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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues,    
Other [1]   $ 300
Total revenues [1]   300
Expenses    
General and administrative $ 448,702 246,292 [1]
General and administrative-related parties 281,597 305,696 [1]
Total expenses 730,299 551,988 [1]
Loss from operations (730,299) (551,688) [1]
Income from discontinued operations 5,360,144 10,762,208 [1]
Net income 4,629,845 10,210,520 [1]
Less: net loss (income) attributable to noncontrolling interests from discontinued operations 131,772 (3,527,228) [1]
Net income attributable to Independence Tax Credit Plus L.P. IV 4,761,617 6,683,292 [1]
Loss from operations – limited partners (722,996) (546,171) [1]
Income from discontinued operations – limited partners 5,436,997 7,162,630 [1]
Net income – limited partners $ 4,714,001 $ 6,616,459 [1]
Number of BACs outstanding 45,844 45,844 [1]
Loss from operations- limited partners- per weighted average BAC $ (15.77) $ (11.91) [1]
Income from discontinued operations- limited partners- per weighted average BAC 118.60 156.24 [1]
Net income - limited partners- per weighted average BAC $ 102.83 $ 144.33 [1]
[1] Reclassified for comparative purposes.