	(1,844,411)
		(Decrease) Increase in accounts   payable affiliates		37,647	(14,130)
		Line of credit		-	-
			Net cash (used in) provided by operating activities	1,384,224	(1,714,581)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(11,420)	(110,341)
	Capital contributions paid to   Operating Partnerships			(3,673,502)	(2,820,949)
	Advances to Operating Partnerships			997,985	(2,329,743)
	Investments			576,017	2,976,497
			Net cash (used in) provided by investing activities	(2,110,920)	(2,284,536)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 37

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		-	(18,876)
	Capital contributions received		-	-
		Net cash (used in) provided by financing activities	-	(18,876)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(726,696)	(4,017,993)
Cash and cash equivalents, beginning			1,357,135	5,952,947
Cash and cash equivalents, ending			$    630,439	$  1,934,954
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$          -	$  3,584,394

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 38

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (247,295)	$     49,981
	Adjustments
		Amortization		26,222	-
		Distributions from Operating   Partnerships		- -	- -
		Share of Loss from Operating   Partnerships		141,218	(76)
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		(2,733)	(422,482)
		Decrease (Increase) in accounts   receivable		129,669	79,524
		(Decrease) Increase in accounts   payable affiliates		26,235	14,334
		Line of credit		-	(976,349)
			Net cash (used in) provided by operating activities	73,316	(1,255,068)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			24,253	(2,305,713)
	Capital contributions paid to   Operating Partnerships			(3,220,103)	(10,412,126)
	Advances to Operating Partnerships			755,920	(515,095)
	Investments			(290,670)	(708,808)
			Net cash (used in) provided by investing activities	(2,730,600)	(13,941,742)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 38

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		(36)	(2,820,170)
	Capital contributions received		-	20,968,000
		Net cash (used in) provided by financing activities	(36)	18,147,830
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(2,657,320)	2,951,020
Cash and cash equivalents, beginning			3,300,784	1,184,327
Cash and cash equivalents, ending			$    643,464	$  4,135,347
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$    116,325	$  5,810,428

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 39

				2001	2000
Cash flows from operating activities:
	Net income (loss)			$  (347,447)	$  (77,020)
	Adjustments
		Amortization		1,908	-
		Distributions from Operating   Partnerships		- -	- -
		Share of Loss from Operating   Partnerships		298,274	- -
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -	- -
		(Decrease) Increase in accounts   payable and accrued expenses		(28,722)	331,409
		Decrease (Increase) in accounts   receivable		(870,392)	(3,221,097)
		(Decrease) Increase in accounts   payable affiliates		3,538	34,035
		Line of credit		-	268,833
			Net cash (used in) provided by operating activities	(942,841)	(2,663,840)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(62,404)	(1,714,577)
	Capital contributions paid to   Operating Partnerships			(4,774,734)	(7,576,321)
	Advances to Operating Partnerships			(1,015,112)	-
	Investments			1,423,728	-
			Net cash (used in) provided by investing activities	(4,428,522)	(9,290,898)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 39

			2001	2000
Continued
Cash flows from financing activities:
	Sales and registration costs paid		(13,303)	(2,338,591)
	Capital contributions received		-	16,470,000
		Net cash (used in) provided by financing activities	(13,303)	14,131,409
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(5,384,666)	2,176,671
Cash and cash equivalents, beginning			5,907,337	-
Cash and cash equivalents, ending			$    522,671	$  2,176,671
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$    334,686	$  8,746,861

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

				Series 40* 2001
Cash flows from operating activities:
	Net income (xloss)				$   (104,921)
	Adjustments
		Amortization		-
		Distributions from Operating   Partnerships		- -
		Share of Loss from Operating   Partnerships		139
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -
		(Decrease) Increase in accounts   payable and accrued expenses		(32,225)
		Decrease (Increase) in accounts   receivable		1,524,317
		(Decrease) Increase in accounts   payable affiliates		47,350
		Line of credit		(2,125,548)
			Net cash (used in) provided by operating activities	(690,888)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired				(2,538,649)
	Capital contributions paid to   Operating Partnerships				(12,429,726)
	Advances to Operating Partnerships				(1,321,601)
	Investments				(2,286,846)
			Net cash (used in) provided by investing activities	(18,576,822)

*Series 40 did not commence operations until after December 31, 2000,
therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

			Series 40* 2001
Continued
Cash flows from financing activities:
	Sales and registration costs paid		(3,003,902)
	Capital contributions received		22,893,250
		Net cash (used in) provided by financing activities	19,889,348
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			621,638
Cash and cash equivalents, beginning			553,358
Cash and cash equivalents, ending			$  1,174,996
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$    240,569

*Series 40 did not commence operations until after December 31, 2000,
therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

				Series 41* 2001
Cash flows from operating activities:
	Net income (loss)			$   (145,122)
	Adjustments
		Amortization		-
		Distributions from Operating   Partnerships		- -
		Share of Loss from Operating   Partnerships		- -
	Changes in assets and liabilities
		Decrease (Increase) in   organization costs		- -
		(Decrease) Increase in accounts   payable and accrued expenses		416,984
		Decrease (Increase) in accounts   receivable		(1,764,918)
		(Decrease) Increase in accounts   payable affiliates		32,400
		Line of credit		-
			Net cash (used in) provided by operating activities	(1,460,656)
Cash flows from investing activities:
	Acquisition costs repaid (paid) for   Operating Partnerships acquired   or to be acquired			(1,974,659)
	Capital contributions paid to   Operating Partnerships			(6,171,732)
	Advances to Operating Partnerships			(1,796,908)
	Investments			-
			Net cash (used in) provided by investing activities	(9,943,299)

*Series 41 did not commence operations until after December 31, 2000,
therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

			Series 41* 2001
Continued
Cash flows from financing activities:
	Sales and registration costs paid		(2,438,935)
	Capital contributions received		17,827,000
		Net cash (used in) provided by financing activities	15,388,065
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			3,984,110
Cash and cash equivalents, beginning			-
Cash and cash equivalents, ending			$ 3,984,110
Supplemental schedule of non-cash   investing and financing activities   the fund has increased its investments   for unpaid capital contributions   due to the Operating Partnerships			$ 9,569,307

*Series 41 did not commence operations until after December 31, 2000,
therefore it does not have comparative information to report.

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(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 is now 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 Ca pital Partners, Inc. The limited partner of the General Partner is Capital Investment Holdings, a general partnership whose partners are certain 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. One 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 regi stered 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.

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	September 30, 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 FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(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	2,106,837	$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	2,292,152	$22,921,000
Series 40	July 31, 2001	2,630,257	$26,629,250
Series 41	January 31, 2002	2,896,626	$28,966,260

The Fund commenced offering BACs in Series 42 on February 1, 2002, but had not admitted any BAC holders to the Fund as of the date of this filing.

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of December 31, 2001 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 principals have been condensed or omitted pursuant to such 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.

Investment Securities

The Fund has determined that all of its investment securities are to be categorized as securities available for sale. Securities classified as available for sale are those debt securities that the Fund purchased that may be liquidated prior to the maturity date should the need arise. These securities are carried at approximate fair market value. All of the investments held by the Fund are tax-exempt municipal bonds and Certificates of Deposit.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(Unaudited)

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES (continued)

The amortized cost of securities available for sale as of December 31, 2001 by contractual maturity are as follows:

	Amortized Cost
Due in one year or less	$4,412,605
Due after one year	1,533,707
Total	$5,946,312

The fair market value of the securities is $6,030,256. The difference being an unrealized gain on securities available for sale of $83,944, as of December 31, 2001.

Amortization

The Fund began amortizing unallocated and deferred acquisition costs over 330 months as of June 1999. Each Series begins amortizing costs once they have completed investing in operating partnerships. Accumulated amortization of acquisition costs by Series as of December 31, 2001 and 2000 is as follows:

	2001	2000
Series 20	$    9,824	$  6,251
Series 21	5,373	3,419
Series 22	16,884	10,745
Series 23	20,783	11,652
Series 24	28,063	17,858
Series 25	28,183	17,934
Series 26	48,466	30,528
Series 27	41,104	26,157
Series 28	9,076	5,776
Series 29	8,969	5,652
Series 30	58,275	37,043
Series 32	82,411	52,212
Series 33	74,104	46,843
Series 34	117,445	74,095
Series 35	334,161	211,299
Series 36	225,011	140,708
Series 37	154,200	64,644
Series 38	23,964	-
	$1,286,296	$762,816

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS

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

For the quarter ended December 31, 2001, Boston Capital Services, Inc. received $263,145 for Series 41 as Dealer-Manager fees for marketing advice and investment banking services performed at the time of the Fund's offering of BACs. 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 and Series 40 completed payment of all Dealer-Manager fees prior to the quarter ended December 31, 2001.

Boston Capital Holdings L.P. is entitled to asset acquisition fees for selecting, evaluating, structuring, negotiating, and closing the Fund's acquisition of interest in the Operating Partnerships. During the quarter ended December 31, 2001, Series 41 paid $1,172,915 for acquisition fees to Boston Capital Holdings Limited Partnership. 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 and Series 40 completed payment of all acquisition fees prior to the quarter ended December 31, 2001.

An annual fund management fee based on .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued or paid to Boston Capital Asset Management L.P.

The fund management fees accrued for the quarters ended December 31, 2001 and 2000 are as follows:

	2001	2000
Series 20	94,812	$94,811
Series 21	56,460	56,460
Series 22	63,648	63,648
Series 23	60,066	60,066
Series 24	58,338	58,338
Series 25	68,170	68,170
Series 26	109,395	109,395
Series 27	78,801	78,801
Series 29	84,495	-
Series 32	83,187	82,875
Series 33	43,443	42,333
Series 34	73,290	-
Series 35	15,794	54,660
Series 36	40,188	41,571
Series 37	33,487	-
Series 38	8,745	4,949
Series 39	1,870	-
Series 40	16,398	-
Series 41	26,072	-
	$1,016,659	$816,077

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the quarters ended December 31, 2001 and 2000 are as follows:

	2001	2000
Series 21	$ 200,000	$       -
Series 23	125,000	-
Series 27	100,000	-
Series 28	83,529	83,502
Series 29	100,000	84,495
Series 30	55,179	55,179
Series 31	99,360	98,676
Series 32	-	-
Series 33	-	-
Series 34	-	73,155
Series 35	41,256	41,253
Series 36	-	8,779
Series 37	31,407	31,407
Series 38	31,788	31,789
Series 39	28,650	-
Series 40	10,946	-
	$ 907,115	$ 508,235

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At December 31, 2001 and 2000 the Fund has limited partnership interests in 403 and 377 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at December 31, 2001 and 2000 is as follows:

	2001	2000
Series 20	24	24
Series 21	14	14
Series 22	29	29
Series 23	22	22
Series 24	24	24
Series 25	22	22
Series 26	45	45
Series 27	16	16
Series 28	26	26
Series 29	22	22
Series 30	20	20
Series 31	27	27
Series 32	17	16
Series 33	10	10
Series 34	14	14

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

	2001	2000
Series 35	11	11
Series 36	11	11
Series 37	7	7
Series 38	10	9
Series 39	9	8
Series 40	15	-
Series 41	8	-
	403	377

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, 2001 and 2000 are as follows:

	2001	2000
Series 20	$   388,026	$   388,026
Series 21	689,358	683,688
Series 22	487,655	538,769
Series 23	117,797	458,632
Series 24	1,214,204	1,214,206
Series 25	2,073,892	2,083,892
Series 26	2,197,433	2,199,426
Series 27	203,270	346,473
Series 28	148,783	744,786
Series 29	304,770	596,044
Series 30	734,420	1,570,777
Series 31	1,030,019	1,350,694
Series 32	1,050,342	2,293,530
Series 33	751,366	2,149,700
Series 34	807,004	1,263,677
Series 35	1,699,286	2,298,776
Series 36	1,164,642	2,019,895
Series 37	2,165,429	8,645,227
Series 38	1,318,487	5,962,594
Series 39	2,930,161	11,824,628
Series 40	4,555,861	-
Series 41	7,999,663	-
	$34,031,868	$48,633,440

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(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, 2001.

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 20

		2001	2000
Revenues
	Rental	$  6,940,138	$  6,539,532
	Interest and other	406,942	359,674
		7,347,080	6,899,206
Expenses
	Interest	2,413,877	2,260,621
	Depreciation and amortization	2,135,869	2,210,042
	Operating expenses	4,245,073	3,674,364
		8,794,819	8,145,027
NET LOSS		$(1,447,739)	$(1,245,821)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,369,046)	$(1,211,266)
Net loss allocated to other partners		$   (14,477)	$   (12,458)
Net loss suspended		$   (64,216)	$   (22,097)

The Partnership accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnerships results of operations and for any distributions received or accrued. However, the Partnership 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 FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 21

		2001	2000
Revenues
	Rental	$  3,773,765	$  3,696,929
	Interest and other	83,394	88,073
		3,857,159	3,785,002
Expenses
	Interest	1,454,355	1,407,843
	Depreciation and amortization	851,541	888,334
	Operating expenses	2,366,792	2,242,383
		4,672,688	4,538,560
NET LOSS		$  (815,529)	$  (753,558)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (807,373)	$  (746,022)
Net loss allocated to other Partners		$    (8,156)	$    (7,536)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 22

		2001	2000
Revenues
	Rental	$  3,681,823	$  3,589,014
	Interest and other	261,263	213,666
		3,943,086	3,802,680
Expenses
	Interest	1,037,502	1,005,163
	Depreciation and amortization	1,421,779	1,372,534
	Operating expenses	2,460,955	2,272,987
		4,920,236	4,650,684
NET LOSS		$  (977,150)	$  (848,004)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (967,379)	$  (839,524)
Net loss allocated to other Partners		$    (9,771)	$    (8,480)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 23

		2001	2000
Revenues
	Rental	$  4,272,487	$  4,126,360
	Interest and other	257,384	207,470
		4,529,871	4,333,830
Expenses
	Interest	1,349,511	1,316,728
	Depreciation and amortization	1,426,050	1,396,265
	Operating expenses	2,684,160	2,481,519
		5,459,721	5,194,512
NET LOSS		$  (929,850)	$  (890,682)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (920,552)	$  (852,075)
Net loss allocated to other Partners		$    (9,298)	$    (8,607)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 24

		2001	2000
Revenues
	Rental	$  3,656,842	$  3,889,659
	Interest and other	109,920	93,254
		3,766,762	3,982,913
Expenses
	Interest	1,212,241	1,367,773
	Depreciation and amortization	1,316,840	1,419,185
	Operating expenses	2,252,092	2,271,074
		4,781,173	5,058,032
NET LOSS		$(1,014,411)	$(1,075,119)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,004,268)	$(1,064,368)
Net loss allocated to other Partners		$   (10,143)	$   (10,751)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 25

		2001	2000
Revenues
	Rental	$  5,494,556	$  5,458,461
	Interest and other	128,689	138,695
		5,623,245	5,597,156
Expenses
	Interest	1,762,209	1,678,736
	Depreciation and amortization	1,579,408	1,578,367
	Operating expenses	3,522,748	3,518,083
		6,864,365	6,775,186
NET LOSS		$(1,241,120)	$(1,178,030)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (967,482)	$(1,047,328)
Net loss allocated to other Partners		$   (12,411)	$   (11,780)
Net loss suspended		$  (261,227)	$  (118,922)

The Partnership accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnerships results of operations and for any distributions received or accrued. However, the Partnership 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 FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 26

		2001	2000
Revenues
	Rental	$  6,589,740	$  6,821,755
	Interest and other	328,127	315,994
		6,917,867	7,137,749
Expenses
	Interest	2,172,169	1,830,418
	Depreciation and amortization	2,101,541	2,154,079
	Operating expenses	4,008,464	3,907,480
		8,282,174	7,891,977
NET LOSS0		$(1,364,307)	$  (754,228)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,275,359)	$  (746,686)
Net loss allocated to other Partners		$   (13,643)	$    (7,542)
Net loss suspended		$   (75,305)	$          -

The Partnership accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnerships results of operations and for any distributions received or accrued. However, the Partnership 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 FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 27

		2001	2000
Revenues
	Rental	$  4,947,414	$  6,102,259
	Interest and other	87,773	252,486
		5,035,187	6,354,745
Expenses
	Interest	2,288,996	2,336,826
	Depreciation and amortization	1,077,337	1,760,635
	Operating expenses	2,257,463	2,849,836
		5,623,796	6,947,297
NET LOSS		$  (588,609)	$  (592,552)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (521,597)	$  (586,626)
Net loss allocated to other Partners		$    (5,886)	$    (5,926)
Net loss suspended		$   (61,126)	$          -

The Partnership accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnerships results of operations and for any distributions received or accrued. However, the Partnership 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 FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 28

		2001	2000
Revenues
	Rental	$  4,271,200	$  4,203,389
	Interest and other	111,176	129,317
		4,382,376	4,332,706
Expenses
	Interest	1,326,496	1,175,698
	Depreciation and amortization	1,626,517	1,618,880
	Operating expenses	2,619,700	2,337,344
		5,572,713	5,131,922
NET LOSS		$(1,190,337)	$  (799,216)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,178,434)	$  (791,224)
Net loss allocated to other Partners		$   (11,903)	$    (7,992)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 29

		2001	2000
Revenues
	Rental	$  4,862,874	$  4,866,164
	Interest and other	237,064	261,549
		5,099,938	5,127,713
Expenses
	Interest	1,491,616	1,517,706
	Depreciation and amortization	1,861,687	1,675,313
	Operating expenses	2,922,002	2,849,515
		6,275,305	6,042,534
NET LOSS		$(1,175,367)	$  (914,821)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,163,614)	$  (905,672)
Net loss allocated to other Partners		$   (11,753)	$    (9,149)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 30

		2001	2000
Revenues
	Rental	$  3,486,635	$  3,056,039
	Interest and other	146,179	91,773
		3,632,814	3,147,812
Expenses
	Interest	1,039,282	896,794
	Depreciation and amortization	1,142,583	897,593
	Operating expenses	2,390,298	1,912,503
		4,572,163	3,706,590
NET LOSS		$  (939,349)	$  (559,078)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (929,956)	$  (553,487)
Net loss allocated to other Partners		$    (9,393)	$    (5,591)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 31

		2001	2000
Revenues
	Rental	$  7,260,860	$  6,617,944
	Interest and other	406,639	278,087
		7,667,499	6,896,031
Expenses
	Interest	2,025,550	1,990,773
	Depreciation and amortization	2,679,825	2,177,113
	Operating expenses	4,496,413	3,984,352
		9,201,788	8,152,238
NET LOSS		$(1,534,289)	$(1,256,207)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,518,946)	$(1,243,646)
Net loss allocated to other Partners		$   (15,343)	$   (12,561)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 32

		2001	2000
Revenues
	Rental	$  3,938,468	$  3,566,595
	Interest and other	284,568	232,338
		4,223,036	3,798,933
Expenses
	Interest	1,162,512	1,324,932
	Depreciation and amortization	1,462,978	940,638
	Operating expenses	2,416,730	2,001,500
		5,042,220	4,267,070
NET LOSS		$  (819,184)	$  (468,137)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (762,995)	$  (463,456)
Net loss allocated to other Partners		$    (8,192)	$    (4,681)
Net loss suspended		$   (47,997)	$          -

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 33

		2001	2000
Revenues
	Rental	$  2,244,342	$  1,640,602
	Interest and other	135,498	53,711
		2,379,840	1,694,313
Expenses
	Interest	762,961	685,561
	Depreciation and amortization	578,436	343,721
	Operating expenses	1,355,510	864,811
		2,696,907	1,894,093
NET LOSS		$  (317,067)	$  (199,780)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (313,896)	$  (197,782)
Net loss allocated to other Partners		$    (3,171)	$    (1,998)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 34

		2001	2000
Revenues
	Rental	$  4,075,377	$  3,111,880
	Interest and other	257,048	147,275
		4,332,425	3,259,155
Expenses
	Interest	1,443,804	1,166,766
	Depreciation and amortization	1,582,324	671,247
	Operating expenses	2,184,185	1,711,747
		5,210,313	3,549,760
NET LOSS		$  (877,888)	$  (290,605)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (869,109)	$  (287,699)
Net loss allocated to other Partners		$    (8,779)	$    (2,906)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,

Series 35

		2001	2000
Revenues
	Rental	$  2,706,463	$    772,038
	Interest and other	117,775	157,860
		2,824,238	929,898
Expenses
	Interest	1,416,107	333,735
	Depreciation and amortization	990,701	227,091
	Operating expenses	1,476,499	835,553
		3,883,307	1,396,379
NET LOSS		$(1,059,069)	$  (466,481)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$(1,048,478)	$  (461,816)
Net loss allocated to other Partners		$   (10,591)	$    (4,665)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 36

		2001	2000
Revenues
	Rental	$  2,035,600	$  1,766,045
	Interest and other	104,271	136,684
		2,139,871	1,902,729
Expenses
	Interest	817,950	731,233
	Depreciation and amortization	831,425	319,700
	Operating expenses	1,071,994	1,010,809
		2,721,369	2,061,742
NET LOSS		$  (581,498)	$  (159,013)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (575,682)	$  (157,422)
Net loss allocated to other Partners		$    (5,816)	$    (1,591)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 37

		2001	2000
Revenues
	Rental	$  1,902,577	$     61,694
	Interest and other	82,050	5,665
		1,984,627	67,459
Expenses
	Interest	485,978	25,962
	Depreciation and amortization	797,130	66,802
	Operating expenses	1,165,961	20,520
		2,449,069	113,284
NET LOSS		$  (464,442)	$   (45,825)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (459,799)	$   (45,367)
Net loss allocated to other Partners		$    (4,643)	$      (458)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 38

		2001	2000
Revenues
	Rental	$   772,554	$    63,188
	Interest and other	8,521	1,196
		781,075	64,384
Expenses
	Interest	263,280	12,260
	Depreciation and amortization	214,105	19,791
	Operating expenses	446,334	32,256
		923,719	64,307
NET LOSS		$  (142,644)	$        77
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (141,218)	$        76
Net loss allocated to other Partners		$    (1,426)	$         1

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2000
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

		Series 39*         2001
Revenues
	Rental	$    168,083
	Interest and other	751
		168,834
Expenses
	Interest	196,789
	Depreciation and amortization	143,581
	Operating expenses	129,752
		470,122
NET LOSS		$  (301,288)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$  (298,274)
Net loss allocated to other Partners		$    (3,014)

*The Operating Partnerships in Series 39 did not commence operations until after September 30, 2000 therefore, they do not have comparative information to report.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS
December 31, 2000
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

		Series 40*         2001
Revenues
	Rental	$     13,615
	Interest and other	983
		14,598
Expenses
	Interest	5,115
	Depreciation and amortization	1,087
	Operating expenses	8,536
		14,738
NET LOSS		$      (140)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$      (139)
Net loss allocated to other Partners		$        (1)

*The Operating Partnerships in Series 40 did not commence operations until after September 30, 2000 therefore, they do not have comparative information to report.

**The Operating Partnerships in Series 41 did not commence operations until after September 30, 2001, therefore, they do not have current or comparative information to report.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2001
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS-CONTINUED

When comparing the results of operations from the Operating Partnerships for the nine months ended September 30, 2001 and 2000 numerous variances, some material in nature, exist. The variances, in most cases, are the result of a number of factors including an increase in the number of Operating Partnerships owned, an increase in the number which have completed construction, and an increase in the number which have completed the lease-up phase.

NOTE E - TAXABLE LOSS

The Fund's taxable loss for the fiscal year ended March 31, 2002 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. No provision or benefit for income taxes has been included in these financial statements since taxable income or loss passes through to, and is reportable by, the partners and assignees individually.

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

Liquidity

The Fund's primary source of funds is the proceeds of its Public Offering. Other sources of liquidity will include (i) interest earned on capital contributions held pending investment and on working capital (ii) cash distributions from operations of the Operating Partnerships in which the Fund has and will invest and (iii) a line of credit. The Fund does not anticipate significant cash distributions from operations of the Operating Partnerships.

Boston Capital Tax Credit Fund IV LP and other Funds sponsored and offered by Boston Capital Services, Inc. have entered into a line of credit financing agreement with Fleet National Bank whereby they can collectively borrow up to $40 million for up to 180 days to meet short-term cash needs required for the investment in certain Operating Partnerships. Under the terms of the agreement, the Fund pledges their interest in a particular Operating Partnership in order to draw funds from the line. The repayment of any draws is anticipated to be made once the Fund has received sufficient Investor proceeds. Repayments on the line are tied to specific Operating Partnerships, which are then released as collateral by the bank. As of December 31, 2001 Boston Capital Tax Credit Fund IV LP had no amounts outstanding on the line of credit.

The Fund is currently accruing the fund management fee for Series 20, Series 21, Series 22, Series 23, Series 24, Series 25, Series 26, Series 27, Series 29, Series 32, Series 33, Series 34 and Series 36. The fund is also accruing a portion of the fund management fee for Series 35, Series 37, Series 38, Series 39, Series 40 and Series 41. Pursuant to the Partnership Agreement, such liabilities will be deferred until the Fund receives sales or refinancing proceeds from the Operating Partnerships, which will be used to satisfy such 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 which would create insufficient liquidity to meet future third party obligations.

Capital Resources

The Fund offered BACs in a 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 and $17,827,000 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, 2,630,257 and 1,782,700 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 and Series 41, respectively as of December 31, 20 01.

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 $28,614,472.

During the quarter ended December 31, 2001, Series 20 did not record any releases of capital contributions. Series 20 has outstanding contributions payable in the amount of $388,026 as of December 31, 2001. Of the amount outstanding, $252,771 has been advanced to the Operating Partnerships. The advances will be converted to capital and the remaining contributions of $132,255 will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

Series 21

The Fund commenced offering BACs in Series 21 on July 1, 1994. Offers and sales of BACs in Series 21 were completed on December 31, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $13,872,730.

During the quarter ended December 31, 2001, Series 21 did not record any releases of capital contributions. Series 21 has outstanding contributions payable in the amount of $689,358 as of December 31, 2001. Of the amount outstanding, $641,540 has been loaned to the Operating Partnerships. The loans will be converted to capital and the remaining contributions of $47,818 will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

Series 22

The Fund commenced offering BACs in Series 22 on October 10, 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.

During the quarter ended December 31, 2001, Series 22 did not record any releases of capital contributions. Series 22 has outstanding contributions payable in the amount of $487,655 as of December 31, 2001. Of the amount outstanding, $450,981 has been loaned to the Operating Partnerships. The loans will be converted to capital and the remaining contributions of $36,674 will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 September 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.

During the quarter ended December 31, 2001, Series 23 recorded capital contributions releases of $340,836. Series 23 has outstanding contributions payable of $117,797 as of December 31, 2001, all of which has previously been advanced or loaned to the Operating Partnerships. The advances and loans will be converted to capital when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $15,980,237.

During the quarter ended December 31, 2001, Series 24 did not record any releases of capital contributions. Series 24 has outstanding contributions payable in the amount of $1,214,204 as of December 31, 2001. Of the amount outstanding, $1,104,467 has been advanced or loaned to the Operating Partnerships. The advances and loans will be converted to capital and the remaining contributions of $109,737 will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $22,472,722.

During the quarter ended December 31, 2001, Series 25 recorded capital contribution releases of $11,500. Series 25 has outstanding contributions payable in the amount of $2,073,892 as of December 31, 2001. Of the amount outstanding, $1,671,966 has been advanced or loaned to some of the Operating Partnerships. In addition, $20,000 has been funded into and escrow account on behalf of one of the Operating Partnerships. The advances and loans will be converted to capital and the remaining contributions of $401,926, will be released from the escrow account and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 25, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 45 Operating Partnerships in the amount of $29,390,862.

During the quarter ended December 31, 2001, Series 26 did not record any releases of capital contributions. Series 26 has outstanding contributions payable in the amount of $2,197,433 as of December 31, 2001. Of the amount outstanding, $2,072,239 has been advanced or loaned to some of the Operating Partnerships. In addition, $30,031 has been funded into escrow accounts on behalf of other Operating Partnerships. The advances and loans will be converted to capital and the remaining contributions of $125,194, will be released from the escrow accounts and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their Partnership agreements.

Series 27

The Fund commenced offering BACs in Series 27 on June 24, 1996. Offers and sales of BACs in Series 27 were completed on September 17, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $17,901,046.

During the quarter ended December 31, 2001, Series 27 did not record any capital contribution releases. Series 27 has outstanding contributions payable in the amount of $203,270 as of December 31, 2001. Of the amount outstanding, $6,500 has been advanced to the Operating Partnerships. The advances will be converted to capital and the remaining contributions of $196,770 will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $29,261,233.

During the quarter ended December 31, 2001, Series 28 did not record any releases of capital contributions. Series 28 has outstanding contributions payable in the amount of $148,783 as of December 31, 2001. The remaining contributions will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 10, 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.

During the quarter ended December 31, 2001, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable in the amount of $304,770 as of December 31, 2001. Of the amount outstanding, $20,935 has been loaned to the Operating Partnerships. The loans will be converted to capital and the remaining contributions of $283,835 will be released from available net offering proceeds when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $19,492,770.

During the quarter ended December 31, 2001, Series 30 recorded capital contribution releases of $147,085. Series 30 has outstanding contributions payable in the amount of $734,420 as of December 31, 2001. Of the amount outstanding, $339,908 has been advanced or loaned to the Operating Partnerships. The advances and loans will be converted to capital and the remaining contributions of $394,512, will be released from available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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.

During the quarter ended December 31, 2001, Series 31 did not record any releases of capital contributions. Series 31 has outstanding contributions payable in the amount of $1,030,019 as of December 31, 2001. Of the amount outstanding, $655,675 has been loaned to some of the Operating Partnerships. In addition, $25,000 has been funded into an escrow account on behalf of one of the Operating Partnerships. The advances and loans will be converted to capital and the remaining contributions of $374,344, will be released from the escrow accounts and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 16 Operating Partnerships in the amount of $34,121,207. The series has also purchased assignments 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. Under the terms of the Assignments of Membership Interests dated December 1, 1998 the series is entitled to certain profits, losses, tax credits, cash flow, proceeds from capital transactions and capital account as defined in the individual Operating Agreements. The series utilized $1,092,847 of funds available to invest in Operating Partnerships for this investment.

During the quarter ended December 31, 2001, Series 32 did not record any releases of capital contributions. Series 32 has outstanding contributions payable in the amount of $1,050,342 as of December 31, 2001. Of the amount outstanding, $534,572 has been loaned or advanced to the Operating Partnerships. In addition, $125,000 has been funded into escrow accounts on behalf of other Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $515,770, will be released from the escrow accounts and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $19,614,594.

During the quarter ended December 31, 2001, Series 33 did not record any capital contribution releases. Series 33 has outstanding contributions payable in the amount of $751,366 as of December 31, 2001. Of the amount outstanding, $113,575 has been loaned to the Operating Partnerships. In addition, $125,000 has been funded into an escrow account on behalf of other Operating Partnerships. The loans will be converted to capital and the remaining contributions of $637,791, will be released from the escrow account and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $25,754,977.

During the quarter ended December 31, 2001, Series 34 recorded capital contribution releases of $215,312. Series 34 has outstanding contributions payable the Operating Partnerships in the amount of $807,004 as of December 31, 2001. Of the amount outstanding, $654,702 has been loaned or advanced to some of the Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $152,302, will be released from available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 25, 1999. The fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $24,147,034.

During the quarter ended December 31, 2001, Series 35 recorded capital contribution releases of $84,858. Series 35 has outstanding contributions payable in the amount of $1,699,286 as of December 31, 2001. Of the amount outstanding, $817,708 has been loaned to some of the Operating Partnerships. In addition, $10,855 has been funded into escrow accounts on behalf of other Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $818,578, will be released from the escrow accounts and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $15,273,148.

During the quarter ended December 31, 2001, Series 36 recorded capital contribution releases of $110,856. Series 36 has outstanding contributions payable in the amount of $1,164,642 as of December 31, 2001. Of the amount outstanding, $1,120,966 has been loaned or advanced to some of the Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $43,676, will be released from available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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, 1999. The fund has committed proceeds to pay initial and additional installments of capital contributions to 7 Operating Partnerships in the amount of $18,719,332.

During the quarter ended December 31, 2001, Series 37 recorded capital contribution releases of $155,319. Series 37 has outstanding contributions payable in the amount of $2,165,429 as of December 31, 2001. Of the amount outstanding, $1,733,152 has been loaned or advanced to the Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $432,277, will be released from available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $18,609,448. In addition the Fund committed and used $420,296 of Series 38 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, 2001, Series 38 recorded capital contribution releases of $1,233,688. Series 38 has outstanding contributions payable in the amount of $1,318,487 as of December 31, 2001. The remaining contributions will be released from available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 $17,034,036 as of December 31, 2001. In addition the Fund committed and used $192,987 of Series 39 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, 2001, Series 39 recorded capital contribution releases of $1,472,545. Series 39 has outstanding contributions
payable in the amount of $2,930,161 as of December 31, 2001. The advances will be converted to capital and the remaining contributions of $2,930,161 will be released from available net offering proceeds and secured notes receivable when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 15 Operating Partnerships in the amount of $18,309,475 as of December 31, 2001. In addition, the Fund committed and used $578,755 of Series 40 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, 2001, Series 40 recorded capital contribution releases of $2,930,420. Series 40 has outstanding contributions payable in the amount of $4,555,861 as of December 31, 2001. Of the amount outstanding, $1,321,601 has been loaned or advanced to some of the Operating Partnerships and $381,100 has been funded into an escrow account on behalf of other Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $3,234,260 will be released from the escrow accounts and available net offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

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 8 Operating Partnerships in the amount of $14,171,395 as of December 31, 2001.

During the quarter ended December 31, 2001, Series 41 recorded capital contribution releases of $2,579,074. Series 41 has outstanding contributions payable in the amount of $7,999,663 as of December 31, 2001. The remaining contributions will be released from the available net offering proceeds and future offering proceeds, when the Operating Partnerships have achieved the conditions set forth in their partnership agreements.

Line of Credit

Boston Capital Tax Credit Fund IV LP and other Funds sponsored and offered by Boston Capital Services, Inc. have entered into a line of credit financing agreement with Fleet National Bank whereby they can collectively borrow up to $40 million for up to 180 days to meet short-term cash needs required for the investment in certain Operating Partnerships. Under the terms of the agreement, the Fund pledges their interest in a particular Operating Partnership in order to draw funds from the line. The repayment of any draws is anticipated to be made once the Fund has received sufficient Investor proceeds. Repayments on the line are tied to specific Operating Partnerships, which are then released as collateral by the bank. As of December 31, 2001 Boston Capital Tax Credit Fund IV LP had no amounts outstanding on the line of credit.

Results of Operations

As of December 31, 2001 and 2000 the Fund held limited partnership interests in 403 and 377 Operating Partnerships, respectively. In each instance the Apartment Complex owned by the applicable Operating Partnership is eligible for the Federal Housing Tax Credit. Occupancy of a unit in each Apartment Complex which initially complied with the Minimum Set-Aside Test (i.e., 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 hereinafter 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 believes that there is adequate casualty insurance on the properties.

The Fund's results of operations for future periods will vary significantly from those for the period ended December 31, 2001 as Series 38, Series 39, Series 40 and Series 41 continue to use the funds raised to invest in partnership interests of additional Operating Partnerships, and the Fund continues to offer BACs in Series 42.

The increase in net loss per BAC for Series 32 through Series 38 of the Fund for the current nine-month period is a result of a decrease in interest income and an increase in the losses from Operating Partnerships reported each series. Interest income reported is expected to decrease for each series is expected to decrease from year to year as contributions earned in the first year are expended on payments to Operating Partnerships in subsequent years. Losses reported from Operating Partnerships are expected to increase until the series has fully invested in its Operating Partnerships and they achieve stabilized operations.

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 certain asset management and reporting fees paid by the Operating Partnerships. The fund management fees incurred for the quarter ended December 31, 2001 for 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 and Series 40 were $89,498, $54,872, $60,282, $55,627, $57,588, $52,519, $77,745, $78,801, $53,029, $58,995, $29,429, $96,268, $67,343, $35,245, $60,074, $57,051, $40,188, $43,956, $40,533, $30,520, $49,236 and $26,072, respectively.

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

Series 20

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100%. The series had a total of 24 properties at December 31, 2001, all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 20 reflects a net loss from Operating Partnerships of $1,447,739. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $688,130. This is an interim period estimate; it is not indicative of the final year end results.

Breeze Cove Limited Partnership (Breeze Cove Apartments) operated significantly below breakeven during 2001 due to high operating expenses, low occupancy, poor tenant rental collections and high debt. As of January 1, 2002, the property management company was replaced with Oakbrook Corporation, which has already improved tenant collections. The management company's marketing plan includes newspaper advertising and improving relationships with local churches, employers, and agencies that could provide tenants referrals. The new management company will also improve the screening of new tenants. Operating expenses are expected to decrease in 2002, due to decreases in maintenance as a result of cost efficiencies related to the relatively large number of properties managed by Oakbrook Corporation in the Port Washington area. Operating expenses for 2001 declined by 10% versus 2000. The Investment Limited Partner and the Operating General Partners continue to explore alternatives to refinance the first mor tgage on the property. The Operating General Partner and Investment Limited Partner have continued to fund operating deficits as needed. The property is not expected to break even until the debt is restructured. The mortgage, property taxes, insurance, and accounts payable are current as of December 31, 2001.

Effective November 28, 2000, East Douglas Apartments Limited Partnership (East Douglas Apartments) retained Van Rooy Properties for property management. Several occupancy and financial issues have been addressed since the management agent change. The average occupancy through December 2001 was 97%. The accounts payable balance of $41,000 as of September 30, 2001 was reduced to approximately $7,000 at year-end, as a result of a 2001 tax payment reimbursement. The Operating General Partner is currently negotiating a transfer of General Partner interest to the current management company. The management company will not accept the General Partner interest until the partnership has received approval from HUD to increase rents and the property can sustain breakeven operations. The mortgage, property taxes, insurance, and accounts payable are current as of December 31, 2001.

Series 21

As of the December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100% and 99.9%, respectively. The series had a total of 14 properties at December 31, 2001. All of which were at 100% Qualified Occupancy.

For the nine months being reported Series 21 reflects a net loss from Operating Partnerships of $815,529. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect a net loss from operations of $36,012. This is an interim period estimate; it is not indicative of the final year end results.

Atlantic City Housing Urban Renewal Associates L.P. (Atlantic City Apartments) continued to operate below breakeven for the fourth quarter of 2001. The Operating Partnership will continue to show deficits with respect to operational issues for the foreseeable future. As a result the Operating Partnership filed for protection under Chapter 11 of the Bankruptcy Code in June of 2001. The Operating General Partner is currently working to develop a restructuring plan that is acceptable to the court and major creditors. It is expected that the plan will be completed in mid 2002. The bankruptcy court has authorized a cash collateral account to ensure the payment of the property operating expenses. Occupancy for the fourth quarter of 2001 decreased to 88%. HUD has not approved nor will approve any further rental of the vacant units until some minor safety code violations are addressed. The Operating General Partner is diligently working toward resolving these violations by early 2002. During the first quar ter of 2002, consideration will be given to a number of possible scenarios where the partnership could be restructured with a different tenant base. Ideas that are currently being considered include working with a non-profit organization which owns a church adjacent to the property. The non-profit organization has expressed interest in becoming the General Partner with the Fund remaining as the Investment Limited Partner.

Centrum Fairfax LP (Forest Glen at Sully Station) experienced low occupancy in 2001, which resulted in negative cash flow. The average occupancy was 78% for 2001. The reasons for low occupancy were attributable to personnel issues and lack of sales and occupancy focus. The property has resolved these issues by making several personnel changes and increasing the leasing and occupancy focus through additional promotion, lead follow-up, advertising, monthly appreciation events, family and resident referral program, and improved signage and banners. The property is in excellent physical condition. The Operating General Partners have been funding operating deficits in accordance with the partnership agreement. The mortgage, taxes, insurance and payables are current.

Series 22

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 99.9% and 100%, respectively. The series had a total of 29 properties at December 31, 2001. Out of the total 28 were at 100% Qualified Occupancy.

For the nine months being reported Series 22 reflects a net loss from Operating Partnerships of $977,150. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $444,629. This is an interim period estimate; it is not indicative of the final year end results.

Series 23

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100%. The series had a total of 22 properties at December 31, 2001, all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 23 reflects a net loss from Operating Partnerships of $929,850. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $496,200. This is an interim period estimate; it is not indicative of the final year end results.

Series 24

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 99.9%. The series had a total of 24 properties at December 31, 2001. Out of the total 23 were at 100% Qualified Occupancy.

For the nine months being reported Series 24 reflects a net loss from Operating Partnerships of $1.014,411. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $302,429. This is an interim period estimate; it is not indicative of the final year end results.

Elm Street Associates Limited Partnership (Elm Street Apartments) is located in Yonkers, New York. The neighborhood has been a difficult one in which to operate and poor tenancy has resulted in operating deficits. Management issues, including poor rent collections and deferred maintenance, continue to effect the partnership. Evergreen Management took over management of the property in October 1999, but they were not successful in sustaining improved operations. Evergreen was replaced by Apartment and Investment Management Company (AIMCO) on January 1, 2001.

Collections increased during the fourth quarter, averaging over $25,000 per month. December ended with the property at 97% occupancy. The arrearages related to the first mortgage loan with CPC continue to be high, and now exceeds $166,000 according to a December 10, 2001 statement from the lender. The arrearage includes an escrow shortfall of more than $50,000 (although the lender indicated that all real estate tax payments are being made, even if it needs to do so with its own funds).

The Partnership Agreement requires the current general partner to fund up to $400,000 in operating deficits under its guaranty. According to the audited 2000 financial statement, the General Partner has funded $271,513 under that guarantee.

Negotiations are ongoing with Westhab, Inc. on the possibility of assuming the General Partner and property management roles at Elm Street, and with the first mortgage lender (CPC), on restructuring the first mortgage loan. The negotiations are interrelated, as CPC will only restructure the loan in the context of a change in the General Partner.

The CPC/Westhab negotiations now also involve the City of Yonkers. A meeting was scheduled on January 7th, and another will be held in late February, to address primarily the very high real estate tax burden at the property, which greatly exceeds the taxes charged at comparable properties. The Investment General Partner is reviewing options of various replacement General Partners. The lender, CPC is willing to look at restructuring the debt assuming that the current General partner is replaced.

Los Lunas Apartments Limited (Hillridge Apartments) continues to suffer from low rents in the market, and excessive mortgage debt. As a result, the property has been operating below breakeven. Due to negative cash flow, debt service payments fell behind and the New Mexico Mortgage Finance Authority (NMFA) issued a notice of default to the Operating General Partner. The Investment General Partner removed the Operating General Partner, as he was unable to effectively deal with the mortgage default. The mortgage lender placed the property in receivership in 2000 at which time Monarch Properties was appointed as the new managing agent without our consent. In December 1, 2000 the New Mexico Mortgage Finance Authority accelerated the mortgage for reason of non-payment. As a result of the mortgage acceleration the New Mexico Mortgage Finance Authority filed form 8823 with the Internal Revenue Service indicating certain instances of non-compliance with the IRS Section 42 code and regulations. Various debt rest ructure proposals made by the Investment General Partner during 2001 were rejected by NMFA/HUD. On November 2, 2001, the Investment General Partner made a proposal to purchase the debt for the appraised value of the property. The Investment General Partner requested NMFA's forbearance on foreclosure action in consideration of its proposal.

The proposal was subsequently rejected by the NMFA and on December 7, 2001, the court entered a Summary Judgement and Order of Foreclosure. A Foreclosure sale was scheduled for January 11, 2002. Although, the Investment General Partner continued to negotiate with the NMFA and explore all possible options to avert foreclosure, the foreclosure sale was ultimately held and NMFA succeeded in taking back the property on January 11, 2002. The foreclosure will result in a recapture by the Internal Revenue Service of a portion of the credits previously taken. The recapture amount is estimated to be a $254 reduction in credits per 1,000 BACs invested.

North Hampton Place Limited Partnership (North Hampton Place), located in Columbia, Missouri, operated below breakeven during 2001. The main reason for its continuing cash expenditure is low occupancy, which averaged 76% for 2001, and large debt service payments. The property has suffered from its location in rural Missouri, lying on the outskirts of Columbia and off of any public transportation routes. In addition, the property lies outside of the Columbia school district, further deterring possible tenants from moving to the property. Current management is marketing the property to possible tenants through newspapers, churches and civic groups. In addition, the management company is currently lobbying the Columbia County school board to include the property in its district. Management believes the occupancy issue will continue to be a problem until the city eventually incorporates the property into its city limits. The property's debt payments currently amount to 55% of gross potential revenue because the loan was written with a 20-year amortization. The management company is currently working to refinance the mortgage and expects to complete it by June 2002, when the mortgage matures. The property's mortgage, taxes and insurance were all current as of December 31, 2001.

Series 25

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 99.9%. The series had a total of 22 properties at December 31, 2001. Out of the total 21 were at 100% Qualified Occupancy.

For the nine months being reported Series 25 reflects a net loss from Operating Partnerships of $1,241,120. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $338,288. This is an interim period estimate; it is not indicative of the final year end results.

Sutton Place Apartments, L.P. (Sutton Place Apartments) owns and operates a 360 - unit complex in Indianapolis, Indiana. The property operated with an average occupancy rate of 93% for the year ended December 31, 2001. However, the property suffers from high maintenance expenses as a result of tenant abuse and high unit turnover. The area has experienced an increase in crime, which has contributed to the unit turnover. The Operating General Partner continues to fund operating deficits and the Investment Limited Partner continues to monitor this property.

On October 5, 2001, a triple murder occurred within a unit. The General Partner has assessed the impact from the incident and has determined it will be minimal. The management company will be meeting with the local police and the city commissioner to determine if there is anything additional the property can do to improve security. At this time the property hires uniformed and off duty police officers as security. The cost of the improved security will be partly funded from grants received for crime prevention and other on-site programs.

Series 26

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100%. The series had a total of 45 properties at December 31, 2001, all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 26 reflects a net loss from Operating Partnerships of $1,364,307. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $737,234. This is an interim period estimate; it is not indicative of the final year end results.

There was an increase in the net loss per BAC reported for the nine-months ended December 31, 2001 over the prior year. The rental income recorded by the Operating Partnerships for the prior nine-month period ended September 30, 2000, and reported on the December 30, 2000 quarterly report was overstated. The overstatement was a result of reporting the full rental income earned by some of the Operating Partnerships, which are only partially owned by Series 26. An adjustment for the partial ownership was reflected in the March 31, 2001 report.

On October 18, 2000, A.V.A. Limited Partnership (Hanover Apartments), a property consisting of five buildings and forty units, sustained major fire damage. One building containing eight units was deemed uninhabitable due to the fire. There have been repairs to the units and currently three of the eight units are occupied. The remaining five units were previously inspected, but additional work was required. They are expected to be occupied by March 1, 2002. The property is insured for both repair costs and loss of rental income, and claims to repair the property and collect insurance proceeds for the lost income were submitted to the insurance company. Repair and replacement costs have been reimbursed to the property. The lost rental income was only reimbursed by the insurance company up to November 16, 2001 because that was the maximum amount the insurance policy would allow.

Series 27

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100% and 99.6%, respectively. The series had a total of 16 properties at December 31, 2001, all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 27 reflects a net loss from Operating Partnerships of $588,609. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $488,728. This is an interim period estimate; it is not indicative of the final year end results.

Centrum-Fairfax II Limited Partnership's (Forest Glen at Sulley Station Phase II) operations remained stable in the fourth quarter of 2001. The average annual physical occupancy was 93% in 2001. Centrum Management LLC, an affiliate of the Operating General Partner, and the management agent, continues to use various marketing and sales initiatives which has stabilized the physical occupancy. The Operating General Partners continue to fund operating deficits as required by the Amended and Restated Certificate and Agreement of Limited Partnership. The mortgage, real estate taxes, insurance and accounts payment are current.

Holly Heights Limited Partnership (Holly Heights Apartments) continues to incur operating deficits due to high tenant turnover and the implementation of rental concessions to stabilize low occupancy incurred in 2000 As a result of the rental concessions, occupancy improved to 92% in 2001 from 84% in 2000. Management will continue to use rental concessions until occupancy has stabilized. As a result of the ongoing concession, operating deficits are anticipated to continue through June 2002. The Investment General Partner continues to monitor the property. The mortgage, taxes, insurance and payables are current.

Series 28

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100%. The series had a total of 26 properties at December 31, 2001, all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 28 reflects a net loss from Operating Partnerships of $1,190,337. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $436,180. This is an interim period estimate; it is not indicative of the final year end results.

The increase in net loss per BAC for the nine-months ended December 31, 2001 is a result of operations reported for two Operating Partnerships, which were in lease-up in the prior year report.

Series 29

As of December 31, 2001 and 2000 the average Qualified Occupancy for the Series was 100% and 99.9%, respectively. The series had a total of 22 properties at December 31, 2001 all of which were 100% Qualified Occupancy.

For the nine months being reported Series 29 reflects a net loss from Operating Partnerships of $1,175,367. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $686,320. This is an interim period estimate; it is not indicative of the final year end results.

Series 30

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100%. The series had a total of 20 properties at December 31, 2001 all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 30 reflects a net loss from Operating Partnerships of $939,349. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $203,234. This is an interim period estimate; it is not indicative of the final year end results.

Series 31

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100%. The series had a total of 27 properties at December 31, 2001 all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 31 reflects a net loss from Operating Partnerships of $1,534,289. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $1,145,536. This is an interim period estimate; it is not indicative of the final year end results.

Series 32

As of December 31, 2001 and 2000, the average Qualified Occupancy for the series was 98.5% and 100%, respectively. The series had a total of 17 properties at December 31, 2001. Out of the total 15 were at 100% Qualified Occupancy and one was in initial lease-up.

For the nine months being reported Series 32 reflects a net loss from Operating Partnerships of $819,184. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $634,794. This is an interim period estimate; it is not indicative of the final year end results.

The Investment Partnership invested in FFLM Associates which is an Operating Partnership which owns the Limited Partner interests in Carriage Pointe Investors, LP, Sayerville Housing Investors LP, and Woodhaven at South Brunswick LP. Carriage Pointe Investors, LP suffers from negative cash flow, high payables, and under-funded replacement reserves. The Operating General Partner is currently considering two options to improve the financial situation: (1) the General Partner will pay all outstanding accounts payable if allowed to transfer his interest in the partnership; or (2) refinance the first mortgage. The Investment General Partner will continue to address these issues with the Operating General Partners.

Martinsville I, Ltd. (Martinsville Apartments) is a 13-unit property located in Shelbyville, Kentucky. The property operated above breakeven for the fourth quarter of 2001 with an average occupancy of 100%. The Operating General Partner has refused to settle outstanding costs related to construction cost overruns. In addition a lawsuit has been filed against the Operating General Partner, the construction company and the Operating Partnership by unpaid construction vendors. Both the Operating General Partner and the Investment Limited Partner have engaged legal counsel to resolve these issues. Legal counsel for the Investment Limited Partner sent out a Notice of Partnership Agreement Defaults to the Operating General Partner on December 13, 2001. A Notice of Demand on the Guaranty by the General Partners was sent on January 23, 2002 with a 20-day deadline to cure all defaults. The Operating General Partner's position has not changed. He is unwilling to resolve the issues outlined in the Default Lette r. If the defaults are not resolved in the required timeframe, it is likely that the General Partner will be replaced.

Series 33

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100% and 99.9%, respectively. The series had a total of 10 properties at December 31, 2001 all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 33 reflects a net loss from Operating Partnerships of $317,067. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $261,369. This is an interim period estimate; it is not indicative of the final year end results.

The Investment Partnership invested in FFLM Associates which is an Operating Partnership which owns the Limited Partner interests in Carriage Pointe Investors, LP, Sayerville Housing Investors LP, and Woodhaven at South Brunswick LP. Carriage Pointe Investors, LP suffers from negative cash flow, high payables, and under-funded replacement reserves. The Operating General Partner is currently considering two options to improve the financial situation: (1) the General Partner will pay all outstanding accounts payable if allowed to transfer his interest in the partnership; or (2) refinance the first mortgage. The Investment General Partner will continue to address these issues with the Operating General Partners.

Series 34

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100% and 99.2%, respectively. The series had a total of 14 properties at December 31, 2001 all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 34 reflects a net loss from Operating Partnerships of $877,888. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $704,436. This is an interim period estimate; it is not indicative of the final year end results.

Series 35

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 91.3% and 88.1%, respectively. The series had a total of 11 properties at December 31, 2001. Out of the total 10 were at 100% qualified occupancy. The series also had 1 property with multiple buildings, some of which were in lease-up and some of which were under construction at December 31, 2001.

For the nine months being reported Series 35 reflects a net loss from Operating Partnerships of $1,059,069. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect a net loss from operations of ($68,368). This is an interim period estimate; it is not indicative of the final year end results.

Series 36

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 100% and 89.8%, respectively. The series had a total of 11 properties at December 31, 2001 all of which were at 100% Qualified Occupancy.

For the nine months being reported Series 36 reflects a net loss from Operating Partnerships of $581,498. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $249,927. This is an interim period estimate; it is not indicative of the final year end results.

Series 37

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 85.9% and 55.9%, respectively. The series had a total of 7 properties at December 31, 2001. Out of the total 5 were at 100% Qualified Occupancy. The series also had 2 properties with multiple buildings, some of which were in lease-up and some of which were under construction at December 31, 2001

For the nine months being reported Series 37 reflects a net loss from Operating Partnerships of $464,442. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $332,688. This is an interim period estimate; it is not indicative of the final year end results.

Series 38

As of December 31, 2001 and 2000 the average Qualified Occupancy for the series was 91.2% and 62.5%, respectively. The series had a total of 10 properties at December 31, 2001. Out of the total 8 were at 100% Qualified Occupancy and 1 was in active lease-up. The series also had 1 property that was still under construction at December 31, 2001.

For the nine months being reported Series 38 reflects a net loss from Operating Partnerships of $142,644. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect positive operations of $71,461. This is an interim period estimate; it is not indicative of the final year end results.

Series 39

As of December 31, 2001 the average Qualified Occupancy for the series was 80.9%. The series had a total of 9 properties at December 31, 2001. Out of the total 6 were at 100% Qualified Occupancy and 1 was in active lease-up. The Series also had 2 properties with multiple buildings, some of which were in lease-up and some of which were under construction at December 31, 2001. Since all of the properties acquired as of December 31, 2000, were still under construction there is no comparative information to report.

For the nine months being reported Series 39 reflects a net loss from Operating Partnerships of $301,288. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect a net loss from operations of $(157,707). This is an interim period estimate; it is not indicative of the final year end results.

Series 40

As of December 31, 2001 the average Qualified Occupancy for the series was 80.6%. The series had a total of 15 properties at December 31, 2001. Out of the total 6 were at 100% Qualified Occupancy and 4 were active lease-up. The Series also had 5 properties that were still under construction at December 31, 2001. Since all of the properties were acquired after December 31, 2000, there is no comparative information to report.

For the nine months being reported Series 40 reflects a net loss from Operating Partnerships of $140. When adjusted for depreciation which is a non-cash item, the Operating Partnerships reflect a positive operations of $947. This is an interim period estimate; it is not indicative of the final year end results.

Series 41

Series 41 had a total of 8 properties at December 31, 2001, all of which were still under construction or had just completed construction. Since all of the properties were acquired after December 31, 2000, there is no comparative information to report.

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings
	None
Item 2.	Changes in Securities
	None
Item 3.	Defaults upon Senior Securities
	None
Item 4.	Submission of Matters to a Vote of Security Holders
	None
Item 5.	Other Information
	None
Item 6.	Exhibits and Reports on Form 8-K
	(a)Exhibits
		None
	(b)Reports on Form 8-K
		None

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 20, 2002		By:	/s/ John. P. Manning John P. Manning