10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended June 30, 2018
or
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number        0-26200

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

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

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

                   (617) 624-8900                   

(Registrant's telephone number, including area code)

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

Yes ý No 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ý No 

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

Large accelerated filer □	Accelerated Filer □
Non-accelerated filer □ (Do not check if a smaller reporting company)
	Smaller Reporting Company ý
	Emerging Growth Company □

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

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

Yes  No ý

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED JUNE 30, 2018

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION
			Pages
	Item 1. Condensed Financial Statements
		Condensed Balance Sheets			4-31
		Condensed Statements of Operations			32-59
		Condensed Statements of Changes in  Partners' Capital (Deficit)			60-69
		Condensed Statements of Cash Flows			70-97
		Notes to Condensed Financial Statements			98-133
	Item 2. Management's Discussion and Analysis of          Financial Condition and Results of Operations			134-172
	Item 3. Quantitative and Qualitative Disclosures About         Market Risk			173
	Item 4. Controls and Procedures			173
PART II OTHER INFORMATION
	Item 1. Legal Proceedings			174
	Item 1A. Risk Factors			174
	Item 2. Unregistered Sales of Equity Securities and         Use of Proceeds			174
	Item 3. Defaults Upon Senior Securities			174
	Item 4. Mine Safety Disclosures			174
	Item 5. Other Information			174
	Item 6. Exhibits			174
	Signatures			175

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		25,426,773		27,208,717
Other assets		40,088		40,088
	$	25,466,861	$	27,248,805
LIABILITIES
Accounts payable and accrued expenses	$	712,173	$	654,673
Accounts payable affiliates (Note C)		27,093,397		29,495,273
Capital contributions payable		176,646		176,746
		27,982,216		30,326,692
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  83,651,080 issued and 83,175,478 outstanding as of June 30, 2018 and March 31, 2018.		3,487,941		2,931,035
General Partner		(6,003,296)		(6,008,922)
		(2,515,355)		(3,077,887)
	$	25,466,861	$	27,248,805

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		246,325		241,987
Other assets		-		-
	$	246,325	$	241,987
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,309,494		1,444,723
Capital contributions payable		-		-
		1,309,494		1,444,723
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,866,700 issued and 3,829,200 outstanding as of June 30, 2018 and March 31, 2018.		(744,285)		(882,456)
General Partner		(318,884)		(320,280)
		(1,063,169)		(1,202,736)
	$	246,325	$	241,987

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 21

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  1,892,700 issued and 1,879,500 outstanding as of June 30, 2018 and March 31, 2018.		(898,231)		(898,231)
General Partner		898,231		898,231
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		210,051		221,864
Other assets		-		-
	$	210,051	$	221,864
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,884,535		2,878,109
Capital contributions payable		-		-
		2,884,535		2,878,109
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,564,400 issued and 2,550,645 outstanding as of June 30, 2018 and March 31, 2018.		(2,428,656)		(2,410,599)
General Partner		(245,828)		(245,646)
		(2,674,484)		(2,656,245)
	$	210,051	$	221,864

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 23

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		237,867		446,136
Other assets		-		-
	$	237,867	$	446,136
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		738,943		933,387
Capital contributions payable		-		-
		738,943		933,387
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,336,727 issued and 3,303,327 outstanding as of June 30, 2018 and March 31, 2018.		(211,219)		(197,532)
General Partner		(289,857)		(289,719)
		(501,076)		(487,251)
	$	237,867	$	446,136

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		423,184		453,512
Other assets		-		-
	$	423,184	$	453,512
LIABILITIES
Accounts payable and accrued expenses	$	-	$	5,000
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		5,000
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,169,878 issued and 2,152,753 outstanding as of June 30, 2018 and March 31, 2018.		598,204		623,279
General Partner		(175,020)		(174,767)
		423,184		448,512
	$	423,184	$	453,512

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,026,109 issued and 3,016,809 outstanding as of June 30, 2018 and March 31, 2018.		219,815		219,815
General Partner		(219,815)		(219,815)
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		620,521		642,258
Other assets		-		-
	$	620,521	$	642,258
LIABILITIES
Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		3,500		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,995,900 issued and 3,965,400 outstanding as of June 30, 2018 and March 31, 2018.		929,193		954,178
General Partner		(312,172)		(311,920)
		617,021		642,258
	$	620,521	$	642,258

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		6,789,575		6,799,933
Other assets		-		-
	$	6,789,575	$	6,799,933
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,460,700 issued and 2,443,900 outstanding as of June 30, 2018 and March 31, 2018.		6,928,127		6,938,381
General Partner		(138,552)		(138,448)
		6,789,575		6,799,933
	$	6,789,575	$	6,799,933

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		734,504		742,564
Other assets		-		-
	$	734,504	$	742,564
LIABILITIES
Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		3,500		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,000,738 issued and 3,984,138 outstanding as of June 30, 2018 and March 31, 2018.		1,005,531		1,016,975
General Partner		(274,527)		(274,411)
		731,004		742,564
	$	734,504	$	742,564

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		443,270		622,414
Other assets		-		-
	$	443,270	$	622,414
LIABILITIES
Accounts payable and accrued expenses	$	10,500	$	-
Accounts payable affiliates (Note C)		3,278,047		3,559,561
Capital contributions payable		785		885
		3,289,332		3,560,446
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,991,800 issued and 3,955,225 outstanding as of June 30, 2018 and March 31, 2018.		(2,478,954)		(2,570,004)
General Partner		(367,108)		(368,028)
		(2,846,062)		(2,938,032)
	$	443,270	$	622,414

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		317,818		453,433
Other assets		-		-
	$	317,818	$	453,433
LIABILITIES
Accounts payable and accrued expenses	$	14,000	$	3,500
Accounts payable affiliates (Note C)		1,470,765		1,620,957
Capital contributions payable		65,176		65,176
		1,549,941		1,689,633
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,651,000 issued and 2,621,200 outstanding as of June 30, 2018 and March 31, 2018.		(992,746)		(996,782)
General Partner		(239,377)		(239,418)
		(1,232,123)		(1,236,200)
	$	317,818	$	453,433

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,950,407		1,971,680
Other assets		25,000		25,000
	$	1,975,407	$	1,996,680
LIABILITIES
Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		66,294		66,294
		69,794		66,294
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,417,857 issued and 4,382,757 outstanding as of June 30, 2018 and March 31, 2018.		2,265,816		2,290,341
General Partner		(360,203)		(359,955)
		1,905,613		1,930,386
	$	1,975,407	$	1,996,680

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		352,267		563,697
Other assets		-		-
	$	352,267	$	563,697
LIABILITIES
Accounts payable and accrued expenses	$	5,000	$	-
Accounts payable affiliates (Note C)		259,143		924,936
Capital contributions payable		1,229		1,229
		265,372		926,165
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,754,198 issued and 4,736,198 outstanding as of June 30, 2018 and March 31, 2018.		492,389		47,520
General Partner		(405,494)		(409,988)
		86,895		(362,468)
	$	352,267	$	563,697

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		330,989		452,033
Other assets		-		-
	$	330,989	$	452,033
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,159,333		1,252,955
Capital contributions payable		-		-
		1,159,333		1,252,955
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,636,533 issued and 2,626,533 outstanding as of June 30, 2018 and March 31, 2018.		(594,281)		(567,133)
General Partner		(234,063)		(233,789)
		(828,344)		(800,922)
	$	330,989	$	452,033

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		281,844		394,837
Other assets		-		-
	$	281,844	$	394,837
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,752,734		2,840,368
Capital contributions payable		-		-
		2,752,734		2,840,368
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,529,319 issued and 3,509,919 outstanding as of June 30, 2018 and March 31, 2018.		(2,145,791)		(2,120,686)
General Partner		(325,099)		(324,845)
		(2,470,890)		(2,445,531)
	$	281,844	$	394,837

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		4,411,736		4,428,306
Other assets		-		-
	$	4,411,736	$	4,428,306
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,300,463 issued and 3,279,913 outstanding as of June 30, 2018 and March 31, 2018.		4,649,644		4,666,048
General Partner		(237,908)		(237,742)
		4,411,736		4,428,306
	$	4,411,736	$	4,428,306

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		2,062,524		2,106,050
Other assets		-		-
	$	2,062,524	$	2,106,050
LIABILITIES
Accounts payable and accrued expenses	$	131,000	$	131,000
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		131,000		131,000
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,106,838 issued and 2,092,704 outstanding as of June 30, 2018 and March 31, 2018.		2,090,872		2,133,963
General Partner		(159,348)		(158,913)
		1,931,524		1,975,050
	$	2,062,524	$	2,106,050

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		335,629		517,887
Other assets		-		-
	$	335,629	$	517,887
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		323,333		513,149
Capital contributions payable		-		-
		323,333		513,149
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,512,500 issued and 2,489,100 outstanding as of June 30, 2018 and March 31, 2018.		227,737		220,255
General Partner		(215,441)		(215,517)
		12,296		4,738
	$	335,629	$	517,887

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,484,524		1,492,145
Other assets		-		-
	$	1,484,524	$	1,492,145
LIABILITIES
Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		18,234
Capital contributions payable		-		-
		3,500		18,234
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,543,100 issued and 2,538,700 outstanding as of June 30, 2018 and March 31, 2018.		1,684,498		1,677,456
General Partner		(203,474)		(203,545)
		1,481,024		1,473,911
	$	1,484,524	$	1,492,145

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-
	$	-	$	-
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-
		-		-
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,292,151 issued and 2,288,351 outstanding as of June 30, 2018 and March 31, 2018.		196,043		196,043
General Partner		(196,043)		(196,043)
		-		-
	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		266,196		431,341
Other assets		-		-
	$	266,196	$	431,341
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,289,663		2,413,069
Capital contributions payable		102		102
		2,289,765		2,413,171
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,630,256 issued and 2,621,756 outstanding as of June 30, 2018 and March 31, 2018.		(1,778,390)		(1,737,068)
General Partner		(245,179)		(244,762)
		(2,023,569)		(1,981,830)
	$	266,196	$	431,341

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		402,614		741,152
Other assets		-		-
	$	402,614	$	741,152
LIABILITIES
Accounts payable and accrued expenses	$	9,000	$	-
Accounts payable affiliates (Note C)		2,538,438		2,893,606
Capital contributions payable		-		-
		2,547,438		2,893,606
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,891,626 issued and 2,874,926 outstanding as of June 30, 2018 and March 31, 2018.		(1,874,207)		(1,881,761)
General Partner		(270,617)		(270,693)
		(2,144,824)		(2,152,454)
	$	402,614	$	741,152

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,295,554		1,327,017
Other assets		11,300		11,300
	$	1,306,854	$	1,338,317
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		254		254
		254		254
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,744,262 issued and 2,732,262 outstanding as of June 30, 2018 and March 31, 2018.		1,534,472		1,565,620
General Partner		(227,872)		(227,557)
		1,306,600		1,338,063
	$	1,306,854	$	1,338,317

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 43

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		572,013		854,364
Other assets		-		-
	$	572,013	$	854,364
LIABILITIES
Accounts payable and accrued expenses	$	6,000	$	-
Accounts payable affiliates (Note C)		619,920		915,591
Capital contributions payable		26,082		26,082
		652,002		941,673
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  3,637,987 issued and 3,629,487 outstanding as of June 30, 2018 and March 31, 2018.		242,332		235,085
General Partner		(322,321)		(322,394)
		(79,989)		(87,309)
	$	572,013	$	854,364

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 44

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		84,245		84,006
Other assets		-		-
	$	84,245	$	84,006
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,890,225		2,830,127
Capital contributions payable		-		-
		2,890,225		2,830,127
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,701,973 issued and 2,693,973 outstanding as of June 30, 2018 and March 31, 2018.		(2,540,472)		(2,481,212)
General Partner		(265,508)		(264,909)
		(2,805,980)		(2,746,121)
	$	84,245	$	84,006

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 45

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		1,109,867		753,702
Other assets		-		-
	$	1,109,867	$	753,702
LIABILITIES
Accounts payable and accrued expenses	$	522,673	$	515,173
Accounts payable affiliates (Note C)		2,654,535		2,584,511
Capital contributions payable		16,724		16,724
		3,193,932		3,116,408
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  4,014,367 issued and 4,008,167 outstanding as of June 30, 2018 and March 31, 2018.		(1,709,562)		(1,985,417)
General Partner		(374,503)		(377,289)
		(2,084,065)		(2,362,706)
	$	1,109,867	$	753,702

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 46

		June 30, 2018		March 31, 2018
INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-
OTHER ASSETS
Cash and cash equivalents		463,249		466,399
Other assets		3,788		3,788
	$	467,037	$	470,187
LIABILITIES
Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,924,289		1,871,990
Capital contributions payable		-		-
		1,924,289		1,871,990
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership  interest, $10 stated value per BAC;  101,500,000 authorized BACs;  2,980,998 issued and 2,968,635 outstanding as of June 30, 2018 and March 31, 2018.		(1,179,938)		(1,125,043)
General Partner		(277,314)		(276,760)
		(1,457,252)		(1,401,803)
	$	467,037	$	470,187

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

		2018		2017
Income
Interest income	$	50,858	$	13,934
Other income		186,487		87,713
		237,345		101,647
Share of income from  Operating Partnerships (Note D)		1,189,317		4,529,631
Expenses
Professional fees		368,127		129,367
Fund management fee, net (Note C)		411,725		520,374
General and administrative expenses		84,278		107,022
		864,130		756,763
NET INCOME (LOSS)	$	562,532	$	3,874,515
Net income (loss) allocated to  assignees	$	556,906	$	3,835,770
Net income (loss) allocated to general partner	$	5,626	$	38,745
Net income (loss) per BAC	$	.01	$	.05

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

		2018		2017
Income
Interest income	$	587	$	35
Other income		-		-
		587		35
Share of income from  Operating Partnerships (Note D)		155,337		-
Expenses
Professional fees		10,105		2,980
Fund management fee, net (Note C)		2,271		3,718
General and administrative expenses		3,981		4,238
		16,357		10,936
NET INCOME (LOSS)	$	139,567	$	(10,901)
Net income (loss) allocated to  assignees	$	138,171	$	(10,792)
Net income (loss) allocated to general partner	$	1,396	$	(109)
Net income (loss) per BAC	$	.04	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

		2018		2017
Income
Interest income	$	-	$	29
Other income		-		-
		-		29
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		2,630
Fund management fee, net (Note C)		-		2,256
General and administrative expenses		-		3,506
		-		8,392
NET INCOME (LOSS)	$	-	$	(8,363)
Net income (loss) allocated to  assignees	$	-	$	(8,279)
Net income (loss) allocated to general partner	$	-	$	(84)
Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

		2018		2017
Income
Interest income	$	532	$	84
Other income		-		-
		532		84
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		9,480		2,980
Fund management fee, net (Note C)		5,926		6,803
General and administrative expenses		3,365		3,832
		18,771		13,615
NET INCOME (LOSS)	$	(18,239)	$	(13,531)
Net income (loss) allocated to  assignees	$	(18,057)	$	(13,396)
Net income (loss) allocated to general partner	$	(182)	$	(135)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

		2018		2017
Income
Interest income	$	923	$	866
Other income		1,977		1,977
		2,900		2,843
Share of income from  Operating Partnerships (Note D)		-		959,665
Expenses
Professional fees		10,915		3,755
Fund management fee, net (Note C)		1,950		3,806
General and administrative expenses		3,860		4,137
		16,725		11,698
NET INCOME (LOSS)	$	(13,825)	$	950,810
Net income (loss) allocated to  assignees	$	(13,687)	$	941,302
Net income (loss) allocated to general partner	$	(138)	$	9,508
Net income (loss) per BAC	$	(.00)	$	.28

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 24

		2018		2017
Income
Interest income	$	593	$	82
Other income		-		-
		593		82
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		11,995		3,325
Fund management fee, net (Note C)		10,761		11,421
General and administrative expenses		3,165		3,784
		25,921		18,530
NET INCOME (LOSS)	$	(25,328)	$	(18,448)
Net income (loss) allocated to  assignees	$	(25,075)	$	(18,264)
Net income (loss) allocated to general partner	$	(253)	$	(184)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 25

		2018		2017
Income
Interest income	$	-	$	71
Other income		-		-
		-		71
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		2,980
Fund management fee, net (Note C)		-		5,934
General and administrative expenses		-		4,043
		-		12,957
NET INCOME (LOSS)	$	-	$	(12,886)
Net income (loss) allocated to  assignees	$	-	$	(12,757)
Net income (loss) allocated to general partner	$	-	$	(129)
Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

		2018		2017
Income
Interest income	$	924	$	136
Other income		420		420
		1,344		556
Share of income from  Operating Partnerships (Note D)		10,500		-
Expenses
Professional fees		18,280		4,725
Fund management fee, net (Note C)		14,609		21,545
General and administrative expenses		4,192		4,513
		37,081		30,783
NET INCOME (LOSS)	$	(25,237)	$	(30,227)
Net income (loss) allocated to  assignees	$	(24,985)	$	(29,925)
Net income (loss) allocated to general partner	$	(252)	$	(302)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

		2018		2017
Income
Interest income	$	12,472	$	4,338
Other income		-		-
		12,472		4,338
Share of income from  Operating Partnerships (Note D)		-		3,291,567
Expenses
Professional fees		11,990		17,770
Fund management fee, net (Note C)		7,635		14,968
General and administrative expenses		3,205		3,832
		22,830		36,570
NET INCOME (LOSS)	$	(10,358)	$	3,259,335
Net income (loss) allocated to  assignees	$	(10,254)	$	3,226,742
Net income (loss) allocated to general partner	$	(104)	$	32,593
Net income (loss) per BAC	$	(.00)	$	1.32

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

		2018		2017
Income
Interest income	$	930	$	148
Other income		446		446
		1,376		594
Share of income from  Operating Partnerships (Note D)		8,500		-
Expenses
Professional fees		10,740		4,025
Fund management fee, net (Note C)		6,844		6,844
General and administrative expenses		3,852		4,283
		21,436		15,152
NET INCOME (LOSS)	$	(11,560)	$	(14,558)
Net income (loss) allocated to  assignees	$	(11,444)	$	(14,412)
Net income (loss) allocated to general partner	$	(116)	$	(146)
Net income (loss) per BAC	$	(.00)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 29

		2018		2017
Income
Interest income	$	1,245	$	92
Other income		-		-
		1,245		92
Share of income from  Operating Partnerships (Note D)		123,094		-
Expenses
Professional fees		13,255		3,675
Fund management fee, net (Note C)		15,093		20,546
General and administrative expenses		4,021		4,351
		32,369		28,572
NET INCOME (LOSS)	$	91,970	$	(28,480)
Net income (loss) allocated to  assignees	$	91,050	$	(28,195)
Net income (loss) allocated to general partner	$	920	$	(285)
Net income (loss) per BAC	$	.02	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

		2018		2017
Income
Interest income	$	799	$	57
Other income		2,049		1,243
		2,848		1,300
Share of income from  Operating Partnerships (Note D)		24,006		263,893
Expenses
Professional fees		14,505		3,675
Fund management fee, net (Note C)		5,112		(31,900)
General and administrative expenses		3,160		3,764
		22,777		(24,461)
NET INCOME (LOSS)	$	4,077	$	289,654
Net income (loss) allocated to  assignees	$	4,036	$	286,757
Net income (loss) allocated to general partner	$	41	$	2,897
Net income (loss) per BAC	$	.00	$	.11

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

		2018		2017
Income
Interest income	$	3,970	$	1,017
Other income		476		476
		4,446		1,493
Share of income from  Operating Partnerships (Note D)		7,500		-
Expenses
Professional fees		15,140		5,425
Fund management fee, net (Note C)		17,592		20,199
General and administrative expenses		3,987		4,285
		36,719		29,909
NET INCOME (LOSS)	$	(24,773)	$	(28,416)
Net income (loss) allocated to  assignees	$	(24,525)	$	(28,132)
Net income (loss) allocated to general partner	$	(248)	$	(284)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

		2018		2017
Income
Interest income	$	1,270	$	323
Other income		-		-
		1,270		323
Share of income from  Operating Partnerships (Note D)		487,880		14,506
Expenses
Professional fees		13,637		4,025
Fund management fee, net (Note C)		22,087		19,870
General and administrative expenses		4,063		4,391
		39,787		28,286
NET INCOME (LOSS)	$	449,363	$	(13,457)
Net income (loss) allocated to  assignees	$	444,869	$	(13,322)
Net income (loss) allocated to general partner	$	4,494	$	(135)
Net income (loss) per BAC	$	.09	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,

(Unaudited)

Series 33

		2018		2017
Income
Interest income	$	942	$	91
Other income		-		-
		942		91
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		11,990		3,150
Fund management fee, net (Note C)		13,318		9,898
General and administrative expenses		3,056		3,692
		28,364		16,740
NET INCOME (LOSS)	$	(27,422)	$	(16,649)
Net income (loss) allocated to  assignees	$	(27,148)	$	(16,483)
Net income (loss) allocated to general partner	$	(274)	$	(166)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

		2018		2017
Income
Interest income	$	593	$	339
Other income		-		-
		593		339
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		10,110		3,675
Fund management fee, net (Note C)		12,366		12,366
General and administrative expenses		3,476		3,993
		25,952		20,034
NET INCOME (LOSS)	$	(25,359)	$	(19,695)
Net income (loss) allocated to  assignees	$	(25,105)	$	(19,498)
Net income (loss) allocated to general partner	$	(254)	$	(197)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

		2018		2017
Income
Interest income	$	7,811	$	1,454
Other income		-		-
		7,811		1,454
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		10,285		3,500
Fund management fee, net (Note C)		10,653		17,481
General and administrative expenses		3,443		3,977
		24,381		24,958
NET INCOME (LOSS)	$	(16,570)	$	(23,504)
Net income (loss) allocated to  assignees	$	(16,404)	$	(23,269)
Net income (loss) allocated to general partner	$	(166)	$	(235)
Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 36

		2018		2017
Income
Interest income	$	4,438	$	1,405
Other income		5,119		2,674
		9,557		4,079
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		44,542		3,675
Fund management fee, net (Note C)		5,716		5,716
General and administrative expenses		2,825		3,570
		53,083		12,961
NET INCOME (LOSS)	$	(43,526)	$	(8,882)
Net income (loss) allocated to  assignees	$	(43,091)	$	(8,793)
Net income (loss) allocated to general partner	$	(435)	$	(89)
Net income (loss) per BAC	$	(.02)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

		2018		2017
Income
Interest income	$	810	$	1,161
Other income		21,485		11,225
		22,295		12,386
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		9,655		3,325
Fund management fee, net (Note C)		2,166		4,483
General and administrative expenses		2,916		3,631
		14,737		11,439
NET INCOME (LOSS)	$	7,558	$	947
Net income (loss) allocated to  assignees	$	7,482	$	938
Net income (loss) allocated to general partner	$	76	$	9
Net income (loss) per BAC	$	.00	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

		2018		2017
Income
Interest income	$	2,836	$	735
Other income		26,000		386
		28,836		1,121
Share of income from  Operating Partnerships (Note D)		7,000		-
Expenses
Professional fees		10,470		4,025
Fund management fee, net (Note C)		15,234		18,234
General and administrative expenses		3,019		3,692
		28,723		25,951
NET INCOME (LOSS)	$	7,113	$	(24,830)
Net income (loss) allocated to  assignees	$	7,042	$	(24,582)
Net income (loss) allocated to general partner	$	71	$	(248)
Net income (loss) per BAC	$	.00	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

		2018		2017
Income
Interest income	$	-	$	247
Other income		-		386
		-		633
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		-		3,675
Fund management fee, net (Note C)		-		1,709
General and administrative expenses		-		3,560
		-		8,944
NET INCOME (LOSS)	$	-	$	(8,311)
Net income (loss) allocated to  assignees	$	-	$	(8,228)
Net income (loss) allocated to general partner	$	-	$	(83)
Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 40

		2018		2017
Income
Interest income	$	631	$	29
Other income		-		1,660
		631		1,689
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		14,695		4,900
Fund management fee, net (Note C)		24,444		29,766
General and administrative expenses		3,231		3,714
		42,370		38,380
NET INCOME (LOSS)	$	(41,739)	$	(36,691)
Net income (loss) allocated to  assignees	$	(41,322)	$	(36,324)
Net income (loss) allocated to general partner	$	(417)	$	(367)
Net income (loss) per BAC	$	(.02)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 41

		2018		2017
Income
Interest income	$	1,202	$	151
Other income		41,340		11,143
		42,542		11,294
Share of income from  Operating Partnerships (Note D)		14,000		-
Expenses
Professional fees		21,605		5,599
Fund management fee, net (Note C)		23,784		52,990
General and administrative expenses		3,523		3,944
		48,912		62,533
NET INCOME (LOSS)	$	7,630	$	(51,239)
Net income (loss) allocated to  assignees	$	7,554	$	(50,727)
Net income (loss) allocated to general partner	$	76	$	(512)
Net income (loss) per BAC	$	.00	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 42

		2018		2017
Income
Interest income	$	3,114	$	345
Other income		6,300		-
		9,414		345
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		19,540		5,018
Fund management fee, net (Note C)		18,147		41,835
General and administrative expenses		3,190		3,775
		40,877		50,628
NET INCOME (LOSS)	$	(31,463)	$	(50,283)
Net income (loss) allocated to  assignees	$	(31,148)	$	(49,780)
Net income (loss) allocated to general partner	$	(315)	$	(503)
Net income (loss) per BAC	$	(.01)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 43

		2018		2017
Income
Interest income	$	1,935	$	99
Other income		49,005		34,072
		50,940		34,171
Share of income from  Operating Partnerships (Note D)		9,000		-
Expenses
Professional fees		20,810		5,843
Fund management fee, net (Note C)		28,083		44,950
General and administrative expenses		3,727		4,113
		52,620		54,906
NET INCOME (LOSS)	$	7,320	$	(20,735)
Net income (loss) allocated to  assignees	$	7,247	$	(20,528)
Net income (loss) allocated to general partner	$	73	$	(207)
Net income (loss) per BAC	$	.00	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 44

		2018		2017
Income
Interest income	$	145	$	7
Other income		-		-
		145		7
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		12,360		4,025
Fund management fee, net (Note C)		44,464		56,826
General and administrative expenses		3,180		3,786
		60,004		64,637
NET INCOME (LOSS)	$	(59,859)	$	(64,630)
Net income (loss) allocated to  assignees	$	(59,260)	$	(63,984)
Net income (loss) allocated to general partner	$	(599)	$	(646)
Net income (loss) per BAC	$	(.02)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 45

		2018		2017
Income
Interest income	$	1,445	$	366
Other income		22,205		21,605
		23,650		21,971
Share of income from  Operating Partnerships (Note D)		342,500		-
Expenses
Professional fees		25,613		12,087
Fund management fee, net (Note C)		57,517		65,811
General and administrative expenses		4,379		4,632
		87,509		82,530
NET INCOME (LOSS)	$	278,641	$	(60,559)
Net income (loss) allocated to  assignees	$	275,855	$	(59,953)
Net income (loss) allocated to general partner	$	2,786	$	(606)
Net income (loss) per BAC	$	.07	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 46

		2018		2017
Income
Interest income	$	711	$	227
Other income		9,665		-
		10,376		227
Share of income from  Operating Partnerships (Note D)		-		-
Expenses
Professional fees		16,410		4,900
Fund management fee, net (Note C)		45,953		52,299
General and administrative expenses		3,462		3,984
		65,825		61,183
NET INCOME (LOSS)	$	(55,449)	$	(60,956)
Net income (loss) allocated to  assignees	$	(54,895)	$	(60,346)
Net income (loss) allocated to general partner	$	(554)	$	(610)
Net income (loss) per BAC	$	(.02)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Partners' capital (deficit)   April 1, 2018	$	2,931,035	$	(6,008,922)	$	(3,077,887)
Net income (loss)		556,906		5,626		562,532
Partners' capital (deficit),   June 30, 2018	$	3,487,941	$	(6,003,296)	$	(2,515,355)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 20
Partners' capital (deficit)   April 1, 2018	$	(882,456)	$	(320,280)	$	(1,202,736)
Net income (loss)		138,171		1,396		139,567
Partners' capital (deficit),   June 30, 2018	$	(744,285)	$	(318,884)	$	(1,063,169)

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

		Assignees		General Partner		Total
Series 22
Partners' capital (deficit)   April 1, 2018	$	(2,410,599)	$	(245,646)	$	(2,656,245)
Net income (loss)		(18,057)		(182)		(18,239)
Partners' capital (deficit),   June 30, 2018	$	(2,428,656)	$	(245,828)	$	(2,674,484)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 23
Partners' capital (deficit)   April 1, 2018	$	(197,532)	$	(289,719)	$	(487,251)
Net income (loss)		(13,687)		(138)		(13,825)
Partners' capital (deficit),   June 30, 2018	$	(211,219)	$	(289,857)	$	(501,076)

		Assignees		General Partner		Total
Series 24
Partners' capital (deficit)   April 1, 2018	$	623,279	$	(174,767)	$	448,512
Net income (loss)		(25,075)		(253)		(25,328)
Partners' capital (deficit),   June 30, 2018	$	598,204	$	(175,020)	$	423,184

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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 26
Partners' capital (deficit)   April 1, 2018	$	954,178	$	(311,920)	$	642,258
Net income (loss)		(24,985)		(252)		(25,237)
Partners' capital (deficit),   June 30, 2018	$	929,193	$	(312,172)	$	617,021

		Assignees		General Partner		Total
Series 27
Partners' capital (deficit)   April 1, 2018	$	6,938,381	$	(138,448)	$	6,799,933
Net income (loss)		(10,254)		(104)		(10,358)
Partners' capital (deficit),   June 30, 2018	$	6,928,127	$	(138,552)	$	6,789,575

		Assignees		General Partner		Total
Series 28
Partners' capital (deficit)   April 1, 2018	$	1,016,975	$	(274,411)	$	742,564
Net income (loss)		(11,444)		(116)		(11,560)
Partners' capital (deficit),   June 30, 2018	$	1,005,531	$	(274,527)	$	731,004

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 29
Partners' capital (deficit)   April 1, 2018	$	(2,570,004)	$	(368,028)	$	(2,938,032)
Net income (loss)		91,050		920		91,970
Partners' capital (deficit),   June 30, 2018	$	(2,478,954)	$	(367,108)	$	(2,846,062)

		Assignees		General Partner		Total
Series 30
Partners' capital (deficit)   April 1, 2018	$	(996,782)	$	(239,418)	$	(1,236,200)
Net income (loss)		4,036		41		4,077
Partners' capital (deficit),   June 30, 2018	$	(992,746)	$	(239,377)	$	(1,232,123)

		Assignees		General Partner		Total
Series 31
Partners' capital (deficit)   April 1, 2018	$	2,290,341	$	(359,955)	$	1,930,386
Net income (loss)		(24,525)		(248)		(24,773)
Partners' capital (deficit),   June 30, 2018	$	2,265,816	$	(360,203)	$	1,905,613

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 32
Partners' capital (deficit)   April 1, 2018	$	47,520	$	(409,988)	$	(362,468)
Net income (loss)		444,869		4,494		449,363
Partners' capital (deficit),   June 30, 2018	$	492,389	$	(405,494)	$	86,895

		Assignees		General Partner		Total
Series 33
Partners' capital (deficit)   April 1, 2018	$	(567,133)	$	(233,789)	$	(800,922)
Net income (loss)		(27,148)		(274)		(27,422)
Partners' capital (deficit),   June 30, 2018	$	(594,281)	$	(234,063)	$	(828,344)

		Assignees		General Partner		Total
Series 34
Partners' capital (deficit)   April 1, 2018	$	(2,120,686)	$	(324,845)	$	(2,445,531)
Net income (loss)		(25,105)		(254)		(25,359)
Partners' capital (deficit),   June 30, 2018	$	(2,145,791)	$	(325,099)	$	(2,470,890)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 35
Partners' capital (deficit)   April 1, 2018	$	4,666,048	$	(237,742)	$	4,428,306
Net income (loss)		(16,404)		(166)		(16,570)
Partners' capital (deficit),   June 30, 2018	$	4,649,644	$	(237,908)	$	4,411,736

		Assignees		General Partner		Total
Series 36
Partners' capital (deficit)   April 1, 2018	$	2,133,963	$	(158,913)	$	1,975,050
Net income (loss)		(43,091)		(435)		(43,526)
Partners' capital (deficit),   June 30, 2018	$	2,090,872	$	(159,348)	$	1,931,524

		Assignees		General Partner		Total
Series 37
Partners' capital (deficit)   April 1, 2018	$	220,255	$	(215,517)	$	4,738
Net income (loss)		7,482		76		7,558
Partners' capital (deficit),   June 30, 2018	$	227,737	$	(215,441)	$	12,296

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 38
Partners' capital (deficit)   April 1, 2018	$	1,677,456	$	(203,545)	$	1,473,911
Net income (loss)		7,042		71		7,113
Partners' capital (deficit),   June 30, 2018	$	1,684,498	$	(203,474)	$	1,481,024

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

		Assignees		General Partner		Total
Series 40
Partners' capital (deficit)   April 1, 2018	$	(1,737,068)	$	(244,762)	$	(1,981,830)
Net income (loss)		(41,322)		(417)		(41,739)
Partners' capital (deficit),   June 30, 2018	$	(1,778,390)	$	(245,179)	$	(2,023,569)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 41
Partners' capital (deficit)   April 1, 2018	$	(1,881,761)	$	(270,693)	$	(2,152,454)
Net income (loss)		7,554		76		7,630
Partners' capital (deficit),   June 30, 2018	$	(1,874,207)	$	(270,617)	$	(2,144,824)

		Assignees		General Partner		Total
Series 42
Partners' capital (deficit)   April 1, 2018	$	1,565,620	$	(227,557)	$	1,338,063
Net income (loss)		(31,148)		(315)		(31,463)
Partners' capital (deficit),   June 30, 2018	$	1,534,472	$	(227,872)	$	1,306,600

		Assignees		General Partner		Total
Series 43
Partners' capital (deficit)   April 1, 2018	$	235,085	$	(322,394)	$	(87,309)
Net income (loss)		7,247		73		7,320
Partners' capital (deficit),   June 30, 2018	$	242,332	$	(322,321)	$	(79,989)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total
Series 44
Partners' capital (deficit)   April 1, 2018	$	(2,481,212)	$	(264,909)	$	(2,746,121)
Net income (loss)		(59,260)		(599)		(59,859)
Partners' capital (deficit),   June 30, 2018	$	(2,540,472)	$	(265,508)	$	(2,805,980)

		Assignees		General Partner		Total
Series 45
Partners' capital (deficit)   April 1, 2018	$	(1,985,417)	$	(377,289)	$	(2,362,706)
Net income (loss)		275,855		2,786		278,641
Partners' capital (deficit),   June 30, 2018	$	(1,709,562)	$	(374,503)	$	(2,084,065)

		Assignees		General Partner		Total
Series 46
Partners' capital (deficit)   April 1, 2018	$	(1,125,043)	$	(276,760)	$	(1,401,803)
Net income (loss)		(54,895)		(554)		(55,449)
Partners' capital (deficit),   June 30, 2018	$	(1,179,938)	$	(277,314)	$	(1,457,252)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	562,532	$	3,874,515
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(1,189,317)		(4,529,631)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		57,500		(37,382)
Decrease (Increase) in other    assets		-		(11,300)
(Decrease) Increase in accounts    payable affiliates		(2,401,876)		(1,402,150)
Net cash (used in) provided by  operating activities		(2,971,161)		(2,105,948)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		1,189,217		4,414,168
Net cash (used in) provided by investing activities		1,189,217		4,414,168
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(1,781,944)		2,308,220
Cash and cash equivalents, beginning		27,208,717		27,209,997
Cash and cash equivalents, ending	$	25,426,773	$	29,518,217

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 20

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	139,567	$	(10,901)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(155,337)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(135,229)		5,535
Net cash (used in) provided by  operating activities		(150,999)		(5,366)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		155,337		-
Net cash (used in) provided by investing activities		155,337		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		4,338		(5,366)
Cash and cash equivalents, beginning		241,987		271,060
Cash and cash equivalents, ending	$	246,325	$	265,694

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 21

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	-	$	(8,363)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		2,719
Net cash (used in) provided by  operating activities		-		(5,644)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(5,644)
Cash and cash equivalents, beginning		-		241,102
Cash and cash equivalents, ending	$	-	$	235,458

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 22

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(18,239)	$	(13,531)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		6,426		7,303
Net cash (used in) provided by  operating activities		(11,813)		(6,228)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(11,813)		(6,228)
Cash and cash equivalents, beginning		221,864		252,064
Cash and cash equivalents, ending	$	210,051	$	245,836

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 23

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(13,825)	$	950,810
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		(959,665)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		5,000
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(194,444)		2,006
Net cash (used in) provided by  operating activities		(208,269)		(1,849)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		959,665
Net cash (used in) provided by investing activities		-		959,665
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(208,269)		957,816
Cash and cash equivalents, beginning		446,136		659,167
Cash and cash equivalents, ending	$	237,867	$	1,616,983

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 24

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(25,328)	$	(18,448)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		(5,000)		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(30,328)		(18,448)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(30,328)		(18,448)
Cash and cash equivalents, beginning		453,512		427,181
Cash and cash equivalents, ending	$	423,184	$	408,733

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 25

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	-	$	(12,886)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		-		(12,886)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(12,886)
Cash and cash equivalents, beginning		-		344,461
Cash and cash equivalents, ending	$	-	$	331,575

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,

(Unaudited)

Series 26

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(25,237)	$	(30,227)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(10,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		3,500		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(32,237)		(30,227)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		10,500		-
Net cash (used in) provided by investing activities		10,500		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(21,737)		(30,227)
Cash and cash equivalents, beginning		642,258		677,679
Cash and cash equivalents, ending	$	620,521	$	647,452

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 27

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(10,358)	$	3,259,335
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		(3,291,567)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		(27,796)
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(10,358)		(60,028)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		3,291,567
Net cash (used in) provided by investing activities		-		3,291,567
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(10,358)		3,231,539
Cash and cash equivalents, beginning		6,799,933		3,606,473
Cash and cash equivalents, ending	$	6,789,575	$	6,838,012

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 28

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(11,560)	$	(14,558)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(8,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		3,500		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(16,560)		(14,558)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		8,500		-
Net cash (used in) provided by investing activities		8,500		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(8,060)		(14,558)
Cash and cash equivalents, beginning		742,564		812,483
Cash and cash equivalents, ending	$	734,504	$	797,925

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,

(Unaudited)

Series 29

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	91,970	$	(28,480)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(123,094)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		10,500		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(281,514)		20,546
Net cash (used in) provided by  operating activities		(302,138)		(7,934)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		122,994		-
Net cash (used in) provided by investing activities		122,994		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(179,144)		(7,934)
Cash and cash equivalents, beginning		622,414		345,648
Cash and cash equivalents, ending	$	443,270	$	337,714

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 30

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	4,077	$	289,654
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(24,006)		(263,893)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		10,500		3,000
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(150,192)		16,654
Net cash (used in) provided by  operating activities		(159,621)		45,415
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		24,006		148,430
Net cash (used in) provided by investing activities		24,006		148,430
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(135,615)		193,845
Cash and cash equivalents, beginning		453,433		270,126
Cash and cash equivalents, ending	$	317,818	$	463,971

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 31

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(24,773)	$	(28,416)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(7,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		3,500		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(28,773)		(28,416)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		7,500		-
Net cash provided by investing activities		7,500		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(21,273)		(28,416)
Cash and cash equivalents, beginning		1,971,680		2,047,648
Cash and cash equivalents, ending	$	1,950,407	$	2,019,232

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 32

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	449,363	$	(13,457)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(487,880)		(14,506)
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		5,000		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(665,793)		(22,530)
Net cash (used in) provided by  operating activities		(699,310)		(50,493)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		487,880		14,506
Net cash provided by investing activities		487,880		14,506
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(211,430)		(35,987)
Cash and cash equivalents, beginning		563,697		837,185
Cash and cash equivalents, ending	$	352,267	$	801,198

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 33

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(27,422)	$	(16,649)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(93,622)		16,398
Net cash (used in) provided by  operating activities		(121,044)		(251)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(121,044)		(251)
Cash and cash equivalents, beginning		452,033		337,765
Cash and cash equivalents, ending	$	330,989	$	337,514

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 34

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(25,359)	$	(19,695)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(87,634)		(230,134)
Net cash (used in) provided by  operating activities		(112,993)		(249,829)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(112,993)		(249,829)
Cash and cash equivalents, beginning		394,837		849,078
Cash and cash equivalents, ending	$	281,844	$	599,249

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 35

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(16,570)	$	(23,504)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		(391,519)
Net cash (used in) provided by  operating activities		(16,570)		(415,023)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(16,570)		(415,023)
Cash and cash equivalents, beginning		4,428,306		2,392,767
Cash and cash equivalents, ending	$	4,411,736	$	1,977,744

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 36

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(43,526)	$	(8,882)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		(614,874)
Net cash (used in) provided by  operating activities		(43,526)		(623,756)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(43,526)		(623,756)
Cash and cash equivalents, beginning		2,106,050		2,934,317
Cash and cash equivalents, ending	$	2,062,524	$	2,310,561

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 37

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	7,558	$	947
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(189,816)		(34,910)
Net cash (used in) provided by  operating activities		(182,258)		(33,963)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(182,258)		(33,963)
Cash and cash equivalents, beginning		517,887		2,096,039
Cash and cash equivalents, ending	$	335,629	$	2,062,076

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 38

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	7,113	$	(24,830)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(7,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		3,500		(6,543)
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(18,234)		11,134
Net cash (used in) provided by  operating activities		(14,621)		(20,239)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		7,000		-
Net cash (used in) provided by investing activities		7,000		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(7,621)		(20,239)
Cash and cash equivalents, beginning		1,492,145		3,042,864
Cash and cash equivalents, ending	$	1,484,524	$	3,022,625

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 39

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	-	$	(8,311)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		(6,543)
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		-		(340,846)
Net cash (used in) provided by  operating activities		-		(355,700)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(355,700)
Cash and cash equivalents, beginning		-		1,248,898
Cash and cash equivalents, ending	$	-	$	893,198

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 40

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(41,739)	$	(36,691)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(123,406)		(19,234)
Net cash (used in) provided by  operating activities		(165,145)		(55,925)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(165,145)		(55,925)
Cash and cash equivalents, beginning		431,341		248,318
Cash and cash equivalents, ending	$	266,196	$	192,393

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 41

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	7,630	$	(51,239)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(14,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		9,000		(4,500)
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(355,168)		(17,061)
Net cash (used in) provided by  operating activities		(352,538)		(72,800)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		14,000		-
Net cash (used in) provided by investing activities		14,000		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(338,538)		(72,800)
Cash and cash equivalents, beginning		741,152		322,902
Cash and cash equivalents, ending	$	402,614	$	250,102

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 42

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(31,463)	$	(50,283)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		(11,300)
(Decrease) Increase in accounts    payable affiliates		-		-
Net cash (used in) provided by  operating activities		(31,463)		(61,583)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(31,463)		(61,583)
Cash and cash equivalents, beginning		1,327,017		1,072,528
Cash and cash equivalents, ending	$	1,295,554	$	1,010,945

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 43

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	7,320	$	(20,735)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(9,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		6,000		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		(295,671)		57,693
Net cash (used in) provided by  operating activities		(291,351)		36,958
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		9,000		-
Net cash (used in) provided by investing activities		9,000		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(282,351)		36,958
Cash and cash equivalents, beginning		854,364		351,638
Cash and cash equivalents, ending	$	572,013	$	388,596

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 44

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(59,859)	$	(64,630)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		60,098		60,971
Net cash (used in) provided by  operating activities		239		(3,659)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		239		(3,659)
Cash and cash equivalents, beginning		84,006		66,324
Cash and cash equivalents, ending	$	84,245	$	62,665

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 45

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	278,641	$	(60,559)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		(342,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		7,500		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		70,024		15,700
Net cash (used in) provided by  operating activities		13,665		(44,859)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		342,500		-
Net cash (used in) provided by investing activities		342,500		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		356,165		(44,859)
Cash and cash equivalents, beginning		753,702		803,153
Cash and cash equivalents, ending	$	1,109,867	$	758,294

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 46

		2018		2017
Cash flows from operating activities:
Net income (loss)	$	(55,449)	$	(60,956)
Adjustments to reconcile net income (loss) to net cash (used in)   provided by operating activities
Share of (income) from     Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts    payable and accrued expenses		-		-
Decrease (Increase) in other    assets		-		-
(Decrease) Increase in accounts    payable affiliates		52,299		52,299
Net cash (used in) provided by  operating activities		(3,150)		(8,657)
Cash flows from investing activities:
Proceeds from the disposition of     Operating Partnerships		-		-
Net cash (used in) provided by investing activities		-		-
		-		-
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(3,150)		(8,657)
Cash and cash equivalents, beginning		466,399		651,129
Cash and cash equivalents, ending	$	463,249	$	642,472

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
June 30, 2018
(Unaudited)

NOTE A - ORGANIZATION

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

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

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

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

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE A - ORGANIZATION (continued)

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

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

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of June 30, 2018 and for the three months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2018.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS

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

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended June 30, 2018 and 2017, are as follows:

	2018	2017
Series 20	$  2,771	$  5,535
Series 21	-	2,719
Series 22	6,426	7,303
Series 23	5,556	5,556
Series 24	10,761	12,588
Series 25	-	5,934
Series 26	15,609	22,545
Series 27	7,635	14,968
Series 28	8,844	8,844
Series 29	15,093	20,546
Series 30	10,829	16,654
Series 31	19,092	21,699
Series 32	22,087	26,370
Series 33	13,318	16,398
Series 34	12,366	12,366
Series 35	10,653	17,481
Series 36	7,626	7,626
Series 37	10,184	12,501
Series 38	18,234	18,234
Series 39	-	1,709
Series 40	26,594	29,766
Series 41	38,704	53,439
Series 42	29,334	42,870
Series 43	45,635	57,693
Series 44	57,825	57,826
Series 45	70,024	70,359
Series 46	52,299	52,299
	$517,499	$621,828

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the three months ended June 30, 2018 and 2017 are as follows:

	2018	2017
Series 20	$  138,000	$        -
Series 23	200,000	3,550
Series 24	10,761	12,588
Series 25	-	5,934
Series 26	15,609	22,545
Series 27	7,635	14,968
Series 28	8,844	8,844
Series 29	296,607	-
Series 30	161,021	-
Series 31	19,092	21,699
Series 32	687,880	48,900
Series 33	106,940	-
Series 34	100,000	242,500
Series 35	10,653	409,000
Series 36	7,626	622,500
Series 37	200,000	47,411
Series 38	36,468	7,100
Series 39	-	122,100
Series 40	150,000	49,000
Series 41	393,872	70,500
Series 42	29,334	42,870
Series 43	341,306	-
	$2,921,648	$1,752,009

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At June 30, 2018 and 2017, the Fund has limited partnership interests in 156 and 205 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at June 30, 2018 and 2017 are as follows:

	2018	2017
Series 20	1	3
Series 21	-	2
Series 22	3	3
Series 23	3	3
Series 24	5	6
Series 25	-	4
Series 26	8	13
Series 27	3	4
Series 28	4	5
Series 29	5	8
Series 30	3	6
Series 31	7	10
Series 32	5	7
Series 33	3	5
Series 34	4	4
Series 35	2	3
Series 36	3	3
Series 37	1	2
Series 38	3	4
Series 39	-	1
Series 40	9	10
Series 41	11	17
Series 42	11	15
Series 43	16	19
Series 44	7	7
Series 45	25	27
Series 46	14	14
	156	205

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 June 30, 2018 and 2017, are as follows:

	2018	2017
Series 29	$    785	$  8,235
Series 30	65,176	65,176
Series 31	66,294	66,294
Series 32	1,229	1,229
Series 33	-	69,154
Series 37	-	138,438
Series 40	102	102
Series 41	-	100
Series 42	254	73,433
Series 43	26,082	99,265
Series 45	16,724	16,724
	$176,646	$538,150

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the three months ended June 30, 2018 the Fund disposed of thirteen Operating Partnerships. A summary of the dispositions by Series for June 30, 2018 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 20	1	-	$	155,337	$	155,337
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	2	-		24,006		24,006
Series 31	1	-		7,500		7,500
Series 32	-	1		487,880		487,880
Series 38	1	-		7,000		7,000
Series 41	-	1		14,000		14,000
Series 43	1	-		9,000		9,000
Series 45	1	-		342,500		342,500
Total	11	2	$	1,189,217	$	1,189,317

* Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29.

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

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the three months ended June 30, 2017 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2017 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 23	-	1	$	959,665	$	959,665
Series 27	-	1		3,291,567		3,291,567
Series 30	1	1		148,430		263,893
Series 32	-	-		14,506		14,506
Total	1	3	$	4,414,168	$	4,529,631

* Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30.

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

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(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 three months ended March 31, 2018.

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

		2018	2017
Revenues
	Rental	$  11,545,111	$  14,029,090
	Interest and other	360,002	446,491
		11,905,113	14,475,581
Expenses
	Interest	1,886,045	2,382,891
	Depreciation and amortization	3,000,974	3,780,719
	Operating expenses	8,355,030	10,381,532
		13,242,049	16,545,142
NET LOSS		$ (1,336,936)	$ (2,069,561)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (1,323,567)	$ (2,048,864)
Net loss allocated to other Partners		$    (13,369)	$    (20,697)

* Amounts include $(1,323,567) and $(2,048,864) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 20

		2018	2017
Revenues
	Rental	$    69,740	$   133,471
	Interest and other	4,960	8,457
		74,700	141,928
Expenses
	Interest	5,866	12,868
	Depreciation and amortization	14,208	36,093
	Operating expenses	62,258	117,558
		82,332	166,519
NET LOSS		$   (7,632)	$  (24,591)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (7,556)	$  (24,345)
Net loss allocated to other Partners		$      (76)	$     (246)

* Amounts include $(7,556) and $(24,345) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 21

		2018	2017
Revenues
	Rental	$         -	$   123,389
	Interest and other	-	860
		-	124,249
Expenses
	Interest	-	9,916
	Depreciation and amortization	-	20,720
	Operating expenses	-	98,300
		-	128,936
NET LOSS		$         -	$   (4,687)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (4,640)
Net loss allocated to other Partners		$         -	$      (47)

* Amounts include $- and $(4,640) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 22

		2018	2017
Revenues
	Rental	$   127,504	$   127,528
	Interest and other	3,212	4,554
		130,716	132,082
Expenses
	Interest	10,877	11,342
	Depreciation and amortization	27,270	27,089
	Operating expenses	107,889	136,469
		146,036	174,900
NET LOSS		$  (15,320)	$  (42,818)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (15,167)	$  (42,390)
Net loss allocated to other Partners		$     (153)	$     (428)

* Amounts include $(15,167) and $(42,390) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 23

		2018	2017
Revenues
	Rental	$   102,185	$   105,624
	Interest and other	4,210	5,298
		106,395	110,922
Expenses
	Interest	7,445	6,020
	Depreciation and amortization	22,548	22,449
	Operating expenses	84,644	87,804
		114,637	116,273
NET LOSS		$   (8,242)	$   (5,351)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (8,160)	$   (5,297)
Net loss allocated to other Partners		$      (82)	$      (54)

* Amounts include $(8,160) and $(5,297) for 2018 and 2017, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 24

		2018	2017
Revenues
	Rental	$   214,201	$   256,294
	Interest and other	6,867	5,121
		221,068	261,415
Expenses
	Interest	17,395	22,563
	Depreciation and amortization	60,969	70,348
	Operating expenses	171,220	206,766
		249,584	299,677
NET LOSS		$  (28,516)	$  (38,262)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (28,231)	$  (37,879)
Net loss allocated to other Partners		$     (285)	$     (383)

* Amounts include $(28,231) and $(37,879) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 25

		2018	2017
Revenues
	Rental	$         -	$   214,392
	Interest and other	-	5,238
		-	219,630
Expenses
	Interest	-	20,184
	Depreciation and amortization	-	44,177
	Operating expenses	-	164,759
		-	229,120
NET LOSS		$         -	$   (9,490)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (9,395)
Net loss allocated to other Partners		$         -	$      (95)

* Amounts include $- and $(9,395) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 26

		2018	2017
Revenues
	Rental	$   318,677	$   543,233
	Interest and other	3,828	14,389
		322,505	557,622
Expenses
	Interest	55,837	76,663
	Depreciation and amortization	77,703	143,109
	Operating expenses	268,413	462,402
		401,953	682,174
NET LOSS		$ (79,448)	$ (124,552)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (78,654)	$ (123,306)
Net loss allocated to other Partners		$    (794)	$   (1,246)

* Amounts include $(78,654) and $(123,306) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 27

		2018	2017
Revenues
	Rental	$   165,151	$   201,149
	Interest and other	3,247	2,811
		168,398	203,960
Expenses
	Interest	8,310	11,753
	Depreciation and amortization	44,462	60,321
	Operating expenses	137,679	164,799
		190,451	236,873
NET LOSS		$  (22,053)	$  (32,913)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (21,832)	$  (32,584)
Net loss allocated to other Partners		$     (221)	$     (329)

* Amounts include $(21,832) and $(32,584) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 28

		2018	2017
Revenues
	Rental	$    205,590	$    250,570
	Interest and other	11,285	6,318
		216,875	256,888
Expenses
	Interest	33,284	40,758
	Depreciation and amortization	45,881	56,444
	Operating expenses	170,438	195,958
		249,603	293,160
NET LOSS		$   (32,728)	$   (36,272)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (32,401)	$   (35,909)
Net loss allocated to other Partners		$      (327)	$      (363)

* Amounts include $(32,401) and $(35,909) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 29

		2018	2017
Revenues
	Rental	$    302,956	$    437,102
	Interest and other	12,746	42,050
		315,702	479,152
Expenses
	Interest	63,618	98,351
	Depreciation and amortization	66,659	123,879
	Operating expenses	252,989	388,803
		383,266	611,033
NET LOSS		$   (67,564)	$  (131,881)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (66,888)	$  (130,562)
Net loss allocated to other Partners		$      (676)	$    (1,319)

* Amounts include $(66,888) and $(130,562) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 30

		2018	2017
Revenues
	Rental	$   203,637	$   257,521
	Interest and other	5,858	6,320
		209,495	263,841
Expenses
	Interest	19,972	23,407
	Depreciation and amortization	48,004	72,625
	Operating expenses	169,158	202,203
		237,134	298,235
NET LOSS		$  (27,639)	$  (34,394)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (27,363)	$  (34,050)
Net loss allocated to other Partners		$     (276)	$     (344)

* Amounts include $(27,363) and $(34,050) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 31

		2018	2017
Revenues
	Rental	$    301,590	$    426,560
	Interest and other	10,945	12,249
		312,535	438,809
Expenses
	Interest	22,551	42,067
	Depreciation and amortization	108,367	143,308
	Operating expenses	296,847	378,566
		427,765	563,941
NET LOSS		$  (115,230)	$  (125,132)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (114,078)	$  (123,881)
Net loss allocated to other Partners		$    (1,152)	$    (1,251)

* Amounts include $(114,078) and $(123,881) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 32

		2018	2017
Revenues
	Rental	$    385,247	$    568,464
	Interest and other	5,736	17,896
		390,983	586,360
Expenses
	Interest	64,222	89,004
	Depreciation and amortization	109,582	167,867
	Operating expenses	320,647	440,872
		494,451	697,743
NET LOSS		$  (103,468)	$  (111,383)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (102,433)	$  (110,269)
Net loss allocated to other Partners		$    (1,035)	$    (1,114)

* Amounts include $(102,433) and $(110,269) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 33

		2018	2017
Revenues
	Rental	$   316,467	$   352,356
	Interest and other	11,510	12,747
		327,977	365,103
Expenses
	Interest	50,837	59,782
	Depreciation and amortization	69,767	89,646
	Operating expenses	232,835	269,458
		353,439	418,886
NET LOSS		$  (25,462)	$  (53,783)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (25,207)	$  (53,245)
Net loss allocated to other Partners		$     (255)	$     (538)

* Amounts include $(25,207) and $(53,245) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 34

		2018	2017
Revenues
	Rental	$   247,506	$   242,936
	Interest and other	12,600	8,753
		260,106	251,689
Expenses
	Interest	28,958	26,066
	Depreciation and amortization	68,548	68,907
	Operating expenses	185,490	188,617
		282,996	283,590
NET LOSS		$  (22,890)	$  (31,901)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (22,661)	$  (31,582)
Net loss allocated to other Partners		$     (229)	$     (319)

* Amounts include $(22,661) and $(31,582) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 35

		2018	2017
Revenues
	Rental	$   252,467	$   313,246
	Interest and other	14,152	9,606
		266,619	322,852
Expenses
	Interest	41,622	51,614
	Depreciation and amortization	80,578	92,481
	Operating expenses	151,889	185,357
		274,089	329,452
NET LOSS		$   (7,470)	$   (6,600)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (7,395)	$   (6,534)
Net loss allocated to other Partners		$      (75)	$      (66)

* Amounts include $(7,395) and $(6,534) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 36

		2018	2017
Revenues
	Rental	$   165,386	$   161,046
	Interest and other	4,998	4,589
		170,384	165,635
Expenses
	Interest	30,331	32,208
	Depreciation and amortization	42,255	42,278
	Operating expenses	120,885	124,116
		193,471	198,602
NET LOSS		$  (23,087)	$  (32,967)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (22,856)	$  (32,637)
Net loss allocated to other Partners		$     (231)	$     (330)

* Amounts include $(22,856) and $(32,637) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 37

		2018	2017
Revenues
	Rental	$   185,681	$   203,958
	Interest and other	19,036	20,176
		204,717	224,134
Expenses
	Interest	31,027	32,077
	Depreciation and amortization	57,825	69,701
	Operating expenses	133,661	158,294
		222,513	260,072
NET LOSS		$  (17,796)	$  (35,938)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (17,618)	$  (35,579)
Net loss allocated to other Partners		$     (178)	$     (359)

* Amounts include $(17,618) and $(35,579) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 38

		2018	2017
Revenues
	Rental	$   405,363	$   443,713
	Interest and other	8,187	5,418
		413,550	449,131
Expenses
	Interest	55,620	61,781
	Depreciation and amortization	77,757	93,157
	Operating expenses	282,404	320,254
		415,781	475,192
NET LOSS		$   (2,231)	$  (26,061)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (2,209)	$  (25,800)
Net loss allocated to other Partners		$      (22)	$     (261)

* Amounts include $(2,209) and $(25,800) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 39

		2018	2017
Revenues
	Rental	$         -	$    42,108
	Interest and other	-	-
		-	42,108
Expenses
	Interest	-	1,559
	Depreciation and amortization	-	7,273
	Operating expenses	-	36,625
		-	45,457
NET LOSS		$         -	$   (3,349)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (3,316)
Net loss allocated to other Partners		$         -	$      (33)

* Amounts include $- and $(3,316) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 40

		2018	2017
Revenues
	Rental	$   536,374	$   622,783
	Interest and other	14,697	14,318
		551,071	637,101
Expenses
	Interest	99,916	135,162
	Depreciation and amortization	149,818	177,693
	Operating expenses	427,291	490,299
		677,025	803,154
NET LOSS		$ (125,954)	$ (166,053)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (124,694)	$ (164,392)
Net loss allocated to other Partners		$   (1,260)	$   (1,661)

* Amounts include $(124,694) and $(164,392) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 41

		2018	2017
Revenues
	Rental	$   907,775	$ 1,349,185
	Interest and other	14,831	28,304
		922,606	1,377,489
Expenses
	Interest	170,013	284,800
	Depreciation and amortization	192,377	319,024
	Operating expenses	611,831	931,604
		974,221	1,535,428
NET LOSS		$  (51,615)	$ (157,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (51,099)	$ (156,360)
Net loss allocated to other Partners		$     (516)	$   (1,579)

* Amounts include $(51,099) and $(156,360) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 42

		2018	2017
Revenues
	Rental	$   641,667	$   911,872
	Interest and other	24,793	38,065
		666,460	949,937
Expenses
	Interest	129,560	197,800
	Depreciation and amortization	194,985	280,472
	Operating expenses	474,725	680,302
		799,270	1,158,574
NET LOSS		$ (132,810)	$ (208,637)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (131,482)	$ (206,551)
Net loss allocated to other Partners		$   (1,328)	$   (2,086)

* Amounts include $(131,482) and $(206,551) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 43

		2018	2017
Revenues
	Rental	$ 1,046,749	$ 1,309,676
	Interest and other	45,181	65,602
		1,091,930	1,375,278
Expenses
	Interest	128,333	205,990
	Depreciation and amortization	347,594	431,594
	Operating expenses	788,238	1,010,064
		1,264,165	1,647,648
NET LOSS		$ (172,235)	$ (272,370)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (170,513)	$ (269,646)
Net loss allocated to other Partners		$   (1,722)	$   (2,724)

* Amounts include $(170,513) and $(269,646) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 44

		2018	2017
Revenues
	Rental	$  1,490,507	$  1,465,870
	Interest and other	40,927	45,471
		1,531,434	1,511,341
Expenses
	Interest	347,788	350,607
	Depreciation and amortization	338,087	341,954
	Operating expenses	855,541	878,513
		1,541,416	1,571,074
NET LOSS		$    (9,982)	$   (59,733)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$    (9,882)	$   (59,136)
Net loss allocated to other Partners		$      (100)	$      (597)

* Amounts include $(9,882) and $(59,136) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 45

		2018	2017
Revenues
	Rental	$  1,772,558	$  1,810,088
	Interest and other	40,396	36,785
		1,812,954	1,846,873
Expenses
	Interest	227,709	242,578
	Depreciation and amortization	472,229	492,220
	Operating expenses	1,306,696	1,310,510
		2,006,634	2,045,308
NET LOSS		$  (193,680)	$  (198,435)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (191,743)	$  (196,451)
Net loss allocated to other Partners		$    (1,937)	$    (1,984)

* Amounts include $(191,743) and $(196,451) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 46

		2018	2017
Revenues
	Rental	$ 1,180,133	$ 1,154,956
	Interest and other	35,800	25,096
		1,215,933	1,180,052
Expenses
	Interest	234,954	235,971
	Depreciation and amortization	283,501	285,890
	Operating expenses	741,362	752,260
		1,259,817	1,274,121
NET LOSS		$  (43,884)	$  (94,069)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (43,445)	$  (93,128)
Net loss allocated to other Partners		$     (439)	$     (941)

* Amounts include $(43,445) and $(93,128) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018

(Unaudited)

NOTE E - TAXABLE LOSS

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

NOTE F - INCOME TAXES

The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund's federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open.

NOTE G - SUBSEQUENT EVENTS

Subsequent to June 30, 2018, the Fund has entered into an agreement to transfer the interest in one operating limited partnership. The estimated transfer price and other terms for the disposition of the operating limited partnership has been determined. The estimated proceeds to be received for the operating limited partnership is $42,000. The estimated gain on the transfer of the operating limited partnership is $39,500 and is expected to be recognized in the second quarter of fiscal year ending March 31, 2019.

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

This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements including our intentions, hopes, beliefs, expectations, strategies and predictions of our future activities, or other future events or conditions. These statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created by these acts. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including, for example, the factors identified in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended March 31, 2018. Although we believe that the assumptions underlying these forward-looking statements are reasonable, any of the assumptions could be inaccurate, and there can be no assurance that the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

Liquidity

The Fund's primary source of funds was the proceeds of its Public Offering.  Other sources of liquidity include (i) interest earned on capital contributions unpaid for the three months ended June 30, 2018 or on working capital reserves, (ii) cash distributions from operations of the Operating Partnerships in which the Fund has invested and (iii) proceeds received from the dispositions of the Operating Partnership that are returned to fund reserves.  These sources of liquidity, along with the Fund's working capital reserve, are available to meet the obligations of the Partnership.  The Fund does not anticipate significant cash distributions from operations of the Operating Partnerships.

The Fund is currently accruing the fund management fee.  Fund management fees accrued during the quarter ended June 30, 2018 were $517,499 and total fund management fees accrued as of June 30, 2018 were $26,870,886. During the three months ended June 30, 2018, $2,921,648 of the accrued fund management fees were paid. Pursuant to the Partnership Agreement, these liabilities will be deferred until the Fund receives proceeds from sales of the Operating Partnerships that will be used to satisfy these liabilities. The Fund's working capital and sources of liquidity coupled with affiliated party liability accruals allow sufficient levels of liquidity to meet the third party obligations of the Fund.  The Fund is currently unaware of any trends that would create insufficient liquidity to meet future third party obligations of the Fund.

Liquidity (continued)

As of June 30, 2018, an affiliate of the general partner of the Fund advanced a total of $222,511 to Series 44 to pay some operating expenses of the Fund, and to make advances and/or loans to Operating Partnerships. These advances are included in Accounts payable affiliates. During the three months ended June 30, 2018, $2,273 was advanced to Series 44 from an affiliate of the general partner. As of June 30, 2017 $220,455 and $54,659 was paid back from Series 39 and Series 45, respectively, to an affiliate of the general partner. All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Fund's interests in Operating Partnerships.

Capital Resources

The Fund offered BACs in the Public Offering declared effective by the Securities and Exchange Commission on December 16, 1993. The Fund received $38,667,000, $18,927,000, $25,644,000, $33,366,000, $21,697,000, $30,248,000, $39,959,000, $24,607,000, $39,999,000, $39,918,000, $26,490,750, $44,057,750, $47,431,000, $26,362,000, $35,273,000, $33,004,630, $21,068,375, $25,125,000, $25,431,000, $22,921,000, $26,629,250, $28,916,260, $27,442,620, $27,442,620, $36,379,870, $27,019,730, $40,143,670 and $29,809,980 representing 3,866,700, 1,892,700, 2,564,400, 3,336,727, 2,169,878, 3,026,109, 3,995,900, 2,460,700, 4,000,738, 3,991,800, 2,651,000, 4,417,857, 4,754,198, 2,636,533, 3,529,319, 3,300,463, 2,106,837, 2,512,500, 2,543,100, 2,292,152, 2,630,256, 2,891,626, 2,744,262, 3,637,987, 2,701,973, 4,014,367 and 2,980,998 BACs from investors admitted as BAC Holders in Series 20, Series 21, Series 22, Series 23, Series 24, Series 25, Series 26, Series 27, Series 28, Series 29, Series 30, Series 31, Series 32, Series 33, Series 34, Series 35, Series 36, Series 37, Series 38, Series 39, Series 40, Series 41, Series 42, Series 43, Series 44, Series 45 and Series 46, respectively, as of June 30, 2018.

Series 20

The Fund commenced offering BACs in Series 20 on January 21, 1994. Offers and sales of BACs in Series 20 were completed on June 24, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $27,693,970. Series 20 has since sold its interest in 23 of the Operating Partnerships and 1 remains.

Prior to the quarter ended June 30, 2018, Series 20 had released all payments of its capital contributions to the Operating Partnerships.

Series 21

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

Prior to the quarter ended June 30, 2018, Series 21 had released all payments of its capital contributions to the Operating Partnerships.

Series 22

The Fund commenced offering BACs in Series 22 on October 12, 1994. Offers and sales of BACs in Series 22 were completed on December 28, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 29 Operating Partnerships in the amount of $18,758,748. Series 22 has since sold its interest in 26 of the Operating Partnerships and 3 remain.

Prior to the quarter ended June 30, 2018, Series 22 had released all payments of its capital contributions to the Operating Partnerships.

Series 23

The Fund commenced offering BACs in Series 23 on January 10, 1995. Offers and sales of BACs in Series 23 were completed on June 23, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $24,352,278. Series 23 has since sold its interest in 19 of the Operating Partnerships and 3 remain.

Prior to the quarter ended June 30, 2018, Series 23 had released all payments of its capital contributions to the Operating Partnerships.

Series 24

The Fund commenced offering BACs in Series 24 on June 9, 1995. Offers and sales of BACs in Series 24 were completed on September 22, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $15,796,309. Series 24 has since sold its interest in 19 of the Operating Partnerships and 5 remain.

Prior to the quarter ended June 30, 2018, Series 24 had released all payments of its capital contributions to the Operating Partnerships.

Series 25

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

Prior to the quarter ended June 30, 2018, Series 25 had released all payments of its capital contributions to the Operating Partnerships.

Series 26

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

Prior to the quarter ended June 30, 2018, Series 26 had released all payments of its capital contributions to the Operating Partnerships.

Series 27

The Fund commenced offering BACs in Series 27 on June 17, 1996. Offers and sales of BACs in Series 27 were completed on September 27, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $17,881,574. Series 27 has since sold its interest in 13 of the Operating Partnerships and 3 remain.

Prior to the quarter ended June 30, 2018, Series 27 had released all payments of its capital contributions to the Operating Partnerships.

Series 28

The Fund commenced offering BACs in Series 28 on September 30, 1996. Offers and sales of BACs in Series 28 were completed on January 31, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 26 Operating Partnership in the amount of $29,281,983. Series 28 has since sold its interest in 22 of the Operating Partnerships and 4 remain.

Prior to the quarter ended June 30, 2018, Series 28 had released all payments of its capital contributions to the Operating Partnerships.

Series 29

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

During the quarter ended June 30, 2018, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable to 1 Operating Partnership in the amount of $785 as of June 30, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 30

The Fund commenced offering BACs in Series 30 on June 23, 1997. Offers and sales of BACs in Series 30 were completed on September 10, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 20 Operating Partnerships in the amount of $19,497,869. Series 30 has since disposed of its interest in 17 of the Operating Partnerships and 3 remain.

During the quarter ended June 30, 2018, Series 30 did not record any releases of capital contributions. Series 30 has outstanding contributions payable to 2 Operating Partnerships in the amount of $65,176 as of June 30, 2018. The remaining contributions will be released when Operating Partnerships have achieved the conditions set forth in their respective 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. Series 31 has since disposed of its interest in 20 of the Operating Partnerships and 7 remain.

During the quarter ended June 30, 2018, Series 31 did not record any releases of capital contributions. Series 31 has outstanding contributions payable to 3 Operating Partnerships in the amount of $66,294 as of June 30, 2018. Of the amount outstanding, $25,000 has been funded into an escrow account on behalf of one Operating Partnership. The escrowed funds will be converted to capital and the remaining contributions of $41,294 will be released when the Operating Partnerships have achieved the conditions set forth in their respective 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 17 Operating Partnerships in the amount of $34,129,677. Series 32 has since sold its interest in 12 of the Operating Partnerships and 5 remain. The series has also purchased membership interests in Bradley Phase I of Massachusetts LLC, Bradley Phase II of Massachusetts LLC, Byam Village of Massachusetts LLC, Hanover Towers of Massachusetts LLC, Harbor Towers of Massachusetts LLC and Maple Hill of Massachusetts LLC. In December 2010, the investment general partner sold its membership interests and a gain on the sale of the membership interests has been recorded in the amount of $499,998 as of December 31, 2010. Under the terms of these Assignments of Membership Interests dated December 1, 1998, the series is entitled to various profits, losses, tax credits, cash flow, proceeds from capital transactions and capital accounts as defined in the individual Operating Partnership Agreements. The series utilized $1,092,847 of funds available to invest in Operating Partnerships for this investment.

During the quarter ended June 30, 2018, Series 32 did not record any releases of capital contributions. Series 32 has outstanding contributions payable to 1 Operating Partnership in the amount of $1,229 as of June 30, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 33

The Fund commenced offering BACs in Series 33 on June 22, 1998. Offers and sales of BACs in Series 33 were completed on September 21, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $19,594,100. Series 33 has since sold its interest in 7 of the Operating Partnerships and 3 remain.

Prior to the quarter ended June 30, 2018, Series 33 had released all payments of its capital contributions to the Operating Partnerships.

Series 34

The Fund commenced offering BACs in Series 34 on September 22, 1998. Offers and sales of BACs in Series 34 were completed on February 11, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $25,738,978. Series 34 has since sold its interest in 10 of the Operating Partnerships and 4 remain.

Prior to the quarter ended June 30, 2018, Series 34 had released all payments of its capital contributions to the Operating Partnerships.

Series 35

The Fund commenced offering BACs in Series 35 on February 22, 1999. Offers and sales of BACs in Series 35 were completed on June 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $24,002,391. Series 35 has since sold its interest in 9 of the Operating Partnerships and 2 remain.

Prior to the quarter ended June 30, 2018, Series 35 had released all payments of its capital contributions to the Operating Partnerships.

Series 36

The Fund commenced offering BACs in Series 36 on June 22, 1999. Offers and sales of BACs in Series 36 were completed on September 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $15,277,041. Series 36 has since sold its interest in 8 of the Operating Partnerships and 3 remain.

Prior to the quarter ended June 30, 2018, Series 36 had released all payments of its capital contributions to the Operating Partnerships.

Series 37

The Fund commenced offering BACs in Series 37 on October 29, 1999. Offers and sales of BACs in Series 37 were completed on January 28, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 7 Operating Partnerships in the amount of $18,735,142. Series 37 has since sold its interest in 6 of the Operating Partnerships and 1 remains.

Prior to the quarter ended June 30, 2018, Series 37 had released all payments of its capital contributions to the Operating Partnerships.

Series 38

The Fund commenced offering BACs in Series 38 on February 1, 2000. Offers and sales of BACs in Series 38 were completed on July 31, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $18,612,287. Series 38 has since sold its interest in 7 of the Operating Partnerships and 3 remain. In addition, the Fund committed and used $420,296 of Series 38 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended June 30, 2018, Series 38 had released all payments of its capital contributions to the Operating Partnerships.

Series 39

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

Prior to the quarter ended June 30, 2018, Series 39 had released all payments of its capital contributions to the Operating Partnerships.

Series 40

The Fund commenced offering BACs in Series 40 on February 1, 2001. Offers and sales of BACs in Series 40 were completed on July 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $19,030,772. Series 40 has since sold its interest in 7 of the Operating Partnerships and 9 remain. In addition, the Fund committed and used $578,755 of Series 40 net offering proceeds to acquire a membership interest in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended June 30, 2018, Series 40 did not record any releases of capital contributions. Series 40 has outstanding contributions payable to 1 Operating Partnership in the amount of $102 as of June 30, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 41

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

Prior to the quarter ended June 30, 2018, Series 41 had released all payments of its capital contributions to the Operating Partnerships.

Series 42

The Fund commenced offering BACs in Series 42 on February 1, 2002. Offers and sales of BACs in Series 42 were completed on July 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $20,661,120. Series 42 has since sold its interest in 12 of the Operating Partnerships and 11 remain.

During the quarter ended June 30, 2018, Series 42 did not record any releases of capital contributions. Series 42 has outstanding contributions payable to 1 Operating Partnership in the amount of $254 as of June 30, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 43

The Fund commenced offering BACs in Series 43 on August 1, 2002. Offers and sales of BCAs in Series 43 were completed in June 30, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $26,326,543. Series 43 has since sold its interest in 7 of the Operating Partnerships and 16 remain. The Fund also committed and used $805,160 of Series 43 net offering proceeds to acquire membership interests in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes. In addition, the Fund committed and used $268,451 of Series 43 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended June 30, 2018, Series 43 did not record any releases of capital contributions. Series 43 has outstanding contributions payable to 1 Operating Partnerships in the amount of $26,082 as of June 30, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 44

The Fund commenced offering BACs in Series 44 on January 14, 2003. Offers and sales of BACs in Series 44 were completed in April 30, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $20,248,519. Series 44 has since sold its interest in 3 of the Operating Partnerships and 7 remain. In addition, the Fund committed and used $164,164 of Series 44 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended June 30, 2018, Series 44 had released all payments of its capital contributions to the Operating Partnerships.

Series 45

The Fund commenced offering BACs in Series 45 on July 1, 2003. Offers and sales of BACs in Series 45 were completed on September 16, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 31 Operating Partnerships in the amount of $30,232,512. Series 45 has since sold its interest in 6 of the Operating Partnerships and 25 remain. In addition, the Fund committed and used $302,862 of Series 45 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended June 30, 2018, Series 45 did not record any releases of capital contributions. Series 45 has outstanding contributions payable to 1 Operating Partnership in the amount of $16,724 as of June 30, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 46

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

Prior to the quarter ended June 30, 2018, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

Results of Operations

As of June 30, 2018 and 2017, the Fund held limited partnership interests in 156 and 205 Operating Partnerships, respectively. In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy." Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K. The general partner of the Fund believes that there is adequate casualty insurance on the properties.

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the three months ended June 30, 2018, are as follows:

	3 Months Gross Fund Management Fee	3 Months Asset Management and Reporting Fee	3 Months Fund Management Fee Net of Asset Management and Reporting Fee
Series 20	$  2,771	$    500	$  2,271
Series 21	-	-	-
Series 22	6,426	500	5,926
Series 23	5,556	3,606	1,950
Series 24	10,761	-	10,761
Series 25	-	-	-
Series 26	15,609	1,000	14,609
Series 27	7,635	-	7,635
Series 28	8,844	2,000	6,844
Series 29	15,093	-	15,093
Series 30	10,829	5,717	5,112
Series 31	19,092	1,500	17,592
Series 32	22,087	-	22,087
Series 33	13,318	-	13,318
Series 34	12,366	-	12,366
Series 35	10,653	-	10,653
Series 36	7,626	1,910	5,716
Series 37	10,184	8,018	2,166
Series 38	18,234	3,000	15,234
Series 39	-	-	-
Series 40	26,594	2,150	24,444
Series 41	38,704	14,920	23,784
Series 42	29,334	11,187	18,147
Series 43	45,635	17,552	28,083
Series 44	57,825	13,361	44,464
Series 45	70,024	12,507	57,517
Series 46	52,299	6,346	45,953
	$517,499	$105,774	$411,725

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 June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 1 property at June 30, 2018, which was at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 20 reflects a net loss from Operating Partnerships of $(7,632) and $(24,591), respectively, which includes depreciation and amortization of $14,208 and $36,093, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2017, the investment general partner transferred its interest in Fair Oaks Lane Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,279,482 and cash proceeds to the investment partnership of $44,000. Of the total proceeds received, $2,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,000 as of December 31, 2017.

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

Series 21

As of June 30, 2017, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of June 30, 2018.

For the three month periods ended June 30, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $(4,687), respectively, which includes depreciation and amortization of $- and $20,720, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2017, the investment general partner transferred its interest in Better Homes of Havelock Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,591,112 and cash proceeds to the investment partnership of $60,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $57,500 were returned to cash reserves held by Series 21. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $57,500 as of December 31, 2017.

In December 2017, the investment general partner transferred its interest in Liveoak Village Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $672,305 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,500 were returned to cash reserves held by Series 21. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,500 as of December 31, 2017.

Series 22

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 22 reflects a net loss from Operating Partnerships of $(15,320) and $(42,818), respectively, which includes depreciation and amortization of $27,270 and $27,089, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Series 23

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 23 reflects a net loss from Operating Partnerships of $(8,242) and $(5,351), respectively, which includes depreciation and amortization of $22,548 and $22,449, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In January 2017, the operating general partner of Sacramento SRO Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on April 21, 2017. The sales price of the property was $3,800,000, which included the outstanding mortgage balance of approximately $2,701,113 and cash proceeds to the investment partnership of $964,665. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $959,665 were returned to cash reserves held by Series 23. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $959,665 as of June 30, 2017. In October 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $30,297 which was returned to the cash reserves.

Series 24

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 24 reflects a net loss from Operating Partnerships of $(28,516) and $(38,262), respectively, which includes depreciation and amortization of $60,969 and $70,348, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In March 2018, the operating general partner of Woodland Associates Limited Partnership sold the property to an entity affiliated with the operating general partner. The sales price of the property was $1,295,876, which included the outstanding mortgage balance of approximately $1,038,276 and cash proceeds to the investment partnership of $100,000. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $95,000 will be returned to cash reserves held by Series 24. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $95,000 as of March 31, 2018.

Series 25

As of June 30, 2017, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of June 30, 2018.

For the three month periods ended June 30, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $(9,490), respectively, which includes depreciation and amortization of $- and $44,177, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2017, the investment general partner transferred its interest in Ethel Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $736,238 and cash proceeds to the investment partnership of $21,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,500 as of September 30, 2017.

In August 2017, the investment general partner transferred its interest in Horse Cave Family Apartments to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $753,559 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,500 as of September 30, 2017.

In September 2017, the investment general partner transferred its interest in Shannon Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,157,526 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of September 30, 2017.

In September 2017, the investment general partner transferred its interest in West Point Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $638,133 and cash proceeds to the investment partnership of $35,311. Of the total proceeds received, $1,412 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $33,899 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $33,899 as of September 30, 2017.

Series 26

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 26 reflects a net loss from Operating Partnerships of $(79,448) and $(124,552), respectively, which includes depreciation and amortization of $77,703 and $143,109, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2017, the investment general partner transferred its interest in Mason Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $849,683 and cash proceeds to the investment partnership of $18,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $16,500 as of September 30, 2017.

In September 2017, the investment general partner transferred its interest in Maxton Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $802,661 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of September 30, 2017.

In September 2017, the investment general partner transferred its interest in Meridian Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $651,291 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of September 30, 2017.

In September 2017, the investment general partner transferred its interest in Timmonsville Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $970,535 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of September 30, 2017.

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

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

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

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

Brookhaven Apartments Partnership, A LP

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

Warrensburg Heights L.P.

Series 27

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 27 reflects a net loss from Operating Partnerships of $(22,053) and $(32,913), respectively, which includes depreciation and amortization of $44,462 and $60,321, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In October 2016, the investment general partner transferred 50% of its interest in Canisteo Manor, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $438,188 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 27. The remaining 50% investment limited partner interest in the Operating Partnership was transferred in November 2017 for the assumption of approximately $438,188 of the remaining outstanding mortgage balance and nominal consideration. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership has been recorded.

In December 2016, the operating general partner of Wayne Housing Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on April 27, 2017. The sales price of the property was $12,800,000, which included the outstanding mortgage balance of approximately $5,844,046 and cash proceeds to the investment partnership of $3,291,567 which were returned to cash reserves held by Series 27. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $3,291,567 as of June 30, 2017.

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

Angelou Court

Series 28

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 28 reflects a net loss from Operating Partnerships of $(32,728) and $(36,272), respectively, which includes depreciation and amortization of $45,881 and $56,444, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

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

Maplewood Apartments Partnership, A LA Partnership

Series 29

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 29 reflects a net loss from Operating Partnerships of $(67,564) and $(131,881), respectively, which includes depreciation and amortization of $66,659 and $123,879, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2017, the operating general partner of Harbor Pointe/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,900,000, which included the outstanding mortgage balance of approximately $1,129,405 and cash proceeds to the investment partnerships of $300,283 and $108,265 for Series 29 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $3,675 and $1,325 for Series 29 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $296,608 and $106,940 for Series 29 and Series 33, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $296,608 and $106,940 for Series 29 and Series 33, respectively as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $7,350 and $2,650 for Series 29 and Series 33, respectively, was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

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

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

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

Westfield Apartments Partnership, A Louisiana Partnership

The Lincoln Hotel

Poplarville Housing Inc.

Series 30

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 30 reflects a net loss from Operating Partnerships of $(27,639) and $(34,394), respectively, which includes depreciation and amortization of $48,004 and $72,625, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In February 2017, the operating general partner of Linden Partners II, LLC entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on April 28, 2017. The sales price of the property was $1,125,000, which included the outstanding mortgage balance of approximately $681,507 and cash proceeds to the investment partnership of $192,168. Of the total proceeds received by the investment partnership, $40,738 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $3,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $148,430 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $148,430 as of June 30, 2017. In July 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $2,091 which was returned to the cash reserves.

In June 2017, the investment general partner transferred its interest in C.V.V.A. Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,432,770 and cash proceeds to the investment partnership of $78,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $75,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. The transfer proceeds were not received as of June 30, 2017, so a receivable in the amount of $75,500 was recorded. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $75,500 as of June 30, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $39,963 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of June 30, 2017.

In March 2018, the investment general partner transferred its interest in Bellwood Four Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $578,951 and cash proceeds to the investment partnership of $14,000. Of the total proceeds received, $3,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,500 as of March 31, 2018.

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

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

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

JMC Limited Liability Company

Series 31

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 7 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 31 reflects a net loss from Operating Partnerships of $(115,230) and $(125,132), respectively, which includes depreciation and amortization of $108,367 and $143,308, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2017, the investment general partner transferred its interest in Ellisville Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $508,068 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of September 30, 2017.

In September 2017, the investment general partner transferred its interest in Hattiesburg Housing, Inc. to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $773,195 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of September 30, 2017.

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

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

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

Canton Housing One, L.P.

Canton Housing Two, L.P.

Canton Housing Three, L.P.

Canton Housing Four, L.P.

Series 32

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at June 30, 2018, all of which were at 100% Qualified Occupancy

For the three month periods ended June 30, 2018 and 2017, Series 32 reflects a net loss from Operating Partnerships of $(103,468) and $(111,383), respectively, which includes depreciation and amortization of $109,582 and $167,867, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2016, the operating general partner of Cogic Village LDHA Limited Partnership entered into an agreement to sell the property to an unrelated third party buyer and the transaction closed on February 8, 2017. The sales price of the property was $3,275,000, which included the outstanding mortgage balance of approximately $1,991,521, and cash proceeds to the investment partnership of $522,652. Of the total proceeds received by the investment partnership, $2,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $520,652 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $520,652 as of March 31, 2017. In June 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $14,506 which was returned to the cash reserves.

In July 2017, the operating general partner of Courtside Housing Associates, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 12, 2017. The sales price of the property was $3,625,000, which included the outstanding mortgage balance of approximately $600,000 and cash proceeds to the investment partnership of $1,536,999. Of the total proceeds received by the investment partnership, $3,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,533,999 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,533,999 as of September 30, 2017.

In August 2015, the operating general partner of Pearl Partners, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on October 1, 2015. In December 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $128,747 which was returned to the cash reserves.

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

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

Pecan Manor Apartments

Parkside Plaza, LLP

Series 33

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 33 reflects a net loss from Operating Partnerships of $(25,462) and $(53,783), respectively, which includes depreciation and amortization of $69,767 and $89,646, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In October 2017, the investment general partner transferred their respective interests in Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $435,500 and cash proceeds to the investment partnerships of $1,583 and $3,295 for Series 33 and Series 37, respectively. Of the total proceeds received, $633 and $1,318 for Series 33 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $950 and $1,977 for Series 33 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $950 and $1,977 for Series 33 and Series 37, respectively, as of December 31, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $66,504 and $138,438 for Series 33 and Series 37, respectively, was recorded as gain on the transfer of the Operating Partnership as of December 31, 2017.

In November 2017, the operating general partner of Harbor Pointe/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,900,000, which included the outstanding mortgage balance of approximately $1,129,405 and cash proceeds to the investment partnerships of $300,283 and $108,265 for Series 29 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $3,675 and $1,325 for Series 29 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $296,608 and $106,940 for Series 29 and Series 33, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $296,608 and $106,940 for Series 29 and Series 33, respectively as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $7,350 and $2,650 for Series 29 and Series 33, respectively, was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

Series 34

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 34 reflects a net loss from Operating Partnerships of $(22,890) and $(31,901), respectively, which includes depreciation and amortization of $68,548 and $68,907, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

RHP 96-I, L.P.

Belmont Affordable Housing II, LP

Series 35

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 35 reflects a net loss from Operating Partnerships of $(7,470) and $(6,600), respectively, which includes depreciation and amortization of $80,578 and $92,481, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

September 2017, the investment general partner transferred its interest in Cypress Point Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,480,787 and cash proceeds to the investment partnership of $2,656,528. Of the total proceeds received, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,653,528 were returned to cash reserves held by Series 35. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $2,653,528 as of September 30, 2017.

Series 36

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 36 reflects a net loss from Operating Partnerships of $(23,087) and $(32,967), respectively, which includes depreciation and amortization of $42,255 and $42,278, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

Wingfield Apartments Limited Partnership

Ashton Ridge L.D.H.A., L.P.

Series 37

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 1 property at June 30, 2018, which was at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 37 reflects a net loss from Operating Partnerships of $(17,796) and $(35,938), respectively, which includes depreciation and amortization of $57,825 and $69,701, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In October 2017, the investment general partner transferred their respective interests in Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $435,500 and cash proceeds to the investment partnerships of $1,583 and $3,295 for Series 33 and Series 37, respectively. Of the total proceeds received, $633 and $1,318 for Series 33 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $950 and $1,977 for Series 33 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $950 and $1,977 for Series 33 and Series 37, respectively, as of December 31, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $66,504 and $138,438 for Series 33 and Series 37, respectively, was recorded as gain on the transfer of the Operating Partnership as of December 31, 2017.

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

Ashton Ridge L.D.H.A., L.P.

Series 38

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at June 30, 2018, all of which were at 100% qualified occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 38 reflects a net loss from Operating Partnerships of $(2,231) and $(26,061), respectively, which includes depreciation and amortization of $77,757 and $93,157, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

Series 39

As of June 30, 2017, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of June 30, 2018.

For the three month periods ended June 30, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $(3,349), respectively, which includes depreciation and amortization of $- and $7,273, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2017, the investment general partner transferred its interest in Timber Trails I Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $717,617 and cash proceeds to the investment partnership of $22,779. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,779 were returned to cash reserves held by Series 39. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,779 as of December 31, 2017.

Series 40

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at June 30, 2018, all of which at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 40 reflects a net loss from Operating Partnerships of $(125,954) and $(166,053), respectively, which includes depreciation and amortization of $149,818 and $177,693, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $588,952 and $719,829 for Series 40 and Series 41, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $588,952 and $719,829 for Series 40 and Series 41, respectively, as of September 30, 2017.

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

MA No 2 LLC

Center Place Apartments II Limited Partnership

Oakland Partnership

Series 41

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 41 reflects a net loss from Operating Partnerships of $(51,615) and $(157,939), respectively, which includes depreciation and amortization of $192,377 and $319,024, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $588,952 and $719,829 for Series 40 and Series 41, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $588,952 and $719,829 for Series 40 and Series 41, respectively, as of September 30, 2017.

In December 2017, the investment general partner transferred its interest in Bienville Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $677,463 and cash proceeds to the investment partnership of $18,179. Of the total proceeds received, $1,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,179 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,179 as of December 31, 2017.

In December 2017, the investment general partner transferred its interest in Red Hill Apartments I Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $753,606 and cash proceeds to the investment partnership of $46,879. Of the total proceeds received, $1,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $45,879 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $45,879 as of December 31, 2017.

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, as of March 31, 2018.

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

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

Cedar Grove Apartments Phase I

Series 42

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 42 reflects a net loss from Operating Partnerships of $(132,810) and $(208,637), respectively, which includes depreciation and amortization of $194,985 and $280,472, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

In November 2017, the investment general partner transferred their respective interests in Dorchester Court LDHA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,993,006 and cash proceeds to the investment partnerships of $230,000 and $230,000 for Series 42 and Series 43, respectively. Of the total proceeds received, $4,500 and $4,500 for Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $225,500 and $225,500 for Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

In December 2017, the investment general partner transferred its interest in Natchez Place Apartments II Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $726,453 and cash proceeds to the investment partnership of $37,779. Of the total proceeds received, $1,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $36,779 were returned to cash reserves held by Series 42. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $36,779 as of December 31, 2017.

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, as of March 31, 2018.

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

Wingfield Apartments Partnership II, LP

Series 43

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 16 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 43 reflects a net loss from Operating Partnerships of $(172,235) and $(272,370), respectively, which includes depreciation and amortization of $347,594 and $431,594, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

In November 2017, the investment general partner transferred their respective interests in Dorchester Court LDHA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,993,006 and cash proceeds to the investment partnerships of $230,000 and $230,000 for Series 42 and Series 43, respectively. Of the total proceeds received, $4,500 and $4,500 for Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $225,500 and $225,500 for Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, as of March 31, 2018.

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

Carpenter School I Elderly Apartments Limited

Parkside Plaza, LLP

Series 44

As of June 30, 2018 and 2017, the average Qualified Occupancy was 100%. The series had a total of 7 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 44 reflects a net loss from Operating Partnerships of $(9,982) and $(59,733), respectively, which includes depreciation and amortization of $338,087 and $341,954, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

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

Series 45

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 25 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 45 reflects a net loss from Operating Partnerships of $(193,680) and $(198,435), respectively, which includes depreciation and amortization of $472,229 and $492,220, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Jefferson Housing, LP (Jefferson House) is a 101-unit property located in Lynchburg, VA. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations in conjunction with the Virginia Housing Development Authority. As of June 30, 2018, the property is maintaining occupancy of 99%. Reporting delays remain a consistent issue. The operating general partner has an unlimited operating deficit guarantee. The low income housing tax credit compliance period expires on December 31, 2019.

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and continues to operate below breakeven due to high operating expenses. Water expenses continue to rise as a result of a significant rate increase implemented in 2016. Additionally, the property has ongoing sewage pump and sewer line issues. The operating general partner has obtained two estimates for sewer line repairs but plans to scope the line once more to evaluate the amount of work the lines require. Occupancy declined slightly in 2017, averaging 95% but has improved to an average of 97% in 2018. The investment general partner will continue to work with the operating general partner and the management company to improve operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021.

Reese I Limited Partnership (Reese Village Apartments) is a 40-unit property located in Emporia, VA. The property operated below breakeven in 2017 with 95% average occupancy. The property is aging and has required significant replacements and repairs for each unit turn, which was the leading cause of the below breakeven operations in 2017. Management also replaced the manager and maintenance staff for poor performance in 2017. The partnership recently met the maximum required Rural Development replacement reserve balance and starting in 2018, the annual deposit was reduced from $31,500 per year to $15,108 per year. This reduction is consistent with the requirement set forth by The Virginia Housing Development Authority. The Operating Partnership also received a $24 per unit per month rent increase for 2018, increasing annual potential rental income by $11,520. With a new on-site management team in place, more careful monitoring of expenses, and the increase in rents, the property operated above breakeven through the second quarter of 2018. As of June 30, 2018 the project was 95% occupied. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period will expire on December 31, 2019. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Reese I Limited Partnership subsequent to June 30, 2018.

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

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

Heritage Christian Home III, L.P.

Series 46

As of June 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at June 30, 2018, all of which were at 100% Qualified Occupancy.

For the three month periods ended June 30, 2018 and 2017, Series 46 reflects a net loss from Operating Partnerships of $(43,884) and $(94,069), respectively, which includes depreciation and amortization of $283,501 and $285,890, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Panola Housing Ltd. (Panola Apartments) is a 32-unit family property in Carthage, TX. The property operated slightly above breakeven through 2017. Occupancy remains strong through the second quarter of 2018 averaging 98%. Property operations continue to be affected by high operating expenses. Operations remain above breakeven in 2018. The investment general partner continues to work with the operating general partner and the management company to reduce expenses. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period expires on December 31, 2018.

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and continues to operate below breakeven due to high operating expenses. Water expenses continue to rise as a result of a significant rate increase implemented in 2016. Additionally, the property has ongoing sewage pump and sewer line issues. The operating general partner has obtained two estimates for sewer line repairs but plans to scope the line once more to evaluate the amount of work the lines require. Occupancy declined slightly in 2017, averaging 95% but has improved to an average of 97% in 2018. The investment general partner will continue to work with the operating general partner and the management company to improve operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021.

Linden-Shawnee Partners, Limited Partnership (Linden's Apartments) is a 54-unit family property in Shawnee, OK. Operations remain above breakeven through the second quarter of 2018, and total operating expenses are trending $8,000 higher than 2017 and will continue to monitor. The investment limited partner will continue to work with the operating general partner and management company to improve occupancy and overall operations. As of June 30, 2018, the property is maintaining occupancy of 93%. The operating general partner's operating deficit guarantee expires on December 31, 2020. The 15-year low income housing tax credit compliance period expires on December 31, 2020. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Linden-Shawnee Partners, Limited Partnership subsequent to June 30, 2018.

On November 22, 2016, the operating general partner of Agent Kensington Limited Partnership sold the property to an unrelated third party buyer. The sales price of the property was $6,625,000, which included the outstanding mortgage balance of approximately $4,023,594 and cash proceeds to the investment partnership of $398,183. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $393,183 were returned to cash reserves held by Series 46. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $393,183 as of December 31, 2016. In December 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $10,994 which was returned to the cash reserves.

Saint Martin Apartments, L.P. (Saint Martin Apartments) is a 40-unit family property in McComb, MS. The property operated below breakeven in 2017 mainly due to high operating expenses and a reduction in rental income resulting from a decrease in occupancy. Average occupancy for the year decreased to 78% from 84% in 2016. This was due to poor property management resulting in a management change at the site level. Through the second quarter of 2018 occupancy has improved, averaging 95%, but operations remain below breakeven. The investment limited partner will continue to work with the operating general partner on improving occupancy and will monitor operations. The 15-year low income housing tax credit compliance period for Saint Martin Apartments, L.P. expires on December 31, 2020.

Off Balance Sheet Arrangements

None.

Principal Accounting Policies and Estimates

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

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

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

The main reason an impairment loss typically occurs is that the annual operating losses, recorded in accordance with the equity method of accounting, of the investment in limited partnership does not reduce the balance as quickly as the annual use of the tax credits. In years prior to the year ended March 31, 2009, management included remaining tax credits as well as residual value in the calculated value of the underlying investments. However, management decided to take a more conservative approach to the investment calculation and determined that the majority of the residual value component of the valuation was zero for the years ended March 31, 2018 and 2017. However, it is important to note that this change in the accounting estimate to the calculation method of the impairment loss has no effect on the actual value or performance of the overall investment, nor does it have any effect on the remaining credits to be generated.

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

Principal Accounting Policies and Estimates - continued

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

Item 3Quantitative and Qualitative Disclosures About Market Risk
	Not Applicable

Item 4	Controls and Procedures
	(a)	Evaluation of Disclosure Controls and Procedures
		As of the end of the period covered by this report, the Fund's general partner, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of C&M Management Inc., carried out an evaluation of the effectiveness of the Fund's "disclosure controls and procedures" as defined under the Securities Exchange Act of 1934 Rules 13a-15 and 15d-15 with respect to each series individually, as well as the Fund as a whole. Based on that evaluation, the Fund's Principal Executive Officer and Principal Financial Officer have concluded that as of the end of the period covered by this report, the Fund's disclosure controls and procedures were effective to ensure that information relating to any series or the Fund as a whole required to be disclosed by it in the reports that it files or submits under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and (ii) is accumulated and communicated to the Fund's management, including the Fund's Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure with respect to each series individually, as well as the Fund as a whole.
	(b)	Changes in Internal Controls
		There were no changes in the Fund's internal control over financial reporting that occurred during the quarter ended June 30, 2018 that materially affected, or are reasonably likely to materially affect, the Fund's internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings
	None
Item 1A.	Risk Factors
	There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2018.
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
	None
Item 3.	Defaults Upon Senior Securities
	None
Item 4.	Mine Safety Disclosures
	Not Applicable
Item 5.	Other Information
	None
Item 6.	Exhibits
		4.1 The Third Amendment to Agreement of Limited Partnership of Boston Capital Tax Credit Fund IV L.P (Incorporated by reference from Registrant's current report on Form 8-K as filed with the Securities and Exchange Commission on May 8, 2018). ex4-1.htm 31.a Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 302
		31.b Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 302
		32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 906
		32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 906
		101. The following materials from the Boston Capital Tax Credit Fund IV L.P. Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2018 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herewith

SIGNATURES

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

	Boston Capital Tax Credit Fund IV L.P.
	By:	Boston Capital Associates IV L.P. General Partner
	By:	BCA Associates Limited Partnership General Partner
	By:	C&M Management, Inc. General Partner
Date: August 13, 2018		By:	/s/ John P. Manning John P. Manning

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

DATE:	SIGNATURE:	TITLE:
August 13, 2018	/s/ John P. Manning	Director, President (Principal Executive Officer), C&M Management, Inc.; Director, President (Principal Executive Officer) BCTC IV Assignor Corp.
	John P. Manning
August 13, 2018	/s/ Marc N. Teal Marc N. Teal	Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) C&M Management Inc.; Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) BCTC IV Assignor Corp.

EX-31

Exhibit 31.a

I, John P. Manning, certify that:

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

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

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

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

Date: August 13, 2018	/s/ John P. Manning
	John P. Manning
	Principal Executive Officer

EX-31

Exhibit 31.b

I, Marc Teal, certify that:

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

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

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

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

Date: August 13, 2018	/s/ Marc N. Teal
	Marc N. Teal Principal Financial Officer

EX-32

EXHIBIT 32.a

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

In connection with the Quarterly Report of Boston Capital Tax Credit Fund IV L.P. (the "Fund") on Form 10-Q for the period ended June 30, 2018 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, John P. Manning, Principal Executive Officer of the general partner of the general partner of the Fund's general partner, C&M Management Inc., certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge, after due inquiry:

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

Date:
August 13, 2018	/s/ John P. Manning
	John P. Manning
	Principal Executive Officer

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

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

EX-32

EXHIBIT 32.b

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

In connection with the Quarterly Report of Boston Capital Tax Credit Fund IV L.P. (the "Fund") on Form 10-Q for the period ended June 30, 2018 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Marc N. Teal, Principal Financial Officer of the general partner of the general partner of the Fund's general partner, C&M Management Inc., certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge, after due inquiry:

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

Date:
August 13, 2018	/s/ Marc N. Teal
	Marc. N. Teal
	Principal Financial Officer

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

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

XML

Document And Entity Information	3 Months Ended
	Jun. 30, 2018 shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	BOSTON CAPITAL TAX CREDIT FUND IV LP
Entity Central Index Key	0000913778
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	0

XML

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2018	Mar. 31, 2018
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	$ 0	$ 0
OTHER ASSETS
Cash and cash equivalents	25,426,773	27,208,717
Other assets	40,088	40,088
ASSETS	25,466,861	27,248,805
LIABILITIES
Accounts payable and accrued expenses	712,173	654,673
Accounts payable affiliates (Note C)	27,093,397	29,495,273
Capital contributions payable	176,646	176,746
LIABILITIES	27,982,216	30,326,692
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	3,487,941	2,931,035
General Partner	(6,003,296)	(6,008,922)
PARTNERS' CAPITAL (DEFICIT)	(2,515,355)	(3,077,887)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	25,466,861	27,248,805
Series Twenty [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	246,325	241,987
Other assets	0	0
ASSETS	246,325	241,987
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	1,309,494	1,444,723
Capital contributions payable	0	0
LIABILITIES	1,309,494	1,444,723
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(744,285)	(882,456)
General Partner	(318,884)	(320,280)
PARTNERS' CAPITAL (DEFICIT)	(1,063,169)	(1,202,736)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	246,325	241,987
Series Twenty One [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(898,231)	(898,231)
General Partner	898,231	898,231
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty Two [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	210,051	221,864
Other assets	0	0
ASSETS	210,051	221,864
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,884,535	2,878,109
Capital contributions payable	0	0
LIABILITIES	2,884,535	2,878,109
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(2,428,656)	(2,410,599)
General Partner	(245,828)	(245,646)
PARTNERS' CAPITAL (DEFICIT)	(2,674,484)	(2,656,245)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	210,051	221,864
Series Twenty Three [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	237,867	446,136
Other assets	0	0
ASSETS	237,867	446,136
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	738,943	933,387
Capital contributions payable	0	0
LIABILITIES	738,943	933,387
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(211,219)	(197,532)
General Partner	(289,857)	(289,719)
PARTNERS' CAPITAL (DEFICIT)	(501,076)	(487,251)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	237,867	446,136
Series Twenty Four [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	423,184	453,512
Other assets	0	0
ASSETS	423,184	453,512
LIABILITIES
Accounts payable and accrued expenses	0	5,000
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	5,000
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	598,204	623,279
General Partner	(175,020)	(174,767)
PARTNERS' CAPITAL (DEFICIT)	423,184	448,512
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	423,184	453,512
Series Twenty Five [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	219,815	219,815
General Partner	(219,815)	(219,815)
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Twenty Six [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	620,521	642,258
Other assets	0	0
ASSETS	620,521	642,258
LIABILITIES
Accounts payable and accrued expenses	3,500	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	3,500	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	929,193	954,178
General Partner	(312,172)	(311,920)
PARTNERS' CAPITAL (DEFICIT)	617,021	642,258
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	620,521	642,258
Series Twenty Seven [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	6,789,575	6,799,933
Other assets	0	0
ASSETS	6,789,575	6,799,933
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	6,928,127	6,938,381
General Partner	(138,552)	(138,448)
PARTNERS' CAPITAL (DEFICIT)	6,789,575	6,799,933
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	6,789,575	6,799,933
Series Twenty Eight [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	734,504	742,564
Other assets	0	0
ASSETS	734,504	742,564
LIABILITIES
Accounts payable and accrued expenses	3,500	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	3,500	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	1,005,531	1,016,975
General Partner	(274,527)	(274,411)
PARTNERS' CAPITAL (DEFICIT)	731,004	742,564
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	734,504	742,564
Series Twenty Nine [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	443,270	622,414
Other assets	0	0
ASSETS	443,270	622,414
LIABILITIES
Accounts payable and accrued expenses	10,500	0
Accounts payable affiliates (Note C)	3,278,047	3,559,561
Capital contributions payable	785	885
LIABILITIES	3,289,332	3,560,446
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(2,478,954)	(2,570,004)
General Partner	(367,108)	(368,028)
PARTNERS' CAPITAL (DEFICIT)	(2,846,062)	(2,938,032)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	443,270	622,414
Series Thirty [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	317,818	453,433
Other assets	0	0
ASSETS	317,818	453,433
LIABILITIES
Accounts payable and accrued expenses	14,000	3,500
Accounts payable affiliates (Note C)	1,470,765	1,620,957
Capital contributions payable	65,176	65,176
LIABILITIES	1,549,941	1,689,633
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(992,746)	(996,782)
General Partner	(239,377)	(239,418)
PARTNERS' CAPITAL (DEFICIT)	(1,232,123)	(1,236,200)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	317,818	453,433
Series Thirty One [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,950,407	1,971,680
Other assets	25,000	25,000
ASSETS	1,975,407	1,996,680
LIABILITIES
Accounts payable and accrued expenses	3,500	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	66,294	66,294
LIABILITIES	69,794	66,294
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	2,265,816	2,290,341
General Partner	(360,203)	(359,955)
PARTNERS' CAPITAL (DEFICIT)	1,905,613	1,930,386
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,975,407	1,996,680
Series Thirty Two [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	352,267	563,697
Other assets	0	0
ASSETS	352,267	563,697
LIABILITIES
Accounts payable and accrued expenses	5,000	0
Accounts payable affiliates (Note C)	259,143	924,936
Capital contributions payable	1,229	1,229
LIABILITIES	265,372	926,165
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	492,389	47,520
General Partner	(405,494)	(409,988)
PARTNERS' CAPITAL (DEFICIT)	86,895	(362,468)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	352,267	563,697
Series Thirty Three [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	330,989	452,033
Other assets	0	0
ASSETS	330,989	452,033
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	1,159,333	1,252,955
Capital contributions payable	0	0
LIABILITIES	1,159,333	1,252,955
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(594,281)	(567,133)
General Partner	(234,063)	(233,789)
PARTNERS' CAPITAL (DEFICIT)	(828,344)	(800,922)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	330,989	452,033
Series Thirty Four [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	281,844	394,837
Other assets	0	0
ASSETS	281,844	394,837
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,752,734	2,840,368
Capital contributions payable	0	0
LIABILITIES	2,752,734	2,840,368
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(2,145,791)	(2,120,686)
General Partner	(325,099)	(324,845)
PARTNERS' CAPITAL (DEFICIT)	(2,470,890)	(2,445,531)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	281,844	394,837
Series Thirty Five [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	4,411,736	4,428,306
Other assets	0	0
ASSETS	4,411,736	4,428,306
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	4,649,644	4,666,048
General Partner	(237,908)	(237,742)
PARTNERS' CAPITAL (DEFICIT)	4,411,736	4,428,306
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	4,411,736	4,428,306
Series Thirty Six [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	2,062,524	2,106,050
Other assets	0	0
ASSETS	2,062,524	2,106,050
LIABILITIES
Accounts payable and accrued expenses	131,000	131,000
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	131,000	131,000
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	2,090,872	2,133,963
General Partner	(159,348)	(158,913)
PARTNERS' CAPITAL (DEFICIT)	1,931,524	1,975,050
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	2,062,524	2,106,050
Series Thirty Seven [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	335,629	517,887
Other assets	0	0
ASSETS	335,629	517,887
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	323,333	513,149
Capital contributions payable	0	0
LIABILITIES	323,333	513,149
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	227,737	220,255
General Partner	(215,441)	(215,517)
PARTNERS' CAPITAL (DEFICIT)	12,296	4,738
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	335,629	517,887
Series Thirty Eight [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,484,524	1,492,145
Other assets	0	0
ASSETS	1,484,524	1,492,145
LIABILITIES
Accounts payable and accrued expenses	3,500	0
Accounts payable affiliates (Note C)	0	18,234
Capital contributions payable	0	0
LIABILITIES	3,500	18,234
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	1,684,498	1,677,456
General Partner	(203,474)	(203,545)
PARTNERS' CAPITAL (DEFICIT)	1,481,024	1,473,911
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,484,524	1,492,145
Series Thirty Nine [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	0	0
LIABILITIES	0	0
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	196,043	196,043
General Partner	(196,043)	(196,043)
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series Forty [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	266,196	431,341
Other assets	0	0
ASSETS	266,196	431,341
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,289,663	2,413,069
Capital contributions payable	102	102
LIABILITIES	2,289,765	2,413,171
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(1,778,390)	(1,737,068)
General Partner	(245,179)	(244,762)
PARTNERS' CAPITAL (DEFICIT)	(2,023,569)	(1,981,830)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	266,196	431,341
Series Forty One [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	402,614	741,152
Other assets	0	0
ASSETS	402,614	741,152
LIABILITIES
Accounts payable and accrued expenses	9,000	0
Accounts payable affiliates (Note C)	2,538,438	2,893,606
Capital contributions payable	0	0
LIABILITIES	2,547,438	2,893,606
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(1,874,207)	(1,881,761)
General Partner	(270,617)	(270,693)
PARTNERS' CAPITAL (DEFICIT)	(2,144,824)	(2,152,454)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	402,614	741,152
Series Forty Two [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,295,554	1,327,017
Other assets	11,300	11,300
ASSETS	1,306,854	1,338,317
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	0	0
Capital contributions payable	254	254
LIABILITIES	254	254
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	1,534,472	1,565,620
General Partner	(227,872)	(227,557)
PARTNERS' CAPITAL (DEFICIT)	1,306,600	1,338,063
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,306,854	1,338,317
Series Forty Three [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	572,013	854,364
Other assets	0	0
ASSETS	572,013	854,364
LIABILITIES
Accounts payable and accrued expenses	6,000	0
Accounts payable affiliates (Note C)	619,920	915,591
Capital contributions payable	26,082	26,082
LIABILITIES	652,002	941,673
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	242,332	235,085
General Partner	(322,321)	(322,394)
PARTNERS' CAPITAL (DEFICIT)	(79,989)	(87,309)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	572,013	854,364
Series Forty Four [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	84,245	84,006
Other assets	0	0
ASSETS	84,245	84,006
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	2,890,225	2,830,127
Capital contributions payable	0	0
LIABILITIES	2,890,225	2,830,127
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(2,540,472)	(2,481,212)
General Partner	(265,508)	(264,909)
PARTNERS' CAPITAL (DEFICIT)	(2,805,980)	(2,746,121)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	84,245	84,006
Series Forty Five [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	1,109,867	753,702
Other assets	0	0
ASSETS	1,109,867	753,702
LIABILITIES
Accounts payable and accrued expenses	522,673	515,173
Accounts payable affiliates (Note C)	2,654,535	2,584,511
Capital contributions payable	16,724	16,724
LIABILITIES	3,193,932	3,116,408
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(1,709,562)	(1,985,417)
General Partner	(374,503)	(377,289)
PARTNERS' CAPITAL (DEFICIT)	(2,084,065)	(2,362,706)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	1,109,867	753,702
Series Forty Six [Member]
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS	0	0
OTHER ASSETS
Cash and cash equivalents	463,249	466,399
Other assets	3,788	3,788
ASSETS	467,037	470,187
LIABILITIES
Accounts payable and accrued expenses	0	0
Accounts payable affiliates (Note C)	1,924,289	1,871,990
Capital contributions payable	0	0
LIABILITIES	1,924,289	1,871,990
PARTNERS’ CAPITAL (DEFICIT)
Assignees limited partner	(1,179,938)	(1,125,043)
General Partner	(277,314)	(276,760)
PARTNERS' CAPITAL (DEFICIT)	(1,457,252)	(1,401,803)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	$ 467,037	$ 470,187

XML

CONDENSED BALANCE SHEETS [Parenthetical] - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	83,651,080	83,651,080
Units of limited partnership interest, outstanding	83,175,478	83,175,478
Series Twenty [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,866,700	3,866,700
Units of limited partnership interest, outstanding	3,829,200	3,829,200
Series Twenty One [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	1,892,700	1,892,700
Units of limited partnership interest, outstanding	1,879,500	1,879,500
Series Twenty Two [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,564,400	2,564,400
Units of limited partnership interest, outstanding	2,550,645	2,550,645
Series Twenty Three [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,336,727	3,336,727
Units of limited partnership interest, outstanding	3,303,327	3,303,327
Series Twenty Four [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,169,878	2,169,878
Units of limited partnership interest, outstanding	2,152,753	2,152,753
Series Twenty Five [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,026,109	3,026,109
Units of limited partnership interest, outstanding	3,016,809	3,016,809
Series Twenty Six [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,995,900	3,995,900
Units of limited partnership interest, outstanding	3,965,400	3,965,400
Series Twenty Seven [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,460,700	2,460,700
Units of limited partnership interest, outstanding	2,443,900	2,443,900
Series Twenty Eight [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	4,000,738	4,000,738
Units of limited partnership interest, outstanding	3,984,138	3,984,138
Series Twenty Nine [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,991,800	3,991,800
Units of limited partnership interest, outstanding	3,955,225	3,955,225
Series Thirty [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,651,000	2,651,000
Units of limited partnership interest, outstanding	2,621,200	2,621,200
Series Thirty One [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	4,417,857	4,417,857
Units of limited partnership interest, outstanding	4,382,757	4,382,757
Series Thirty Two [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	4,754,198	4,754,198
Units of limited partnership interest, outstanding	4,736,198	4,736,198
Series Thirty Three [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,636,533	2,636,533
Units of limited partnership interest, outstanding	2,626,533	2,626,533
Series Thirty Four [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,529,319	3,529,319
Units of limited partnership interest, outstanding	3,509,919	3,509,919
Series Thirty Five [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,300,463	3,300,463
Units of limited partnership interest, outstanding	3,279,913	3,279,913
Series Thirty Six [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,106,838	2,106,838
Units of limited partnership interest, outstanding	2,092,704	2,092,704
Series Thirty Seven [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,512,500	2,512,500
Units of limited partnership interest, outstanding	2,489,100	2,489,100
Series Thirty Eight [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,543,100	2,543,100
Units of limited partnership interest, outstanding	2,538,700	2,538,700
Series Thirty Nine [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,292,151	2,292,151
Units of limited partnership interest, outstanding	2,288,351	2,288,351
Series Forty [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,630,256	2,630,256
Units of limited partnership interest, outstanding	2,621,756	2,621,756
Series Forty One [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,891,626	2,891,626
Units of limited partnership interest, outstanding	2,874,926	2,874,926
Series Forty Two [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,744,262	2,744,262
Units of limited partnership interest, outstanding	2,732,262	2,732,262
Series Forty Three [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	3,637,987	3,637,987
Units of limited partnership interest, outstanding	3,629,487	3,629,487
Series Forty Four [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,701,973	2,701,973
Units of limited partnership interest, outstanding	2,693,973	2,693,973
Series Forty Five [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	4,014,367	4,014,367
Units of limited partnership interest, outstanding	4,008,167	4,008,167
Series Forty Six [Member]
Units of limited partnership interest, authorized	101,500,000	101,500,000
Beneficial assignee certificate, par value (in dollars per share)	$ 10	$ 10
Units of limited partnership interest, issued	2,980,998	2,980,998
Units of limited partnership interest, outstanding	2,968,635	2,968,635

XML

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Income
Interest income	$ 50,858	$ 13,934
Other income	186,487	87,713
Revenues	237,345	101,647
Share of income from Operating Partnerships (Note D)	1,189,317	4,529,631
Expenses
Professional fees	368,127	129,367
Fund management fee, net (Note C)	411,725	520,374
General and administrative expenses	84,278	107,022
Operating expenses	864,130	756,763
NET INCOME (LOSS)	562,532	3,874,515
Net income (loss) allocated to assignees	556,906	3,835,770
Net income (loss) allocated to general partner	$ 5,626	$ 38,745
Net income (loss) per BAC	$ 0.01	$ 0.05
Series Twenty [Member]
Income
Interest income	$ 587	$ 35
Other income	0	0
Revenues	587	35
Share of income from Operating Partnerships (Note D)	155,337	0
Expenses
Professional fees	10,105	2,980
Fund management fee, net (Note C)	2,271	3,718
General and administrative expenses	3,981	4,238
Operating expenses	16,357	10,936
NET INCOME (LOSS)	139,567	(10,901)
Net income (loss) allocated to assignees	138,171	(10,792)
Net income (loss) allocated to general partner	$ 1,396	$ (109)
Net income (loss) per BAC	$ 0.04	$ (0.00)
Series Twenty One [Member]
Income
Interest income	$ 0	$ 29
Other income	0	0
Revenues	0	29
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	0	2,630
Fund management fee, net (Note C)	0	2,256
General and administrative expenses	0	3,506
Operating expenses	0	8,392
NET INCOME (LOSS)	0	(8,363)
Net income (loss) allocated to assignees	0	(8,279)
Net income (loss) allocated to general partner	$ 0	$ (84)
Net income (loss) per BAC	$ 0	$ (0.00)
Series Twenty Two [Member]
Income
Interest income	$ 532	$ 84
Other income	0	0
Revenues	532	84
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	9,480	2,980
Fund management fee, net (Note C)	5,926	6,803
General and administrative expenses	3,365	3,832
Operating expenses	18,771	13,615
NET INCOME (LOSS)	(18,239)	(13,531)
Net income (loss) allocated to assignees	(18,057)	(13,396)
Net income (loss) allocated to general partner	$ (182)	$ (135)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Twenty Three [Member]
Income
Interest income	$ 923	$ 866
Other income	1,977	1,977
Revenues	2,900	2,843
Share of income from Operating Partnerships (Note D)	0	959,665
Expenses
Professional fees	10,915	3,755
Fund management fee, net (Note C)	1,950	3,806
General and administrative expenses	3,860	4,137
Operating expenses	16,725	11,698
NET INCOME (LOSS)	(13,825)	950,810
Net income (loss) allocated to assignees	(13,687)	941,302
Net income (loss) allocated to general partner	$ (138)	$ 9,508
Net income (loss) per BAC	$ (0.00)	$ 0.28
Series Twenty Four [Member]
Income
Interest income	$ 593	$ 82
Other income	0	0
Revenues	593	82
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	11,995	3,325
Fund management fee, net (Note C)	10,761	11,421
General and administrative expenses	3,165	3,784
Operating expenses	25,921	18,530
NET INCOME (LOSS)	(25,328)	(18,448)
Net income (loss) allocated to assignees	(25,075)	(18,264)
Net income (loss) allocated to general partner	$ (253)	$ (184)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Twenty Five [Member]
Income
Interest income	$ 0	$ 71
Other income	0	0
Revenues	0	71
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	0	2,980
Fund management fee, net (Note C)	0	5,934
General and administrative expenses	0	4,043
Operating expenses	0	12,957
NET INCOME (LOSS)	0	(12,886)
Net income (loss) allocated to assignees	0	(12,757)
Net income (loss) allocated to general partner	$ 0	$ (129)
Net income (loss) per BAC	$ 0	$ (0.00)
Series Twenty Six [Member]
Income
Interest income	$ 924	$ 136
Other income	420	420
Revenues	1,344	556
Share of income from Operating Partnerships (Note D)	10,500	0
Expenses
Professional fees	18,280	4,725
Fund management fee, net (Note C)	14,609	21,545
General and administrative expenses	4,192	4,513
Operating expenses	37,081	30,783
NET INCOME (LOSS)	(25,237)	(30,227)
Net income (loss) allocated to assignees	(24,985)	(29,925)
Net income (loss) allocated to general partner	$ (252)	$ (302)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Twenty Seven [Member]
Income
Interest income	$ 12,472	$ 4,338
Other income	0	0
Revenues	12,472	4,338
Share of income from Operating Partnerships (Note D)	0	3,291,567
Expenses
Professional fees	11,990	17,770
Fund management fee, net (Note C)	7,635	14,968
General and administrative expenses	3,205	3,832
Operating expenses	22,830	36,570
NET INCOME (LOSS)	(10,358)	3,259,335
Net income (loss) allocated to assignees	(10,254)	3,226,742
Net income (loss) allocated to general partner	$ (104)	$ 32,593
Net income (loss) per BAC	$ (0.00)	$ 1.32
Series Twenty Eight [Member]
Income
Interest income	$ 930	$ 148
Other income	446	446
Revenues	1,376	594
Share of income from Operating Partnerships (Note D)	8,500	0
Expenses
Professional fees	10,740	4,025
Fund management fee, net (Note C)	6,844	6,844
General and administrative expenses	3,852	4,283
Operating expenses	21,436	15,152
NET INCOME (LOSS)	(11,560)	(14,558)
Net income (loss) allocated to assignees	(11,444)	(14,412)
Net income (loss) allocated to general partner	$ (116)	$ (146)
Net income (loss) per BAC	$ (0.00)	$ (0.00)
Series Twenty Nine [Member]
Income
Interest income	$ 1,245	$ 92
Other income	0	0
Revenues	1,245	92
Share of income from Operating Partnerships (Note D)	123,094	0
Expenses
Professional fees	13,255	3,675
Fund management fee, net (Note C)	15,093	20,546
General and administrative expenses	4,021	4,351
Operating expenses	32,369	28,572
NET INCOME (LOSS)	91,970	(28,480)
Net income (loss) allocated to assignees	91,050	(28,195)
Net income (loss) allocated to general partner	$ 920	$ (285)
Net income (loss) per BAC	$ 0.02	$ (0.01)
Series Thirty [Member]
Income
Interest income	$ 799	$ 57
Other income	2,049	1,243
Revenues	2,848	1,300
Share of income from Operating Partnerships (Note D)	24,006	263,893
Expenses
Professional fees	14,505	3,675
Fund management fee, net (Note C)	5,112	(31,900)
General and administrative expenses	3,160	3,764
Operating expenses	22,777	(24,461)
NET INCOME (LOSS)	4,077	289,654
Net income (loss) allocated to assignees	4,036	286,757
Net income (loss) allocated to general partner	$ 41	$ 2,897
Net income (loss) per BAC	$ 0.00	$ 0.11
Series Thirty One [Member]
Income
Interest income	$ 3,970	$ 1,017
Other income	476	476
Revenues	4,446	1,493
Share of income from Operating Partnerships (Note D)	7,500	0
Expenses
Professional fees	15,140	5,425
Fund management fee, net (Note C)	17,592	20,199
General and administrative expenses	3,987	4,285
Operating expenses	36,719	29,909
NET INCOME (LOSS)	(24,773)	(28,416)
Net income (loss) allocated to assignees	(24,525)	(28,132)
Net income (loss) allocated to general partner	$ (248)	$ (284)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Thirty Two [Member]
Income
Interest income	$ 1,270	$ 323
Other income	0	0
Revenues	1,270	323
Share of income from Operating Partnerships (Note D)	487,880	14,506
Expenses
Professional fees	13,637	4,025
Fund management fee, net (Note C)	22,087	19,870
General and administrative expenses	4,063	4,391
Operating expenses	39,787	28,286
NET INCOME (LOSS)	449,363	(13,457)
Net income (loss) allocated to assignees	444,869	(13,322)
Net income (loss) allocated to general partner	$ 4,494	$ (135)
Net income (loss) per BAC	$ 0.09	$ (0.00)
Series Thirty Three [Member]
Income
Interest income	$ 942	$ 91
Other income	0	0
Revenues	942	91
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	11,990	3,150
Fund management fee, net (Note C)	13,318	9,898
General and administrative expenses	3,056	3,692
Operating expenses	28,364	16,740
NET INCOME (LOSS)	(27,422)	(16,649)
Net income (loss) allocated to assignees	(27,148)	(16,483)
Net income (loss) allocated to general partner	$ (274)	$ (166)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Thirty Four [Member]
Income
Interest income	$ 593	$ 339
Other income	0	0
Revenues	593	339
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	10,110	3,675
Fund management fee, net (Note C)	12,366	12,366
General and administrative expenses	3,476	3,993
Operating expenses	25,952	20,034
NET INCOME (LOSS)	(25,359)	(19,695)
Net income (loss) allocated to assignees	(25,105)	(19,498)
Net income (loss) allocated to general partner	$ (254)	$ (197)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Thirty Five [Member]
Income
Interest income	$ 7,811	$ 1,454
Other income	0	0
Revenues	7,811	1,454
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	10,285	3,500
Fund management fee, net (Note C)	10,653	17,481
General and administrative expenses	3,443	3,977
Operating expenses	24,381	24,958
NET INCOME (LOSS)	(16,570)	(23,504)
Net income (loss) allocated to assignees	(16,404)	(23,269)
Net income (loss) allocated to general partner	$ (166)	$ (235)
Net income (loss) per BAC	$ (0.01)	$ (0.01)
Series Thirty Six [Member]
Income
Interest income	$ 4,438	$ 1,405
Other income	5,119	2,674
Revenues	9,557	4,079
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	44,542	3,675
Fund management fee, net (Note C)	5,716	5,716
General and administrative expenses	2,825	3,570
Operating expenses	53,083	12,961
NET INCOME (LOSS)	(43,526)	(8,882)
Net income (loss) allocated to assignees	(43,091)	(8,793)
Net income (loss) allocated to general partner	$ (435)	$ (89)
Net income (loss) per BAC	$ (0.02)	$ (0.00)
Series Thirty Seven [Member]
Income
Interest income	$ 810	$ 1,161
Other income	21,485	11,225
Revenues	22,295	12,386
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	9,655	3,325
Fund management fee, net (Note C)	2,166	4,483
General and administrative expenses	2,916	3,631
Operating expenses	14,737	11,439
NET INCOME (LOSS)	7,558	947
Net income (loss) allocated to assignees	7,482	938
Net income (loss) allocated to general partner	$ 76	$ 9
Net income (loss) per BAC	$ 0.00	$ 0.00
Series Thirty Eight [Member]
Income
Interest income	$ 2,836	$ 735
Other income	26,000	386
Revenues	28,836	1,121
Share of income from Operating Partnerships (Note D)	7,000	0
Expenses
Professional fees	10,470	4,025
Fund management fee, net (Note C)	15,234	18,234
General and administrative expenses	3,019	3,692
Operating expenses	28,723	25,951
NET INCOME (LOSS)	7,113	(24,830)
Net income (loss) allocated to assignees	7,042	(24,582)
Net income (loss) allocated to general partner	$ 71	$ (248)
Net income (loss) per BAC	$ 0.00	$ (0.01)
Series Thirty Nine [Member]
Income
Interest income	$ 0	$ 247
Other income	0	386
Revenues	0	633
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	0	3,675
Fund management fee, net (Note C)	0	1,709
General and administrative expenses	0	3,560
Operating expenses	0	8,944
NET INCOME (LOSS)	0	(8,311)
Net income (loss) allocated to assignees	0	(8,228)
Net income (loss) allocated to general partner	$ 0	$ (83)
Net income (loss) per BAC	$ 0	$ (0.00)
Series Forty [Member]
Income
Interest income	$ 631	$ 29
Other income	0	1,660
Revenues	631	1,689
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	14,695	4,900
Fund management fee, net (Note C)	24,444	29,766
General and administrative expenses	3,231	3,714
Operating expenses	42,370	38,380
NET INCOME (LOSS)	(41,739)	(36,691)
Net income (loss) allocated to assignees	(41,322)	(36,324)
Net income (loss) allocated to general partner	$ (417)	$ (367)
Net income (loss) per BAC	$ (0.02)	$ (0.01)
Series Forty One [Member]
Income
Interest income	$ 1,202	$ 151
Other income	41,340	11,143
Revenues	42,542	11,294
Share of income from Operating Partnerships (Note D)	14,000	0
Expenses
Professional fees	21,605	5,599
Fund management fee, net (Note C)	23,784	52,990
General and administrative expenses	3,523	3,944
Operating expenses	48,912	62,533
NET INCOME (LOSS)	7,630	(51,239)
Net income (loss) allocated to assignees	7,554	(50,727)
Net income (loss) allocated to general partner	$ 76	$ (512)
Net income (loss) per BAC	$ 0.00	$ (0.02)
Series Forty Two [Member]
Income
Interest income	$ 3,114	$ 345
Other income	6,300	0
Revenues	9,414	345
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	19,540	5,018
Fund management fee, net (Note C)	18,147	41,835
General and administrative expenses	3,190	3,775
Operating expenses	40,877	50,628
NET INCOME (LOSS)	(31,463)	(50,283)
Net income (loss) allocated to assignees	(31,148)	(49,780)
Net income (loss) allocated to general partner	$ (315)	$ (503)
Net income (loss) per BAC	$ (0.01)	$ (0.02)
Series Forty Three [Member]
Income
Interest income	$ 1,935	$ 99
Other income	49,005	34,072
Revenues	50,940	34,171
Share of income from Operating Partnerships (Note D)	9,000	0
Expenses
Professional fees	20,810	5,843
Fund management fee, net (Note C)	28,083	44,950
General and administrative expenses	3,727	4,113
Operating expenses	52,620	54,906
NET INCOME (LOSS)	7,320	(20,735)
Net income (loss) allocated to assignees	7,247	(20,528)
Net income (loss) allocated to general partner	$ 73	$ (207)
Net income (loss) per BAC	$ 0.00	$ (0.01)
Series Forty Four [Member]
Income
Interest income	$ 145	$ 7
Other income	0	0
Revenues	145	7
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	12,360	4,025
Fund management fee, net (Note C)	44,464	56,826
General and administrative expenses	3,180	3,786
Operating expenses	60,004	64,637
NET INCOME (LOSS)	(59,859)	(64,630)
Net income (loss) allocated to assignees	(59,260)	(63,984)
Net income (loss) allocated to general partner	$ (599)	$ (646)
Net income (loss) per BAC	$ (0.02)	$ (0.02)
Series Forty Five [Member]
Income
Interest income	$ 1,445	$ 366
Other income	22,205	21,605
Revenues	23,650	21,971
Share of income from Operating Partnerships (Note D)	342,500	0
Expenses
Professional fees	25,613	12,087
Fund management fee, net (Note C)	57,517	65,811
General and administrative expenses	4,379	4,632
Operating expenses	87,509	82,530
NET INCOME (LOSS)	278,641	(60,559)
Net income (loss) allocated to assignees	275,855	(59,953)
Net income (loss) allocated to general partner	$ 2,786	$ (606)
Net income (loss) per BAC	$ 0.07	$ (0.01)
Series Forty Six [Member]
Income
Interest income	$ 711	$ 227
Other income	9,665	0
Revenues	10,376	227
Share of income from Operating Partnerships (Note D)	0	0
Expenses
Professional fees	16,410	4,900
Fund management fee, net (Note C)	45,953	52,299
General and administrative expenses	3,462	3,984
Operating expenses	65,825	61,183
NET INCOME (LOSS)	(55,449)	(60,956)
Net income (loss) allocated to assignees	(54,895)	(60,346)
Net income (loss) allocated to general partner	$ (554)	$ (610)
Net income (loss) per BAC	$ (0.02)	$ (0.02)

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CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - 3 months ended Jun. 30, 2018 - USD ($)	Total	General Partner [Member]	Assignees [Member]	Series Twenty [Member]	Series Twenty [Member] General Partner [Member]	Series Twenty [Member] Assignees [Member]	Series Twenty One [Member]	Series Twenty One [Member] General Partner [Member]	Series Twenty One [Member] Assignees [Member]	Series Twenty Two [Member]	Series Twenty Two [Member] General Partner [Member]	Series Twenty Two [Member] Assignees [Member]	Series Twenty Three [Member]	Series Twenty Three [Member] General Partner [Member]	Series Twenty Three [Member] Assignees [Member]	Series Twenty Four [Member]	Series Twenty Four [Member] General Partner [Member]	Series Twenty Four [Member] Assignees [Member]	Series Twenty Five [Member]	Series Twenty Five [Member] General Partner [Member]	Series Twenty Five [Member] Assignees [Member]	Series Twenty Six [Member]	Series Twenty Six [Member] General Partner [Member]	Series Twenty Six [Member] Assignees [Member]	Series Twenty Seven [Member]	Series Twenty Seven [Member] General Partner [Member]	Series Twenty Seven [Member] Assignees [Member]	Series Twenty Eight [Member]	Series Twenty Eight [Member] General Partner [Member]	Series Twenty Eight [Member] Assignees [Member]	Series Twenty Nine [Member]	Series Twenty Nine [Member] General Partner [Member]	Series Twenty Nine [Member] Assignees [Member]	Series Thirty [Member]	Series Thirty [Member] General Partner [Member]	Series Thirty [Member] Assignees [Member]	Series Thirty One [Member]	Series Thirty One [Member] General Partner [Member]	Series Thirty One [Member] Assignees [Member]	Series Thirty Two [Member]	Series Thirty Two [Member] General Partner [Member]	Series Thirty Two [Member] Assignees [Member]	Series Thirty Three [Member]	Series Thirty Three [Member] General Partner [Member]	Series Thirty Three [Member] Assignees [Member]	Series Thirty Four [Member]	Series Thirty Four [Member] General Partner [Member]	Series Thirty Four [Member] Assignees [Member]	Series Thirty Five [Member]	Series Thirty Five [Member] General Partner [Member]	Series Thirty Five [Member] Assignees [Member]	Series Thirty Six [Member]	Series Thirty Six [Member] General Partner [Member]	Series Thirty Six [Member] Assignees [Member]	Series Thirty Seven [Member]	Series Thirty Seven [Member] General Partner [Member]	Series Thirty Seven [Member] Assignees [Member]	Series Thirty Eight [Member]	Series Thirty Eight [Member] General Partner [Member]	Series Thirty Eight [Member] Assignees [Member]	Series Thirty Nine [Member]	Series Thirty Nine [Member] General Partner [Member]	Series Thirty Nine [Member] Assignees [Member]	Series Forty [Member]	Series Forty [Member] General Partner [Member]	Series Forty [Member] Assignees [Member]	Series Forty One [Member]	Series Forty One [Member] General Partner [Member]	Series Forty One [Member] Assignees [Member]	Series Forty Two [Member]	Series Forty Two [Member] General Partner [Member]	Series Forty Two [Member] Assignees [Member]	Series Forty Three [Member]	Series Forty Three [Member] General Partner [Member]	Series Forty Three [Member] Assignees [Member]	Series Forty Four [Member]	Series Forty Four [Member] General Partner [Member]	Series Forty Four [Member] Assignees [Member]	Series Forty Five [Member]	Series Forty Five [Member] General Partner [Member]	Series Forty Five [Member] Assignees [Member]	Series Forty Six [Member]	Series Forty Six [Member] General Partner [Member]	Series Forty Six [Member] Assignees [Member]
Partners' capital (deficit) April 1, 2018 at Mar. 31, 2018	$ (3,077,887)	$ (6,008,922)	$ 2,931,035	$ (1,202,736)	$ (320,280)	$ (882,456)	$ 0	$ 898,231	$ (898,231)	$ (2,656,245)	$ (245,646)	$ (2,410,599)	$ (487,251)	$ (289,719)	$ (197,532)	$ 448,512	$ (174,767)	$ 623,279	$ 0	$ (219,815)	$ 219,815	$ 642,258	$ (311,920)	$ 954,178	$ 6,799,933	$ (138,448)	$ 6,938,381	$ 742,564	$ (274,411)	$ 1,016,975	$ (2,938,032)	$ (368,028)	$ (2,570,004)	$ (1,236,200)	$ (239,418)	$ (996,782)	$ 1,930,386	$ (359,955)	$ 2,290,341	$ (362,468)	$ (409,988)	$ 47,520	$ (800,922)	$ (233,789)	$ (567,133)	$ (2,445,531)	$ (324,845)	$ (2,120,686)	$ 4,428,306	$ (237,742)	$ 4,666,048	$ 1,975,050	$ (158,913)	$ 2,133,963	$ 4,738	$ (215,517)	$ 220,255	$ 1,473,911	$ (203,545)	$ 1,677,456	$ 0	$ (196,043)	$ 196,043	$ (1,981,830)	$ (244,762)	$ (1,737,068)	$ (2,152,454)	$ (270,693)	$ (1,881,761)	$ 1,338,063	$ (227,557)	$ 1,565,620	$ (87,309)	$ (322,394)	$ 235,085	$ (2,746,121)	$ (264,909)	$ (2,481,212)	$ (2,362,706)	$ (377,289)	$ (1,985,417)	$ (1,401,803)	$ (276,760)	$ (1,125,043)
Net income (loss)	562,532	5,626	556,906	139,567	1,396	138,171	0	0	0	(18,239)	(182)	(18,057)	(13,825)	(138)	(13,687)	(25,328)	(253)	(25,075)	0	0	0	(25,237)	(252)	(24,985)	(10,358)	(104)	(10,254)	(11,560)	(116)	(11,444)	91,970	920	91,050	4,077	41	4,036	(24,773)	(248)	(24,525)	449,363	4,494	444,869	(27,422)	(274)	(27,148)	(25,359)	(254)	(25,105)	(16,570)	(166)	(16,404)	(43,526)	(435)	(43,091)	7,558	76	7,482	7,113	71	7,042	0	0	0	(41,739)	(417)	(41,322)	7,630	76	7,554	(31,463)	(315)	(31,148)	7,320	73	7,247	(59,859)	(599)	(59,260)	278,641	2,786	275,855	(55,449)	(554)	(54,895)
Partners' capital (deficit), June 30, 2018 at Jun. 30, 2018	$ (2,515,355)	$ (6,003,296)	$ 3,487,941	$ (1,063,169)	$ (318,884)	$ (744,285)	$ 0	$ 898,231	$ (898,231)	$ (2,674,484)	$ (245,828)	$ (2,428,656)	$ (501,076)	$ (289,857)	$ (211,219)	$ 423,184	$ (175,020)	$ 598,204	$ 0	$ (219,815)	$ 219,815	$ 617,021	$ (312,172)	$ 929,193	$ 6,789,575	$ (138,552)	$ 6,928,127	$ 731,004	$ (274,527)	$ 1,005,531	$ (2,846,062)	$ (367,108)	$ (2,478,954)	$ (1,232,123)	$ (239,377)	$ (992,746)	$ 1,905,613	$ (360,203)	$ 2,265,816	$ 86,895	$ (405,494)	$ 492,389	$ (828,344)	$ (234,063)	$ (594,281)	$ (2,470,890)	$ (325,099)	$ (2,145,791)	$ 4,411,736	$ (237,908)	$ 4,649,644	$ 1,931,524	$ (159,348)	$ 2,090,872	$ 12,296	$ (215,441)	$ 227,737	$ 1,481,024	$ (203,474)	$ 1,684,498	$ 0	$ (196,043)	$ 196,043	$ (2,023,569)	$ (245,179)	$ (1,778,390)	$ (2,144,824)	$ (270,617)	$ (1,874,207)	$ 1,306,600	$ (227,872)	$ 1,534,472	$ (79,989)	$ (322,321)	$ 242,332	$ (2,805,980)	$ (265,508)	$ (2,540,472)	$ (2,084,065)	$ (374,503)	$ (1,709,562)	$ (1,457,252)	$ (277,314)	$ (1,179,938)

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jun. 30, 2018		Jun. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ 562,532		$ 3,874,515
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(1,189,317)		(4,529,631)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	57,500		(37,382)
Decrease (Increase) in other assets	0		(11,300)
(Decrease) Increase in accounts payable affiliates	(2,401,876)		(1,402,150)
Net cash (used in) provided by operating activities	(2,971,161)		(2,105,948)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	1,189,217	[1]	4,414,168	[2]
Net cash (used in) provided by investing activities	1,189,217		4,414,168
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,781,944)		2,308,220
Cash and cash equivalents, beginning	27,208,717		27,209,997
Cash and cash equivalents, ending	25,426,773		29,518,217
Series Twenty [Member]
Cash flows from operating activities:
Net income (loss)	139,567		(10,901)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(155,337)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(135,229)		5,535
Net cash (used in) provided by operating activities	(150,999)		(5,366)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	155,337	[1]	0
Net cash (used in) provided by investing activities	155,337		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,338		(5,366)
Cash and cash equivalents, beginning	241,987		271,060
Cash and cash equivalents, ending	246,325		265,694
Series Twenty One [Member]
Cash flows from operating activities:
Net income (loss)	0		(8,363)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		2,719
Net cash (used in) provided by operating activities	0		(5,644)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0		(5,644)
Cash and cash equivalents, beginning	0		241,102
Cash and cash equivalents, ending	0		235,458
Series Twenty Two [Member]
Cash flows from operating activities:
Net income (loss)	(18,239)		(13,531)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	6,426		7,303
Net cash (used in) provided by operating activities	(11,813)		(6,228)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(11,813)		(6,228)
Cash and cash equivalents, beginning	221,864		252,064
Cash and cash equivalents, ending	210,051		245,836
Series Twenty Three [Member]
Cash flows from operating activities:
Net income (loss)	(13,825)		950,810
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		(959,665)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		5,000
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(194,444)		2,006
Net cash (used in) provided by operating activities	(208,269)		(1,849)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		959,665	[2]
Net cash (used in) provided by investing activities	0		959,665
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(208,269)		957,816
Cash and cash equivalents, beginning	446,136		659,167
Cash and cash equivalents, ending	237,867		1,616,983
Series Twenty Four [Member]
Cash flows from operating activities:
Net income (loss)	(25,328)		(18,448)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	(5,000)		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	(30,328)		(18,448)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(30,328)		(18,448)
Cash and cash equivalents, beginning	453,512		427,181
Cash and cash equivalents, ending	423,184		408,733
Series Twenty Five [Member]
Cash flows from operating activities:
Net income (loss)	0		(12,886)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	0		(12,886)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0		(12,886)
Cash and cash equivalents, beginning	0		344,461
Cash and cash equivalents, ending	0		331,575
Series Twenty Six [Member]
Cash flows from operating activities:
Net income (loss)	(25,237)		(30,227)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(10,500)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	3,500		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	(32,237)		(30,227)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	10,500	[1]	0
Net cash (used in) provided by investing activities	10,500		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(21,737)		(30,227)
Cash and cash equivalents, beginning	642,258		677,679
Cash and cash equivalents, ending	620,521		647,452
Series Twenty Seven [Member]
Cash flows from operating activities:
Net income (loss)	(10,358)		3,259,335
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		(3,291,567)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		(27,796)
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	(10,358)		(60,028)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		3,291,567	[2]
Net cash (used in) provided by investing activities	0		3,291,567
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(10,358)		3,231,539
Cash and cash equivalents, beginning	6,799,933		3,606,473
Cash and cash equivalents, ending	6,789,575		6,838,012
Series Twenty Eight [Member]
Cash flows from operating activities:
Net income (loss)	(11,560)		(14,558)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(8,500)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	3,500		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	(16,560)		(14,558)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	8,500	[1]	0
Net cash (used in) provided by investing activities	8,500		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(8,060)		(14,558)
Cash and cash equivalents, beginning	742,564		812,483
Cash and cash equivalents, ending	734,504		797,925
Series Twenty Nine [Member]
Cash flows from operating activities:
Net income (loss)	91,970		(28,480)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(123,094)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	10,500		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(281,514)		20,546
Net cash (used in) provided by operating activities	(302,138)		(7,934)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	122,994	[1]	0
Net cash (used in) provided by investing activities	122,994		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(179,144)		(7,934)
Cash and cash equivalents, beginning	622,414		345,648
Cash and cash equivalents, ending	443,270		337,714
Series Thirty [Member]
Cash flows from operating activities:
Net income (loss)	4,077		289,654
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(24,006)		(263,893)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	10,500		3,000
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(150,192)		16,654
Net cash (used in) provided by operating activities	(159,621)		45,415
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	24,006	[1]	148,430	[2]
Net cash (used in) provided by investing activities	24,006		148,430
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(135,615)		193,845
Cash and cash equivalents, beginning	453,433		270,126
Cash and cash equivalents, ending	317,818		463,971
Series Thirty One [Member]
Cash flows from operating activities:
Net income (loss)	(24,773)		(28,416)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(7,500)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	3,500		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	(28,773)		(28,416)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	7,500	[1]	0
Net cash (used in) provided by investing activities	7,500		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(21,273)		(28,416)
Cash and cash equivalents, beginning	1,971,680		2,047,648
Cash and cash equivalents, ending	1,950,407		2,019,232
Series Thirty Two [Member]
Cash flows from operating activities:
Net income (loss)	449,363		(13,457)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(487,880)		(14,506)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	5,000		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(665,793)		(22,530)
Net cash (used in) provided by operating activities	(699,310)		(50,493)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	487,880	[1]	14,506	[2]
Net cash (used in) provided by investing activities	487,880		14,506
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(211,430)		(35,987)
Cash and cash equivalents, beginning	563,697		837,185
Cash and cash equivalents, ending	352,267		801,198
Series Thirty Three [Member]
Cash flows from operating activities:
Net income (loss)	(27,422)		(16,649)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(93,622)		16,398
Net cash (used in) provided by operating activities	(121,044)		(251)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(121,044)		(251)
Cash and cash equivalents, beginning	452,033		337,765
Cash and cash equivalents, ending	330,989		337,514
Series Thirty Four [Member]
Cash flows from operating activities:
Net income (loss)	(25,359)		(19,695)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(87,634)		(230,134)
Net cash (used in) provided by operating activities	(112,993)		(249,829)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(112,993)		(249,829)
Cash and cash equivalents, beginning	394,837		849,078
Cash and cash equivalents, ending	281,844		599,249
Series Thirty Five [Member]
Cash flows from operating activities:
Net income (loss)	(16,570)		(23,504)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		(391,519)
Net cash (used in) provided by operating activities	(16,570)		(415,023)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(16,570)		(415,023)
Cash and cash equivalents, beginning	4,428,306		2,392,767
Cash and cash equivalents, ending	4,411,736		1,977,744
Series Thirty Six [Member]
Cash flows from operating activities:
Net income (loss)	(43,526)		(8,882)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		(614,874)
Net cash (used in) provided by operating activities	(43,526)		(623,756)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(43,526)		(623,756)
Cash and cash equivalents, beginning	2,106,050		2,934,317
Cash and cash equivalents, ending	2,062,524		2,310,561
Series Thirty Seven [Member]
Cash flows from operating activities:
Net income (loss)	7,558		947
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(189,816)		(34,910)
Net cash (used in) provided by operating activities	(182,258)		(33,963)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(182,258)		(33,963)
Cash and cash equivalents, beginning	517,887		2,096,039
Cash and cash equivalents, ending	335,629		2,062,076
Series Thirty Eight [Member]
Cash flows from operating activities:
Net income (loss)	7,113		(24,830)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(7,000)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	3,500		(6,543)
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(18,234)		11,134
Net cash (used in) provided by operating activities	(14,621)		(20,239)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	7,000	[1]	0
Net cash (used in) provided by investing activities	7,000		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(7,621)		(20,239)
Cash and cash equivalents, beginning	1,492,145		3,042,864
Cash and cash equivalents, ending	1,484,524		3,022,625
Series Thirty Nine [Member]
Cash flows from operating activities:
Net income (loss)	0		(8,311)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		(6,543)
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	0		(340,846)
Net cash (used in) provided by operating activities	0		(355,700)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0		(355,700)
Cash and cash equivalents, beginning	0		1,248,898
Cash and cash equivalents, ending	0		893,198
Series Forty [Member]
Cash flows from operating activities:
Net income (loss)	(41,739)		(36,691)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(123,406)		(19,234)
Net cash (used in) provided by operating activities	(165,145)		(55,925)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(165,145)		(55,925)
Cash and cash equivalents, beginning	431,341		248,318
Cash and cash equivalents, ending	266,196		192,393
Series Forty One [Member]
Cash flows from operating activities:
Net income (loss)	7,630		(51,239)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(14,000)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	9,000		(4,500)
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(355,168)		(17,061)
Net cash (used in) provided by operating activities	(352,538)		(72,800)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	14,000	[1]	0
Net cash (used in) provided by investing activities	14,000		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(338,538)		(72,800)
Cash and cash equivalents, beginning	741,152		322,902
Cash and cash equivalents, ending	402,614		250,102
Series Forty Two [Member]
Cash flows from operating activities:
Net income (loss)	(31,463)		(50,283)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		(11,300)
(Decrease) Increase in accounts payable affiliates	0		0
Net cash (used in) provided by operating activities	(31,463)		(61,583)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(31,463)		(61,583)
Cash and cash equivalents, beginning	1,327,017		1,072,528
Cash and cash equivalents, ending	1,295,554		1,010,945
Series Forty Three [Member]
Cash flows from operating activities:
Net income (loss)	7,320		(20,735)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(9,000)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	6,000		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	(295,671)		57,693
Net cash (used in) provided by operating activities	(291,351)		36,958
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	9,000	[1]	0
Net cash (used in) provided by investing activities	9,000		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(282,351)		36,958
Cash and cash equivalents, beginning	854,364		351,638
Cash and cash equivalents, ending	572,013		388,596
Series Forty Four [Member]
Cash flows from operating activities:
Net income (loss)	(59,859)		(64,630)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	60,098		60,971
Net cash (used in) provided by operating activities	239		(3,659)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	239		(3,659)
Cash and cash equivalents, beginning	84,006		66,324
Cash and cash equivalents, ending	84,245		62,665
Series Forty Five [Member]
Cash flows from operating activities:
Net income (loss)	278,641		(60,559)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	(342,500)		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	7,500		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	70,024		15,700
Net cash (used in) provided by operating activities	13,665		(44,859)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	342,500	[1]	0
Net cash (used in) provided by investing activities	342,500		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	356,165		(44,859)
Cash and cash equivalents, beginning	753,702		803,153
Cash and cash equivalents, ending	1,109,867		758,294
Series Forty Six [Member]
Cash flows from operating activities:
Net income (loss)	(55,449)		(60,956)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships	0		0
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	0		0
Decrease (Increase) in other assets	0		0
(Decrease) Increase in accounts payable affiliates	52,299		52,299
Net cash (used in) provided by operating activities	(3,150)		(8,657)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0		0
Net cash (used in) provided by investing activities	0		0
Cash flows from financing activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(3,150)		(8,657)
Cash and cash equivalents, beginning	466,399		651,129
Cash and cash equivalents, ending	$ 463,249		$ 642,472

[1] Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29.

[2] Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30.

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ORGANIZATION

3 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]

NOTE A – ORGANIZATION

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

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

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

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

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

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

XML

ACCOUNTING AND FINANCIAL REPORTING POLICIES

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of June 30, 2018 and for the three months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2018.

XML

RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE C - RELATED PARTY TRANSACTIONS

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

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended June 30, 2018 and 2017, are as follows:

	2018	2017
Series 20	$  2,771	$  5,535
Series 21	-	2,719
Series 22	6,426	7,303
Series 23	5,556	5,556
Series 24	10,761	12,588
Series 25	-	5,934
Series 26	15,609	22,545
Series 27	7,635	14,968
Series 28	8,844	8,844
Series 29	15,093	20,546
Series 30	10,829	16,654
Series 31	19,092	21,699
Series 32	22,087	26,370
Series 33	13,318	16,398
Series 34	12,366	12,366
Series 35	10,653	17,481
Series 36	7,626	7,626
Series 37	10,184	12,501
Series 38	18,234	18,234
Series 39	-	1,709
Series 40	26,594	29,766
Series 41	38,704	53,439
Series 42	29,334	42,870
Series 43	45,635	57,693
Series 44	57,825	57,826
Series 45	70,024	70,359
Series 46	52,299	52,299
	$517,499	$621,828

The fund management fees paid for the three months ended June 30, 2018 and 2017 are as follows:

	2018	2017
Series 20	$  138,000	$        -
Series 23	200,000	3,550
Series 24	10,761	12,588
Series 25	-	5,934
Series 26	15,609	22,545
Series 27	7,635	14,968
Series 28	8,844	8,844
Series 29	296,607	-
Series 30	161,021	-
Series 31	19,092	21,699
Series 32	687,880	48,900
Series 33	106,940	-
Series 34	100,000	242,500
Series 35	10,653	409,000
Series 36	7,626	622,500
Series 37	200,000	47,411
Series 38	36,468	7,100
Series 39	-	122,100
Series 40	150,000	49,000
Series 41	393,872	70,500
Series 42	29,334	42,870
Series 43	341,306	-
	$2,921,648	$1,752,009

XML

INVESTMENTS IN OPERATING PARTNERSHIPS

3 Months Ended

Jun. 30, 2018

Investments In Operating Partnerships [Abstract]

Equity Method Investments Disclosure [Text Block]

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At June 30, 2018 and 2017, the Fund has limited partnership interests in 156 and 205 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at June 30, 2018 and 2017 are as follows:

	2018	2017
Series 20	1	3
Series 21	-	2
Series 22	3	3
Series 23	3	3
Series 24	5	6
Series 25	-	4
Series 26	8	13
Series 27	3	4
Series 28	4	5
Series 29	5	8
Series 30	3	6
Series 31	7	10
Series 32	5	7
Series 33	3	5
Series 34	4	4
Series 35	2	3
Series 36	3	3
Series 37	1	2
Series 38	3	4
Series 39	-	1
Series 40	9	10
Series 41	11	17
Series 42	11	15
Series 43	16	19
Series 44	7	7
Series 45	25	27
Series 46	14	14
	156	205

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 June 30, 2018 and 2017, are as follows:

	2018	2017
Series 29	$    785	$  8,235
Series 30	65,176	65,176
Series 31	66,294	66,294
Series 32	1,229	1,229
Series 33	-	69,154
Series 37	-	138,438
Series 40	102	102
Series 41	-	100
Series 42	254	73,433
Series 43	26,082	99,265
Series 45	16,724	16,724
	$176,646	$538,150

During the three months ended June 30, 2018 the Fund disposed of thirteen Operating Partnerships. A summary of the dispositions by Series for June 30, 2018 is as follows: 

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 20	1	-	$	155,337	$	155,337
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	2	-		24,006		24,006
Series 31	1	-		7,500		7,500
Series 32	-	1		487,880		487,880
Series 38	1	-		7,000		7,000
Series 41	-	1		14,000		14,000
Series 43	1	-		9,000		9,000
Series 45	1	-		342,500		342,500
Total	11	2	$	1,189,217	$	1,189,317

* Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29.

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

During the three months ended June 30, 2017 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2017 is as follows: 

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 23	-	1	$	959,665	$	959,665
Series 27	-	1		3,291,567		3,291,567
Series 30	1	1		148,430		263,893
Series 32	-	-		14,506		14,506
Total	1	3	$	4,414,168	$	4,529,631

* Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30.

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

The Fund's fiscal year ends March 31st for each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2018.

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

		2018	2017
Revenues
	Rental	$  11,545,111	$  14,029,090
	Interest and other	360,002	446,491
		11,905,113	14,475,581
Expenses
	Interest	1,886,045	2,382,891
	Depreciation and amortization	3,000,974	3,780,719
	Operating expenses	8,355,030	10,381,532
		13,242,049	16,545,142
NET LOSS		$ (1,336,936)	$ (2,069,561)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (1,323,567)	$ (2,048,864)
Net loss allocated to other Partners		$    (13,369)	$    (20,697)

* Amounts include $(1,323,567) and $(2,048,864) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 20

		2018	2017
Revenues
	Rental	$    69,740	$   133,471
	Interest and other	4,960	8,457
		74,700	141,928
Expenses
	Interest	5,866	12,868
	Depreciation and amortization	14,208	36,093
	Operating expenses	62,258	117,558
		82,332	166,519
NET LOSS		$   (7,632)	$  (24,591)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (7,556)	$  (24,345)
Net loss allocated to other Partners		$      (76)	$     (246)

* Amounts include $(7,556) and $(24,345) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 21

		2018	2017
Revenues
	Rental	$         -	$   123,389
	Interest and other	-	860
		-	124,249
Expenses
	Interest	-	9,916
	Depreciation and amortization	-	20,720
	Operating expenses	-	98,300
		-	128,936
NET LOSS		$         -	$   (4,687)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (4,640)
Net loss allocated to other Partners		$         -	$      (47)

* Amounts include $- and $(4,640) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 22

		2018	2017
Revenues
	Rental	$   127,504	$   127,528
	Interest and other	3,212	4,554
		130,716	132,082
Expenses
	Interest	10,877	11,342
	Depreciation and amortization	27,270	27,089
	Operating expenses	107,889	136,469
		146,036	174,900
NET LOSS		$  (15,320)	$  (42,818)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (15,167)	$  (42,390)
Net loss allocated to other Partners		$     (153)	$     (428)

* Amounts include $(15,167) and $(42,390) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 23

		2018	2017
Revenues
	Rental	$   102,185	$   105,624
	Interest and other	4,210	5,298
		106,395	110,922
Expenses
	Interest	7,445	6,020
	Depreciation and amortization	22,548	22,449
	Operating expenses	84,644	87,804
		114,637	116,273
NET LOSS		$   (8,242)	$   (5,351)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (8,160)	$   (5,297)
Net loss allocated to other Partners		$      (82)	$      (54)

* Amounts include $(8,160) and $(5,297) for 2018 and 2017, of net loss not recognized under the equity method of accounting.

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

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

Series 24

		2018	2017
Revenues
	Rental	$   214,201	$   256,294
	Interest and other	6,867	5,121
		221,068	261,415
Expenses
	Interest	17,395	22,563
	Depreciation and amortization	60,969	70,348
	Operating expenses	171,220	206,766
		249,584	299,677
NET LOSS		$  (28,516)	$  (38,262)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (28,231)	$  (37,879)
Net loss allocated to other Partners		$     (285)	$     (383)

* Amounts include $(28,231) and $(37,879) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 25

		2018	2017
Revenues
	Rental	$         -	$   214,392
	Interest and other	-	5,238
		-	219,630
Expenses
	Interest	-	20,184
	Depreciation and amortization	-	44,177
	Operating expenses	-	164,759
		-	229,120
NET LOSS		$         -	$   (9,490)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (9,395)
Net loss allocated to other Partners		$         -	$      (95)

* Amounts include $- and $(9,395) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 26

		2018	2017
Revenues
	Rental	$   318,677	$   543,233
	Interest and other	3,828	14,389
		322,505	557,622
Expenses
	Interest	55,837	76,663
	Depreciation and amortization	77,703	143,109
	Operating expenses	268,413	462,402
		401,953	682,174
NET LOSS		$ (79,448)	$ (124,552)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (78,654)	$ (123,306)
Net loss allocated to other Partners		$    (794)	$   (1,246)

* Amounts include $(78,654) and $(123,306) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 27

		2018	2017
Revenues
	Rental	$   165,151	$   201,149
	Interest and other	3,247	2,811
		168,398	203,960
Expenses
	Interest	8,310	11,753
	Depreciation and amortization	44,462	60,321
	Operating expenses	137,679	164,799
		190,451	236,873
NET LOSS		$  (22,053)	$  (32,913)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (21,832)	$  (32,584)
Net loss allocated to other Partners		$     (221)	$     (329)

* Amounts include $(21,832) and $(32,584) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 28

		2018	2017
Revenues
	Rental	$    205,590	$    250,570
	Interest and other	11,285	6,318
		216,875	256,888
Expenses
	Interest	33,284	40,758
	Depreciation and amortization	45,881	56,444
	Operating expenses	170,438	195,958
		249,603	293,160
NET LOSS		$   (32,728)	$   (36,272)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (32,401)	$   (35,909)
Net loss allocated to other Partners		$      (327)	$      (363)

* Amounts include $(32,401) and $(35,909) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 29

		2018	2017
Revenues
	Rental	$    302,956	$    437,102
	Interest and other	12,746	42,050
		315,702	479,152
Expenses
	Interest	63,618	98,351
	Depreciation and amortization	66,659	123,879
	Operating expenses	252,989	388,803
		383,266	611,033
NET LOSS		$   (67,564)	$  (131,881)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (66,888)	$  (130,562)
Net loss allocated to other Partners		$      (676)	$    (1,319)

* Amounts include $(66,888) and $(130,562) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 30

		2018	2017
Revenues
	Rental	$   203,637	$   257,521
	Interest and other	5,858	6,320
		209,495	263,841
Expenses
	Interest	19,972	23,407
	Depreciation and amortization	48,004	72,625
	Operating expenses	169,158	202,203
		237,134	298,235
NET LOSS		$  (27,639)	$  (34,394)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (27,363)	$  (34,050)
Net loss allocated to other Partners		$     (276)	$     (344)

* Amounts include $(27,363) and $(34,050) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 31

		2018	2017
Revenues
	Rental	$    301,590	$    426,560
	Interest and other	10,945	12,249
		312,535	438,809
Expenses
	Interest	22,551	42,067
	Depreciation and amortization	108,367	143,308
	Operating expenses	296,847	378,566
		427,765	563,941
NET LOSS		$  (115,230)	$  (125,132)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (114,078)	$  (123,881)
Net loss allocated to other Partners		$    (1,152)	$    (1,251)

* Amounts include $(114,078) and $(123,881) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 32

		2018	2017
Revenues
	Rental	$    385,247	$    568,464
	Interest and other	5,736	17,896
		390,983	586,360
Expenses
	Interest	64,222	89,004
	Depreciation and amortization	109,582	167,867
	Operating expenses	320,647	440,872
		494,451	697,743
NET LOSS		$  (103,468)	$  (111,383)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (102,433)	$  (110,269)
Net loss allocated to other Partners		$    (1,035)	$    (1,114)

* Amounts include $(102,433) and $(110,269) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 33 

		2018	2017
Revenues
	Rental	$   316,467	$   352,356
	Interest and other	11,510	12,747
		327,977	365,103
Expenses
	Interest	50,837	59,782
	Depreciation and amortization	69,767	89,646
	Operating expenses	232,835	269,458
		353,439	418,886
NET LOSS		$  (25,462)	$  (53,783)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (25,207)	$  (53,245)
Net loss allocated to other Partners		$     (255)	$     (538)

* Amounts include $(25,207) and $(53,245) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 34

		2018	2017
Revenues
	Rental	$   247,506	$   242,936
	Interest and other	12,600	8,753
		260,106	251,689
Expenses
	Interest	28,958	26,066
	Depreciation and amortization	68,548	68,907
	Operating expenses	185,490	188,617
		282,996	283,590
NET LOSS		$  (22,890)	$  (31,901)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (22,661)	$  (31,582)
Net loss allocated to other Partners		$     (229)	$     (319)

* Amounts include $(22,661) and $(31,582) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 35

		2018	2017
Revenues
	Rental	$   252,467	$   313,246
	Interest and other	14,152	9,606
		266,619	322,852
Expenses
	Interest	41,622	51,614
	Depreciation and amortization	80,578	92,481
	Operating expenses	151,889	185,357
		274,089	329,452
NET LOSS		$   (7,470)	$   (6,600)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (7,395)	$   (6,534)
Net loss allocated to other Partners		$      (75)	$      (66)

* Amounts include $(7,395) and $(6,534) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 36

		2018	2017
Revenues
	Rental	$   165,386	$   161,046
	Interest and other	4,998	4,589
		170,384	165,635
Expenses
	Interest	30,331	32,208
	Depreciation and amortization	42,255	42,278
	Operating expenses	120,885	124,116
		193,471	198,602
NET LOSS		$  (23,087)	$  (32,967)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (22,856)	$  (32,637)
Net loss allocated to other Partners		$     (231)	$     (330)

* Amounts include $(22,856) and $(32,637) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 37

		2018	2017
Revenues
	Rental	$   185,681	$   203,958
	Interest and other	19,036	20,176
		204,717	224,134
Expenses
	Interest	31,027	32,077
	Depreciation and amortization	57,825	69,701
	Operating expenses	133,661	158,294
		222,513	260,072
NET LOSS		$  (17,796)	$  (35,938)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (17,618)	$  (35,579)
Net loss allocated to other Partners		$     (178)	$     (359)

* Amounts include $(17,618) and $(35,579) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 38

		2018	2017
Revenues
	Rental	$   405,363	$   443,713
	Interest and other	8,187	5,418
		413,550	449,131
Expenses
	Interest	55,620	61,781
	Depreciation and amortization	77,757	93,157
	Operating expenses	282,404	320,254
		415,781	475,192
NET LOSS		$   (2,231)	$  (26,061)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (2,209)	$  (25,800)
Net loss allocated to other Partners		$      (22)	$     (261)

* Amounts include $(2,209) and $(25,800) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 39

		2018	2017
Revenues
	Rental	$         -	$    42,108
	Interest and other	-	-
		-	42,108
Expenses
	Interest	-	1,559
	Depreciation and amortization	-	7,273
	Operating expenses	-	36,625
		-	45,457
NET LOSS		$         -	$   (3,349)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (3,316)
Net loss allocated to other Partners		$         -	$      (33)

* Amounts include $- and $(3,316) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 40

		2018	2017
Revenues
	Rental	$   536,374	$   622,783
	Interest and other	14,697	14,318
		551,071	637,101
Expenses
	Interest	99,916	135,162
	Depreciation and amortization	149,818	177,693
	Operating expenses	427,291	490,299
		677,025	803,154
NET LOSS		$ (125,954)	$ (166,053)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (124,694)	$ (164,392)
Net loss allocated to other Partners		$   (1,260)	$   (1,661)

* Amounts include $(124,694) and $(164,392) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 41

		2018	2017
Revenues
	Rental	$   907,775	$ 1,349,185
	Interest and other	14,831	28,304
		922,606	1,377,489
Expenses
	Interest	170,013	284,800
	Depreciation and amortization	192,377	319,024
	Operating expenses	611,831	931,604
		974,221	1,535,428
NET LOSS		$  (51,615)	$ (157,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (51,099)	$ (156,360)
Net loss allocated to other Partners		$     (516)	$   (1,579)

* Amounts include $(51,099) and $(156,360) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 42

		2018	2017
Revenues
	Rental	$   641,667	$   911,872
	Interest and other	24,793	38,065
		666,460	949,937
Expenses
	Interest	129,560	197,800
	Depreciation and amortization	194,985	280,472
	Operating expenses	474,725	680,302
		799,270	1,158,574
NET LOSS		$ (132,810)	$ (208,637)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (131,482)	$ (206,551)
Net loss allocated to other Partners		$   (1,328)	$   (2,086)

* Amounts include $(131,482) and $(206,551) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 43

		2018	2017
Revenues
	Rental	$ 1,046,749	$ 1,309,676
	Interest and other	45,181	65,602
		1,091,930	1,375,278
Expenses
	Interest	128,333	205,990
	Depreciation and amortization	347,594	431,594
	Operating expenses	788,238	1,010,064
		1,264,165	1,647,648
NET LOSS		$ (172,235)	$ (272,370)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (170,513)	$ (269,646)
Net loss allocated to other Partners		$   (1,722)	$   (2,724)

* Amounts include $(170,513) and $(269,646) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 44

		2018	2017
Revenues
	Rental	$  1,490,507	$  1,465,870
	Interest and other	40,927	45,471
		1,531,434	1,511,341
Expenses
	Interest	347,788	350,607
	Depreciation and amortization	338,087	341,954
	Operating expenses	855,541	878,513
		1,541,416	1,571,074
NET LOSS		$    (9,982)	$   (59,733)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$    (9,882)	$   (59,136)
Net loss allocated to other Partners		$      (100)	$      (597)

* Amounts include $(9,882) and $(59,136) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 45

		2018	2017
Revenues
	Rental	$  1,772,558	$  1,810,088
	Interest and other	40,396	36,785
		1,812,954	1,846,873
Expenses
	Interest	227,709	242,578
	Depreciation and amortization	472,229	492,220
	Operating expenses	1,306,696	1,310,510
		2,006,634	2,045,308
NET LOSS		$  (193,680)	$  (198,435)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (191,743)	$  (196,451)
Net loss allocated to other Partners		$    (1,937)	$    (1,984)

* Amounts include $(191,743) and $(196,451) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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

Series 46

		2018	2017
Revenues
	Rental	$ 1,180,133	$ 1,154,956
	Interest and other	35,800	25,096
		1,215,933	1,180,052
Expenses
	Interest	234,954	235,971
	Depreciation and amortization	283,501	285,890
	Operating expenses	741,362	752,260
		1,259,817	1,274,121
NET LOSS		$  (43,884)	$  (94,069)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (43,445)	$  (93,128)
Net loss allocated to other Partners		$     (439)	$     (941)

* Amounts include $(43,445) and $(93,128) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

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TAXABLE LOSS

3 Months Ended

Jun. 30, 2018

Taxable Loss [Abstract]

Taxable Loss [Text Block]

NOTE E - TAXABLE LOSS

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

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INCOME TAXES

3 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Income Tax Relating To Partnership Disclosure [Text Block]

NOTE F - INCOME TAXES

The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open.

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SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE G - SUBSEQUENT EVENTS

Subsequent to June 30, 2018, the Fund has entered into an agreement to transfer the interest in one operating limited partnership. The estimated transfer price and other terms for the disposition of the operating limited partnership has been determined. The estimated proceeds to be received for the operating limited partnership is $42,000. The estimated gain on the transfer of the operating limited partnership is $39,500 and is expected to be recognized in the second quarter of fiscal year ending March 31, 2019.

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ORGANIZATION (Tables)

3 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Schedule of Limited Partners' Capital Account by Class [Table Text Block]

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

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

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

XML

RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Schedule Of Gross Management Fee [Table Text Block]

The fund management fees accrued for the quarters ended June 30, 2018 and 2017, are as follows:

	2018	2017
Series 20	$  2,771	$  5,535
Series 21	-	2,719
Series 22	6,426	7,303
Series 23	5,556	5,556
Series 24	10,761	12,588
Series 25	-	5,934
Series 26	15,609	22,545
Series 27	7,635	14,968
Series 28	8,844	8,844
Series 29	15,093	20,546
Series 30	10,829	16,654
Series 31	19,092	21,699
Series 32	22,087	26,370
Series 33	13,318	16,398
Series 34	12,366	12,366
Series 35	10,653	17,481
Series 36	7,626	7,626
Series 37	10,184	12,501
Series 38	18,234	18,234
Series 39	-	1,709
Series 40	26,594	29,766
Series 41	38,704	53,439
Series 42	29,334	42,870
Series 43	45,635	57,693
Series 44	57,825	57,826
Series 45	70,024	70,359
Series 46	52,299	52,299
	$517,499	$621,828

Schedule Of Management Fees Paid [Table Text Block]

The fund management fees paid for the three months ended June 30, 2018 and 2017 are as follows:

	2018	2017
Series 20	$  138,000	$        -
Series 23	200,000	3,550
Series 24	10,761	12,588
Series 25	-	5,934
Series 26	15,609	22,545
Series 27	7,635	14,968
Series 28	8,844	8,844
Series 29	296,607	-
Series 30	161,021	-
Series 31	19,092	21,699
Series 32	687,880	48,900
Series 33	106,940	-
Series 34	100,000	242,500
Series 35	10,653	409,000
Series 36	7,626	622,500
Series 37	200,000	47,411
Series 38	36,468	7,100
Series 39	-	122,100
Series 40	150,000	49,000
Series 41	393,872	70,500
Series 42	29,334	42,870
Series 43	341,306	-
	$2,921,648	$1,752,009

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INVESTMENTS IN OPERATING PARTNERSHIPS (Tables)

3 Months Ended

Jun. 30, 2018

Investments In Operating Partnerships [Abstract]

Schedule Of Number Of Operating Partnerships [Table Text Block]

The breakdown of Operating Partnerships within the Fund at June 30, 2018 and 2017 are as follows:

	2018	2017
Series 20	1	3
Series 21	-	2
Series 22	3	3
Series 23	3	3
Series 24	5	6
Series 25	-	4
Series 26	8	13
Series 27	3	4
Series 28	4	5
Series 29	5	8
Series 30	3	6
Series 31	7	10
Series 32	5	7
Series 33	3	5
Series 34	4	4
Series 35	2	3
Series 36	3	3
Series 37	1	2
Series 38	3	4
Series 39	-	1
Series 40	9	10
Series 41	11	17
Series 42	11	15
Series 43	16	19
Series 44	7	7
Series 45	25	27
Series 46	14	14
	156	205

Schedule Of Contributions Payable [Table Text Block]

The contributions payable at June 30, 2018 and 2017, are as follows:

	2018	2017
Series 29	$    785	$  8,235
Series 30	65,176	65,176
Series 31	66,294	66,294
Series 32	1,229	1,229
Series 33	-	69,154
Series 37	-	138,438
Series 40	102	102
Series 41	-	100
Series 42	254	73,433
Series 43	26,082	99,265
Series 45	16,724	16,724
	$176,646	$538,150

Schedule Of Dispositions By Series [Table Text Block]

During the three months ended June 30, 2018 the Fund disposed of thirteen Operating Partnerships. A summary of the dispositions by Series for June 30, 2018 is as follows: 

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 20	1	-	$	155,337	$	155,337
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	2	-		24,006		24,006
Series 31	1	-		7,500		7,500
Series 32	-	1		487,880		487,880
Series 38	1	-		7,000		7,000
Series 41	-	1		14,000		14,000
Series 43	1	-		9,000		9,000
Series 45	1	-		342,500		342,500
Total	11	2	$	1,189,217	$	1,189,317

* Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29.

During the three months ended June 30, 2017 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2017 is as follows: 

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition
Series 23	-	1	$	959,665	$	959,665
Series 27	-	1		3,291,567		3,291,567
Series 30	1	1		148,430		263,893
Series 32	-	-		14,506		14,506
Total	1	3	$	4,414,168	$	4,529,631

* Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30.

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

Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2018.

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

		2018	2017
Revenues
	Rental	$  11,545,111	$  14,029,090
	Interest and other	360,002	446,491
		11,905,113	14,475,581
Expenses
	Interest	1,886,045	2,382,891
	Depreciation and amortization	3,000,974	3,780,719
	Operating expenses	8,355,030	10,381,532
		13,242,049	16,545,142
NET LOSS		$ (1,336,936)	$ (2,069,561)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (1,323,567)	$ (2,048,864)
Net loss allocated to other Partners		$    (13,369)	$    (20,697)

* Amounts include $(1,323,567) and $(2,048,864) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 20

		2018	2017
Revenues
	Rental	$    69,740	$   133,471
	Interest and other	4,960	8,457
		74,700	141,928
Expenses
	Interest	5,866	12,868
	Depreciation and amortization	14,208	36,093
	Operating expenses	62,258	117,558
		82,332	166,519
NET LOSS		$   (7,632)	$  (24,591)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (7,556)	$  (24,345)
Net loss allocated to other Partners		$      (76)	$     (246)

* Amounts include $(7,556) and $(24,345) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 21

		2018	2017
Revenues
	Rental	$         -	$   123,389
	Interest and other	-	860
		-	124,249
Expenses
	Interest	-	9,916
	Depreciation and amortization	-	20,720
	Operating expenses	-	98,300
		-	128,936
NET LOSS		$         -	$   (4,687)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (4,640)
Net loss allocated to other Partners		$         -	$      (47)

* Amounts include $- and $(4,640) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 22

		2018	2017
Revenues
	Rental	$   127,504	$   127,528
	Interest and other	3,212	4,554
		130,716	132,082
Expenses
	Interest	10,877	11,342
	Depreciation and amortization	27,270	27,089
	Operating expenses	107,889	136,469
		146,036	174,900
NET LOSS		$  (15,320)	$  (42,818)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (15,167)	$  (42,390)
Net loss allocated to other Partners		$     (153)	$     (428)

* Amounts include $(15,167) and $(42,390) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 23

		2018	2017
Revenues
	Rental	$   102,185	$   105,624
	Interest and other	4,210	5,298
		106,395	110,922
Expenses
	Interest	7,445	6,020
	Depreciation and amortization	22,548	22,449
	Operating expenses	84,644	87,804
		114,637	116,273
NET LOSS		$   (8,242)	$   (5,351)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (8,160)	$   (5,297)
Net loss allocated to other Partners		$      (82)	$      (54)

* Amounts include $(8,160) and $(5,297) for 2018 and 2017, of net loss not recognized under the equity method of accounting.

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

Series 24

		2018	2017
Revenues
	Rental	$   214,201	$   256,294
	Interest and other	6,867	5,121
		221,068	261,415
Expenses
	Interest	17,395	22,563
	Depreciation and amortization	60,969	70,348
	Operating expenses	171,220	206,766
		249,584	299,677
NET LOSS		$  (28,516)	$  (38,262)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (28,231)	$  (37,879)
Net loss allocated to other Partners		$     (285)	$     (383)

* Amounts include $(28,231) and $(37,879) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 25

		2018	2017
Revenues
	Rental	$         -	$   214,392
	Interest and other	-	5,238
		-	219,630
Expenses
	Interest	-	20,184
	Depreciation and amortization	-	44,177
	Operating expenses	-	164,759
		-	229,120
NET LOSS		$         -	$   (9,490)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (9,395)
Net loss allocated to other Partners		$         -	$      (95)

* Amounts include $- and $(9,395) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 26

		2018	2017
Revenues
	Rental	$   318,677	$   543,233
	Interest and other	3,828	14,389
		322,505	557,622
Expenses
	Interest	55,837	76,663
	Depreciation and amortization	77,703	143,109
	Operating expenses	268,413	462,402
		401,953	682,174
NET LOSS		$ (79,448)	$ (124,552)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (78,654)	$ (123,306)
Net loss allocated to other Partners		$    (794)	$   (1,246)

* Amounts include $(78,654) and $(123,306) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 27

		2018	2017
Revenues
	Rental	$   165,151	$   201,149
	Interest and other	3,247	2,811
		168,398	203,960
Expenses
	Interest	8,310	11,753
	Depreciation and amortization	44,462	60,321
	Operating expenses	137,679	164,799
		190,451	236,873
NET LOSS		$  (22,053)	$  (32,913)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (21,832)	$  (32,584)
Net loss allocated to other Partners		$     (221)	$     (329)

* Amounts include $(21,832) and $(32,584) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 28

		2018	2017
Revenues
	Rental	$    205,590	$    250,570
	Interest and other	11,285	6,318
		216,875	256,888
Expenses
	Interest	33,284	40,758
	Depreciation and amortization	45,881	56,444
	Operating expenses	170,438	195,958
		249,603	293,160
NET LOSS		$   (32,728)	$   (36,272)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (32,401)	$   (35,909)
Net loss allocated to other Partners		$      (327)	$      (363)

* Amounts include $(32,401) and $(35,909) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 29

		2018	2017
Revenues
	Rental	$    302,956	$    437,102
	Interest and other	12,746	42,050
		315,702	479,152
Expenses
	Interest	63,618	98,351
	Depreciation and amortization	66,659	123,879
	Operating expenses	252,989	388,803
		383,266	611,033
NET LOSS		$   (67,564)	$  (131,881)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (66,888)	$  (130,562)
Net loss allocated to other Partners		$      (676)	$    (1,319)

* Amounts include $(66,888) and $(130,562) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 30

		2018	2017
Revenues
	Rental	$   203,637	$   257,521
	Interest and other	5,858	6,320
		209,495	263,841
Expenses
	Interest	19,972	23,407
	Depreciation and amortization	48,004	72,625
	Operating expenses	169,158	202,203
		237,134	298,235
NET LOSS		$  (27,639)	$  (34,394)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (27,363)	$  (34,050)
Net loss allocated to other Partners		$     (276)	$     (344)

* Amounts include $(27,363) and $(34,050) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 31

		2018	2017
Revenues
	Rental	$    301,590	$    426,560
	Interest and other	10,945	12,249
		312,535	438,809
Expenses
	Interest	22,551	42,067
	Depreciation and amortization	108,367	143,308
	Operating expenses	296,847	378,566
		427,765	563,941
NET LOSS		$  (115,230)	$  (125,132)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (114,078)	$  (123,881)
Net loss allocated to other Partners		$    (1,152)	$    (1,251)

* Amounts include $(114,078) and $(123,881) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 32

		2018	2017
Revenues
	Rental	$    385,247	$    568,464
	Interest and other	5,736	17,896
		390,983	586,360
Expenses
	Interest	64,222	89,004
	Depreciation and amortization	109,582	167,867
	Operating expenses	320,647	440,872
		494,451	697,743
NET LOSS		$  (103,468)	$  (111,383)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (102,433)	$  (110,269)
Net loss allocated to other Partners		$    (1,035)	$    (1,114)

* Amounts include $(102,433) and $(110,269) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Series 33 

		2018	2017
Revenues
	Rental	$   316,467	$   352,356
	Interest and other	11,510	12,747
		327,977	365,103
Expenses
	Interest	50,837	59,782
	Depreciation and amortization	69,767	89,646
	Operating expenses	232,835	269,458
		353,439	418,886
NET LOSS		$  (25,462)	$  (53,783)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (25,207)	$  (53,245)
Net loss allocated to other Partners		$     (255)	$     (538)

* Amounts include $(25,207) and $(53,245) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 34

		2018	2017
Revenues
	Rental	$   247,506	$   242,936
	Interest and other	12,600	8,753
		260,106	251,689
Expenses
	Interest	28,958	26,066
	Depreciation and amortization	68,548	68,907
	Operating expenses	185,490	188,617
		282,996	283,590
NET LOSS		$  (22,890)	$  (31,901)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (22,661)	$  (31,582)
Net loss allocated to other Partners		$     (229)	$     (319)

* Amounts include $(22,661) and $(31,582) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 35

		2018	2017
Revenues
	Rental	$   252,467	$   313,246
	Interest and other	14,152	9,606
		266,619	322,852
Expenses
	Interest	41,622	51,614
	Depreciation and amortization	80,578	92,481
	Operating expenses	151,889	185,357
		274,089	329,452
NET LOSS		$   (7,470)	$   (6,600)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (7,395)	$   (6,534)
Net loss allocated to other Partners		$      (75)	$      (66)

* Amounts include $(7,395) and $(6,534) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 36

		2018	2017
Revenues
	Rental	$   165,386	$   161,046
	Interest and other	4,998	4,589
		170,384	165,635
Expenses
	Interest	30,331	32,208
	Depreciation and amortization	42,255	42,278
	Operating expenses	120,885	124,116
		193,471	198,602
NET LOSS		$  (23,087)	$  (32,967)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (22,856)	$  (32,637)
Net loss allocated to other Partners		$     (231)	$     (330)

* Amounts include $(22,856) and $(32,637) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 37

		2018	2017
Revenues
	Rental	$   185,681	$   203,958
	Interest and other	19,036	20,176
		204,717	224,134
Expenses
	Interest	31,027	32,077
	Depreciation and amortization	57,825	69,701
	Operating expenses	133,661	158,294
		222,513	260,072
NET LOSS		$  (17,796)	$  (35,938)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (17,618)	$  (35,579)
Net loss allocated to other Partners		$     (178)	$     (359)

* Amounts include $(17,618) and $(35,579) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 38

		2018	2017
Revenues
	Rental	$   405,363	$   443,713
	Interest and other	8,187	5,418
		413,550	449,131
Expenses
	Interest	55,620	61,781
	Depreciation and amortization	77,757	93,157
	Operating expenses	282,404	320,254
		415,781	475,192
NET LOSS		$   (2,231)	$  (26,061)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$   (2,209)	$  (25,800)
Net loss allocated to other Partners		$      (22)	$     (261)

* Amounts include $(2,209) and $(25,800) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 39

		2018	2017
Revenues
	Rental	$         -	$    42,108
	Interest and other	-	-
		-	42,108
Expenses
	Interest	-	1,559
	Depreciation and amortization	-	7,273
	Operating expenses	-	36,625
		-	45,457
NET LOSS		$         -	$   (3,349)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$         -	$   (3,316)
Net loss allocated to other Partners		$         -	$      (33)

* Amounts include $- and $(3,316) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Series 40

		2018	2017
Revenues
	Rental	$   536,374	$   622,783
	Interest and other	14,697	14,318
		551,071	637,101
Expenses
	Interest	99,916	135,162
	Depreciation and amortization	149,818	177,693
	Operating expenses	427,291	490,299
		677,025	803,154
NET LOSS		$ (125,954)	$ (166,053)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (124,694)	$ (164,392)
Net loss allocated to other Partners		$   (1,260)	$   (1,661)

* Amounts include $(124,694) and $(164,392) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 41

		2018	2017
Revenues
	Rental	$   907,775	$ 1,349,185
	Interest and other	14,831	28,304
		922,606	1,377,489
Expenses
	Interest	170,013	284,800
	Depreciation and amortization	192,377	319,024
	Operating expenses	611,831	931,604
		974,221	1,535,428
NET LOSS		$  (51,615)	$ (157,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (51,099)	$ (156,360)
Net loss allocated to other Partners		$     (516)	$   (1,579)

* Amounts include $(51,099) and $(156,360) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Series 42

		2018	2017
Revenues
	Rental	$   641,667	$   911,872
	Interest and other	24,793	38,065
		666,460	949,937
Expenses
	Interest	129,560	197,800
	Depreciation and amortization	194,985	280,472
	Operating expenses	474,725	680,302
		799,270	1,158,574
NET LOSS		$ (132,810)	$ (208,637)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (131,482)	$ (206,551)
Net loss allocated to other Partners		$   (1,328)	$   (2,086)

* Amounts include $(131,482) and $(206,551) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Series 43

		2018	2017
Revenues
	Rental	$ 1,046,749	$ 1,309,676
	Interest and other	45,181	65,602
		1,091,930	1,375,278
Expenses
	Interest	128,333	205,990
	Depreciation and amortization	347,594	431,594
	Operating expenses	788,238	1,010,064
		1,264,165	1,647,648
NET LOSS		$ (172,235)	$ (272,370)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (170,513)	$ (269,646)
Net loss allocated to other Partners		$   (1,722)	$   (2,724)

* Amounts include $(170,513) and $(269,646) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 44

		2018	2017
Revenues
	Rental	$  1,490,507	$  1,465,870
	Interest and other	40,927	45,471
		1,531,434	1,511,341
Expenses
	Interest	347,788	350,607
	Depreciation and amortization	338,087	341,954
	Operating expenses	855,541	878,513
		1,541,416	1,571,074
NET LOSS		$    (9,982)	$   (59,733)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$    (9,882)	$   (59,136)
Net loss allocated to other Partners		$      (100)	$      (597)

* Amounts include $(9,882) and $(59,136) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Series 45

		2018	2017
Revenues
	Rental	$  1,772,558	$  1,810,088
	Interest and other	40,396	36,785
		1,812,954	1,846,873
Expenses
	Interest	227,709	242,578
	Depreciation and amortization	472,229	492,220
	Operating expenses	1,306,696	1,310,510
		2,006,634	2,045,308
NET LOSS		$  (193,680)	$  (198,435)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (191,743)	$  (196,451)
Net loss allocated to other Partners		$    (1,937)	$    (1,984)

* Amounts include $(191,743) and $(196,451) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

Series 46

		2018	2017
Revenues
	Rental	$ 1,180,133	$ 1,154,956
	Interest and other	35,800	25,096
		1,215,933	1,180,052
Expenses
	Interest	234,954	235,971
	Depreciation and amortization	283,501	285,890
	Operating expenses	741,362	752,260
		1,259,817	1,274,121
NET LOSS		$  (43,884)	$  (94,069)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$  (43,445)	$  (93,128)
Net loss allocated to other Partners		$     (439)	$     (941)

* Amounts include $(43,445) and $(93,128) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

XML

ORGANIZATION (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Capital Unit [Line Items]
BACs Sold	83,651,080	83,651,080
Series Twenty [Member]
Capital Unit [Line Items]
Closing Date	Jun. 24, 1994
BACs Sold	3,866,700	3,866,700
Equity Raised	$ 38,667,000
Series Twenty One [Member]
Capital Unit [Line Items]
Closing Date	Dec. 31, 1994
BACs Sold	1,892,700	1,892,700
Equity Raised	$ 18,927,000
Series Twenty Two [Member]
Capital Unit [Line Items]
Closing Date	Dec. 28, 1994
BACs Sold	2,564,400	2,564,400
Equity Raised	$ 25,644,000
Series Twenty Three [Member]
Capital Unit [Line Items]
Closing Date	Jun. 23, 1995
BACs Sold	3,336,727	3,336,727
Equity Raised	$ 33,366,000
Series Twenty Four [Member]
Capital Unit [Line Items]
Closing Date	Sep. 22, 1995
BACs Sold	2,169,878	2,169,878
Equity Raised	$ 21,697,000
Series Twenty Five [Member]
Capital Unit [Line Items]
Closing Date	Dec. 29, 1995
BACs Sold	3,026,109	3,026,109
Equity Raised	$ 30,248,000
Series Twenty Six [Member]
Capital Unit [Line Items]
Closing Date	Jun. 25, 1996
BACs Sold	3,995,900	3,995,900
Equity Raised	$ 39,959,000
Series Twenty Seven [Member]
Capital Unit [Line Items]
Closing Date	Sep. 17, 1996
BACs Sold	2,460,700	2,460,700
Equity Raised	$ 24,607,000
Series Twenty Eight [Member]
Capital Unit [Line Items]
Closing Date	Jan. 29, 1997
BACs Sold	4,000,738	4,000,738
Equity Raised	$ 39,999,000
Series Twenty Nine [Member]
Capital Unit [Line Items]
Closing Date	Jun. 10, 1997
BACs Sold	3,991,800	3,991,800
Equity Raised	$ 39,918,000
Series Thirty [Member]
Capital Unit [Line Items]
Closing Date	Sep. 10, 1997
BACs Sold	2,651,000	2,651,000
Equity Raised	$ 26,490,750
Series Thirty One [Member]
Capital Unit [Line Items]
Closing Date	Jan. 18, 1998
BACs Sold	4,417,857	4,417,857
Equity Raised	$ 44,057,750
Series Thirty Two [Member]
Capital Unit [Line Items]
Closing Date	Jun. 23, 1998
BACs Sold	4,754,198	4,754,198
Equity Raised	$ 47,431,000
Series Thirty Three [Member]
Capital Unit [Line Items]
Closing Date	Sep. 21, 1998
BACs Sold	2,636,533	2,636,533
Equity Raised	$ 26,362,000
Series Thirty Four [Member]
Capital Unit [Line Items]
Closing Date	Feb. 11, 1999
BACs Sold	3,529,319	3,529,319
Equity Raised	$ 35,273,000
Series Thirty Five [Member]
Capital Unit [Line Items]
Closing Date	Jun. 28, 1999
BACs Sold	3,300,463	3,300,463
Equity Raised	$ 33,004,630
Series Thirty Six [Member]
Capital Unit [Line Items]
Closing Date	Sep. 28, 1999
BACs Sold	2,106,838	2,106,838
Equity Raised	$ 21,068,375
Series Thirty Seven [Member]
Capital Unit [Line Items]
Closing Date	Jan. 28, 2000
BACs Sold	2,512,500	2,512,500
Equity Raised	$ 25,125,000
Series Thirty Eight [Member]
Capital Unit [Line Items]
Closing Date	Jul. 31, 2000
BACs Sold	2,543,100	2,543,100
Equity Raised	$ 25,431,000
Series Thirty Nine [Member]
Capital Unit [Line Items]
Closing Date	Jan. 31, 2001
BACs Sold	2,292,151	2,292,151
Equity Raised	$ 22,921,000
Series Forty [Member]
Capital Unit [Line Items]
Closing Date	Jul. 31, 2001
BACs Sold	2,630,256	2,630,256
Equity Raised	$ 26,269,256
Series Forty One [Member]
Capital Unit [Line Items]
Closing Date	Jan. 31, 2002
BACs Sold	2,891,626	2,891,626
Equity Raised	$ 28,916,260
Series Forty Two [Member]
Capital Unit [Line Items]
Closing Date	Jul. 31, 2002
BACs Sold	2,744,262	2,744,262
Equity Raised	$ 27,442,620
Series Forty Three [Member]
Capital Unit [Line Items]
Closing Date	Dec. 31, 2002
BACs Sold	3,637,987	3,637,987
Equity Raised	$ 36,379,870
Series Forty Four [Member]
Capital Unit [Line Items]
Closing Date	Apr. 30, 2003
BACs Sold	2,701,973	2,701,973
Equity Raised	$ 27,019,730
Series Forty Five [Member]
Capital Unit [Line Items]
Closing Date	Sep. 16, 2003
BACs Sold	4,014,367	4,014,367
Equity Raised	$ 40,143,670
Series Forty Six [Member]
Capital Unit [Line Items]
Closing Date	Dec. 19, 2003
BACs Sold	2,980,998	2,980,998
Equity Raised	$ 29,809,980

XML

ORGANIZATION (Details Textual)	1 Months Ended
	Jul. 31, 2003 shares	Jul. 31, 2002 shares	Jul. 31, 2001 shares	Jul. 31, 2000 shares	Aug. 31, 1999 shares	Apr. 30, 1998 shares	Apr. 30, 1996 shares	Jun. 30, 2018 shares	Mar. 31, 2018 shares	Dec. 31, 1993 shares
Organization And Summary Of Significant Accounting Policy [Line Items]
Limited Partners Capital Account Per Units										10
Units of limited partnership interest, authorized								101,500,000	101,500,000	30,000,000
Limited Partners Capital Account Additional Units Registered For Sale	7,000,000	7,000,000	7,000,000	7,500,000	8,000,000	25,000,000	10,000,000

XML

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Related Party Transaction [Line Items]
Gross Fund Management Fee	$ 517,499	$ 621,828
Series Twenty [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	2,771	5,535
Series Twenty One [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	0	2,719
Series Twenty Two [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	6,426	7,303
Series Twenty Three [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	5,556	5,556
Series Twenty Four [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	10,761	12,588
Series Twenty Five [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	0	5,934
Series Twenty Six [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	15,609	22,545
Series Twenty Seven [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	7,635	14,968
Series Twenty Eight [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	8,844	8,844
Series Twenty Nine [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	15,093	20,546
Series Thirty [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	10,829	16,654
Series Thirty One [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	19,092	21,699
Series Thirty Two [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	22,087	26,370
Series Thirty Three [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	13,318	16,398
Series Thirty Four [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	12,366	12,366
Series Thirty Five [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	10,653	17,481
Series Thirty Six [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	7,626	7,626
Series Thirty Seven [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	10,184	12,501
Series Thirty Eight [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	18,234	18,234
Series Thirty Nine [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	0	1,709
Series Forty [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	26,594	29,766
Series Forty One [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	38,704	53,439
Series Forty Two [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	29,334	42,870
Series Forty Three [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	45,635	57,693
Series Forty Four [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	57,825	57,826
Series Forty Five [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	70,024	70,359
Series Forty Six [Member]
Related Party Transaction [Line Items]
Gross Fund Management Fee	$ 52,299	$ 52,299

XML

RELATED PARTY TRANSACTIONS (Details 1) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Related Party Transaction [Line Items]
Fund management fees paid	$ 2,921,648	$ 1,752,009
Series Twenty [Member]
Related Party Transaction [Line Items]
Fund management fees paid	138,000	0
Series Twenty Three [Member]
Related Party Transaction [Line Items]
Fund management fees paid	200,000	3,550
Series Twenty Four [Member]
Related Party Transaction [Line Items]
Fund management fees paid	10,761	12,588
Series Twenty Five [Member]
Related Party Transaction [Line Items]
Fund management fees paid	0	5,934
Series Twenty Six [Member]
Related Party Transaction [Line Items]
Fund management fees paid	15,609	22,545
Series Twenty Seven [Member]
Related Party Transaction [Line Items]
Fund management fees paid	7,635	14,968
Series Twenty Eight [Member]
Related Party Transaction [Line Items]
Fund management fees paid	8,844	8,844
Series Twenty Nine [Member]
Related Party Transaction [Line Items]
Fund management fees paid	296,607	0
Series Thirty [Member]
Related Party Transaction [Line Items]
Fund management fees paid	161,021	0
Series Thirty One [Member]
Related Party Transaction [Line Items]
Fund management fees paid	19,092	21,699
Series Thirty Two [Member]
Related Party Transaction [Line Items]
Fund management fees paid	687,880	48,900
Series Thirty Three [Member]
Related Party Transaction [Line Items]
Fund management fees paid	106,940	0
Series Thirty Four [Member]
Related Party Transaction [Line Items]
Fund management fees paid	100,000	242,500
Series Thirty Five [Member]
Related Party Transaction [Line Items]
Fund management fees paid	10,653	409,000
Series Thirty Six [Member]
Related Party Transaction [Line Items]
Fund management fees paid	7,626	622,500
Series Thirty Seven [Member]
Related Party Transaction [Line Items]
Fund management fees paid	200,000	47,411
Series Thirty Eight [Member]
Related Party Transaction [Line Items]
Fund management fees paid	36,468	7,100
Series Thirty Nine [Member]
Related Party Transaction [Line Items]
Fund management fees paid	0	122,100
Series Forty [Member]
Related Party Transaction [Line Items]
Fund management fees paid	150,000	49,000
Series Forty One [Member]
Related Party Transaction [Line Items]
Fund management fees paid	393,872	70,500
Series Forty Two [Member]
Related Party Transaction [Line Items]
Fund management fees paid	29,334	42,870
Series Forty Three [Member]
Related Party Transaction [Line Items]
Fund management fees paid	$ 341,306	$ 0

XML

RELATED PARTY TRANSACTIONS (Details Textual)	3 Months Ended
	Jun. 30, 2018
Related Party Transaction [Line Items]
Percentage Of Annual Management Fee	0.50%

XML

INVESTMENTS IN OPERATING PARTNERSHIPS (Details) - Number	Jun. 30, 2018	Jun. 30, 2017
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	156	205
Series Twenty [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	1	3
Series Twenty One [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	0	2
Series Twenty Two [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	3
Series Twenty Three [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	3
Series Twenty Four [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	5	6
Series Twenty Five [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	0	4
Series Twenty Six [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	8	13
Series Twenty Seven [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	4
Series Twenty Eight [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	4	5
Series Twenty Nine [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	5	8
Series Thirty [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	6
Series Thirty One [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	7	10
Series Thirty Two [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	5	7
Series Thirty Three [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	5
Series Thirty Four [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	4	4
Series Thirty Five [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	2	3
Series Thirty Six [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	3
Series Thirty Seven [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	1	2
Series Thirty Eight [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	3	4
Series Thirty Nine [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	0	1
Series Forty [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	9	10
Series Forty One [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	11	17
Series Forty Two [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	11	15
Series Forty Three [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	16	19
Series Forty Four [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	7	7
Series Forty Five [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	25	27
Series Forty Six [Member]
Number Of Operating Partnerships [Line Items]
Number Of Operating Partnerships	14	14

XML

INVESTMENTS IN OPERATING PARTNERSHIPS (Details 1) - USD ($)	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017
Contributions Payable [Line Items]
Capital contributions payable	$ 176,646	$ 176,746	$ 538,150
Series Twenty Nine [Member]
Contributions Payable [Line Items]
Capital contributions payable	785	885	8,235
Series Thirty [Member]
Contributions Payable [Line Items]
Capital contributions payable	65,176	65,176	65,176
Series Thirty One [Member]
Contributions Payable [Line Items]
Capital contributions payable	66,294	66,294	66,294
Series Thirty Two [Member]
Contributions Payable [Line Items]
Capital contributions payable	1,229	1,229	1,229
Series Thirty Three [Member]
Contributions Payable [Line Items]
Capital contributions payable	0	0	69,154
Series Thirty Seven [Member]
Contributions Payable [Line Items]
Capital contributions payable	0	0	138,438
Series Forty [Member]
Contributions Payable [Line Items]
Capital contributions payable	102	102	102
Series Forty One [Member]
Contributions Payable [Line Items]
Capital contributions payable	0	0	100
Series Forty Two [Member]
Contributions Payable [Line Items]
Capital contributions payable	254	254	73,433
Series Forty Three [Member]
Contributions Payable [Line Items]
Capital contributions payable	26,082	26,082	99,265
Series Forty Five [Member]
Contributions Payable [Line Items]
Capital contributions payable	$ 16,724	$ 16,724	$ 16,724

XML

INVESTMENTS IN OPERATING PARTNERSHIPS (Details 2)	3 Months Ended
	Jun. 30, 2018 USD ($) Number		Jun. 30, 2017 USD ($) Number
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	11		1
Sale of Underlying Operating Partnership | Number	2		3
Partnership Proceeds from Disposition * | $	$ 1,189,217	[1]	$ 4,414,168	[2]
Gain on Disposition | $	$ 1,189,317		4,529,631
Series Twenty [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 155,337	[1]	$ 0
Gain on Disposition | $	155,337
Series Twenty Three [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number			0
Sale of Underlying Operating Partnership | Number			1
Partnership Proceeds from Disposition * | $	$ 0		$ 959,665	[2]
Gain on Disposition | $			959,665
Series Twenty Six [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 10,500	[1]	$ 0
Gain on Disposition | $	10,500
Series Twenty Seven [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number			0
Sale of Underlying Operating Partnership | Number			1
Partnership Proceeds from Disposition * | $	$ 0		$ 3,291,567	[2]
Gain on Disposition | $			3,291,567
Series Twenty Eight [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 8,500	[1]	0
Gain on Disposition | $	$ 8,500
Series Twenty Nine [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	2
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 122,994	[1]	$ 0
Gain on Disposition | $	$ 123,094
Series Thirty [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	2		1
Sale of Underlying Operating Partnership | Number	0		1
Partnership Proceeds from Disposition * | $	$ 24,006	[1]	$ 148,430	[2]
Gain on Disposition | $	$ 24,006		263,893
Series Thirty One [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 7,500	[1]	$ 0
Gain on Disposition | $	$ 7,500
Series Thirty Two [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	0		0
Sale of Underlying Operating Partnership | Number	1		0
Partnership Proceeds from Disposition * | $	$ 487,880	[1]	$ 14,506	[2]
Gain on Disposition | $	$ 487,880		14,506
Series Thirty Eight [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 7,000	[1]	0
Gain on Disposition | $	$ 7,000
Series Forty One [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	0
Sale of Underlying Operating Partnership | Number	1
Partnership Proceeds from Disposition * | $	$ 14,000	[1]	0
Gain on Disposition | $	$ 14,000
Series Forty Three [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 9,000	[1]	0
Gain on Disposition | $	$ 9,000
Series Forty Five [Member]
Dispositions By Series Disclosure [Line Items]
Operating Partnership Interest Transferred | Number	1
Sale of Underlying Operating Partnership | Number	0
Partnership Proceeds from Disposition * | $	$ 342,500	[1]	$ 0
Gain on Disposition | $	$ 342,500

[1] Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29.

[2] Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30.

XML

INVESTMENTS IN OPERATING PARTNERSHIPS (Details 3) - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Revenues
Rental		$ 11,545,111	$ 14,029,090
Interest and other		360,002	446,491
Operating Partnerships Revenues		11,905,113	14,475,581
Expenses
Interest		1,886,045	2,382,891
Depreciation and amortization		3,000,974	3,780,719
Operating expenses		8,355,030	10,381,532
Operating Partnerships Total Expenses		13,242,049	16,545,142
NET LOSS		(1,336,936)	(2,069,561)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[1]	(1,323,567)	(2,048,864)
Net loss allocated to other Partners		(13,369)	(20,697)
Series Twenty [Member]
Revenues
Rental		69,740	133,471
Interest and other		4,960	8,457
Operating Partnerships Revenues		74,700	141,928
Expenses
Interest		5,866	12,868
Depreciation and amortization		14,208	36,093
Operating expenses		62,258	117,558
Operating Partnerships Total Expenses		82,332	166,519
NET LOSS		(7,632)	(24,591)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[2]	(7,556)	(24,345)
Net loss allocated to other Partners		(76)	(246)
Series Twenty One [Member]
Revenues
Rental		0	123,389
Interest and other		0	860
Operating Partnerships Revenues		0	124,249
Expenses
Interest		0	9,916
Depreciation and amortization		0	20,720
Operating expenses		0	98,300
Operating Partnerships Total Expenses		0	128,936
NET LOSS		0	(4,687)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[3]	0	(4,640)
Net loss allocated to other Partners		0	(47)
Series Twenty Two [Member]
Revenues
Rental		127,504	127,528
Interest and other		3,212	4,554
Operating Partnerships Revenues		130,716	132,082
Expenses
Interest		10,877	11,342
Depreciation and amortization		27,270	27,089
Operating expenses		107,889	136,469
Operating Partnerships Total Expenses		146,036	174,900
NET LOSS		(15,320)	(42,818)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[4]	(15,167)	(42,390)
Net loss allocated to other Partners		(153)	(428)
Series Twenty Three [Member]
Revenues
Rental		102,185	105,624
Interest and other		4,210	5,298
Operating Partnerships Revenues		106,395	110,922
Expenses
Interest		7,445	6,020
Depreciation and amortization		22,548	22,449
Operating expenses		84,644	87,804
Operating Partnerships Total Expenses		114,637	116,273
NET LOSS		(8,242)	(5,351)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[5]	(8,160)	(5,297)
Net loss allocated to other Partners		(82)	(54)
Series Twenty Four [Member]
Revenues
Rental		214,201	256,294
Interest and other		6,867	5,121
Operating Partnerships Revenues		221,068	261,415
Expenses
Interest		17,395	22,563
Depreciation and amortization		60,969	70,348
Operating expenses		171,220	206,766
Operating Partnerships Total Expenses		249,584	299,677
NET LOSS		(28,516)	(38,262)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[6]	(28,231)	(37,879)
Net loss allocated to other Partners		(285)	(383)
Series Twenty Five [Member]
Revenues
Rental		0	214,392
Interest and other		0	5,238
Operating Partnerships Revenues		0	219,630
Expenses
Interest		0	20,184
Depreciation and amortization		0	44,177
Operating expenses		0	164,759
Operating Partnerships Total Expenses		0	229,120
NET LOSS		0	(9,490)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[7]	0	(9,395)
Net loss allocated to other Partners		0	(95)
Series Twenty Six [Member]
Revenues
Rental		318,677	543,233
Interest and other		3,828	14,389
Operating Partnerships Revenues		322,505	557,622
Expenses
Interest		55,837	76,663
Depreciation and amortization		77,703	143,109
Operating expenses		268,413	462,402
Operating Partnerships Total Expenses		401,953	682,174
NET LOSS		(79,448)	(124,552)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[8]	(78,654)	(123,306)
Net loss allocated to other Partners		(794)	(1,246)
Series Twenty Seven [Member]
Revenues
Rental		165,151	201,149
Interest and other		3,247	2,811
Operating Partnerships Revenues		168,398	203,960
Expenses
Interest		8,310	11,753
Depreciation and amortization		44,462	60,321
Operating expenses		137,679	164,799
Operating Partnerships Total Expenses		190,451	236,873
NET LOSS		(22,053)	(32,913)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[9]	(21,832)	(32,584)
Net loss allocated to other Partners		(221)	(329)
Series Twenty Eight [Member]
Revenues
Rental		205,590	250,570
Interest and other		11,285	6,318
Operating Partnerships Revenues		216,875	256,888
Expenses
Interest		33,284	40,758
Depreciation and amortization		45,881	56,444
Operating expenses		170,438	195,958
Operating Partnerships Total Expenses		249,603	293,160
NET LOSS		(32,728)	(36,272)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[10]	(32,401)	(35,909)
Net loss allocated to other Partners		(327)	(363)
Series Twenty Nine [Member]
Revenues
Rental		302,956	437,102
Interest and other		12,746	42,050
Operating Partnerships Revenues		315,702	479,152
Expenses
Interest		63,618	98,351
Depreciation and amortization		66,659	123,879
Operating expenses		252,989	388,803
Operating Partnerships Total Expenses		383,266	611,033
NET LOSS		(67,564)	(131,881)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[11]	(66,888)	(130,562)
Net loss allocated to other Partners		(676)	(1,319)
Series Thirty [Member]
Revenues
Rental		203,637	257,521
Interest and other		5,858	6,320
Operating Partnerships Revenues		209,495	263,841
Expenses
Interest		19,972	23,407
Depreciation and amortization		48,004	72,625
Operating expenses		169,158	202,203
Operating Partnerships Total Expenses		237,134	298,235
NET LOSS		(27,639)	(34,394)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[12]	(27,363)	(34,050)
Net loss allocated to other Partners		(276)	(344)
Series Thirty One [Member]
Revenues
Rental		301,590	426,560
Interest and other		10,945	12,249
Operating Partnerships Revenues		312,535	438,809
Expenses
Interest		22,551	42,067
Depreciation and amortization		108,367	143,308
Operating expenses		296,847	378,566
Operating Partnerships Total Expenses		427,765	563,941
NET LOSS		(115,230)	(125,132)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[13]	(114,078)	(123,881)
Net loss allocated to other Partners		(1,152)	(1,251)
Series Thirty Two [Member]
Revenues
Rental		385,247	568,464
Interest and other		5,736	17,896
Operating Partnerships Revenues		390,983	586,360
Expenses
Interest		64,222	89,004
Depreciation and amortization		109,582	167,867
Operating expenses		320,647	440,872
Operating Partnerships Total Expenses		494,451	697,743
NET LOSS		(103,468)	(111,383)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[14]	(102,433)	(110,269)
Net loss allocated to other Partners		(1,035)	(1,114)
Series Thirty Three [Member]
Revenues
Rental		316,467	352,356
Interest and other		11,510	12,747
Operating Partnerships Revenues		327,977	365,103
Expenses
Interest		50,837	59,782
Depreciation and amortization		69,767	89,646
Operating expenses		232,835	269,458
Operating Partnerships Total Expenses		353,439	418,886
NET LOSS		(25,462)	(53,783)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[15]	(25,207)	(53,245)
Net loss allocated to other Partners		(255)	(538)
Series Thirty Four [Member]
Revenues
Rental		247,506	242,936
Interest and other		12,600	8,753
Operating Partnerships Revenues		260,106	251,689
Expenses
Interest		28,958	26,066
Depreciation and amortization		68,548	68,907
Operating expenses		185,490	188,617
Operating Partnerships Total Expenses		282,996	283,590
NET LOSS		(22,890)	(31,901)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[16]	(22,661)	(31,582)
Net loss allocated to other Partners		(229)	(319)
Series Thirty Five [Member]
Revenues
Rental		252,467	313,246
Interest and other		14,152	9,606
Operating Partnerships Revenues		266,619	322,852
Expenses
Interest		41,622	51,614
Depreciation and amortization		80,578	92,481
Operating expenses		151,889	185,357
Operating Partnerships Total Expenses		274,089	329,452
NET LOSS		(7,470)	(6,600)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[17]	(7,395)	(6,534)
Net loss allocated to other Partners		(75)	(66)
Series Thirty Six [Member]
Revenues
Rental		165,386	161,046
Interest and other		4,998	4,589
Operating Partnerships Revenues		170,384	165,635
Expenses
Interest		30,331	32,208
Depreciation and amortization		42,255	42,278
Operating expenses		120,885	124,116
Operating Partnerships Total Expenses		193,471	198,602
NET LOSS		(23,087)	(32,967)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[18]	(22,856)	(32,637)
Net loss allocated to other Partners		(231)	(330)
Series Thirty Seven [Member]
Revenues
Rental		185,681	203,958
Interest and other		19,036	20,176
Operating Partnerships Revenues		204,717	224,134
Expenses
Interest		31,027	32,077
Depreciation and amortization		57,825	69,701
Operating expenses		133,661	158,294
Operating Partnerships Total Expenses		222,513	260,072
NET LOSS		(17,796)	(35,938)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[19]	(17,618)	(35,579)
Net loss allocated to other Partners		(178)	(359)
Series Thirty Eight [Member]
Revenues
Rental		405,363	443,713
Interest and other		8,187	5,418
Operating Partnerships Revenues		413,550	449,131
Expenses
Interest		55,620	61,781
Depreciation and amortization		77,757	93,157
Operating expenses		282,404	320,254
Operating Partnerships Total Expenses		415,781	475,192
NET LOSS		(2,231)	(26,061)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[20]	(2,209)	(25,800)
Net loss allocated to other Partners		(22)	(261)
Series Thirty Nine [Member]
Revenues
Rental		0	42,108
Interest and other		0	0
Operating Partnerships Revenues		0	42,108
Expenses
Interest		0	1,559
Depreciation and amortization		0	7,273
Operating expenses		0	36,625
Operating Partnerships Total Expenses		0	45,457
NET LOSS		0	(3,349)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[21]	0	(3,316)
Net loss allocated to other Partners		0	(33)
Series Forty [Member]
Revenues
Rental		536,374	622,783
Interest and other		14,697	14,318
Operating Partnerships Revenues		551,071	637,101
Expenses
Interest		99,916	135,162
Depreciation and amortization		149,818	177,693
Operating expenses		427,291	490,299
Operating Partnerships Total Expenses		677,025	803,154
NET LOSS		(125,954)	(166,053)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[22]	(124,694)	(164,392)
Net loss allocated to other Partners		(1,260)	(1,661)
Series Forty One [Member]
Revenues
Rental		907,775	1,349,185
Interest and other		14,831	28,304
Operating Partnerships Revenues		922,606	1,377,489
Expenses
Interest		170,013	284,800
Depreciation and amortization		192,377	319,024
Operating expenses		611,831	931,604
Operating Partnerships Total Expenses		974,221	1,535,428
NET LOSS		(51,615)	(157,939)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[23]	(51,099)	(156,360)
Net loss allocated to other Partners		(516)	(1,579)
Series Forty Two [Member]
Revenues
Rental		641,667	911,872
Interest and other		24,793	38,065
Operating Partnerships Revenues		666,460	949,937
Expenses
Interest		129,560	197,800
Depreciation and amortization		194,985	280,472
Operating expenses		474,725	680,302
Operating Partnerships Total Expenses		799,270	1,158,574
NET LOSS		(132,810)	(208,637)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[24]	(131,482)	(206,551)
Net loss allocated to other Partners		(1,328)	(2,086)
Series Forty Three [Member]
Revenues
Rental		1,046,749	1,309,676
Interest and other		45,181	65,602
Operating Partnerships Revenues		1,091,930	1,375,278
Expenses
Interest		128,333	205,990
Depreciation and amortization		347,594	431,594
Operating expenses		788,238	1,010,064
Operating Partnerships Total Expenses		1,264,165	1,647,648
NET LOSS		(172,235)	(272,370)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[25]	(170,513)	(269,646)
Net loss allocated to other Partners		(1,722)	(2,724)
Series Forty Four [Member]
Revenues
Rental		1,490,507	1,465,870
Interest and other		40,927	45,471
Operating Partnerships Revenues		1,531,434	1,511,341
Expenses
Interest		347,788	350,607
Depreciation and amortization		338,087	341,954
Operating expenses		855,541	878,513
Operating Partnerships Total Expenses		1,541,416	1,571,074
NET LOSS		(9,982)	(59,733)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[26]	(9,882)	(59,136)
Net loss allocated to other Partners		(100)	(597)
Series Forty Five [Member]
Revenues
Rental		1,772,558	1,810,088
Interest and other		40,396	36,785
Operating Partnerships Revenues		1,812,954	1,846,873
Expenses
Interest		227,709	242,578
Depreciation and amortization		472,229	492,220
Operating expenses		1,306,696	1,310,510
Operating Partnerships Total Expenses		2,006,634	2,045,308
NET LOSS		(193,680)	(198,435)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[27]	(191,743)	(196,451)
Net loss allocated to other Partners		(1,937)	(1,984)
Series Forty Six [Member]
Revenues
Rental		1,180,133	1,154,956
Interest and other		35,800	25,096
Operating Partnerships Revenues		1,215,933	1,180,052
Expenses
Interest		234,954	235,971
Depreciation and amortization		283,501	285,890
Operating expenses		741,362	752,260
Operating Partnerships Total Expenses		1,259,817	1,274,121
NET LOSS		(43,884)	(94,069)
Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	[28]	(43,445)	(93,128)
Net loss allocated to other Partners		$ (439)	$ (941)

[1] Amounts include $(1,323,567) and $(2,048,864) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[2] Amounts include $(7,556) and $(24,345) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[3] Amounts include $- and $(4,640) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[4] Amounts include $(15,167) and $(42,390) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[5] Amounts include $(8,160) and $(5,297) for 2018 and 2017, of net loss not recognized under the equity method of accounting.

[6] Amounts include $(28,231) and $(37,879) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[7] Amounts include $- and $(9,395) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[8] Amounts include $(78,654) and $(123,306) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[9] Amounts include $(21,832) and $(32,584) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[10] Amounts include $(32,401) and $(35,909) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[11] Amounts include $(66,888) and $(130,562) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[12] Amounts include $(27,363) and $(34,050) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[13] Amounts include $(114,078) and $(123,881) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[14] Amounts include $(102,433) and $(110,269) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[15] Amounts include $(25,207) and $(53,245) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[16] Amounts include $(22,661) and $(31,582) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[17] Amounts include $(7,395) and $(6,534) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[18] Amounts include $(22,856) and $(32,637) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[19] Amounts include $(17,618) and $(35,579) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[20] Amounts include $(2,209) and $(25,800) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[21] Amounts include $- and $(3,316) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[22] Amounts include $(124,694) and $(164,392) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[23] Amounts include $(51,099) and $(156,360) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[24] Amounts include $(131,482) and $(206,551) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[25] Amounts include $(170,513) and $(269,646) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[26] Amounts include $(9,882) and $(59,136) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[27] Amounts include $(191,743) and $(196,451) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

[28] Amounts include $(43,445) and $(93,128) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

XML

INVESTMENTS IN OPERATING PARTNERSHIPS (Details Textual) - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		$ (1,323,567)		$ (2,048,864)
Series Twenty [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(7,556)		(24,345)
Series Twenty One [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		0		(4,640)
Series Twenty Two [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(15,167)		(42,390)
Series Twenty Three [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(8,160)		(5,297)
Series Twenty Four [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(28,231)		(37,879)
Series Twenty Five [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		0		(9,395)
Series Twenty Six [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(78,654)		(123,306)
Series Twenty Seven [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(21,832)		(32,584)
Series Twenty Eight [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(32,401)		(35,909)
Series Twenty Nine [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(66,888)		(130,562)
Write Off Of Capital Contribution Payable	$ 100
Series Thirty [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(27,363)		(34,050)
Fund Receivable			$ 75,500
Write Off Of Capital Contribution Payable			$ 39,963
Series Thirty One [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(114,078)		(123,881)
Series Thirty Two [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(102,433)		(110,269)
Series Thirty Three [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(25,207)		(53,245)
Series Thirty Four [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(22,661)		(31,582)
Series Thirty Five [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(7,395)		(6,534)
Series Thirty Six [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(22,856)		(32,637)
Series Thirty Seven [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(17,618)		(35,579)
Series Thirty Eight [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(2,209)		(25,800)
Series Thirty Nine [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		0		(3,316)
Series Forty [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(124,694)		(164,392)
Series Forty One [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(51,099)		(156,360)
Series Forty Two [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(131,482)		(206,551)
Series Forty Three [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(170,513)		(269,646)
Series Forty Four [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(9,882)		(59,136)
Series Forty Five [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		(191,743)		(196,451)
Series Forty Six [Member]
Investments In Operating Limited Partnerships [Line Items]
Income Loss Not Recognized Under Equity Method Accounting		$ (43,445)		$ (93,128)

XML

SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member]	3 Months Ended
	Sep. 30, 2018 USD ($)
Subsequent Event [Line Items]
Estimated Cash Proceeds To Operating Partnership	$ 42,000
Estimated Gain On The Sale Of The Operating Partnerships	$ 39,500