Taxable Net Income (Table)

12 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Reconciliation of net loss to income tax loss

	Years Ended March 31,
	2017		2016
Net income attributable to Independence Tax Credit Plus L.P. IV	$	4,761,617	$	6,683,292
Differences between depreciation and amortization expense for financial reporting purposes and income tax purposes		(568,750)		(876,364)
Differences resulting from Partnership having a different fiscal year for tax and financial reporting purposes		—		708
Tax exempt interest income		(10)		(18)
Difference between gain on sale  for financial reporting purposes and gain on sale for income tax purposes		(10,010,436)		(4,843,016)
Other, including accruals for financial reporting purposes not deductible for tax purposes until paid		1,234,917		1,373,131
Net (loss) income per income tax return	$	(4,582,662)	$	2,337,733