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Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Revenues [Abstract]        
Rental income $ 832,805 $ 833,943 [1] $ 2,576,243 $ 2,550,931 [1]
Other Income 12,429 9,639 [1] 40,983 39,518 [1]
Revenues 845,234 843,582 [1] 2,617,226 2,590,449 [1]
Operating Expenses [Abstract]        
General and administrative 229,387 286,057 [1] 900,994 799,110 [1]
General and administrative-related parties 112,834 109,816 [1] 380,996 426,180 [1]
Repairs and maintenance 70,922 192,140 [1] 372,127 454,770 [1]
Operating 113,555 109,703 [1] 353,428 343,785 [1]
Real estate taxes 25,118 24,712 [1] 75,539 73,688 [1]
Insurance 31,667 30,436 [1] 97,274 92,615 [1]
Financial, principally interest 232,254 219,083 [1] 638,891 631,408 [1]
Change in fair value of rate swap (10,000) (3,000) [1] (25,000) (2,000) [1]
Depreciation and amortization 50,213 146,582 [1] 168,734 439,745 [1]
Total Expenses From Operations 855,950 1,115,529 [1] 2,962,983 3,259,301 [1]
Loss from Operations (10,716) (271,947) [1] (345,757) (668,852) [1]
Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operations Before Income Tax 124,383 2,398,671 [1] 170,327 5,361,145 [1]
Net Income 113,667 2,126,724 [1] (175,430) 4,692,293 [1]
Income Loss From Continuing Operations Attributable To Noncontrolling Entity 817 (117) [1] (892) (320) [1]
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest (865,019) 628,344 [1] 865,010 (1,089,405) [1]
Net Income Loss Attributable To Noncontrolling Interest 864,202 (628,227) [1] 864,118 (1,089,725) [1]
Net Income Loss Attributable To Independence Tax Credit Plus L.P. IV 977,869 1,498,497 [1] 688,688 3,602,568 [1]
Loss From Operations Limited Partners (11,417) (269,112) [1] (343,183) (662,480) [1]
Income (loss) limited partners from discontinued operations 979,508 1,752,624 [1] 1,024,984 4,229,022 [1]
Net Income Loss Allocated To Limited Partners $ 968,091 $ 1,483,512 [1] $ 681,801 $ 3,566,542 [1]
Number Of BACs Outstanding 45,844 45,844 [1] 45,844 45,844 [1]
Loss From Operations Per BAC (0.25) (5.87) [1] (7.49) (14.45) [1]
Income Loss From Discontinued Operations Per BAC 21.36 38.23 [1] 22.36 92.25 [1]
Net Income Loss Per BAC 21.11 32.36 [1] 14.87 77.80 [1]
[1] * Reclassified for comparative purposes.