Exhibit 13

 

FINANCIAL STATEMENTS AND

REPORT OF INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM

 

BOSTON CAPITAL TAX CREDIT FUND IV L.P. -

SERIES 20 THROUGH SERIES 46

 

MARCH 31, 2017 AND 2016

 

 

Boston Capital Tax Credit Fund IV L.P. -

Series 20 through Series 46

 

TABLE OF CONTENTS

 

	PAGE
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-3
FINANCIAL STATEMENTS
BALANCE SHEETS	F-4
STATEMENTS OF OPERATIONS	F-32
STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT)	F-60
STATEMENTS OF CASH FLOWS	F-67
NOTES TO FINANCIAL STATEMENTS	F-95

 

Schedules not listed are omitted because of the absence of the conditions under which they are required or because the information is included in the financial statements or the notes thereto.

 

 

Report of Independent Registered Public Accounting Firm

 

To the Partners

Boston Capital Tax Credit Fund IV L.P.

 

We have audited the accompanying balance sheets of Boston Capital Tax Credit Fund IV L.P. - Series 20 through Series 46 (the "Partnership"), in total and for each series, as of March 31, 2017 and 2016, and the related statements of operations, changes in partners' capital (deficit) and cash flows for the total Partnership and for each series for each of the years in the two-year period ended March 31, 2017. The Partnership's management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Partnership is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Partnership's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Boston Capital Tax Credit Fund IV L.P. - Series 20 through Series 46, in total and for each series, as of March 31, 2017 and 2016, and the results of its operations and its cash flows for the total Partnership and for each series for each of the years in the two-year period ended March 31, 2017, in conformity with accounting principles generally accepted in the United States of America.

 

/s/ CohnReznick LLP
COHNREZNICK LLP

 

Bethesda, Maryland

June 23, 2017

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS

 

March 31, 2017 and 2016

 

		Total
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			27,209,997				21,728,069
Notes receivable			22,790				22,790
Other assets			164,773				164,773
		$	27,397,560			$	21,915,632
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	697,432			$	685,806
Accounts payable – affiliates			39,637,826				49,270,814
Capital contributions payable			578,113				578,113
			40,913,371				50,534,733
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 83,651,080 issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 83,651,080 issued and 83,310,666 and  83,428,546 outstanding at March 31, 2017 and 2016, respectively.			(6,338,126	)			(21,290,383	)
General partner			(7,177,685	)			(7,328,718	)
			(13,515,811	)			(28,619,101	)
		$	27,397,560			$	21,915,632

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 20
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			271,060				180,896
Notes receivable			-				-
Other assets			-				-
		$	271,060			$	180,896
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			1,466,902				1,442,059
Capital contributions payable			-				-
			1,466,902				1,442,059
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,866,700  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,866,700 issued and 3,833,200 and 3,843,500 outstanding at March 31, 2017 and 2016, respectively.			(875,631	)			(940,299	)
General partner			(320,211	)			(320,864	)
			(1,195,842	)			(1,261,163	)
		$	271,060			$	180,896

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 21
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			241,102				425,168
Notes receivable			-				-
Other assets			-				-
		$	241,102			$	425,168
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			1,321,237				1,460,365
Capital contributions payable			-				-
			1,321,237				1,460,365
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 1,892,700  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 1,892,700 issued and 1,879,500 and 1,881,000 outstanding at March 31, 2017 and 2016, respectively.			(907,383	)			(862,894	)
General partner			(172,752	)			(172,303	)
			(1,080,135	)			(1,035,197	)
		$	241,102			$	425,168

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 22
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			252,064				295,650
Notes receivable			-				-
Other assets			-				-
		$	252,064			$	295,650
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			2,848,897				2,819,689
Capital contributions payable			-				-
			2,848,897				2,819,689
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,564,400  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,564,400 issued and 2,557,045 and 2,559,800 outstanding at March 31, 2017 and 2016, respectively.			(2,351,781	)			(2,279,715	)
General partner			(245,052	)			(244,324	)
			(2,596,833	)			(2,524,039	)
		$	252,064			$	295,650

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 23
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			659,167				219,677
Notes receivable			-				-
Other assets			-				-
		$	659,167			$	219,677
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			2,089,674				2,052,312
Capital contributions payable			-				-
			2,089,674				2,052,312
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,336,727  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,336,727 issued and 3,314,827 and 3,323,327 outstanding at March 31, 2017 and 2016, respectively.			(1,131,355	)			(1,529,462	)
General partner			(299,152	)			(303,173	)
			(1,430,507	)			(1,832,635	)
		$	659,167			$	219,677

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 24
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			427,181				502,552
Notes receivable			-				-
Other assets			-				-
		$	427,181			$	502,552
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			-				-
Capital contributions payable			-				-
			-				-
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,169,878  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,169,878 issued and 2,154,253 and 2,158,878 outstanding at March 31, 2017 and 2016, respectively.			602,161				676,778
General partner			(174,980	)			(174,226	)
			427,181				502,552
		$	427,181			$	502,552

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 25
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			344,461				395,797
Notes receivable			-				-
Other assets			1,250				1,250
		$	345,711			$	397,047
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			-				-
Capital contributions payable			-				-
			-				-
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,026,109  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,026,109 issued and 3,016,809 and 3,020,309 outstanding at March 31, 2017 and 2016, respectively.			565,870				616,693
General partner			(220,159	)			(219,646	)
			345,711				397,047
		$	345,711			$	397,047

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 26
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			677,679				809,362
Notes receivable			-				-
Other assets			-				-
		$	677,679			$	809,362
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	4,960
Accounts payable - affiliates			-				-
Capital contributions payable			-				-
			-				4,960
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,995,900  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,995,900 issued and 3,977,000 and 3,983,600 outstanding at March 31, 2017 and 2016, respectively.			989,245				1,114,701
General partner			(311,566	)			(310,299	)
			677,679				804,402
		$	677,679			$	809,362

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 27
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			3,606,473				899,636
Notes receivable			-				-
Other assets			-				-
		$	3,606,473			$	899,636
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	31,673			$	-
Accounts payable - affiliates			-				-
Capital contributions payable			-				-
			31,673				-
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,460,700  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,460,700 issued and 2,446,400 and 2,453,500 outstanding at March 31, 2017 and 2016, respectively.			3,745,499				1,097,087
General partner			(170,699	)			(197,451	)
			3,574,800				899,636
		$	3,606,473			$	899,636

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 28
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			812,483				884,427
Notes receivable			-				-
Other assets			-				-
		$	812,483			$	884,427
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	7,500
Accounts payable - affiliates			-				-
Capital contributions payable			-				-
			-				7,500
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 4,000,738  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 4,000,738 issued and 3,990,738 and 3,994,238 outstanding at March 31, 2017 and 2016, respectively.			1,086,195				1,149,995
General partner			(273,712	)			(273,068	)
			812,483				876,927
		$	812,483			$	884,427

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 29
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			345,648				618,758
Notes receivable			-				-
Other assets			-				-
		$	345,648			$	618,758
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			3,479,192				3,578,505
Capital contributions payable			8,235				8,235
			3,487,427				3,586,740
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,991,800  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,991,800 issued and 3,965,300 and 3,980,400 outstanding at March 31, 2017 and 2016, respectively.			(2,771,714	)			(2,599,655	)
General partner			(370,065	)			(368,327	)
			(3,141,779	)			(2,967,982	)
		$	345,648			$	618,758

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 30
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			270,126				304,293
Notes receivable			-				-
Other assets			-				-
		$	270,126			$	304,293
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			1,641,976				1,572,292
Capital contributions payable			105,139				105,139
			1,747,115				1,677,431
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,651,000  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,651,000 issued and 2,631,000 and 2,636,000 outstanding at March 31, 2017 and 2016, respectively.			(1,235,163	)			(1,132,351	)
General partner			(241,826	)			(240,787	)
			(1,476,989	)			(1,373,138	)
		$	270,126			$	304,293

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 31
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			2,047,648				1,351,761
Notes receivable			-				-
Other assets			25,000				25,000
		$	2,072,648			$	1,376,761
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	3,000
Accounts payable - affiliates			-				-
Capital contributions payable			66,294				66,294
			66,294				69,294
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 4,417,857  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 4,417,857  issued and 4,395,557 and 4,396,557 outstanding at March 31, 2017 and 2016, respectively.			2,365,549				1,673,651
General partner			(359,195	)			(366,184	)
			2,006,354				1,307,467
		$	2,072,648			$	1,376,761

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 32
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			837,185				1,061,685
Notes receivable			-				-
Other assets			-				-
		$	837,185			$	1,061,685
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	2,000			$	7,000
Accounts payable - affiliates			2,772,531				3,366,055
Capital contributions payable			1,229				1,229
			2,775,760				3,374,284
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 4,754,198  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 4,754,198 issued and 4,740,198 and 4,740,698 outstanding at March 31, 2017 and 2016, respectively.			(1,512,826	)			(1,883,110	)
General partner			(425,749	)			(429,489	)
			(1,938,575	)			(2,312,599	)
		$	837,185			$	1,061,685

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 33
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			337,765				1,266,455
Notes receivable			-				-
Other assets			-				-
		$	337,765			$	1,266,455
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			1,190,828				2,025,236
Capital contributions payable			69,154				69,154
			1,259,982				2,094,390
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,636,533  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,636,533 issued and 2,626,533 and 2,628,033 outstanding at March 31, 2017 and 2016, respectively.			(687,215	)			(593,876	)
General partner			(235,002	)			(234,059	)
			(922,217	)			(827,935	)
		$	337,765			$	1,266,455

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 34
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			849,078				674,173
Notes receivable			-				-
Other assets			-				-
		$	849,078			$	674,173
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			3,221,597				3,603,434
Capital contributions payable			-				-
			3,221,597				3,603,434
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,529,319  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,529,319 issued and 3,517,419 and 3,523,019 outstanding at March 31, 2017 and 2016, respectively.			(2,048,404	)			(2,599,579	)
General partner			(324,115	)			(329,682	)
			(2,372,519	)			(2,929,261	)
		$	849,078			$	674,173

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 35
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			2,392,767				1,693,223
Notes receivable			-				-
Other assets			-				-
		$	2,392,767			$	1,693,223
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			551,982				2,494,235
Capital contributions payable			-				-
			551,982				2,494,235
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,300,463  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,300,463 issued and 3,288,363 and 3,293,763 outstanding at March 31, 2017 and 2016, respectively.			2,104,402				(510,977	)
General partner			(263,617	)			(290,035	)
			1,840,785				(801,012	)
		$	2,392,767			$	1,693,223

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 36
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			2,934,317				979,340
Notes receivable			-				-
Other assets			-				-
		$	2,934,317			$	979,340
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	131,000			$	133,500
Accounts payable - affiliates			767,505				1,292,536
Capital contributions payable			-				-
			898,505				1,426,036
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,106,838  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,106,838 issued and 2,095,704 and 2,098,204 outstanding at March 31, 2017 and 2016, respectively.			2,194,117				(263,566	)
General partner			(158,305	)			(183,130	)
			2,035,812				(446,696	)
		$	2,934,317			$	979,340

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 37
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			2,096,039				340,689
Notes receivable			-				-
Other assets			-				-
		$	2,096,039			$	340,689
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			2,043,715				2,501,407
Capital contributions payable			138,438				138,438
			2,182,153				2,639,845
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,512,500  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,512,500 issued and 2,495,600 and 2,507,500 outstanding at March 31, 2017 and 2016, respectively.			130,312				(2,060,600	)
General partner			(216,426	)			(238,556	)
			(86,114	)			(2,299,156	)
		$	2,096,039			$	340,689

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 38
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			3,042,864				333,474
Notes receivable			-				-
Other assets			-				-
		$	3,042,864			$	333,474
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	6,543			$	4,779
Accounts payable - affiliates			1,515,985				2,020,632
Capital contributions payable			-				-
			1,522,528				2,025,411
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,543,100  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,543,100 issued and 2,540,100 and 2,540,100 outstanding at March 31, 2017 and 2016, respectively.			1,723,417				(1,456,733	)
General partner			(203,081	)			(235,204	)
			1,520,336				(1,691,937	)
		$	3,042,864			$	333,474

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 39
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			1,248,898				313,691
Notes receivable			-				-
Other assets			-				-
		$	1,248,898			$	313,691
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	6,543			$	4,894
Accounts payable - affiliates			1,154,240				1,775,213
Capital contributions payable			-				-
			1,160,783				1,780,107
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,292,151  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,292,151 issued and 2,288,351 and 2,290,151 outstanding at March 31, 2017 and 2016, respectively.			283,677				(1,255,309	)
General partner			(195,562	)			(211,107	)
			88,115				(1,466,416	)
		$	1,248,898			$	313,691

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 40
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			248,318				510,705
Notes receivable			-				-
Other assets			-				-
		$	248,318			$	510,705
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	5,000
Accounts payable - affiliates			2,684,058				2,862,316
Capital contributions payable			102				102
			2,684,160				2,867,418
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,630,256  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,630,256 issued and 2,622,756 and 2,623,756 outstanding at March 31, 2017 and 2016, respectively.			(2,186,540	)			(2,108,202	)
General partner			(249,302	)			(248,511	)
			(2,435,842	)			(2,356,713	)
		$	248,318			$	510,705

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 41
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			322,902				331,029
Notes receivable			-				-
Other assets			1,218				1,218
		$	324,120			$	332,247
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	4,500			$	-
Accounts payable - affiliates			3,286,255				3,161,663
Capital contributions payable			100				100
			3,290,855				3,161,763
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,891,626  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,891,626 issued and 2,884,126 and 2,891,626 outstanding at March 31, 2017 and 2016, respectively.			(2,687,899	)			(2,552,052	)
General partner			(278,836	)			(277,464	)
			(2,966,735	)			(2,829,516	)
		$	324,120			$	332,247

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 42
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			1,072,528				3,412,757
Notes receivable			22,790				22,790
Other assets			51,003				51,003
		$	1,146,321			$	3,486,550
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			-				2,141,040
Capital contributions payable			73,433				73,433
			73,433				2,214,473
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,744,262  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,744,262 issued and 2,736,262 outstanding at March 31, 2017 and 2016.			1,303,097				1,500,294
General partner			(230,209	)			(228,217	)
			1,072,888				1,272,077
		$	1,146,321			$	3,486,550

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 43
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			351,638				2,886,991
Notes receivable			-				-
Other assets			82,514				82,514
		$	434,152			$	2,969,505
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			771,794				3,061,116
Capital contributions payable			99,265				99,265
			871,059				3,160,381
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 3,637,987  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 3,637,987 issued and 3,632,487 and 3,637,987 outstanding at March 31, 2017 and 2016, respectively.			(111,017	)			132,554
General partner			(325,890	)			(323,430	)
			(436,907	)			(190,876	)
		$	434,152			$	2,969,505

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 44
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			66,324				44,503
Notes receivable			-				-
Other assets			-				-
		$	66,324			$	44,503
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			2,584,641				2,331,303
Capital contributions payable			-				-
			2,584,641				2,331,303
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,701,973  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,701,973 issued and 2,699,473 and 2,699,973 outstanding at March 31, 2017 and 2016, respectively.			(2,255,686	)			(2,026,484	)
General partner			(262,631	)			(260,316	)
			(2,518,317	)			(2,286,800	)
		$	66,324			$	44,503

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 45
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			803,153				748,100
Notes receivable			-				-
Other assets			-				-
		$	803,153			$	748,100
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	515,173			$	515,173
Accounts payable - affiliates			2,357,846				2,058,519
Capital contributions payable			16,724				16,724
			2,889,743				2,590,416
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 4,014,367  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 4,014,367 issued and 4,009,667 and 4,014,367 outstanding at March 31, 2017 and 2016, respectively.			(1,712,062	)			(1,470,231	)
General partner			(374,528	)			(372,085	)
			(2,086,590	)			(1,842,316	)
		$	803,153			$	748,100

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

BALANCE SHEETS - CONTINUED

 

March 31, 2017 and 2016

 

		Series 46
		2017				2016
ASSETS
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS		$	-			$	-
OTHER ASSETS
Cash and cash equivalents			651,129				243,277
Notes receivable			-				-
Other assets			3,788				3,788
		$	654,917			$	247,065
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
LIABILITIES
Accounts payable, accrued expenses and other liabilities		$	-			$	-
Accounts payable - affiliates			1,886,971				1,650,887
Capital contributions payable			-				-
			1,886,971				1,650,887
PARTNERS’ CAPITAL (DEFICIT)
Assignor limited partner
Units of limited partnership interest consisting of 101,500,000 authorized beneficial assignee certificates (BACs), $10 stated value per BAC, 2,980,998  issued to the assignees at March 31, 2017 and 2016			-				-
Limited partners
Units of beneficial interest of the limited partnership interest of the assignor limited partner, 2,980,998 issued and 2,971,998 outstanding at March 31, 2017 and 2016.			(956,991	)			(1,127,041	)
General partner			(275,063	)			(276,781	)
			(1,232,054	)			(1,403,822	)
		$	654,917			$	247,065

 

(see notes to financial statements)

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS

 

Years ended March 31, 2017 and 2016

 

		Total
		2017				2016
Income
Interest income		$	52,063			$	76,212
Miscellaneous			318,673				1,064,441
			370,736				1,140,653
Share of income (losses) from operating limited partnerships *			18,806,644				15,114,264
Expenses and loss
Fund management fee			2,469,863				3,064,018
General and administrative expenses			780,422				475,546
Professional fees			823,805				584,535
Impairment loss			-				1,464,002
			4,074,090				5,588,101
NET INCOME (LOSS)		$	15,103,290			$	10,666,816
Net income (loss) allocated to general partner		$	151,033			$	106,668
Net income (loss) allocated to limited partners		$	14,952,257			$	10,560,148
Net income (loss) per BAC		$	0.18			$	0.13

 

* Includes $18,806,644 and $15,520,223, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 20
		2017				2016
Income
Interest income		$	441			$	529
Miscellaneous			-				64
			441				593
Share of income (losses) from operating limited partnerships *			138,000				-
Expenses and loss
Fund management fee			23,476				28,405
General and administrative expenses			35,102				20,033
Professional fees			14,542				18,826
Impairment loss			-				-
			73,120				67,264
NET INCOME (LOSS)		$	65,321			$	(66,671	)
Net income (loss) allocated to general partner		$	653			$	(667	)
Net income (loss) allocated to limited partners		$	64,668			$	(66,004	)
Net income (loss) per BAC		$	0.02			$	(0.02	)

 

* Includes $138,000 and $-, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 21
		2017				2016
Income
Interest income		$	582			$	856
Miscellaneous			859				859
			1,441				1,715
Share of income (losses) from operating limited partnerships *			-				326,273
Expenses and loss
Fund management fee			8,821				21,102
General and administrative expenses			22,774				13,792
Professional fees			14,784				13,296
Impairment loss			-				-
			46,379				48,190
NET INCOME (LOSS)		$	(44,938	)		$	279,798
Net income (loss) allocated to general partner		$	(449	)		$	2,798
Net income (loss) allocated to limited partners		$	(44,489	)		$	277,000
Net income (loss) per BAC		$	(0.02	)		$	0.15

 

* Includes $- and $326,273, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 22
		2017				2016
Income
Interest income		$	376			$	304
Miscellaneous			-				433
			376				737
Share of income (losses) from operating limited partnerships *			-				248,148
Expenses and loss
Fund management fee			28,108				36,899
General and administrative expenses			28,021				16,518
Professional fees			17,041				17,451
Impairment loss			-				-
			73,170				70,868
NET INCOME (LOSS)		$	(72,794	)		$	178,017
Net income (loss) allocated to general partner		$	(728	)		$	1,780
Net income (loss) allocated to limited partners		$	(72,066	)		$	176,237
Net income (loss) per BAC		$	(0.03	)		$	0.07

 

* Includes $- and $248,148, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 23
		2017				2016
Income
Interest income		$	303			$	483
Miscellaneous			-				3,243
			303				3,726
Share of income (losses) from operating limited partnerships *			488,550				247,429
Expenses and loss
Fund management fee			32,282				43,489
General and administrative expenses			33,636				19,526
Professional fees			20,807				19,421
Impairment loss			-				-
			86,725				82,436
NET INCOME (LOSS)		$	402,128			$	168,719
Net income (loss) allocated to general partner		$	4,021			$	1,687
Net income (loss) allocated to limited partners		$	398,107			$	167,032
Net income (loss) per BAC		$	0.12			$	0.05

 

* Includes $488,550 and $247,429, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 24
		2017				2016
Income
Interest income		$	380			$	1,870
Miscellaneous			6,026				87,251
			6,406				89,121
Share of income (losses) from operating limited partnerships *			-				16,675
Expenses and loss
Fund management fee			40,285				44,494
General and administrative expenses			26,138				16,083
Professional fees			15,354				17,757
Impairment loss			-				-
			81,777				78,334
NET INCOME (LOSS)		$	(75,371	)		$	27,462
Net income (loss) allocated to general partner		$	(754	)		$	275
Net income (loss) allocated to limited partners		$	(74,617	)		$	27,187
Net income (loss) per BAC		$	(0.03	)		$	0.01

 

* Includes $- and $16,675, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 25
		2017				2016
Income
Interest income		$	331			$	7,340
Miscellaneous			10,178				10,178
			10,509				17,518
Share of income (losses) from operating limited partnerships *			-				-
Expenses and loss
Fund management fee			16,376				16,376
General and administrative expenses			31,302				18,219
Professional fees			14,167				16,299
Impairment loss			-				-
			61,845				50,894
NET INCOME (LOSS)		$	(51,336	)		$	(33,376	)
Net income (loss) allocated to general partner		$	(513	)		$	(334	)
Net income (loss) allocated to limited partners		$	(50,823	)		$	(33,042	)
Net income (loss) per BAC		$	(0.02	)		$	(0.01	)

 

* Includes $- and $-, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 26
		2017				2016
Income
Interest income		$	1,016			$	4,316
Miscellaneous			6,176				5,412
			7,192				9,728
Share of income (losses) from operating limited partnerships *			18,500				59,000
Expenses and loss
Fund management fee			87,735				82,137
General and administrative expenses			39,315				22,585
Professional fees			25,365				30,477
Impairment loss			-				-
			152,415				135,199
NET INCOME (LOSS)		$	(126,723	)		$	(66,471	)
Net income (loss) allocated to general partner		$	(1,267	)		$	(665	)
Net income (loss) allocated to limited partners		$	(125,456	)		$	(65,806	)
Net income (loss) per BAC		$	(0.03	)		$	(0.02	)

 

* Includes $18,500 and $59,000, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 27
		2017				2016
Income
Interest income		$	9,157			$	2,553
Miscellaneous			6,000				12,965
			15,157				15,518
Share of income (losses) from operating limited partnerships *			3,016,000				-
Expenses and loss
Fund management fee			99,812				132,052
General and administrative expenses			25,464				16,464
Professional fees			230,717				19,029
Impairment loss			-				-
			355,993				167,545
NET INCOME (LOSS)		$	2,675,164			$	(152,027	)
Net income (loss) allocated to general partner		$	26,752			$	(1,520	)
Net income (loss) allocated to limited partners		$	2,648,412			$	(150,507	)
Net income (loss) per BAC		$	1.08			$	(0.06	)

 

* Includes $3,016,000 and $-, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 28
		2017				2016
Income
Interest income		$	1,151			$	13,092
Miscellaneous			7,976				14,489
			9,127				27,581
Share of income (losses) from operating limited partnerships *			5,000				1,405,521
Expenses and loss
Fund management fee			21,679				87,298
General and administrative expenses			34,775				22,039
Professional fees			22,117				28,653
Impairment loss			-				-
			78,571				137,990
NET INCOME (LOSS)		$	(64,444	)		$	1,295,112
Net income (loss) allocated to general partner		$	(644	)		$	12,951
Net income (loss) allocated to limited partners		$	(63,800	)		$	1,282,161
Net income (loss) per BAC		$	(0.02	)		$	0.32

 

* Includes $5,000 and $1,405,521, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 29
		2017				2016
Income
Interest income		$	749			$	1,078
Miscellaneous			-				278,558
			749				279,636
Share of income (losses) from operating limited partnerships *			-				199,000
Expenses and loss
Fund management fee			74,532				73,241
General and administrative expenses			35,610				20,428
Professional fees			64,404				29,850
Impairment loss			-				-
			174,546				123,519
NET INCOME (LOSS)		$	(173,797	)		$	355,117
Net income (loss) allocated to general partner		$	(1,738	)		$	3,551
Net income (loss) allocated to limited partners		$	(172,059	)		$	351,566
Net income (loss) per BAC		$	(0.04	)		$	0.09

 

* Includes $- and $199,000, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 30
		2017				2016
Income
Interest income		$	637			$	1,178
Miscellaneous			1,243				1,522
			1,880				2,700
Share of income (losses) from operating limited partnerships *			-				273,454
Expenses and loss
Fund management fee			59,468				44,854
General and administrative expenses			25,835				15,954
Professional fees			20,428				23,788
Impairment loss			-				-
			105,731				84,596
NET INCOME (LOSS)		$	(103,851	)		$	191,558
Net income (loss) allocated to general partner		$	(1,039	)		$	1,916
Net income (loss) allocated to limited partners		$	(102,812	)		$	189,642
Net income (loss) per BAC		$	(0.04	)		$	0.07

 

* Includes $- and $273,454, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 31
		2017				2016
Income
Interest income		$	2,782			$	3,356
Miscellaneous			590				592
			3,372				3,948
Share of income (losses) from operating limited partnerships *			877,411				1,328,188
Expenses and loss
Fund management fee			121,262				138,043
General and administrative expenses			34,845				21,962
Professional fees			25,789				27,337
Impairment loss			-				-
			181,896				187,342
NET INCOME (LOSS)		$	698,887			$	1,144,794
Net income (loss) allocated to general partner		$	6,989			$	11,448
Net income (loss) allocated to limited partners		$	691,898			$	1,133,346
Net income (loss) per BAC		$	0.16			$	0.26

 

* Includes $877,411 and $1,328,188, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 32
		2017				2016
Income
Interest income		$	1,309			$	1,415
Miscellaneous			4,300				16,550
			5,609				17,965
Share of income (losses) from operating limited partnerships *			569,552				825,886
Expenses and loss
Fund management fee			144,806				184,876
General and administrative expenses			36,276				21,384
Professional fees			20,055				22,222
Impairment loss			-				-
			201,137				228,482
NET INCOME (LOSS)		$	374,024			$	615,369
Net income (loss) allocated to general partner		$	3,740			$	6,154
Net income (loss) allocated to limited partners		$	370,284			$	609,215
Net income (loss) per BAC		$	0.08			$	0.13

 

* Includes $569,552 and $825,886, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 33
		2017				2016
Income
Interest income		$	1,400			$	2,172
Miscellaneous			1,800				8,953
			3,200				11,125
Share of income (losses) from operating limited partnerships *			-				1,097,000
Expenses and loss
Fund management fee			56,922				52,507
General and administrative expenses			24,374				14,920
Professional fees			16,186				17,082
Impairment loss			-				-
			97,482				84,509
NET INCOME (LOSS)		$	(94,282	)		$	1,023,616
Net income (loss) allocated to general partner		$	(943	)		$	10,236
Net income (loss) allocated to limited partners		$	(93,339	)		$	1,013,380
Net income (loss) per BAC		$	(0.04	)		$	0.39

 

* Includes $- and $1,097,000, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 34
		2017				2016
Income
Interest income		$	1,445			$	18,192
Miscellaneous			15,442				91,875
			16,887				110,067
Share of income (losses) from operating limited partnerships *			630,691				328,000
Expenses and loss
Fund management fee			41,426				83,189
General and administrative expenses			29,336				17,895
Professional fees			20,074				20,712
Impairment loss			-				-
			90,836				121,796
NET INCOME (LOSS)		$	556,742			$	316,271
Net income (loss) allocated to general partner		$	5,567			$	3,163
Net income (loss) allocated to limited partners		$	551,175			$	313,108
Net income (loss) per BAC		$	0.16			$	0.09

 

* Includes $630,691 and $328,000, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 35
		2017				2016
Income
Interest income		$	8,322			$	2,723
Miscellaneous			4,893				18,972
			13,215				21,695
Share of income (losses) from operating limited partnerships *			2,720,765				1,504,603
Expenses and loss
Fund management fee			43,447				116,442
General and administrative expenses			29,293				17,520
Professional fees			19,443				18,084
Impairment loss			-				-
			92,183				152,046
NET INCOME (LOSS)		$	2,641,797			$	1,374,252
Net income (loss) allocated to general partner		$	26,418			$	13,743
Net income (loss) allocated to limited partners		$	2,615,379			$	1,360,509
Net income (loss) per BAC		$	0.80			$	0.41

 

* Includes $2,720,765 and $1,504,603, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 36
		2017				2016
Income
Interest income		$	5,514			$	1,073
Miscellaneous			6,425				19,215
			11,939				20,288
Share of income (losses) from operating limited partnerships *			2,515,373				571,611
Expenses and loss
Fund management fee			4,670				116,517
General and administrative expenses			21,777				14,281
Professional fees			18,357				16,603
Impairment loss			-				-
			44,804				147,401
NET INCOME (LOSS)		$	2,482,508			$	444,498
Net income (loss) allocated to general partner		$	24,825			$	4,445
Net income (loss) allocated to limited partners		$	2,457,683			$	440,053
Net income (loss) per BAC		$	1.17			$	0.21

 

* Includes $2,515,373 and $571,611, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 37
		2017				2016
Income
Interest income		$	3,535			$	728
Miscellaneous			4,811				14,312
			8,346				15,040
Share of income (losses) from operating limited partnerships *			2,349,732				-
Expenses and loss
Fund management fee			106,790				145,806
General and administrative expenses			22,977				14,502
Professional fees			15,269				15,806
Impairment loss			-				-
			145,036				176,114
NET INCOME (LOSS)		$	2,213,042			$	(161,074	)
Net income (loss) allocated to general partner		$	22,130			$	(1,611	)
Net income (loss) allocated to limited partners		$	2,190,912			$	(159,463	)
Net income (loss) per BAC		$	0.88			$	(0.06	)

 

* Includes $2,349,732 and $-, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 38
		2017				2016
Income
Interest income		$	1,203			$	425
Miscellaneous			85,146				51,982
			86,349				52,407
Share of income (losses) from operating limited partnerships *			3,273,698				32,421
Expenses and loss
Fund management fee			103,420				143,708
General and administrative expenses			24,162				15,431
Professional fees			20,192				17,258
Impairment loss			-				-
			147,774				176,397
NET INCOME (LOSS)		$	3,212,273			$	(91,569	)
Net income (loss) allocated to general partner		$	32,123			$	(916	)
Net income (loss) allocated to limited partners		$	3,180,150			$	(90,653	)
Net income (loss) per BAC		$	1.25			$	(0.04	)

 

* Includes $3,273,698 and $32,421, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 39
		2017				2016
Income
Interest income		$	663			$	377
Miscellaneous			1,210				90,900
			1,873				91,277
Share of income (losses) from operating limited partnerships *			1,645,989				102,774
Expenses and loss
Fund management fee			52,601				112,093
General and administrative expenses			21,423				14,201
Professional fees			19,307				18,307
Impairment loss			-				-
			93,331				144,601
NET INCOME (LOSS)		$	1,554,531			$	49,450
Net income (loss) allocated to general partner		$	15,545			$	494
Net income (loss) allocated to limited partners		$	1,538,986			$	48,956
Net income (loss) per BAC		$	0.67			$	0.02

 

* Includes $1,645,989 and $102,774, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 40
		2017				2016
Income
Interest income		$	315			$	185
Miscellaneous			-				11,167
			315				11,352
Share of income (losses) from operating limited partnerships *			93,700				790,011
Expenses and loss
Fund management fee			126,039				180,377
General and administrative expenses			23,982				15,212
Professional fees			23,123				20,977
Impairment loss			-				-
			173,144				216,566
NET INCOME (LOSS)		$	(79,129	)		$	584,797
Net income (loss) allocated to general partner		$	(791	)		$	5,848
Net income (loss) allocated to limited partners		$	(78,338	)		$	578,949
Net income (loss) per BAC		$	(0.03	)		$	0.22

 

* Includes $93,700 and $790,011, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 41
		2017				2016
Income
Interest income		$	651			$	728
Miscellaneous			42,406				75,255
			43,057				75,983
Share of income (losses) from operating limited partnerships *			70,500				457,440
Expenses and loss
Fund management fee			196,640				184,568
General and administrative expenses			27,796				17,842
Professional fees			26,340				28,100
Impairment loss			-				-
			250,776				230,510
NET INCOME (LOSS)		$	(137,219	)		$	302,913
Net income (loss) allocated to general partner		$	(1,372	)		$	3,029
Net income (loss) allocated to limited partners		$	(135,847	)		$	299,884
Net income (loss) per BAC		$	(0.05	)		$	0.10

 

* Includes $70,500 and $457,440, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 42
		2017				2016
Income
Interest income		$	4,004			$	5,362
Miscellaneous			4,406				112,298
			8,410				117,660
Share of income (losses) from operating limited partnerships *			-				3,214,695
Expenses and loss
Fund management fee			152,300				156,727
General and administrative expenses			26,109				16,599
Professional fees			29,190				25,867
Impairment loss			-				-
			207,599				199,193
NET INCOME (LOSS)		$	(199,189	)		$	3,133,162
Net income (loss) allocated to general partner		$	(1,992	)		$	31,332
Net income (loss) allocated to limited partners		$	(197,197	)		$	3,101,830
Net income (loss) per BAC		$	(0.07	)		$	1.13

 

* Includes $- and $3,214,695, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 43
		2017				2016
Income
Interest income		$	4,077			$	4,813
Miscellaneous			1,759				66,760
			5,836				71,573
Share of income (losses) from operating limited partnerships*			-				2,492,094
Expenses and loss
Fund management fee			190,024				193,844
General and administrative expenses			31,565				19,467
Professional fees			30,278				26,447
Impairment loss			-				-
			251,867				239,758
NET INCOME (LOSS)		$	(246,031	)		$	2,323,909
Net income (loss) allocated to general partner		$	(2,460	)		$	23,239
Net income (loss) allocated to limited partners		$	(243,571	)		$	2,300,670
Net income (loss) per BAC		$	(0.07	)		$	0.63

 

* Includes $- and $2,492,094, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 44
		2017				2016
Income
Interest income		$	36			$	20
Miscellaneous			16,818				10,349
			16,854				10,369
Share of income (losses) from operating limited partnerships			-				(82,095	)
Expenses and loss
Fund management fee			206,172				219,779
General and administrative expenses			25,049				14,871
Professional fees			17,150				16,664
Impairment loss			-				-
			248,371				251,314
NET INCOME (LOSS)		$	(231,517	)		$	(323,040	)
Net income (loss) allocated to general partner		$	(2,315	)		$	(3,230	)
Net income (loss) allocated to limited partners		$	(229,202	)		$	(319,810	)
Net income (loss) per BAC		$	(0.08	)		$	(0.12	)

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 45
		2017				2016
Income
Interest income		$	1,204			$	405
Miscellaneous			53,785				41,174
			54,989				41,579
Share of income (losses) from operating limited partnerships			-				(169,344	)
Expenses and loss
Fund management fee			223,161				206,958
General and administrative expenses			35,365				20,734
Professional fees			40,737				33,727
Impairment loss			-				661,498
			299,263				922,917
NET INCOME (LOSS)		$	(244,274	)		$	(1,050,682	)
Net income (loss) allocated to general partner		$	(2,443	)		$	(10,507	)
Net income (loss) allocated to limited partners		$	(241,831	)		$	(1,040,175	)
Net income (loss) per BAC		$	(0.06	)		$	(0.26	)

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF OPERATIONS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 46
		2017				2016
Income
Interest income		$	480			$	639
Miscellaneous			36,424				19,113
			36,904				19,752
Share of income (losses) from operating limited partnerships *			393,183				(154,520	)
Expenses and loss
Fund management fee			207,609				218,237
General and administrative expenses			28,121				17,084
Professional fees			22,589				24,495
Impairment loss			-				802,504
			258,319				1,062,320
NET INCOME (LOSS)		$	171,768			$	(1,197,088	)
Net income (loss) allocated to general partner		$	1,718			$	(11,971	)
Net income (loss) allocated to limited partners		$	170,050			$	(1,185,117	)
Net income (loss) per BAC		$	0.06			$	(0.40	)

 

* Includes $393,183 and $-, respectively, in 2017 and 2016 from gain on disposal of operating limited partnership.

 

(see notes to financial statements)

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT)

 

Years ended March 31, 2017 and 2016

 

Total		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(19,481,250	)		$	(7,435,386	)		$	(26,916,636	)
Distributions			(12,369,281	)			-				(12,369,281	)
Net income (loss)			10,560,148				106,668				10,666,816
Partners’ capital (deficit), March 31, 2016			(21,290,383	)			(7,328,718	)			(28,619,101	)
Net income (loss)			14,952,257				151,033				15,103,290
Partners’ capital (deficit), March 31, 2017		$	(6,338,126	)		$	(7,177,685	)		$	(13,515,811	)

 

Series 20		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(874,295	)		$	(320,197	)		$	(1,194,492	)
Distributions			-				-				-
Net income (loss)			(66,004	)			(667	)			(66,671	)
Partners’ capital (deficit), March 31, 2016			(940,299	)			(320,864	)			(1,261,163	)
Net income (loss)			64,668				653				65,321
Partners’ capital (deficit), March 31, 2017		$	(875,631	)		$	(320,211	)		$	(1,195,842	)

 

Series 21		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,139,894	)		$	(175,101	)		$	(1,314,995	)
Distributions			-				-				-
Net income (loss)			277,000				2,798				279,798
Partners’ capital (deficit), March 31, 2016			(862,894	)			(172,303	)			(1,035,197	)
Net income (loss)			(44,489	)			(449	)			(44,938	)
Partners’ capital (deficit), March 31, 2017		$	(907,383	)		$	(172,752	)		$	(1,080,135	)

 

Series 22		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,455,952	)		$	(246,104	)		$	(2,702,056	)
Distributions			-				-				-
Net income (loss)			176,237				1,780				178,017
Partners’ capital (deficit), March 31, 2016			(2,279,715	)			(244,324	)			(2,524,039	)
Net income (loss)			(72,066	)			(728	)			(72,794	)
Partners’ capital (deficit), March 31, 2017		$	(2,351,781	)		$	(245,052	)		$	(2,596,833	)

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT) - CONTINUED

 

Years ended March 31, 2017 and 2016

 

Series 23		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,696,494	)		$	(304,860	)		$	(2,001,354	)
Distributions			-				-				-
Net income (loss)			167,032				1,687				168,719
Partners’ capital (deficit), March 31, 2016			(1,529,462	)			(303,173	)			(1,832,635	)
Net income (loss)			398,107				4,021				402,128
Partners’ capital (deficit), March 31, 2017		$	(1,131,355	)		$	(299,152	)		$	(1,430,507	)

 

Series 24		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	1,254,077			$	(174,501	)		$	1,079,576
Distributions			(604,486	)			-				(604,486	)
Net income (loss)			27,187				275				27,462
Partners’ capital (deficit), March 31, 2016			676,778				(174,226	)			502,552
Net income (loss)			(74,617	)			(754	)			(75,371	)
Partners’ capital (deficit), March 31, 2017		$	602,161			$	(174,980	)		$	427,181

 

Series 25		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	4,032,481			$	(219,312	)		$	3,813,169
Distributions			(3,382,746	)			-				(3,382,746	)
Net income (loss)			(33,042	)			(334	)			(33,376	)
Partners’ capital (deficit), March 31, 2016			616,693				(219,646	)			397,047
Net income (loss)			(50,823	)			(513	)			(51,336	)
Partners’ capital (deficit), March 31, 2017		$	565,870			$	(220,159	)		$	345,711

 

Series 26		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	3,371,487			$	(309,634	)		$	3,061,853
Distributions			(2,190,980	)			-				(2,190,980	)
Net income (loss)			(65,806	)			(665	)			(66,471	)
Partners’ capital (deficit), March 31, 2016			1,114,701				(310,299	)			804,402
Net income (loss)			(125,456	)			(1,267	)			(126,723	)
Partners’ capital (deficit), March 31, 2017		$	989,245			$	(311,566	)		$	677,679

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT) - CONTINUED

 

Years ended March 31, 2017 and 2016

 

Series 27		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	1,247,594			$	(195,931	)		$	1,051,663
Distributions			-				-				-
Net income (loss)			(150,507	)			(1,520	)			(152,027	)
Partners’ capital (deficit), March 31, 2016			1,097,087				(197,451	)			899,636
Net income (loss)			2,648,412				26,752				2,675,164
Partners’ capital (deficit), March 31, 2017		$	3,745,499			$	(170,699	)		$	3,574,800

 

Series 28		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	6,058,903			$	(286,019	)		$	5,772,884
Distributions			(6,191,069	)			-				(6,191,069	)
Net income (loss)			1,282,161				12,951				1,295,112
Partners’ capital (deficit), March 31, 2016			1,149,995				(273,068	)			876,927
Net income (loss)			(63,800	)			(644	)			(64,444	)
Partners’ capital (deficit), March 31, 2017		$	1,086,195			$	(273,712	)		$	812,483

 

Series 29		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,951,221	)		$	(371,878	)		$	(3,323,099	)
Distributions			-				-				-
Net income (loss)			351,566				3,551				355,117
Partners’ capital (deficit), March 31, 2016			(2,599,655	)			(368,327	)			(2,967,982	)
Net income (loss)			(172,059	)			(1,738	)			(173,797	)
Partners’ capital (deficit), March 31, 2017		$	(2,771,714	)		$	(370,065	)		$	(3,141,779	)

 

Series 30		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,321,993	)		$	(242,703	)		$	(1,564,696	)
Distributions			-				-				-
Net income (loss)			189,642				1,916				191,558
Partners’ capital (deficit), March 31, 2016			(1,132,351	)			(240,787	)			(1,373,138	)
Net income (loss)			(102,812	)			(1,039	)			(103,851	)
Partners’ capital (deficit), March 31, 2017		$	(1,235,163	)		$	(241,826	)		$	(1,476,989	)

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT) - CONTINUED

 

Years ended March 31, 2017 and 2016

 

Series 31		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	540,305			$	(377,632	)		$	162,673
Distributions			-				-				-
Net income (loss)			1,133,346				11,448				1,144,794
Partners’ capital (deficit), March 31, 2016			1,673,651				(366,184	)			1,307,467
Net income (loss)			691,898				6,989				698,887
Partners’ capital (deficit), March 31, 2017		$	2,365,549			$	(359,195	)		$	2,006,354

 

Series 32		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,492,325	)		$	(435,643	)		$	(2,927,968	)
Distributions			-				-				-
Net income (loss)			609,215				6,154				615,369
Partners’ capital (deficit), March 31, 2016			(1,883,110	)			(429,489	)			(2,312,599	)
Net income (loss)			370,284				3,740				374,024
Partners’ capital (deficit), March 31, 2017		$	(1,512,826	)		$	(425,749	)		$	(1,938,575	)

 

Series 33		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,607,256	)		$	(244,295	)		$	(1,851,551	)
Distributions			-				-				-
Net income (loss)			1,013,380				10,236				1,023,616
Partners’ capital (deficit), March 31, 2016			(593,876	)			(234,059	)			(827,935	)
Net income (loss)			(93,339	)			(943	)			(94,282	)
Partners’ capital (deficit), March 31, 2017		$	(687,215	)		$	(235,002	)		$	(922,217	)

 

Series 34		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,912,687	)		$	(332,845	)		$	(3,245,532	)
Distributions			-				-				-
Net income (loss)			313,108				3,163				316,271
Partners’ capital (deficit), March 31, 2016			(2,599,579	)			(329,682	)			(2,929,261	)
Net income (loss)			551,175				5,567				556,742
Partners’ capital (deficit), March 31, 2017		$	(2,048,404	)		$	(324,115	)		$	(2,372,519	)

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT) - CONTINUED

 

Years ended March 31, 2017 and 2016

 

Series 35		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,871,486	)		$	(303,778	)		$	(2,175,264	)
Distributions			-				-				-
Net income (loss)			1,360,509				13,743				1,374,252
Partners’ capital (deficit), March 31, 2016			(510,977	)			(290,035	)			(801,012	)
Net income (loss)			2,615,379				26,418				2,641,797
Partners’ capital (deficit), March 31, 2017		$	2,104,402			$	(263,617	)		$	1,840,785

 

Series 36		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(703,619	)		$	(187,575	)		$	(891,194	)
Distributions			-				-				-
Net income (loss)			440,053				4,445				444,498
Partners’ capital (deficit), March 31, 2016			(263,566	)			(183,130	)			(446,696	)
Net income (loss)			2,457,683				24,825				2,482,508
Partners’ capital (deficit), March 31, 2017		$	2,194,117			$	(158,305	)		$	2,035,812

 

Series 37		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,901,137	)		$	(236,945	)		$	(2,138,082	)
Distributions			-				-				-
Net income (loss)			(159,463	)			(1,611	)			(161,074	)
Partners’ capital (deficit), March 31, 2016			(2,060,600	)			(238,556	)			(2,299,156	)
Net income (loss)			2,190,912				22,130				2,213,042
Partners’ capital (deficit), March 31, 2017		$	130,312			$	(216,426	)		$	(86,114	)

 

Series 38		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,366,080	)		$	(234,288	)		$	(1,600,368	)
Distributions			-				-				-
Net income (loss)			(90,653	)			(916	)			(91,569	)
Partners’ capital (deficit), March 31, 2016			(1,456,733	)			(235,204	)			(1,691,937	)
Net income (loss)			3,180,150				32,123				3,212,273
Partners’ capital (deficit), March 31, 2017		$	1,723,417			$	(203,081	)		$	1,520,336

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT) - CONTINUED

 

Years ended March 31, 2017 and 2016

 

Series 39		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,304,265	)		$	(211,601	)		$	(1,515,866	)
Distributions			-				-				-
Net income (loss)			48,956				494				49,450
Partners’ capital (deficit), March 31, 2016			(1,255,309	)			(211,107	)			(1,466,416	)
Net income (loss)			1,538,986				15,545				1,554,531
Partners’ capital (deficit), March 31, 2017		$	283,677			$	(195,562	)		$	88,115

 

Series 40		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,687,151	)		$	(254,359	)		$	(2,941,510	)
Distributions			-				-				-
Net income (loss)			578,949				5,848				584,797
Partners’ capital (deficit), March 31, 2016			(2,108,202	)			(248,511	)			(2,356,713	)
Net income (loss)			(78,338	)			(791	)			(79,129	)
Partners’ capital (deficit), March 31, 2017		$	(2,186,540	)		$	(249,302	)		$	(2,435,842	)

 

Series 41		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,851,936	)		$	(280,493	)		$	(3,132,429	)
Distributions			-				-				-
Net income (loss)			299,884				3,029				302,913
Partners’ capital (deficit), March 31, 2016			(2,552,052	)			(277,464	)			(2,829,516	)
Net income (loss)			(135,847	)			(1,372	)			(137,219	)
Partners’ capital (deficit), March 31, 2017		$	(2,687,899	)		$	(278,836	)		$	(2,966,735	)

 

Series 42		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,601,536	)		$	(259,549	)		$	(1,861,085	)
Distributions			-				-				-
Net income (loss)			3,101,830				31,332				3,133,162
Partners’ capital (deficit), March 31, 2016			1,500,294				(228,217	)			1,272,077
Net income (loss)			(197,197	)			(1,992	)			(199,189	)
Partners’ capital (deficit), March 31, 2017		$	1,303,097			$	(230,209	)		$	1,072,888

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL (DEFICIT) - CONTINUED

 

Years ended March 31, 2017 and 2016

 

Series 43		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(2,168,116	)		$	(346,669	)		$	(2,514,785	)
Distributions			-				-				-
Net income (loss)			2,300,670				23,239				2,323,909
Partners’ capital (deficit), March 31, 2016			132,554				(323,430	)			(190,876	)
Net income (loss)			(243,571	)			(2,460	)			(246,031	)
Partners’ capital (deficit), March 31, 2017		$	(111,017	)		$	(325,890	)		$	(436,907	)

 

Series 44		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(1,706,674	)		$	(257,086	)		$	(1,963,760	)
Distributions			-				-				-
Net income (loss)			(319,810	)			(3,230	)			(323,040	)
Partners’ capital (deficit), March 31, 2016			(2,026,484	)			(260,316	)			(2,286,800	)
Net income (loss)			(229,202	)			(2,315	)			(231,517	)
Partners’ capital (deficit), March 31, 2017		$	(2,255,686	)		$	(262,631	)		$	(2,518,317	)

 

Series 45		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	(430,056	)		$	(361,578	)		$	(791,634	)
Distributions			-				-				-
Net income (loss)			(1,040,175	)			(10,507	)			(1,050,682	)
Partners’ capital (deficit), March 31, 2016			(1,470,231	)			(372,085	)			(1,842,316	)
Net income (loss)			(241,831	)			(2,443	)			(244,274	)
Partners’ capital (deficit), March 31, 2017		$	(1,712,062	)		$	(374,528	)		$	(2,086,590	)

 

Series 46		Limited partners				General partner				Total
Partners’ capital (deficit), March 31, 2015		$	58,076			$	(264,810	)		$	(206,734	)
Distributions			-				-				-
Net income (loss)			(1,185,117	)			(11,971	)			(1,197,088	)
Partners’ capital (deficit), March 31, 2016			(1,127,041	)			(276,781	)			(1,403,822	)
Net income (loss)			170,050				1,718				171,768
Partners’ capital (deficit), March 31, 2017		$	(956,991	)		$	(275,063	)		$	(1,232,054	)

 

(see notes to financial statements)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS

 

Years ended March 31, 2017 and 2016

 

		Total
		2017				2016
Cash flows from operating activities
Net income (loss)		$	15,103,290			$	10,666,816
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(18,806,644	)			(15,114,264	)
Impairment loss			-				1,464,002
Distributions received from operating limited partnerships			-				10,852
Changes in assets and liabilities
Other assets			-				(74,518	)
Accounts payable and accrued expenses			11,626				503,467
Accounts payable - affiliates			(9,632,988	)			(2,830,228	)
Net cash provided by (used in) operating activities			(13,324,716	)			(5,373,873	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			18,806,644				15,750,871
Net cash provided by (used in) investing activities			18,806,644				15,750,871
Cash flows from financing activities
Distributions			-				(12,369,281	)
Net cash used in financing activities			-				(12,369,281	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			5,481,928				(1,992,283	)
Cash and cash equivalents, beginning			21,728,069				23,720,352
Cash and cash equivalents, ending		$	27,209,997			$	21,728,069

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 20
		2017				2016
Cash flows from operating activities
Net income (loss)		$	65,321			$	(66,671	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(138,000	)			-
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			24,843				(62,628	)
Net cash provided by (used in) operating activities			(47,836	)			(129,299	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			138,000				-
Net cash provided by (used in) investing activities			138,000				-
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			90,164				(129,299	)
Cash and cash equivalents, beginning			180,896				310,195
Cash and cash equivalents, ending		$	271,060			$	180,896

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 21
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(44,938	)		$	279,798
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(326,273	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				3,000
Accounts payable and accrued expenses			-				(5,000	)
Accounts payable - affiliates			(139,128	)			19,976
Net cash provided by (used in) operating activities			(184,066	)			(28,499	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				326,273
Net cash provided by (used in) investing activities			-				326,273
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(184,066	)			297,774
Cash and cash equivalents, beginning			425,168				127,394
Cash and cash equivalents, ending		$	241,102			$	425,168

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 22
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(72,794	)		$	178,017
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(248,148	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			29,208				9,937
Net cash provided by (used in) operating activities			(43,586	)			(60,194	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				238,796
Net cash provided by (used in) investing activities			-				238,796
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(43,586	)			178,602
Cash and cash equivalents, beginning			295,650				117,048
Cash and cash equivalents, ending		$	252,064			$	295,650

  

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 23
		2017				2016
Cash flows from operating activities
Net income (loss)		$	402,128			$	168,719
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(488,550	)			(247,429	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			37,362				(154,401	)
Net cash provided by (used in) operating activities			(49,060	)			(233,111	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			488,550				247,429
Net cash provided by (used in) investing activities			488,550				247,429
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			439,490				14,318
Cash and cash equivalents, beginning			219,677				205,359
Cash and cash equivalents, ending		$	659,167			$	219,677

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 24
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(75,371	)		$	27,462
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(16,675	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(6,335	)
Accounts payable - affiliates			-				-
Net cash provided by (used in) operating activities			(75,371	)			4,452
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				96,715
Net cash provided by (used in) investing activities			-				96,715
Cash flows from financing activities
Distributions			-				(604,486	)
Net cash used in financing activities			-				(604,486	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(75,371	)			(503,319	)
Cash and cash equivalents, beginning			502,552				1,005,871
Cash and cash equivalents, ending		$	427,181			$	502,552

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 25
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(51,336	)		$	(33,376	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				-
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			-				-
Net cash provided by (used in) operating activities			(51,336	)			(33,376	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				-
Net cash provided by (used in) investing activities			-				-
Cash flows from financing activities
Distributions			-				(3,382,746	)
Net cash used in financing activities			-				(3,382,746	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(51,336	)			(3,416,122	)
Cash and cash equivalents, beginning			395,797				3,811,919
Cash and cash equivalents, ending		$	344,461			$	395,797

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 26
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(126,723	)		$	(66,471	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(18,500	)			(59,000	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			(4,960	)			(15,507	)
Accounts payable - affiliates			-				-
Net cash provided by (used in) operating activities			(150,183	)			(140,978	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			18,500				128,000
Net cash provided by (used in) investing activities			18,500				128,000
Cash flows from financing activities
Distributions			-				(2,190,980	)
Net cash used in financing activities			-				(2,190,980	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(131,683	)			(2,203,958	)
Cash and cash equivalents, beginning			809,362				3,013,320
Cash and cash equivalents, ending		$	677,679			$	809,362

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 27
		2017				2016
Cash flows from operating activities
Net income (loss)		$	2,675,164			$	(152,027	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(3,016,000	)			-
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			31,673				-
Accounts payable - affiliates			-				-
Net cash provided by (used in) operating activities			(309,163	)			(152,027	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			3,016,000				-
Net cash provided by (used in) investing activities			3,016,000				-
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			2,706,837				(152,027	)
Cash and cash equivalents, beginning			899,636				1,051,663
Cash and cash equivalents, ending		$	3,606,473			$	899,636

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 28
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(64,444	)		$	1,295,112
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(5,000	)			(1,405,521	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				1,250
Accounts payable and accrued expenses			(7,500	)			4,500
Accounts payable - affiliates			-				-
Net cash provided by (used in) operating activities			(76,944	)			(104,659	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			5,000				1,405,521
Net cash provided by (used in) investing activities			5,000				1,405,521
Cash flows from financing activities
Distributions			-				(6,191,069	)
Net cash used in financing activities			-				(6,191,069	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(71,944	)			(4,890,207	)
Cash and cash equivalents, beginning			884,427				5,774,634
Cash and cash equivalents, ending		$	812,483			$	884,427

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 29
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(173,797	)		$	355,117
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(199,000	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(1,500	)
Accounts payable - affiliates			(99,313	)			(236,133	)
Net cash provided by (used in) operating activities			(273,110	)			(81,516	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				199,000
Net cash provided by (used in) investing activities			-				199,000
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(273,110	)			117,484
Cash and cash equivalents, beginning			618,758				501,274
Cash and cash equivalents, ending		$	345,648			$	618,758

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 30
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(103,851	)		$	191,558
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(273,454	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				500
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			69,684				(261,540	)
Net cash provided by (used in) operating activities			(34,167	)			(342,936	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				324,454
Net cash provided by (used in) investing activities			-				324,454
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(34,167	)			(18,482	)
Cash and cash equivalents, beginning			304,293				322,775
Cash and cash equivalents, ending		$	270,126			$	304,293

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 31
		2017				2016
Cash flows from operating activities
Net income (loss)		$	698,887			$	1,144,794
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(877,411	)			(1,328,188	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			(3,000	)			3,000
Accounts payable - affiliates			-				(2,902,513	)
Net cash provided by (used in) operating activities			(181,524	)			(3,082,907	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			877,411				1,328,188
Net cash provided by (used in) investing activities			877,411				1,328,188
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			695,887				(1,754,719	)
Cash and cash equivalents, beginning			1,351,761				3,106,480
Cash and cash equivalents, ending		$	2,047,648			$	1,351,761

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 32
		2017				2016
Cash flows from operating activities
Net income (loss)		$	374,024			$	615,369
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(569,552	)			(825,886	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			(5,000	)			6,007
Accounts payable - affiliates			(593,524	)			85,502
Net cash provided by (used in) operating activities			(794,052	)			(119,008	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			569,552				825,886
Net cash provided by (used in) investing activities			569,552				825,886
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(224,500	)			706,878
Cash and cash equivalents, beginning			1,061,685				354,807
Cash and cash equivalents, ending		$	837,185			$	1,061,685

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 33
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(94,282	)		$	1,023,616
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(1,097,000	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(4,053	)
Accounts payable - affiliates			(834,408	)			(34,812	)
Net cash provided by (used in) operating activities			(928,690	)			(112,249	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				1,097,000
Net cash provided by (used in) investing activities			-				1,097,000
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(928,690	)			984,751
Cash and cash equivalents, beginning			1,266,455				281,704
Cash and cash equivalents, ending		$	337,765			$	1,266,455

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 34
		2017				2016
Cash flows from operating activities
Net income (loss)		$	556,742			$	316,271
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(630,691	)			(328,000	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(5,802	)
Accounts payable - affiliates			(381,837	)			(474,323	)
Net cash provided by (used in) operating activities			(455,786	)			(491,854	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			630,691				328,000
Net cash provided by (used in) investing activities			630,691				328,000
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			174,905				(163,854	)
Cash and cash equivalents, beginning			674,173				838,027
Cash and cash equivalents, ending		$	849,078			$	674,173

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 35
		2017				2016
Cash flows from operating activities
Net income (loss)		$	2,641,797			$	1,374,252
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(2,720,765	)			(1,504,603	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(1,500	)
Accounts payable - affiliates			(1,942,253	)			88,845
Net cash provided by (used in) operating activities			(2,021,221	)			(43,006	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			2,720,765				1,504,603
Net cash provided by (used in) investing activities			2,720,765				1,504,603
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			699,544				1,461,597
Cash and cash equivalents, beginning			1,693,223				231,626
Cash and cash equivalents, ending		$	2,392,767			$	1,693,223

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 36
		2017				2016
Cash flows from operating activities
Net income (loss)		$	2,482,508			$	444,498
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(2,515,373	)			(571,611	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			(2,500	)			2,500
Accounts payable - affiliates			(525,031	)			101,759
Net cash provided by (used in) operating activities			(560,396	)			(22,854	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			2,515,373				571,611
Net cash provided by (used in) investing activities			2,515,373				571,611
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			1,954,977				548,757
Cash and cash equivalents, beginning			979,340				430,583
Cash and cash equivalents, ending		$	2,934,317			$	979,340

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 37
		2017				2016
Cash flows from operating activities
Net income (loss)		$	2,213,042			$	(161,074	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(2,349,732	)			-
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(1,024	)
Accounts payable - affiliates			(457,692	)			157,320
Net cash provided by (used in) operating activities			(594,382	)			(4,778	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			2,349,732				-
Net cash provided by (used in) investing activities			2,349,732				-
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			1,755,350				(4,778	)
Cash and cash equivalents, beginning			340,689				345,467
Cash and cash equivalents, ending		$	2,096,039			$	340,689

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 38
		2017				2016
Cash flows from operating activities
Net income (loss)		$	3,212,273			$	(91,569	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(3,273,698	)			(32,421	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			1,764				4,779
Accounts payable - affiliates			(504,647	)			139,400
Net cash provided by (used in) operating activities			(564,308	)			20,189
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			3,273,698				32,421
Net cash provided by (used in) investing activities			3,273,698				32,421
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			2,709,390				52,610
Cash and cash equivalents, beginning			333,474				280,864
Cash and cash equivalents, ending		$	3,042,864			$	333,474

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 39
		2017				2016
Cash flows from operating activities
Net income (loss)		$	1,554,531			$	49,450
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(1,645,989	)			(102,774	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			1,649				4,894
Accounts payable - affiliates			(620,973	)			93,229
Net cash provided by (used in) operating activities			(710,782	)			44,799
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			1,645,989				102,774
Net cash provided by (used in) investing activities			1,645,989				102,774
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			935,207				147,573
Cash and cash equivalents, beginning			313,691				166,118
Cash and cash equivalents, ending		$	1,248,898			$	313,691

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 40
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(79,129	)		$	584,797
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(93,700	)			(790,011	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			(5,000	)			5,000
Accounts payable - affiliates			(178,258	)			(176,823	)
Net cash provided by (used in) operating activities			(356,087	)			(377,037	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			93,700				790,011
Net cash provided by (used in) investing activities			93,700				790,011
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(262,387	)			412,974
Cash and cash equivalents, beginning			510,705				97,731
Cash and cash equivalents, ending		$	248,318			$	510,705

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 41
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(137,219	)		$	302,913
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(70,500	)			(457,440	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			4,500				-
Accounts payable - affiliates			124,592				(130,841	)
Net cash provided by (used in) operating activities			(78,627	)			(285,368	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			70,500				457,440
Net cash provided by (used in) investing activities			70,500				457,440
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(8,127	)			172,072
Cash and cash equivalents, beginning			331,029				158,957
Cash and cash equivalents, ending		$	322,902			$	331,029

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 42
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(199,189	)		$	3,133,162
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(3,214,695	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				(1,665	)
Accounts payable - affiliates			(2,141,040	)			(178,723	)
Net cash provided by (used in) operating activities			(2,340,229	)			(261,921	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				3,254,655
Net cash provided by (used in) investing activities			-				3,254,655
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(2,340,229	)			2,992,734
Cash and cash equivalents, beginning			3,412,757				420,023
Cash and cash equivalents, ending		$	1,072,528			$	3,412,757

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 43
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(246,031	)		$	2,323,909
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				(2,492,094	)
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				2,827
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			(2,289,322	)			206,108
Net cash provided by (used in) operating activities			(2,535,353	)			40,750
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				2,492,094
Net cash provided by (used in) investing activities			-				2,492,094
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(2,535,353	)			2,532,844
Cash and cash equivalents, beginning			2,886,991				354,147
Cash and cash equivalents, ending		$	351,638			$	2,886,991

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 44
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(231,517	)		$	(323,040	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				82,095
Impairment loss			-				-
Distributions received from operating limited partnerships			-				-
Changes in assets and liabilities
Other assets			-				(82,095	)
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			253,338				357,799
Net cash provided by (used in) operating activities			21,821				34,759
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				-
Net cash provided by (used in) investing activities			-				-
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			21,821				34,759
Cash and cash equivalents, beginning			44,503				9,744
Cash and cash equivalents, ending		$	66,324			$	44,503

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 45
		2017				2016
Cash flows from operating activities
Net income (loss)		$	(244,274	)		$	(1,050,682	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			-				169,344
Impairment loss			-				661,498
Distributions received from operating limited partnerships			-				7,263
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				515,173
Accounts payable - affiliates			299,327				298,106
Net cash provided by (used in) operating activities			55,053				600,702
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			-				-
Net cash provided by (used in) investing activities			-				-
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			55,053				600,702
Cash and cash equivalents, beginning			748,100				147,398
Cash and cash equivalents, ending		$	803,153			$	748,100

 

(continued)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

STATEMENTS OF CASH FLOWS - CONTINUED

 

Years ended March 31, 2017 and 2016

 

		Series 46
		2017				2016
Cash flows from operating activities
Net income (loss)		$	171,768			$	(1,197,088	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share of (income) losses from operating limited partnerships			(393,183	)			154,520
Impairment loss			-				802,504
Distributions received from operating limited partnerships			-				3,589
Changes in assets and liabilities
Other assets			-				-
Accounts payable and accrued expenses			-				-
Accounts payable - affiliates			236,084				224,528
Net cash provided by (used in) operating activities			14,669				(11,947	)
Cash flows from investing activities
Proceeds from disposition of operating limited partnerships			393,183				-
Net cash provided by (used in) investing activities			393,183				-
Cash flows from financing activities
Distributions			-				-
Net cash used in financing activities			-				-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			407,852				(11,947	)
Cash and cash equivalents, beginning			243,277				255,224
Cash and cash equivalents, ending		$	651,129			$	243,277

 

(see notes to financial statements)

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Boston Capital Tax Credit Fund IV L.P. (the Partnership or 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 limited partnerships which acquire, develop, rehabilitate, operate and own newly-constructed, existing or rehabilitated apartment complexes which qualify for the Low-Income Housing Tax Credit established by the Tax Reform Act of 1986. Accordingly, the apartment complexes are restricted as to rent charges and operating methods. Certain of the apartment complexes may also qualify for the Historic Rehabilitation Tax Credit for their rehabilitation of certified historic structures and are subject to the provisions of the Internal Revenue Code relating to the Rehabilitation Investment Credit. The general partner of the fund is Boston Capital Associates IV L.P. and the limited partner is BCTC IV Assignor Corp. (the assignor limited partner).

 

In accordance with the limited partnership agreement, profits, losses, and cash flow (subject to certain priority allocations and distributions) and tax credits are allocated 99% to the assignees and 1% to the general partner.

 

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 beneficial assignee certificates (BACs) representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The fund has registered 101,500,000 BACs at $10 per BAC for sale to the public in one or more series. BACs sold in bulk are offered to investors at a reduced cost per BAC.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

The BACs issued and outstanding in each series as of March 31, 2017 and 2016 are as follows:

 

		Issued								Outstanding
		2017				2016				2017				2016
Series 20			3,866,700				3,866,700				3,833,200				3,843,500
Series 21			1,892,700				1,892,700				1,879,500				1,881,000
Series 22			2,564,400				2,564,400				2,557,045				2,559,800
Series 23			3,336,727				3,336,727				3,314,827				3,323,327
Series 24			2,169,878				2,169,878				2,154,253				2,158,878
Series 25			3,026,109				3,026,109				3,016,809				3,020,309
Series 26			3,995,900				3,995,900				3,977,000				3,983,600
Series 27			2,460,700				2,460,700				2,446,400				2,453,500
Series 28			4,000,738				4,000,738				3,990,738				3,994,238
Series 29			3,991,800				3,991,800				3,965,300				3,980,400
Series 30			2,651,000				2,651,000				2,631,000				2,636,000
Series 31			4,417,857				4,417,857				4,395,557				4,396,557
Series 32			4,754,198				4,754,198				4,740,198				4,740,698
Series 33			2,636,533				2,636,533				2,626,533				2,628,033
Series 34			3,529,319				3,529,319				3,517,419				3,523,019
Series 35			3,300,463				3,300,463				3,288,363				3,293,763
Series 36			2,106,838				2,106,838				2,095,704				2,098,204
Series 37			2,512,500				2,512,500				2,495,600				2,507,500
Series 38			2,543,100				2,543,100				2,540,100				2,540,100
Series 39			2,292,151				2,292,151				2,288,351				2,290,151
Series 40			2,630,256				2,630,256				2,622,756				2,623,756
Series 41			2,891,626				2,891,626				2,884,126				2,891,626
Series 42			2,744,262				2,744,262				2,736,262				2,736,262
Series 43			3,637,987				3,637,987				3,632,487				3,637,987
Series 44			2,701,973				2,701,973				2,699,473				2,699,973
Series 45			4,014,367				4,014,367				4,009,667				4,014,367
Series 46			2,980,998				2,980,998				2,971,998				2,971,998
			83,651,080				83,651,080				83,310,666				83,428,546

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

Investments in Operating Limited Partnerships

 

The Fund accounts for its investments in operating limited partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each operating limited partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes the individual operating limited partnership’s losses only to the extent that the Fund’s share of losses from the operating limited partnerships does not exceed the carrying amount of its investment and its advances to operating limited partnerships. Unrecognized losses are suspended and offset against future individual operating limited partnership income.

 

After the investment account is reduced to zero, receivables due from the operating limited partnerships are decreased by the partnership’s share of losses and, accordingly, a valuation allowance is recorded against the receivables. Accordingly, the Fund recorded a valuation allowance of $401,660 and $603,571 as of March 31, 2017 and 2016, respectively.

 

The Fund reviews its investment in operating limited partnerships for impairment whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. Recoverability is measured by a comparison of the carrying amount of the investment to the sum of the total amount of the remaining tax credits and the estimated residual value of the investment. The Fund also evaluates its intangibles for impairment in connection with its investments in operating limited partnerships. Impairment losses have been recognized for the years ended March 31, 2017 and 2016 of $- and $1,464,002, respectively.

 

Capital contributions to operating limited partnerships are adjusted by tax credit adjusters. Tax credit adjusters are defined as adjustments to operating limited partnership capital contributions due to reductions in actual tax credits from those originally projected. The Fund records tax credit adjusters as a reduction in investments in operating limited partnerships and capital contributions payable.

 

The operating limited partnerships maintain their financial statements based on a calendar year and the fund utilizes a March 31 year end. The Fund records losses and income from the operating limited partnerships on a calendar year basis which is not materially different from losses and income generated if the operating limited partnerships utilized a March 31 year end.

 

The Fund records capital contributions payable to the operating limited partnerships once there is a binding obligation to fund a specified amount. The operating limited partnerships record capital contributions from the fund when received.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

Investments in Operating Limited Partnerships (Continued)

 

Prior to January 1, 1999, the Fund recorded acquisition costs as an increase in its investments in operating limited partnerships. These costs were amortized by the operating limited partnerships over 27.5 years on the straight-line method. Certain operating limited partnerships have not recorded the acquisition costs as a capital contribution from the fund. These differences are shown as reconciling items in note C. As of January 1, 1999, the Fund records acquisition costs incurred after January 1, 1999 as deferred acquisition costs. These costs are amortized on the straight-line method.

 

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. 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 is required to consolidate the VIE.

 

The Fund determines whether an entity is a VIE and whether it is the primary beneficiary at the date of initial involvement with the entity. The Fund reassesses whether it is the primary beneficiary of a VIE on an ongoing basis based on changes in facts and circumstances. In determining whether it is the primary beneficiary, the Partnership considers the purpose and activities of the VIE, including the variability and related risks the VIE incurs and transfers to other entities and their related parties. These factors are considered in determining whether the Fund has the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and whether the Fund also has the obligation to absorb losses of or receive benefits from the VIE that could be potentially significant to the VIE. If the Fund determines that it is the primary beneficiary of the VIE, the VIE is consolidated within the Partnership’s financial statements.

 

Based on this guidance, the operating limited partnerships in which the Fund invests meet the definition of a VIE. However, management does not consolidate the Fund’s interests in these VIEs under this guidance, as it is not considered to be the primary beneficiary. The Fund currently records the amount of its investment in these operating limited partnerships as an asset on its balance sheets, recognizes its share of the operating limited 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 limited partnerships, advances to operating limited 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 operating limited partnerships is mitigated by the condition and financial performance of the underlying properties as well as the strength of the operating limited partnerships' general partners and their guarantee against credit recapture.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

Recent Accounting Pronouncement

 

In February, 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. This will improve certain areas of consolidation guidance for reporting organizations that are required to evaluate whether to consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures. ASU 2015-02 simplified and improves GAAP by: eliminating the presumption that a general partner should consolidate a limited partnership, eliminating the indefinite deferral of FASB Statement No. 167, thereby reducing the number of Variable Interest Entity (VIE) consolidation models from four to two (including the limited partnership consolidation model), and clarifying when fees paid to a decision maker should be a factor to include in the consolidation of VIEs. ASU 2015-02 will be effective for periods beginning after December 15, 2015. The Fund has determined that there is no material impact to its financial statements as a result of this guidance.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

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 funds’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 2013 remain open.

 

Cash and Cash Equivalents

 

Cash equivalents include money market accounts having original maturities at date of acquisition of three months or less. The carrying value approximates fair value because of the short maturity of these instruments.

 

Fiscal Year

 

For financial reporting purposes, the fund uses a March 31 year end, whereas for income tax reporting purposes, the fund uses a calendar year. The operating limited partnerships use a calendar year for both financial and income tax reporting.

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

Net Loss Per Beneficial Assignee Certificate Unit

 

Net loss per beneficial assignee certificate unit is calculated based upon the weighted average number of units outstanding during the year or period. The weighted average number of units in each series at March 31, 2017 and 2016 are as follows:

 

		2017				2016
Series 20			3,840,925				3,854,150
Series 21			1,880,625				1,886,400
Series 22			2,559,111				2,560,550
Series 23			3,321,202				3,330,752
Series 24			2,157,722				2,161,503
Series 25			3,019,434				3,023,459
Series 26			3,981,950				3,988,925
Series 27			2,451,725				2,458,150
Series 28			3,993,363				3,997,613
Series 29			3,976,625				3,987,225
Series 30			2,634,750				2,641,250
Series 31			4,396,307				4,406,457
Series 32			4,740,573				4,746,323
Series 33			2,627,658				2,633,658
Series 34			3,521,619				3,523,169
Series 35			3,292,413				3,295,263
Series 36			2,097,579				2,101,429
Series 37			2,504,525				2,511,250
Series 38			2,540,100				2,542,350
Series 39			2,289,701				2,290,901
Series 40			2,623,506				2,627,506
Series 41			2,889,751				2,891,626
Series 42			2,736,262				2,742,262
Series 43			3,636,612				3,637,987
Series 44			2,699,848				2,701,473
Series 45			4,013,192				4,014,367
Series 46			2,971,998				2,977,998
			83,399,076				83,533,996

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE B - RELATED PARTY TRANSACTIONS

 

During the years ended March 31, 2017 and 2016, the Fund entered into several transactions with various affiliates of the general partner, including Boston Capital Partners, Inc. (BCP), Boston Capital Services, Inc. (BCS), Boston Capital Holdings Limited Partnership (BCHLP) and Boston Capital Asset Management Limited Partnership (BCAM), as follows:

 

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 years ended March 31, 2017 and 2016, are as follows:

 

						2017
		Gross Fund Management Fee				Asset Management and Reporting Fee				Fund Management Fee net of Asset Management and Reporting Fee
Series 20		$	24,843			$	1,367			$	23,476
Series 21			10,872				2,051				8,821
Series 22			29,208				1,100				28,108
Series 23			37,362				5,080				32,282
Series 24			50,352				10,067				40,285
Series 25			23,736				7,360				16,376
Series 26			93,076				5,341				87,735
Series 27			116,442				16,630				99,812
Series 28			44,679				23,000				21,679
Series 29			82,187				7,655				74,532
Series 30			69,684				10,216				59,468
Series 31			134,262				13,000				121,262
Series 32			163,266				18,460				144,806
Series 33			65,592				8,670				56,922
Series 34			70,741				29,315				41,426
Series 35			93,350				49,903				43,447
Series 36			46,580				41,910				4,670
Series 37			117,308				10,518				106,790
Series 38			130,774				27,354				103,420
Series 39			56,801				4,200				52,601
Series 40			137,464				11,425				126,039
Series 41			224,592				27,952				196,640
Series 42			171,480				19,180				152,300
Series 43			230,772				40,748				190,024
Series 44			239,076				32,904				206,172
Series 45			282,759				59,598				223,161
Series 46			236,084				28,475				207,609
		$	2,983,342			$	513,479			$	2,469,863

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE B - RELATED PARTY TRANSACTIONS (Continued)

 

						2016
		Gross Fund Management Fee				Asset Management and Reporting Fee				Fund Management Fee net of Asset Management and Reporting Fee
Series 20		$	32,952			$	4,547			$	28,405
Series 21			23,153				2,051				21,102
Series 22			42,810				5,911				36,899
Series 23			61,058				17,569				43,489
Series 24			50,352				5,858				44,494
Series 25			23,736				7,360				16,376
Series 26			103,978				21,841				82,137
Series 27			153,432				21,380				132,052
Series 28			97,548				10,250				87,298
Series 29			87,860				14,619				73,241
Series 30			84,544				39,690				44,854
Series 31			172,957				34,914				138,043
Series 32			203,918				19,042				184,876
Series 33			72,927				20,420				52,507
Series 34			115,404				32,215				83,189
Series 35			132,845				16,403				116,442
Series 36			126,759				10,242				116,517
Series 37			157,320				11,514				145,806
Series 38			164,400				20,692				143,708
Series 39			123,228				11,135				112,093
Series 40			193,581				13,204				180,377
Series 41			228,916				44,348				184,568
Series 42			196,400				39,673				156,727
Series 43			256,108				62,264				193,844
Series 44			254,628				34,849				219,779
Series 45			283,200				76,242				206,958
Series 46			249,528				31,291				218,237
		$	3,693,542			$	629,524			$	3,064,018

 

All fund management fees will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the partnership's interests in operating limited partnerships. As of March 31, 2017 and 2016, total fund management fees accrued were $39,156,659 and $48,686,899, respectively.

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE B - RELATED PARTY TRANSACTIONS (Continued)

 

The fund management fees paid for the years ended March 31, 2017 and 2016, are as follows:

 

		2017				2016
Series 20		$	-			$	95,580
Series 21			150,000				3,177
Series 22			-				32,873
Series 23			-				215,459
Series 24			50,352				50,352
Series 25			23,736				23,736
Series 26			93,076				103,978
Series 27			116,442				153,432
Series 28			44,679				97,548
Series 29			181,500				323,993
Series 30			-				346,084
Series 31			134,262				3,075,470
Series 32			756,790				118,416
Series 33			900,000				53,079
Series 34			319,000				589,727
Series 35			2,035,603				44,000
Series 36			571,611				25,000
Series 37			575,000				-
Series 38			635,421				25,000
Series 39			677,774				29,999
Series 40			315,722				-
Series 41			100,000				-
Series 42			2,312,520				153,508
Series 43			2,520,094				50,000
Series 44			-				-
Series 45			-				-
Series 46			-				25,000
		$	12,513,582			$	5,635,411

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE B - RELATED PARTY TRANSACTIONS (Continued)

 

An affiliate of the general partner of the Fund has advanced funds to pay some operating expenses of the fund, and to make advances and/or loans to operating limited partnerships. These advances are included in accounts payable to affiliates. The total advances as of March 31, 2017 and 2016, are as follows:

 

		2017				2016
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			-				133,578
Series 35			-				-
Series 36			-				-
Series 37			-				-
Series 38			-				-
Series 39			220,455				220,455
Series 40			-				-
Series 41			-				-
Series 42			-				-
Series 43			-				-
Series 44			206,053				191,791
Series 45			54,659				38,091
Series 46			-				-
		$	481,167			$	583,915

 

During the year ended March 31, 2017, $14,262 and $16,568 for Series 44 and Series 45, respectively, was advanced to the Fund by an affiliate of the general partner. In addition $133,578 for Series 34 was paid by the Fund to an affiliate of the general partner. During the year ended March 31, 2016, $103,171 and $14,906 for Series 44 and Series 45, respectively, was advanced to the Fund by an affiliate of the general partner. In addition $54,660, $370,404, $359,757 and $221,615 for Series 33, Series 40, Series 41 and Series 42, respectively, was paid by the Fund 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.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE B - RELATED PARTY TRANSACTIONS (Continued)

 

During the years ended March 31, 2017 and 2016, general and administrative expenses incurred by Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership and/or Boston Capital Asset Management Limited Partnership were charged to each series’ operations as follows:

 

		2017				2016
Series 20		$	16,622			$	12,732
Series 21			13,370				10,033
Series 22			14,832				11,286
Series 23			16,444				12,754
Series 24			14,350				12,258
Series 25			15,309				12,389
Series 26			18,547				15,060
Series 27			40,226				11,955
Series 28			16,420				13,986
Series 29			17,578				13,243
Series 30			14,993				11,526
Series 31			18,151				15,216
Series 32			17,965				14,108
Series 33			14,218				10,788
Series 34			15,394				12,228
Series 35			15,420				11,982
Series 36			13,183				10,821
Series 37			13,591				10,713
Series 38			14,212				11,412
Series 39			13,065				10,834
Series 40			15,081				11,475
Series 41			16,909				13,418
Series 42			16,382				13,235
Series 43			18,397				14,178
Series 44			14,621				10,671
Series 45			20,809				14,906
Series 46			16,678				12,545
		$	452,767			$	335,752

 

Accounts payable - affiliates at March 31, 2017 and 2016 represents general and administrative expenses, fund management fees, and commissions which are payable to Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership, Boston Capital Services, Inc., and Boston Capital Asset Management Limited Partnership.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS

 

At March 31, 2017 and 2016, the fund has limited partnership interests in operating limited partnerships, which own or are constructing or rehabilitating operating apartment complexes. The number of operating limited partnerships in which the fund has limited partnership interests at March 31, 2017 and 2016 by series are as follows:

 

		2017				2016
Series 20			3				4
Series 21			2				2
Series 22			3				3
Series 23			4				6
Series 24			6				6
Series 25			4				4
Series 26			13				14
Series 27			5				7
Series 28			5				6
Series 29			8				8
Series 30			8				8
Series 31			10				17
Series 32			7				10
Series 33			5				5
Series 34			4				7
Series 35			3				6
Series 36			3				7
Series 37			2				6
Series 38			4				8
Series 39			1				7
Series 40			10				14
Series 41			17				18
Series 42			15				15
Series 43			19				19
Series 44			7				8
Series 45			27				28
Series 46			14				15
			209				258

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

During the year ended March 31, 2017 the Fund disposed of forty nine Operating Partnerships. Gain on disposition is included in share of income (losses) from operating limited partnerships. A summary of the dispositions by Series for March 31, 2017 is as follows.

 

		Operating Partnership Interest Transferred				Sale of Underlying Operating Partnership				Partnership Proceeds from Disposition				Gain on Disposition
Series 20			-				1			$	138,000			$	138,000
Series 23			2				-				488,550				488,550
Series 26			1				-				18,500				18,500
Series 27			1				1				3,016,000				3,016,000
Series 28			1				-				5,000				5,000
Series 31			7				-				877,411				877,411
Series 32			2				1				569,552				569,552
Series 34			3				-				630,691				630,691
Series 35			1				2				2,720,765				2,720,765
Series 36			3				1				2,515,373				2,515,373
Series 37			3				1				2,349,732				2,349,732
Series 38			1				3				3,273,698				3,273,698
Series 39			4				2				1,645,989				1,645,989
Series 40			4				-				93,700				93,700
Series 41			1				-				70,500				70,500
Series 44			-				1				-				-
Series 45			1				-				-				-
Series 46			-				1				393,183				393,183
Total			35				14			$	18,806,644			$	18,806,644

During the year ended March 31, 2016 the Fund disposed of forty eight Operating Partnerships. Gain on disposition is included in share of income (losses) from operating limited partnerships. A summary of the dispositions by Series for March 31, 2016 is as follows.

 

		Operating Partnership Interest Transferred				Sale of Underlying Operating Partnership				Partnership Proceeds from Disposition *				Gain on Disposition
Series 21			2				-			$	326,273			$	326,273
Series 22			3				-				238,796				248,148
Series 23			3				-				247,429				247,429
Series 24			-				-				96,715				16,675
Series 26			3				-				128,000				59,000
Series 28			5				-				1,405,521				1,405,521
Series 29			1				1				199,000				199,000
Series 30			3				-				324,454				273,454
Series 31			1				1				1,328,188				1,328,188
Series 32			-				1				825,886				825,886
Series 33			1				-				1,097,000				1,097,000
Series 34			2				-				328,000				328,000
Series 35			2				1				1,504,603				1,504,603
Series 36			2				-				571,611				571,611
Series 38			2				-				32,421				32,421
Series 39			2				-				102,774				102,774
Series 40			2				-				790,011				790,011
Series 41			1				-				457,440				457,440
Series 42			5				-				3,254,655				3,214,695
Series 43			4				-				2,492,094				2,492,094
Total			44				4			$	15,750,871			$	15,520,223

 

* Partnership proceeds from disposition include $80,040, $69,000, $51,000 and $39,960, for Series 24, Series 26, Series 30 and Series 42, respectively, recorded as a receivable as of March 31, 2015. Partnership proceeds from disposition does not include $9,352 which was due to a writeoff of capital contribution payable Series 22.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

Under the terms of the Fund’s investment in each operating limited partnership, the Fund is required to make capital contributions to the operating limited partnerships. These contributions are payable in installments over several years upon each operating limited partnership achieving specified levels of construction or operations. At March 31, 2017 and 2016, contributions are payable to operating limited partnerships as follows:

 

		2017				2016
Series 20		$	-			$	-
Series 21			-				-
Series 22			-				-
Series 23			-				-
Series 24			-				-
Series 25			-				-
Series 26			-				-
Series 27			-				-
Series 28			-				-
Series 29			8,235				8,235
Series 30			105,139				105,139
Series 31			66,294				66,294
Series 32			1,229				1,229
Series 33			69,154				69,154
Series 34			-				-
Series 35			-				-
Series 36			-				-
Series 37			138,438				138,438
Series 38			-				-
Series 39			-				-
Series 40			102				102
Series 41			100				100
Series 42			73,433				73,433
Series 43			99,265				99,265
Series 44			-				-
Series 45			16,724				16,724
Series 46			-				-
		$	578,113			$	578,113

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Total				Series 20				Series 21
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	226,703,371			$	1,140,993			$	524,510
Acquisition costs of operating limited partnerships			9,097,175				162,528				85,843
Cumulative distributions from operating limited partnerships			(1,675,040	)			-				(22,441	)
Cumulative impairment loss in investments in operating limited partnerships			(122,872,037	)			(337,192	)			(38,116	)
Cumulative losses from operating limited partnerships			(111,253,469	)			(966,329	)			(549,796	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Total				Series 20				Series 21
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(1,145,457	)			-				-
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(1,902,879	)			-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			183,255				7,136				15,685
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(57,696,047	)			(1,066,850	)			(325,745	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			357,746				-				-
Cumulative impairment loss in investments in operating limited partnerships			122,872,037				337,192				38,116
Other			(1,455,539	)			(2,935	)			(43,375	)
Equity per operating limited partnerships’ combined financial statements		$	61,213,116			$	(725,457	)		$	(315,319	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 22				Series 23				Series 24
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	755,045			$	3,303,139			$	2,879,744
Acquisition costs of operating limited partnerships			78,016				482,854				310,375
Cumulative distributions from operating limited partnerships			-				-				(34,932	)
Cumulative impairment loss in investments in operating limited partnerships			(325,787	)			(2,213,351	)			(1,151,381	)
Cumulative losses from operating limited partnerships			(507,274	)			(1,572,642	)			(2,003,806	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 22				Series 23				Series 24
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			-				-				(30,158	)
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(39,009	)			(62,597	)			(91,548	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			7,927				(5,691	)			841
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(856,165	)			(970,072	)			(2,267,378	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				34,901				6,688
Cumulative impairment loss in investments in operating limited partnerships			325,787				2,213,351				1,151,381
Other			1,125				(97,940	)			107,836
Equity per operating limited partnerships’ combined financial statements		$	(560,335	)		$	1,111,952			$	(1,122,338	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 25				Series 26				Series 27
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	1,438,868			$	5,164,819			$	5,994,660
Acquisition costs of operating limited partnerships			167,460				772,454				813,797
Cumulative distributions from operating limited partnerships			(57,503	)			(30,449	)			(1,096	)
Cumulative impairment loss in investments in operating limited partnerships			(1,430,062	)			(1,350,275	)			(3,487,976	)
Cumulative losses from operating limited partnerships			(118,763	)			(4,556,549	)			(3,319,385	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 25				Series 26				Series 27
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			-				(51,000	)			-
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				(59,837	)			(222,527	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			31,239				45,732				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(456,606	)			(4,815,872	)			(1,317,831	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				171,816				-
Cumulative impairment loss in investments in operating limited partnerships			1,430,062				1,350,275				3,487,976
Other			(78,352	)			(94,916	)			(84,291	)
Equity per operating limited partnerships’ combined financial statements		$	926,343			$	(3,453,802	)		$	1,863,327

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 28				Series 29				Series 30
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	2,736,848			$	9,231,659			$	5,493,284
Acquisition costs of operating limited partnerships			388,894				1,333,588				667,262
Cumulative distributions from operating limited partnerships			(5,079	)			(14,324	)			(29,318	)
Cumulative impairment loss in investments in operating limited partnerships			(930,910	)			(5,444,545	)			(2,194,151	)
Cumulative losses from operating limited partnerships			(2,189,753	)			(5,106,378	)			(3,937,077	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 28				Series 29				Series 30
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(12,030	)			-				(112,197	)
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(62,189	)			(596,128	)			(235,701	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			33,990				39,537				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(1,819,446	)			(3,478,199	)			(2,083,473	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				7,039				1,092
Cumulative impairment loss in investments in operating limited partnerships			930,910				5,444,545				2,194,151
Other			(45,965	)			(30,529	)			(21,265	)
Equity per operating limited partnerships’ combined financial statements		$	(974,730	)		$	1,386,265			$	(257,393	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 31				Series 32				Series 33
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	5,898,003			$	14,149,131			$	8,367,365
Acquisition costs of operating limited partnerships			826,360				1,645,450				950,957
Cumulative distributions from operating limited partnerships			(31,355	)			(45,614	)			(3,170	)
Cumulative impairment loss in investments in operating limited partnerships			(3,574,025	)			(9,175,569	)			(6,568,884	)
Cumulative losses from operating limited partnerships			(3,118,983	)			(6,573,398	)			(2,746,268	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 31				Series 32				Series 33
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(47,462	)			(172,318	)			(179,468	)
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(77,600	)			-				(167,193	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			6,859				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(3,188,582	)			(3,395,101	)			(1,876,329	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				29,991				9,684
Cumulative impairment loss in investments in operating limited partnerships			3,574,025				9,175,569				6,568,884
Other			(50,995	)			251,165				(13,716	)
Equity per operating limited partnerships’ combined financial statements		$	216,245			$	5,889,306			$	4,341,862

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 34				Series 35				Series 36
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	6,257,458			$	5,386,247			$	4,276,900
Acquisition costs of operating limited partnerships			411,337				-				-
Cumulative distributions from operating limited partnerships			(20,308	)			(2,459	)			(27,291	)
Cumulative impairment loss in investments in operating limited partnerships			(3,951,725	)			(2,462,259	)			(2,406,542	)
Cumulative losses from operating limited partnerships			(2,696,762	)			(2,921,529	)			(1,843,067	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 34				Series 35				Series 36
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			-				-				-
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(288,550	)			-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(1,354,867	)			(2,237,121	)			(984,727	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				3,300				-
Cumulative impairment loss in investments in operating limited partnerships			3,951,725				2,462,259				2,406,542
Other			(139,920	)			2,467				(33,040	)
Equity per operating limited partnerships’ combined financial statements		$	2,168,388			$	230,905			$	1,388,775

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 37				Series 38				Series 39
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	7,549,550			$	9,815,140			$	671,150
Acquisition costs of operating limited partnerships			-				-				-
Cumulative distributions from operating limited partnerships			(65,908	)			(359,635	)			-
Cumulative impairment loss in investments in operating limited partnerships			(3,922,795	)			(7,194,962	)			(233,531	)
Cumulative losses from operating limited partnerships			(3,560,847	)			(2,260,543	)			(437,619	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 37				Series 38				Series 39
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(155,365	)			-				-
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(1,916,369	)			(866,648	)			(97,796	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			13,201				-				-
Cumulative impairment loss in investments in operating limited partnerships			3,922,795				7,194,962				233,531
Other			(12,299	)			(233,707	)			(72,294	)
Equity per operating limited partnerships’ combined financial statements		$	1,851,963			$	6,094,607			$	63,441

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 40				Series 41				Series 42
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	11,579,898			$	15,436,181			$	16,067,004
Acquisition costs of operating limited partnerships			-				-				-
Cumulative distributions from operating limited partnerships			(22,466	)			(38,570	)			(20,956	)
Cumulative impairment loss in investments in operating limited partnerships			(5,441,719	)			(5,854,800	)			(7,195,970	)
Cumulative losses from operating limited partnerships			(6,115,713	)			(9,542,811	)			(8,850,078	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 40				Series 41				Series 42
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(16,841	)			(33,807	)			(76,678	)
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(2,230,853	)			(3,483,277	)			(4,285,267	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			32,119				-				20,012
Cumulative impairment loss in investments in operating limited partnerships			5,441,719				5,854,800				7,195,970
Other			(72,329	)			(325,495	)			(21,834	)
Equity per operating limited partnerships’ combined financial statements		$	3,153,815			$	2,012,221			$	2,832,203

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 43				Series 44				Series 45
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	23,300,481			$	13,739,925			$	25,600,776
Acquisition costs of operating limited partnerships			-				-				-
Cumulative distributions from operating limited partnerships			(271,984	)			(49,115	)			(320,688	)
Cumulative impairment loss in investments in operating limited partnerships			(11,001,252	)			(5,442,013	)			(16,541,124	)
Cumulative losses from operating limited partnerships			(12,027,245	)			(8,248,797	)			(8,738,964	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 43				Series 44				Series 45
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(121,319	)			-				(129,725	)
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(4,434,039	)			(4,416,600	)			(2,226,331	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				-				23,309
Cumulative impairment loss in investments in operating limited partnerships			11,001,252				5,442,013				16,541,124
Other			(50,452	)			(90,418	)			(164,622	)
Equity per operating limited partnerships’ combined financial statements		$	6,395,442			$	934,995			$	14,043,755

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2017 are summarized as follows:

 

		Series 46
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	19,944,593
Acquisition costs of operating limited partnerships			-
Cumulative distributions from operating limited partnerships			(200,379	)
Cumulative impairment loss in investments in operating limited partnerships			(13,001,121	)
Cumulative losses from operating limited partnerships			(6,743,093	)
Investments in operating limited partnerships per balance sheet			-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 46
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2017 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2016 (see note A).			(7,089	)
The Fund has recorded acquisition costs at March 31, 2017 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(1,244,503	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			4,594
Cumulative impairment loss in investments in operating limited partnerships			13,001,121
Other			(37,443	)
Equity per operating limited partnerships’ combined financial statements		$	11,716,680

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Total				Series 20				Series 21
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	303,772,168			$	1,510,993			$	524,510
Acquisition costs of operating limited partnerships			12,667,316				215,748				85,843
Cumulative distributions from operating limited partnerships			(2,477,305	)			(7,394	)			(22,441	)
Cumulative impairment loss in investments in operating limited partnerships			(161,650,983	)			(409,509	)			(38,116	)
Cumulative losses from operating limited partnerships			(152,311,196	)			(1,309,838	)			(549,796	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Total				Series 20				Series 21
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(1,202,653	)			-				-
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(3,413,891	)			-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			447,007				62,488				15,685
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(72,745,706	)			(988,006	)			(307,183	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			884,505				6,576				-
Cumulative impairment loss in investments in operating limited partnerships			161,650,983				409,509				38,116
Other			(1,837,057	)			(11,516	)			(42,053	)
Equity per operating limited partnerships’ combined financial statements		$	83,783,188			$	(520,949	)		$	(295,435	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 22				Series 23				Series 24
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	755,045			$	4,968,423			$	2,879,744
Acquisition costs of operating limited partnerships			78,016				727,246				310,375
Cumulative distributions from operating limited partnerships			-				-				(34,932	)
Cumulative impairment loss in investments in operating limited partnerships			(325,787	)			(4,061,633	)			(1,151,381	)
Cumulative losses from operating limited partnerships			(507,274	)			(1,634,036	)			(2,003,806	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 22				Series 23				Series 24
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			-				(11,581	)			(30,158	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(39,009	)			(62,597	)			(91,548	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			7,927				7,292				841
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(866,909	)			(1,241,388	)			(2,084,698	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				34,901				6,688
Cumulative impairment loss in investments in operating limited partnerships			325,787				4,061,633				1,151,381
Other			1,125				(133,388	)			115,558
Equity per operating limited partnerships’ combined financial statements		$	(571,079	)		$	2,654,872			$	(931,936	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 25				Series 26				Series 27
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	1,438,868			$	5,527,557			$	8,111,853
Acquisition costs of operating limited partnerships			167,460				824,628				1,143,307
Cumulative distributions from operating limited partnerships			(57,503	)			(40,236	)			(14,167	)
Cumulative impairment loss in investments in operating limited partnerships			(1,359,466	)			(1,822,975	)			(4,036,605	)
Cumulative losses from operating limited partnerships			(189,359	)			(4,488,974	)			(5,204,388	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 25				Series 26				Series 27
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			-				(51,000	)			(39,446	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				(59,837	)			(449,204	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			31,239				45,732				195,417
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(343,851	)			(4,331,079	)			(1,587,855	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				171,816				-
Cumulative impairment loss in investments in operating limited partnerships			1,359,466				1,822,975				4,036,605
Other			(67,544	)			(115,347	)			(291,605	)
Equity per operating limited partnerships’ combined financial statements		$	979,310			$	(2,516,740	)		$	1,863,912

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 28				Series 29				Series 30
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	5,944,962			$	9,231,659			$	5,493,284
Acquisition costs of operating limited partnerships			850,335				1,333,588				667,262
Cumulative distributions from operating limited partnerships			(110,655	)			(14,324	)			(29,318	)
Cumulative impairment loss in investments in operating limited partnerships			(2,158,606	)			(5,444,545	)			(2,194,151	)
Cumulative losses from operating limited partnerships			(4,526,036	)			(5,106,378	)			(3,937,077	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 28				Series 29				Series 30
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(12,030	)			-				(112,197	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(62,189	)			(596,128	)			(235,701	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			33,990				39,537				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(2,842,764	)			(2,951,824	)			(1,907,676	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				7,039				1,092
Cumulative impairment loss in investments in operating limited partnerships			2,158,606				5,444,545				2,194,151
Other			(90,515	)			(30,530	)			(18,522	)
Equity per operating limited partnerships’ combined financial statements		$	(814,902	)		$	1,912,639			$	(78,853	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 31				Series 32				Series 33
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	11,532,547			$	22,949,966			$	8,367,365
Acquisition costs of operating limited partnerships			1,632,942				2,929,785				950,957
Cumulative distributions from operating limited partnerships			(31,404	)			(101,208	)			(3,170	)
Cumulative impairment loss in investments in operating limited partnerships			(6,454,920	)			(13,361,331	)			(6,467,715	)
Cumulative losses from operating limited partnerships			(6,679,165	)			(12,417,212	)			(2,847,437	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 31				Series 32				Series 33
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(47,462	)			(172,318	)			(179,468	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(77,600	)			(1,284,335	)			(167,193	)
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			6,859				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(4,016,452	)			(4,963,274	)			(1,578,487	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			8,501				38,357				9,684
Cumulative impairment loss in investments in operating limited partnerships			6,454,920				13,361,331				6,467,715
Other			(36,552	)			284,785				(13,716	)
Equity per operating limited partnerships’ combined financial statements		$	2,292,214			$	7,264,546			$	4,538,535

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 34				Series 35				Series 36
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	11,227,571			$	10,781,284			$	12,307,640
Acquisition costs of operating limited partnerships			749,824				-				-
Cumulative distributions from operating limited partnerships			(20,308	)			(5,084	)			(100,055	)
Cumulative impairment loss in investments in operating limited partnerships			(6,843,156	)			(5,230,309	)			(6,862,772	)
Cumulative losses from operating limited partnerships			(5,113,931	)			(5,545,891	)			(5,344,813	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 34				Series 35				Series 36
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(6,069	)			-				-
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			(288,550	)			-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(1,642,674	)			(3,423,568	)			(2,019,997	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				78,017				1,370
Cumulative impairment loss in investments in operating limited partnerships			6,843,156				5,230,309				6,862,772
Other			(194,626	)			(24,491	)			(126,915	)
Equity per operating limited partnerships’ combined financial statements		$	4,711,237			$	1,860,267			$	4,717,230

 

 

Boston Capital Tax Credit Fund IV L.P.

NOTES TO FINANCIAL STATEMENTS - CONTINUED

March 31, 2017 and 2016

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 37				Series 38				Series 39
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	16,058,621			$	17,940,834			$	10,069,655
Acquisition costs of operating limited partnerships			-				-				-
Cumulative distributions from operating limited partnerships			(202,524	)			(515,435	)			(224,758	)
Cumulative impairment loss in investments in operating limited partnerships			(7,809,397	)			(10,253,381	)			(4,561,508	)
Cumulative losses from operating limited partnerships			(8,046,700	)			(7,172,018	)			(5,283,389	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 37				Series 38				Series 39
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(155,365	)			-				-
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(7,434,593	)			(4,229,837	)			(3,894,615	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			289,911				59,461				74,689
Cumulative impairment loss in investments in operating limited partnerships			7,809,397				10,253,381				4,561,508
Other			(109,071	)			(209,729	)			(106,547	)
Equity per operating limited partnerships’ combined financial statements		$	400,279			$	5,873,276			$	635,035

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 40				Series 41				Series 42
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	16,293,231			$	16,713,252			$	16,067,004
Acquisition costs of operating limited partnerships			-				-				-
Cumulative distributions from operating limited partnerships			(25,813	)			(50,099	)			(20,956	)
Cumulative impairment loss in investments in operating limited partnerships			(9,078,021	)			(6,847,483	)			(7,195,970	)
Cumulative losses from operating limited partnerships			(7,189,397	)			(9,815,670	)			(8,850,078	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 40				Series 41				Series 42
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(16,841	)			(33,807	)			(76,678	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(2,222,136	)			(3,234,895	)			(3,747,535	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			47,439				1,049				20,012
Cumulative impairment loss in investments in operating limited partnerships			9,078,021				6,847,483				7,195,970
Other			(111,940	)			(294,216	)			(17,777	)
Equity per operating limited partnerships’ combined financial statements		$	6,774,543			$	3,285,614			$	3,373,992

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 43				Series 44				Series 45
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	23,300,481			$	15,745,838			$	25,706,915
Acquisition costs of operating limited partnerships			-				-				-
Cumulative distributions from operating limited partnerships			(271,984	)			(49,763	)			(320,692	)
Cumulative impairment loss in investments in operating limited partnerships			(10,917,292	)			(6,523,727	)			(16,411,048	)
Cumulative losses from operating limited partnerships			(12,111,205	)			(9,172,348	)			(8,975,175	)
Investments in operating limited partnerships per balance sheet			-				-				-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 43				Series 44				Series 45
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(121,319	)			-				(129,725	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-				-				-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-				-				-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(3,960,406	)			(4,381,035	)			(1,542,238	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			-				-				23,309
Cumulative impairment loss in investments in operating limited partnerships			10,917,292				6,523,727				16,411,048
Other			(21,080	)			(64,791	)			(103,424	)
Equity per operating limited partnerships’ combined financial statements		$	6,814,487			$	2,077,901			$	14,658,970

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The Fund’s investments in operating limited partnerships at March 31, 2016 are summarized as follows:

 

		Series 46
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs		$	22,323,066
Acquisition costs of operating limited partnerships			-
Cumulative distributions from operating limited partnerships			(203,082	)
Cumulative impairment loss in investments in operating limited partnerships			(13,830,179	)
Cumulative losses from operating limited partnerships			(8,289,805	)
Investments in operating limited partnerships per balance sheet			-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

		Series 46
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2016 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2015 (see note A).			(7,189	)
The Fund has recorded acquisition costs at March 31, 2016 which have not been recorded in the net assets of the operating limited partnerships (see note A).			-
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A).			-
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A).			(1,000,731	)
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A).			4,594
Cumulative impairment loss in investments in operating limited partnerships			13,830,179
Other			(2,630	)
Equity per operating limited partnerships’ combined financial statements		$	12,824,223

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS

 

		Total				Series 20				Series 21
ASSETS
Buildings and improvements, net of accumulated depreciation		$	394,212,193			$	2,085,075			$	1,489,227
Land			41,747,860				246,238				183,210
Other assets			49,639,300				582,694				366,699
		$	485,599,353			$	2,914,007			$	2,039,136
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	348,577,513			$	3,200,912			$	2,297,325
Accounts payable and accrued expenses			16,107,662				75,817				22,623
Other liabilities			40,891,893				50,451				40,020
			405,577,068				3,327,180				2,359,968
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			61,213,116				(725,457	)			(315,319	)
Other partners			18,809,169				312,284				(5,513	)
			80,022,285				(413,173	)			(320,832	)
		$	485,599,353			$	2,914,007			$	2,039,136

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 22				Series 23				Series 24
ASSETS
Buildings and improvements, net of accumulated depreciation		$	1,945,141			$	4,805,126			$	3,402,825
Land			426,603				522,075				636,838
Other assets			1,013,637				1,248,448				644,794
		$	3,385,381			$	6,575,649			$	4,684,457
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	3,834,362			$	4,961,827			$	5,238,205
Accounts payable and accrued expenses			88,761				157,317				118,124
Other liabilities			65,589				820,842				411,627
			3,988,712				5,939,986				5,767,956
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			(560,335	)			1,111,952				(1,122,338	)
Other partners			(42,996	)			(476,289	)			38,839
			(603,331	)			635,663				(1,083,499	)
		$	3,385,381			$	6,575,649			$	4,684,457

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 25				Series 26				Series 27
ASSETS
Buildings and improvements, net of accumulated depreciation		$	3,013,338			$	7,274,962			$	12,049,493
Land			203,400				620,110				1,360,969
Other assets			919,878				1,105,294				1,862,638
		$	4,136,616			$	9,000,366			$	15,273,100
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	3,290,404			$	10,309,719			$	9,390,191
Accounts payable and accrued expenses			62,955				1,437,631				346,277
Other liabilities			31,649				1,110,272				2,149,189
			3,385,008				12,857,622				11,885,657
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			926,343				(3,453,802	)			1,863,327
Other partners			(174,735	)			(403,454	)			1,524,116
			751,608				(3,857,256	)			3,387,443
		$	4,136,616			$	9,000,366			$	15,273,100

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 28				Series 29				Series 30
ASSETS
Buildings and improvements, net of accumulated depreciation		$	3,949,712			$	9,381,511			$	6,657,707
Land			251,300				694,245				415,348
Other assets			445,890				2,959,653				831,281
		$	4,646,902			$	13,035,409			$	7,904,336
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	4,563,975			$	6,879,017			$	7,235,178
Accounts payable and accrued expenses			177,233				1,061,966				337,340
Other liabilities			1,022,213				3,393,759				699,680
			5,763,421				11,334,742				8,272,198
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			(974,730	)			1,386,265				(257,393	)
Other partners			(141,789	)			314,402				(110,469	)
			(1,116,519	)			1,700,667				(367,862	)
		$	4,646,902			$	13,035,409			$	7,904,336

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 31				Series 32				Series 33
ASSETS
Buildings and improvements, net of accumulated depreciation		$	8,072,673			$	14,247,643			$	14,983,903
Land			725,013				1,185,852				1,328,537
Other assets			1,458,129				1,880,115				1,256,727
		$	10,255,815			$	17,313,610			$	17,569,167
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	9,530,208			$	7,147,321			$	6,828,064
Accounts payable and accrued expenses			534,648				1,213,357				623,125
Other liabilities			340,754				876,272				897,122
			10,405,610				9,236,950				8,348,311
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			216,245				5,889,306				4,341,862
Other partners			(366,040	)			2,187,354				4,878,994
			(149,795	)			8,076,660				9,220,856
		$	10,255,815			$	17,313,610			$	17,569,167

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 34				Series 35				Series 36
ASSETS
Buildings and improvements, net of accumulated depreciation		$	4,939,111			$	6,496,199			$	5,418,554
Land			230,576				671,988				655,300
Other assets			1,074,019				808,787				684,276
		$	6,243,706			$	7,976,974			$	6,758,130
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	3,273,740			$	5,448,834			$	3,488,113
Accounts payable and accrued expenses			222,965				179,364				676,964
Other liabilities			818,633				2,602,051				311,735
			4,315,338				8,230,249				4,476,812
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			2,168,388				230,905				1,388,775
Other partners			(240,020	)			(484,180	)			892,543
			1,928,368				(253,275	)			2,281,318
		$	6,243,706			$	7,976,974			$	6,758,130

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 37				Series 38				Series 39
ASSETS
Buildings and improvements, net of accumulated depreciation		$	4,913,034			$	7,584,676			$	704,469
Land			300,501				670,346				50,000
Other assets			379,600				989,351				36,912
		$	5,593,135			$	9,244,373			$	791,381
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	2,708,987			$	4,509,814			$	705,510
Accounts payable and accrued expenses			539,389				185,976				9,232
Other liabilities			599,151				544,697				23,287
			3,847,527				5,240,487				738,029
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			1,851,963				6,094,607				63,441
Other partners			(106,355	)			(2,090,721	)			(10,089	)
			1,745,608				4,003,886				53,352
		$	5,593,135			$	9,244,373			$	791,381

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 40				Series 41				Series 42
ASSETS
Buildings and improvements, net of accumulated depreciation		$	34,036,000			$	52,194,620			$	38,829,717
Land			3,816,175				7,423,381				5,877,411
Other assets			2,777,597				5,236,886				4,108,842
		$	40,629,772			$	64,854,887			$	48,815,970
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	32,191,614			$	53,514,163			$	34,987,875
Accounts payable and accrued expenses			1,056,318				1,675,342				2,490,974
Other liabilities			1,710,051				2,686,207				3,815,676
			34,957,983				57,875,712				41,294,525
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			3,153,815				2,012,221				2,832,203
Other partners			2,517,974				4,966,954				4,689,242
			5,671,789				6,979,175				7,521,445
		$	40,629,772			$	64,854,887			$	48,815,970

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 43				Series 44				Series 45
ASSETS
Buildings and improvements, net of accumulated depreciation		$	41,562,908			$	31,835,019			$	41,406,048
Land			4,306,232				3,008,317				3,989,836
Other assets			3,973,680				3,488,635				6,245,976
		$	49,842,820			$	38,331,971			$	51,641,860
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	36,674,057			$	36,988,184			$	29,953,961
Accounts payable and accrued expenses			1,350,023				318,124				815,588
Other liabilities			4,916,891				5,494,147				2,853,533
			42,940,971				42,800,455				33,623,082
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			6,395,442				934,995				14,043,755
Other partners			506,407				(5,403,479	)			3,975,023
			6,901,849				(4,468,484	)			18,018,778
		$	49,842,820			$	38,331,971			$	51,641,860

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 46
ASSETS
Buildings and improvements, net of accumulated depreciation		$	30,933,502
Land			1,948,059
Other assets			3,258,862
		$	36,140,423
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	19,425,953
Accounts payable and accrued expenses			330,229
Other liabilities			2,606,395
			22,362,577
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			11,716,680
Other partners			2,061,166
			13,777,846
		$	36,140,423

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS

 

		Total				Series 20				Series 21
ASSETS
Buildings and improvements, net of accumulated depreciation		$	529,415,678			$	3,332,620			$	1,572,107
Land			53,226,657				310,538				183,210
Other assets			66,317,024				1,186,975				331,854
		$	648,959,359			$	4,830,133			$	2,087,171
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	457,774,123			$	4,827,573			$	2,329,701
Accounts payable and accrued expenses			23,355,176				110,814				10,649
Other liabilities			66,468,250				59,330				38,458
			547,597,549				4,997,717				2,378,808
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			83,783,188				(520,949	)			(295,435	)
Other partners			17,578,622				353,365				3,798
			101,361,810				(167,584	)			(291,637	)
		$	648,959,359			$	4,830,133			$	2,087,171

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 22				Series 23				Series 24
ASSETS
Buildings and improvements, net of accumulated depreciation		$	2,058,605			$	8,270,196			$	3,627,508
Land			426,603				911,443				636,838
Other assets			1,074,777				3,582,210				653,001
		$	3,559,985			$	12,763,849			$	4,917,347
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	3,876,441			$	7,344,377			$	5,325,953
Accounts payable and accrued expenses			100,050				347,926				114,929
Other liabilities			69,420				4,908,882				327,523
			4,045,911				12,601,185				5,768,405
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			(571,079	)			2,654,872				(931,936	)
Other partners			85,153				(2,492,208	)			80,878
			(485,926	)			162,664				(851,058	)
		$	3,559,985			$	12,763,849			$	4,917,347

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 25				Series 26				Series 27
ASSETS
Buildings and improvements, net of accumulated depreciation		$	3,131,767			$	8,657,081			$	17,241,309
Land			203,400				680,110				2,571,668
Other assets			933,501				1,418,158				2,384,013
		$	4,268,668			$	10,755,349			$	22,196,990
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	3,346,127			$	11,360,063			$	15,287,429
Accounts payable and accrued expenses			70,325				1,389,206				508,324
Other liabilities			26,620				1,058,361				2,746,562
			3,443,072				13,807,630				18,542,315
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			979,310				(2,516,740	)			1,863,912
Other partners			(153,714	)			(535,541	)			1,790,763
			825,596				(3,052,281	)			3,654,675
		$	4,268,668			$	10,755,349			$	22,196,990

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 28				Series 29				Series 30
ASSETS
Buildings and improvements, net of accumulated depreciation		$	7,014,398			$	9,835,315			$	7,036,190
Land			266,222				694,245				415,348
Other assets			744,475				1,439,626				725,493
		$	8,025,095			$	11,969,186			$	8,177,031
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	8,538,924			$	7,052,254			$	7,370,572
Accounts payable and accrued expenses			328,623				966,993				310,357
Other liabilities			936,630				1,675,171				666,265
			9,804,177				9,694,418				8,347,194
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			(814,902	)			1,912,639				(78,853	)
Other partners			(964,180	)			362,129				(91,310	)
			(1,779,082	)			2,274,768				(170,163	)
		$	8,025,095			$	11,969,186			$	8,177,031

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 31				Series 32				Series 33
ASSETS
Buildings and improvements, net of accumulated depreciation		$	16,497,019			$	20,224,966			$	15,649,517
Land			1,102,473				1,360,852				1,328,537
Other assets			2,515,292				2,411,015				1,467,582
		$	20,114,784			$	23,996,833			$	18,445,636
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	16,249,514			$	10,787,090			$	7,137,297
Accounts payable and accrued expenses			661,063				2,769,726				671,157
Other liabilities			568,549				1,094,844				894,554
			17,479,126				14,651,660				8,703,008
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			2,292,214				7,264,546				4,538,535
Other partners			343,444				2,080,627				5,204,093
			2,635,658				9,345,173				9,742,628
		$	20,114,784			$	23,996,833			$	18,445,636

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 34				Series 35				Series 36
ASSETS
Buildings and improvements, net of accumulated depreciation		$	10,453,950			$	20,625,675			$	17,723,639
Land			1,133,280				2,695,102				1,833,180
Other assets			1,991,614				2,613,971				2,466,948
		$	13,578,844			$	25,934,748			$	22,023,767
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	7,233,483			$	15,676,104			$	12,638,012
Accounts payable and accrued expenses			254,244				399,861				1,971,020
Other liabilities			1,250,258				6,129,396				502,961
			8,737,985				22,205,361				15,111,993
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			4,711,237				1,860,267				4,717,230
Other partners			129,622				1,869,120				2,194,544
			4,840,859				3,729,387				6,911,774
		$	13,578,844			$	25,934,748			$	22,023,767

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 37				Series 38				Series 39
ASSETS
Buildings and improvements, net of accumulated depreciation		$	21,832,900			$	17,129,023			$	10,554,350
Land			1,625,738				1,519,206				1,061,888
Other assets			2,111,926				1,991,354				1,179,735
		$	25,570,564			$	20,639,583			$	12,795,973
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	17,549,703			$	13,819,417			$	10,114,858
Accounts payable and accrued expenses			2,360,796				250,053				222,241
Other liabilities			6,332,846				2,874,467				2,335,993
			26,243,345				16,943,937				12,673,092
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			400,279				5,873,276				635,035
Other partners			(1,073,060	)			(2,177,630	)			(512,154	)
			(672,781	)			3,695,646				122,881
		$	25,570,564			$	20,639,583			$	12,795,973

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 40				Series 41				Series 42
ASSETS
Buildings and improvements, net of accumulated depreciation		$	44,047,875			$	56,126,204			$	40,671,186
Land			4,690,941				7,583,381				5,877,411
Other assets			3,736,506				6,160,084				4,492,349
		$	52,475,322			$	69,869,669			$	51,040,946
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	39,778,652			$	55,916,451			$	36,161,415
Accounts payable and accrued expenses			1,618,018				1,636,364				2,534,425
Other liabilities			4,687,420				3,729,671				3,819,627
			46,084,090				61,282,486				42,515,467
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			6,774,543				3,285,614				3,373,992
Other partners			(383,311	)			5,301,569				5,151,487
			6,391,232				8,587,183				8,525,479
		$	52,475,322			$	69,869,669			$	51,040,946

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 43				Series 44				Series 45
ASSETS
Buildings and improvements, net of accumulated depreciation		$	43,756,712			$	36,930,412			$	47,639,086
Land			4,306,232				3,130,916				4,314,836
Other assets			4,165,140				4,122,248				6,771,223
		$	52,228,084			$	44,183,576			$	58,725,145
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	37,823,234			$	40,047,937			$	36,009,724
Accounts payable and accrued expenses			1,260,622				679,030				1,383,333
Other liabilities			4,929,604				6,225,735				5,238,485
			44,013,460				46,952,702				42,631,542
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			6,814,487				2,077,901				14,658,970
Other partners			1,400,137				(4,847,027	)			1,434,633
			8,214,624				(2,769,126	)			16,093,603
		$	52,228,084			$	44,183,576			$	58,725,145

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED BALANCE SHEETS - CONTINUED

 

		Series 46
ASSETS
Buildings and improvements, net of accumulated depreciation		$	37,776,068
Land			2,363,059
Other assets			3,645,954
		$	43,785,081
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Mortgages and construction loans payable		$	24,171,818
Accounts payable and accrued expenses			425,027
Other liabilities			3,340,618
			27,937,463
PARTNERS’ CAPITAL (DEFICIT)
Boston Capital Tax Credit Fund IV L.P.			12,824,223
Other partners			3,023,395
			15,847,618
		$	43,785,081

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Total				Series 20				Series 21
Revenue
Rent		$	85,755,446			$	889,757			$	493,555
Interest and other			2,943,930				51,176				3,440
			88,699,376				940,933				496,995
Expenses
Interest			17,012,370				67,782				39,664
Depreciation and amortization			22,495,020				257,685				82,880
Taxes and insurance			10,332,106				96,986				68,302
Repairs and maintenance			19,174,823				304,750				129,182
Operating expenses			29,285,986				360,239				195,717
Impairment loss			-				-				-
Other expenses			1,936,798				14,439				-
			100,237,103				1,101,881				515,745
NET INCOME (LOSS)		$	(11,537,727	)		$	(160,948	)		$	(18,750	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(8,901,790	)		$	(106,474	)		$	(39,102	)
Net income (loss) allocated to other partners		$	(2,635,937	)		$	(54,474	)		$	20,352

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 22				Series 23				Series 24
Revenue
Rent		$	780,062			$	1,426,787			$	1,218,703
Interest and other			36,302				112,584				28,210
			816,364				1,539,371				1,246,913
Expenses
Interest			70,347				117,886				127,601
Depreciation and amortization			166,222				286,650				361,276
Taxes and insurance			110,615				155,346				117,868
Repairs and maintenance			289,406				284,376				357,522
Operating expenses			283,947				864,097				486,157
Impairment loss			-				-				-
Other expenses			13,232				14,212				11,156
			933,769				1,722,567				1,461,580
NET INCOME (LOSS)		$	(117,405	)		$	(183,196	)		$	(214,667	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(45,959	)		$	(159,714	)		$	(185,148	)
Net income (loss) allocated to other partners		$	(71,446	)		$	(23,482	)		$	(29,519	)

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 25				Series 26				Series 27
Revenue
Rent		$	857,567			$	2,172,933			$	3,174,381
Interest and other			20,950				57,555				25,493
			878,517				2,230,488				3,199,874
Expenses
Interest			80,735				306,650				509,261
Depreciation and amortization			176,707				572,435				661,245
Taxes and insurance			92,956				296,029				366,487
Repairs and maintenance			188,389				687,453				605,819
Operating expenses			368,878				850,626				974,005
Impairment loss			-				-				-
Other expenses			8,814				15,500				38,677
			916,479				2,728,693				3,155,494
NET INCOME (LOSS)		$	(37,962	)		$	(498,205	)		$	44,380
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(112,755	)		$	(500,992	)		$	(164,034	)
Net income (loss) allocated to other partners		$	74,793			$	2,787			$	208,414

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 28				Series 29				Series 30
Revenue
Rent		$	1,002,280			$	1,870,776			$	1,509,820
Interest and other			25,270				170,891				38,014
			1,027,550				2,041,667				1,547,834
Expenses
Interest			163,031				417,247				157,690
Depreciation and amortization			225,777				541,192				405,826
Taxes and insurance			132,749				269,958				197,172
Repairs and maintenance			213,513				457,333				335,232
Operating expenses			437,570				909,738				625,657
Impairment loss			-				-				-
Other expenses			-				20,300				9,527
			1,172,640				2,615,768				1,731,104
NET INCOME (LOSS)		$	(145,090	)		$	(574,101	)		$	(183,270	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(198,898	)		$	(531,118	)		$	(187,074	)
Net income (loss) allocated to other partners		$	53,808			$	(42,983	)		$	3,804

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 31				Series 32				Series 33
Revenue
Rent		$	1,706,240			$	2,847,292			$	2,625,326
Interest and other			48,995				86,930				86,895
			1,755,235				2,934,222				2,712,221
Expenses
Interest			168,268				468,653				441,719
Depreciation and amortization			573,233				816,277				707,952
Taxes and insurance			288,339				348,890				335,238
Repairs and maintenance			284,817				745,036				623,753
Operating expenses			935,094				929,535				990,872
Impairment loss			-				-				-
Other expenses			6,013				220,748				110,459
			2,255,764				3,529,139				3,209,993
NET INCOME (LOSS)		$	(500,529	)		$	(594,917	)		$	(497,772	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(497,487	)		$	(529,907	)		$	(297,842	)
Net income (loss) allocated to other partners		$	(3,042	)		$	(65,010	)		$	(199,930	)

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 34				Series 35				Series 36
Revenue
Rent		$	971,745			$	1,806,433			$	1,365,067
Interest and other			35,012				69,612				90,846
			1,006,757				1,876,045				1,455,913
Expenses
Interest			104,262				290,660				257,096
Depreciation and amortization			275,627				485,344				400,786
Taxes and insurance			141,495				203,459				252,292
Repairs and maintenance			286,631				260,199				277,928
Operating expenses			326,343				620,343				434,010
Impairment loss			-				-				-
Other expenses			-				25,200				33,541
			1,134,358				1,885,205				1,655,653
NET INCOME (LOSS)		$	(127,601	)		$	(9,160	)		$	(199,740	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(136,875	)		$	(40,749	)		$	(131,250	)
Net income (loss) allocated to other partners		$	9,274			$	31,589			$	(68,490	)

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 37				Series 38				Series 39
Revenue
Rent		$	1,039,639			$	1,774,853			$	168,432
Interest and other			102,567				21,673				-
			1,142,206				1,796,526				168,432
Expenses
Interest			160,035				247,122				6,237
Depreciation and amortization			358,716				372,627				29,091
Taxes and insurance			201,945				214,991				15,558
Repairs and maintenance			193,056				414,817				60,340
Operating expenses			402,404				633,207				70,601
Impairment loss			-				-				-
Other expenses			23,041				18,000				-
			1,339,197				1,900,764				181,827
NET INCOME (LOSS)		$	(196,991	)		$	(104,238	)		$	(13,395	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(141,806	)		$	(144,427	)		$	(13,393	)
Net income (loss) allocated to other partners		$	(55,185	)		$	40,189			$	(2	)

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 40				Series 41				Series 42
Revenue
Rent		$	7,913,892			$	12,012,632			$	7,743,859
Interest and other			203,429				279,982				260,401
			8,117,321				12,292,614				8,004,260
Expenses
Interest			2,291,713				3,221,005				1,812,102
Depreciation and amortization			1,873,123				2,810,380				2,129,667
Taxes and insurance			1,045,058				1,452,787				865,086
Repairs and maintenance			1,488,255				2,489,498				1,833,446
Operating expenses			1,783,214				3,034,020				2,567,479
Impairment loss			-				-				-
Other expenses			296,558				340,154				297,284
			8,777,921				13,347,844				9,505,064
NET INCOME (LOSS)		$	(660,600	)		$	(1,055,230	)		$	(1,500,804	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(695,283	)		$	(535,125	)		$	(678,898	)
Net income (loss) allocated to other partners		$	34,683			$	(520,105	)		$	(821,906	)

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 43				Series 44				Series 45
Revenue
Rent		$	7,766,042			$	7,687,702			$	8,007,329
Interest and other			468,895				327,166				178,014
			8,234,937				8,014,868				8,185,343
Expenses
Interest			1,506,832				1,873,630				1,104,605
Depreciation and amortization			2,528,048				1,868,001				2,250,286
Taxes and insurance			817,994				554,655				948,985
Repairs and maintenance			1,962,505				1,516,605				1,937,661
Operating expenses			3,247,142				2,660,711				2,758,102
Impairment loss			-				-				-
Other expenses			69,965				97,607				214,186
			10,132,486				8,571,209				9,213,825
NET INCOME (LOSS)		$	(1,897,549	)		$	(556,341	)		$	(1,028,482	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(749,824	)		$	(596,043	)		$	(915,282	)
Net income (loss) allocated to other partners		$	(1,147,725	)		$	39,702			$	(113,200	)

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2016 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2016 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 46
Revenue
Rent		$	4,922,342
Interest and other			113,628
			5,035,970
Expenses
Interest			1,000,537
Depreciation and amortization			1,277,967
Taxes and insurance			740,866
Repairs and maintenance			947,301
Operating expenses			1,536,278
Impairment loss			-
Other expenses			38,185
			5,541,134
NET INCOME (LOSS)		$	(505,164	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(566,331	)
Net income (loss) allocated to other partners		$	61,167

 

*

Amounts include $106,474, $39,102, $45,959, $159,714, $185,148, $112,755, $500,992, $164,034, $198,898, $531,118, $187,074, $497,487, $529,907, $297,842, $136,875, $40,749, $131,250, $141,806, $144,427, $13,393, $695,283, $535,125, $678,898, $749,824, $596,043, $915,282 and $566,331 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Total				Series 20				Series 21
Revenue
Rent		$	111,776,843			$	1,185,836			$	501,207
Interest and other			4,528,841				47,917				3,473
			116,305,684				1,233,753				504,680
Expenses
Interest			22,696,497				103,823				42,173
Depreciation and amortization			30,995,689				319,299				83,029
Taxes and insurance			14,155,041				133,186				65,006
Repairs and maintenance			23,031,379				340,694				108,441
Operating expenses			38,937,669				484,527				185,059
Impairment loss			-				-				-
Other expenses			2,310,183				16,039				-
			132,126,458				1,397,568				483,708
NET INCOME (LOSS)		$	(15,820,774	)		$	(163,815	)		$	20,972
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(11,941,106	)		$	(109,408	)		$	-
Net income (loss) allocated to other partners		$	(3,879,668	)		$	(54,407	)		$	20,972

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 22				Series 23				Series 24
Revenue
Rent		$	779,764			$	2,536,702			$	1,202,358
Interest and other			43,150				89,120				23,919
			822,914				2,625,822				1,226,277
Expenses
Interest			72,934				275,105				121,338
Depreciation and amortization			179,088				982,215				351,255
Taxes and insurance			119,915				392,801				121,189
Repairs and maintenance			237,302				502,492				312,955
Operating expenses			285,458				1,088,431				474,834
Impairment loss			-				-				-
Other expenses			13,232				39,202				20,286
			907,929				3,280,246				1,401,857
NET INCOME (LOSS)		$	(85,015	)		$	(654,424	)		$	(175,580	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(57,309	)		$	(372,667	)		$	(146,078	)
Net income (loss) allocated to other partners		$	(27,706	)		$	(281,757	)		$	(29,502	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 25				Series 26				Series 27
Revenue
Rent		$	869,428			$	2,376,345			$	4,652,943
Interest and other			32,201				59,021				43,508
			901,629				2,435,366				4,696,451
Expenses
Interest			84,140				374,082				874,561
Depreciation and amortization			170,873				618,827				916,029
Taxes and insurance			98,899				341,777				602,180
Repairs and maintenance			206,013				640,467				825,870
Operating expenses			350,467				896,421				1,405,937
Impairment loss			-				-				-
Other expenses			8,889				15,500				48,712
			919,281				2,887,074				4,673,289
NET INCOME (LOSS)		$	(17,652	)		$	(451,708	)		$	23,162
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(70,287	)		$	(461,073	)		$	(226,075	)
Net income (loss) allocated to other partners		$	52,635			$	9,365			$	249,237

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 28				Series 29				Series 30
Revenue
Rent		$	1,621,261			$	1,976,028			$	1,493,470
Interest and other			34,516				182,610				143,545
			1,655,777				2,158,638				1,637,015
Expenses
Interest			171,663				457,017				165,357
Depreciation and amortization			503,916				535,120				405,307
Taxes and insurance			198,050				321,634				200,403
Repairs and maintenance			381,359				433,100				364,975
Operating expenses			912,589				843,779				696,234
Impairment loss			-				-				-
Other expenses			-				27,700				6,747
			2,167,577				2,618,350				1,839,023
NET INCOME (LOSS)		$	(511,800	)		$	(459,712	)		$	(202,008	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(533,920	)		$	(442,926	)		$	(174,671	)
Net income (loss) allocated to other partners		$	22,120			$	(16,786	)		$	(27,337	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 31				Series 32				Series 33
Revenue
Rent		$	3,857,615			$	3,937,997			$	2,587,763
Interest and other			136,085				522,343				90,053
			3,993,700				4,460,340				2,677,816
Expenses
Interest			346,210				679,912				446,506
Depreciation and amortization			1,077,795				1,225,244				726,280
Taxes and insurance			606,394				491,697				343,569
Repairs and maintenance			710,461				756,911				491,833
Operating expenses			1,763,442				1,518,818				1,017,937
Impairment loss			-				-				-
Other expenses			21,482				280,517				106,005
			4,525,784				4,953,099				3,132,130
NET INCOME (LOSS)		$	(532,084	)		$	(492,759	)		$	(454,314	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(551,230	)		$	(513,975	)		$	(250,938	)
Net income (loss) allocated to other partners		$	19,146			$	21,216			$	(203,376	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 34				Series 35				Series 36
Revenue
Rent		$	2,461,028			$	5,117,009			$	3,882,110
Interest and other			71,256				187,870				100,935
			2,532,284				5,304,879				3,983,045
Expenses
Interest			391,137				1,128,100				716,386
Depreciation and amortization			647,172				1,617,552				1,292,043
Taxes and insurance			335,716				637,437				563,732
Repairs and maintenance			487,407				780,180				591,114
Operating expenses			1,000,614				1,725,195				1,502,446
Impairment loss			-				-				-
Other expenses			10,300				63,200				80,836
			2,872,346				5,951,664				4,746,557
NET INCOME (LOSS)		$	(340,062	)		$	(646,785	)		$	(763,512	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P. *		$	(360,810	)		$	(403,942	)		$	(381,014	)
Net income (loss) allocated to other partners		$	20,748			$	(242,843	)		$	(382,498	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 37				Series 38				Series 39
Revenue
Rent		$	4,887,918			$	4,461,135			$	2,910,257
Interest and other			224,158				168,050				141,742
			5,112,076				4,629,185				3,051,999
Expenses
Interest			979,187				870,411				586,862
Depreciation and amortization			1,536,522				1,082,815				688,543
Taxes and insurance			762,488				530,136				301,988
Repairs and maintenance			948,457				915,337				599,784
Operating expenses			2,099,524				1,760,555				1,261,653
Impairment loss			-				-				-
Other expenses			120,646				85,767				106,939
			6,446,824				5,245,021				3,545,769
NET INCOME (LOSS)		$	(1,334,748	)		$	(615,836	)		$	(493,770	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(973,078	)		$	(401,471	)		$	(283,760	)
Net income (loss) allocated to other partners		$	(361,670	)		$	(214,365	)		$	(210,010	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 40				Series 41				Series 42
Revenue
Rent		$	8,988,443			$	12,011,209			$	7,616,395
Interest and other			274,699				362,739				436,587
			9,263,142				12,373,948				8,052,982
Expenses
Interest			2,623,328				3,198,557				1,728,329
Depreciation and amortization			2,297,137				2,904,618				2,165,627
Taxes and insurance			1,278,199				1,530,747				935,026
Repairs and maintenance			1,459,904				2,347,072				2,050,409
Operating expenses			2,139,931				2,864,489				2,287,940
Impairment loss			-				-				-
Other expenses			88,325				331,540				303,017
			9,886,824				13,177,023				9,470,348
NET INCOME (LOSS)		$	(623,682	)		$	(803,075	)		$	(1,417,366	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(485,428	)		$	(652,535	)		$	(820,041	)
Net income (loss) allocated to other partners		$	(138,254	)		$	(150,540	)		$	(597,325	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 43				Series 44				Series 45
Revenue
Rent		$	7,586,036			$	7,672,594			$	8,630,960
Interest and other			410,256				301,391				182,275
			7,996,292				7,973,985				8,813,235
Expenses
Interest			1,466,381				2,015,917				1,399,484
Depreciation and amortization			2,577,315				2,052,878				2,530,687
Taxes and insurance			820,521				560,059				1,056,860
Repairs and maintenance			1,888,325				1,587,593				1,864,206
Operating expenses			2,921,473				2,450,076				2,954,780
Impairment loss			-				-				-
Other expenses			83,350				102,792				237,084
			9,757,365				8,769,315				10,043,101
NET INCOME (LOSS)		$	(1,761,073	)		$	(795,330	)		$	(1,229,866	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(980,275	)		$	(612,970	)		$	(843,380	)
Net income (loss) allocated to other partners		$	(780,798	)		$	(182,360	)		$	(386,486	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Continued)

 

The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2015 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2015 are as follows:

 

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS

 

		Series 46
Revenue
Rent		$	5,973,032
Interest and other			215,422
			6,188,454
Expenses
Interest			1,377,597
Depreciation and amortization			1,508,503
Taxes and insurance			805,432
Repairs and maintenance			1,198,718
Operating expenses			2,045,060
Impairment loss			-
Other expenses			92,076
			7,027,386
NET INCOME (LOSS)		$	(838,932	)
Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.  *		$	(831,845	)
Net income (loss) allocated to other partners		$	(7,087	)

 

*

Amounts include $109,408, $0, $57,309, $372,667, $146,078, $70,287, $461,073, $226,075, $533,920, $442,926, $174,671, $551,230, $513,975, $250,938, $360,810, $403,942, $381,014, $973,078, $401,471, $283,760, $485,428, $652,535, $820,041, $980,275, $612,970, $674,036 and $677,325 for Series 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45 and 46, respectively, of loss not recognized under the equity method of accounting as described in note A.

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE D - NOTES RECEIVABLE

 

Notes receivable at March 31, 2017 and 2016 consist of advance installments of $22,790 for both years, of capital contributions to operating limited partnerships. The notes are comprised of interest bearing notes at prime + 1.75%. Prime was 3.25% as of March 31, 2017 and 2016. These notes are secured by future installments of capital contributions or paid upon demand. The notes at March 31, 2017 and 2016 by series are as follows:

 

		2017				2016
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			22,790				22,790
Series 43			-				-
Series 44			-				-
Series 45			-				-
Series 46			-				-
		$	22,790			$	22,790

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Total				Series 20				Series 21
Net income (loss) for financial reporting purposes		$	15,103,290			$	65,321			$	(44,938	)
Operating limited partnership rents received in advance			155				-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(9,530,240	)			24,843				(139,128	)
Other			8,210,250				522,385				18,446
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(8,901,790	)			(106,474	)			(39,102	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(2,914,770	)			(17,784	)			(33,177	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(17,518,111	)			(131,295	)			1,060
Income (loss) for tax return purposes, December 31, 2016		$	(15,551,216	)		$	356,996			$	(236,839	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Series 22				Series 23				Series 24
Net income (loss) for financial reporting purposes		$	(72,794	)		$	402,128			$	(75,371	)
Operating limited partnership rents received in advance			-				-				(358	)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			29,208				37,362				-
Other			547,008				60,716				30,366
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(45,959	)			(159,714	)			(185,148	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(19,546	)			(28,172	)			(52,400	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(31,291	)			(703,528	)			(10,228	)
Income (loss) for tax return purposes, December 31, 2016		$	406,626			$	(391,208	)		$	(293,139	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

		Series 25				Series 26				Series 27
Net income (loss) for financial reporting purposes		$	(51,336	)		$	(126,723	)		$	2,675,164
Operating limited partnership rents received in advance			-				-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			-				-				-
Other			65,984				708				3,509,504
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(112,755	)			(500,992	)			(164,034	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(61,003	)			(102,807	)			106,695
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for  tax purposes			(6,578	)			(11,559	)			(2,896,130	)
Income (loss) for tax return purposes, December 31, 2016		$	(165,688	)		$	(741,373	)		$	3,231,199

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Series 28				Series 29				Series 30
Net income (loss) for financial reporting purposes		$	(64,444	)		$	(173,797	)		$	(103,851	)
Operating limited partnership rents received in advance			-				8,486				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			-				(99,313	)			69,684
Other			87,980				97,387				21,360
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(198,898	)			(531,118	)			(187,074	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(70,559	)			(111,292	)			(104,590	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for  tax purposes			(10,783	)			217,422				(285,411	)
Income (loss) for tax return purposes, December 31, 2016		$	(256,704	)		$	(592,225	)		$	(589,882	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

		Series 31				Series 32				Series 33
Net income (loss) for financial reporting purposes		$	698,887			$	374,024			$	(94,282	)
Operating limited partnership rents received in advance			-				(1,053	)			3,591
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			-				(593,524	)			(834,408	)
Other			1,772,400				76,514				116,153
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(497,487	)			(529,907	)			(297,842	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(120,866	)			(148,783	)			(122,731	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(879,687	)			(580,023	)			(5,328	)
Income (loss) for tax return purposes, December 31, 2016		$	973,247			$	(1,402,752	)		$	(1,234,847	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Series 34				Series 35				Series 36
Net income (loss) for financial reporting purposes		$	556,742			$	2,641,797			$	2,482,508
Operating limited partnership rents  received in advance			-				2,642				(1,519	)
Accrued partnership fund management  fee not deducted (deducted) for  income tax purposes			(248,259	)			(1,942,253	)			(525,031	)
Other			(1,066,168	)			1,264,928				889,821
Operating limited partnership losses not  recognized for financial reporting  purposes under equity method of  accounting			(136,875	)			(40,749	)			(131,250	)
Excess of tax depreciation over book  depreciation on operating limited  partnership assets			(70,296	)			(79,294	)			(29,683	)
Impairment loss not recognized for tax  purposes			-				-				-
Operating limited partnership impairment  loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(647,142	)			(2,304,632	)			(2,582,560	)
Income (loss) for tax return  purposes, December 31, 2016		$	(1,611,998	)		$	(457,561	)		$	102,286

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Series 37				Series 38				Series 39
Net income (loss) for financial reporting purposes		$	2,213,042			$	3,212,273			$	1,554,531
Operating limited partnership rents received in advance			(6,374	)			-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(457,692	)			(504,647	)			(620,973	)
Other			1,380,551				2,040,553				(1,571,550	)
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(141,806	)			(144,427	)			(13,393	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(20,612	)			(112,811	)			(13,019	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(1,854,291	)			(2,730,241	)			(1,069,742	)
Income (loss) for tax return purposes, December 31, 2016		$	1,112,818			$	1,760,700			$	(1,734,146	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

		Series 40				Series 41				Series 42
Net income (loss) for financial reporting purposes		$	(79,129	)		$	(137,219	)		$	(199,189	)
Operating limited partnership rents received in advance			(2,549	)			-				240
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(178,258	)			124,592				(2,141,040	)
Other			(2,082,251	)			(176,849	)			124,991
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(695,283	)			(535,125	)			(678,898	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(115,566	)			(207,789	)			(215,303	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(158,655	)			(202,362	)			(67,226	)
Income (loss) for tax return purposes, December 31, 2016		$	(3,311,691	)		$	(1,134,752	)		$	(3,176,425	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Series 43				Series 44				Series 45
Net income (loss) for financial reporting purposes		$	(246,031	)		$	(231,517	)		$	(244,274	)
Operating limited partnership rents received in advance			(323	)			-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(2,289,322	)			239,076				282,759
Other			(137,271	)			(62,471	)			239,056
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(749,824	)			(596,043	)			(915,282	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(195,524	)			(295,249	)			(274,370	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			186,238				(128,192	)			(137,774	)
Income (loss) for tax return purposes, December 31, 2016		$	(3,432,057	)		$	(1,074,396	)		$	(1,049,885	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2017 is reconciled as follows:

 

		Series 46
Net income (loss) for financial reporting purposes		$	171,768
Operating limited partnership rents received in advance			(2,628	)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			236,084
Other			439,999
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(566,331	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(398,239	)
Impairment loss not recognized for tax purposes			-
Operating limited partnership impairment loss not recognized for tax purposes			-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(488,173	)
Income (loss) for tax return purposes, December 31, 2016		$	(607,520	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Total				Series 20				Series 21
Net income (loss) for financial reporting purposes		$	10,666,816			$	(66,671	)		$	279,798
Operating limited partnership rents received in advance			33,570				-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(1,941,869	)			(62,628	)			19,976
Other			21,948,565				952				1,171,340
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(11,617,242	)			(109,408	)			-
Excess of tax depreciation over book depreciation on operating limited partnership assets			(4,565,374	)			(40,532	)			(35,256	)
Impairment loss not recognized for tax purposes			1,464,002				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(17,613,704	)			(4,798	)			(390,000	)
Income (loss) for tax return purposes, December 31, 2015		$	(1,625,236	)		$	(283,085	)		$	1,045,858

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 22				Series 23				Series 24
Net income (loss) for financial reporting purposes		$	178,017			$	168,719			$	27,462
Operating limited partnership rents received in advance			-				-				358
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			9,937				(154,401	)			-
Other			634,033				573,118				157,886
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(57,309	)			(372,667	)			(146,078	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(11,278	)			(74,999	)			(39,106	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(222,930	)			12,654				51,324
Income (loss) for tax return purposes, December 31, 2015		$	530,470			$	152,424			$	51,846

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 25				Series 26				Series 27
Net income (loss) for financial reporting purposes		$	(33,376	)		$	(66,471	)		$	(152,027	)
Operating limited partnership rents received in advance			-				-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			-				-				-
Other			50,851				1,509,253				106,892
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(70,287	)			(461,073	)			(226,075	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(65,924	)			(123,216	)			(253,680	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(14,657	)			(95,955	)			(20,623	)
Income (loss) for tax return purposes, December 31, 2015		$	(133,393	)		$	762,538			$	(545,513	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 28				Series 29				Series 30
Net income (loss) for financial reporting purposes		$	1,295,112			$	355,117			$	191,558
Operating limited partnership rents received in advance			-				-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			-				(236,133	)			(261,540	)
Other			751,162				1,907,192				(733,450	)
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(533,920	)			(442,926	)			(174,671	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(67,191	)			(128,069	)			(91,676	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(1,394,145	)			(380,363	)			2,962
Income (loss) for tax return purposes, December 31, 2015		$	51,018			$	1,074,818			$	(1,066,817	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 31				Series 32				Series 33
Net income (loss) for financial reporting purposes		$	1,144,794			$	615,369			$	1,023,616
Operating limited partnership rents received in advance			-				10,480				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(2,902,513	)			85,502				19,848
Other			5,881,305				2,948,629				358,642
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(551,230	)			(513,975	)			(250,938	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(136,785	)			(201,736	)			(124,116	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(1,294,196	)			(878,598	)			(1,094,625	)
Income (loss) for tax return purposes, December 31, 2015		$	2,141,375			$	2,065,671			$	(67,573	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 34				Series 35				Series 36
Net income (loss) for financial reporting purposes		$	316,271			$	1,374,252			$	444,498
Operating limited partnership rents received in advance			-				388				530
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			(474,323	)			88,845				101,759
Other			3,365,399				(981,206	)			389,350
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(360,810	)			(403,942	)			(381,014	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(126,064	)			(131,468	)			(110,314	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(333,873	)			(1,587,306	)			(659,104	)
Income (loss) for tax return purposes, December 31, 2015		$	2,386,600			$	(1,640,437	)		$	(214,295	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 37				Series 38				Series 39
Net income (loss) for financial reporting purposes		$	(161,074	)		$	(91,569	)		$	49,450
Operating limited partnership rents received in advance			1,620				7,881				7,879
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			157,320				139,400				93,229
Other			1,915,796				178,787				(1,089,112	)
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(973,078	)			(401,471	)			(283,760	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(159,522	)			(354,740	)			(255,315	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for  tax purposes			(80,976	)			(178,037	)			(266,500	)
Income (loss) for tax return purposes, December 31, 2015		$	700,086			$	(699,749	)		$	(1,744,129	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 40				Series 41				Series 42
Net income (loss) for financial reporting purposes		$	584,797			$	302,913			$	3,133,162
Operating limited partnership rents received in advance			255				-				1,603
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			193,581				228,916				42,892
Other			689,192				617,780				268,792
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(485,428	)			(652,535	)			(820,041	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(211,853	)			(250,072	)			(226,546	)
Impairment loss not recognized for tax purposes			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(1,904,213	)			(631,463	)			(3,303,390	)
Income (loss) for tax return purposes, December 31, 2015		$	(1,133,669	)		$	(384,461	)		$	(903,528	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 43				Series 44				Series 45
Net income (loss) for financial reporting purposes		$	2,323,909			$	(323,040	)		$	(1,050,682	)
Operating limited partnership rents received in advance			718				-				-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			206,108				254,628				283,200
Other			679,343				69,815				195,977
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(980,275	)			(612,970	)			(674,036	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(185,336	)			(455,768	)			(236,814	)
Impairment loss not recognized for tax purposes			-				-				661,498
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(2,689,401	)			(8,597	)			(136,780	)
Income (loss) for tax return purposes, December 31, 2015		$	(644,934	)		$	(1,075,932	)		$	(957,637	)

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2016 is reconciled as follows:

 

		Series 46
Net income (loss) for financial reporting purposes		$	(1,197,088	)
Operating limited partnership rents received in advance			1,858
Accrued partnership fund management fee not deducted (deducted) for income tax purposes			224,528
Other			330,847
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting			(677,325	)
Excess of tax depreciation over book depreciation on operating limited partnership assets			(467,998	)
Impairment loss not recognized for tax purposes			802,504
Operating limited partnership impairment loss not recognized for tax purposes			-
Difference due to fiscal year for book purposes and calendar year for tax purposes			(110,114	)
Income (loss) for tax return purposes, December 31, 2015		$	(1,092,788	)

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Total				Series 20				Series 21
Investments in operating limited partnerships - tax return December 31, 2016		$	23,526,808			$	(1,140,956	)		$	(984,278	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			57,696,047				1,066,850				325,745
Impairment loss in investment in operating limited partnerships			(122,872,037	)			(337,192	)			(38,116	)
Historic tax credits - cumulative			978,267				570,617				-
Less share of loss - three months ended March 31, 2017			(183,255	)			(7,136	)			(15,685	)
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			40,854,170				(152,183	)			712,334
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 22				Series 23				Series 24
Investments in operating limited partnerships - tax return December 31, 2016		$	(876,538	)		$	1,392,317			$	(1,278,780	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			856,165				970,072				2,267,378
Impairment loss in investment in operating limited partnerships			(325,787	)			(2,213,351	)			(1,151,381	)
Historic tax credits - cumulative			223,537				-				-
Less share of loss - three months ended March 31, 2017			(7,927	)			5,691				(841	)
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			130,550				(154,729	)			163,624
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 25				Series 26				Series 27
Investments in operating limited partnerships - tax return December 31, 2016		$	(268,984	)		$	(5,065,008	)		$	(1,594,442	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			456,606				4,815,872				1,317,831
Impairment loss in investment in operating limited partnerships			(1,430,062	)			(1,350,275	)			(3,487,976	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2017			(31,239	)			(45,732	)			-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			1,273,679				1,645,143				3,764,587
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 28				Series 29				Series 30
Investments in operating limited partnerships - tax return December 31, 2016		$	(1,601,638	)		$	(313,449	)		$	(1,084,631	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			1,819,446				3,478,199				2,083,473
Impairment loss in investment in operating limited partnerships			(930,910	)			(5,444,545	)			(2,194,151	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2017			(33,990	)			(39,537	)			-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			747,092				2,319,332				1,195,309
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 31				Series 32				Series 33
Investments in operating limited partnerships - tax return December 31, 2016		$	(1,182,450	)		$	5,351,336			$	2,508,935
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			3,188,582				3,395,101				1,876,329
Impairment loss in investment in operating limited partnerships			(3,574,025	)			(9,175,569	)			(6,568,884	)
Historic tax credits - cumulative			-				184,113				-
Less share of loss - three months ended March 31, 2017			(6,859	)			-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			1,574,752				245,019				2,183,620
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 34				Series 35				Series 36
Investments in operating limited partnerships - tax return December 31, 2016		$	1,488,403			$	(884,003	)		$	1,174,145
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			1,354,867				2,237,121				984,727
Impairment loss in investment in operating limited partnerships			(3,951,725	)			(2,462,259	)			(2,406,542	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2017			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			1,108,455				1,109,141				247,670
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 37				Series 38				Series 39
Investments in operating limited partnerships - tax return December 31, 2016		$	1,316,599			$	5,168,309			$	767,711
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			1,916,369				866,648				97,796
Impairment loss in investment in operating limited partnerships			(3,922,795	)			(7,194,962	)			(233,531	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2017			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			689,827				1,160,005				(631,976	)
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 40				Series 41				Series 42
Investments in operating limited partnerships - tax return December 31, 2016		$	1,822,558			$	(1,243,644	)		$	388,430
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			2,230,853				3,483,277				4,285,267
Impairment loss in investment in operating limited partnerships			(5,441,719	)			(5,854,800	)			(7,195,970	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2017			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			1,388,308				3,615,167				2,522,273
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 43				Series 44				Series 45
Investments in operating limited partnerships - tax return December 31, 2016		$	3,816,055			$	(1,407,277	)		$	10,366,187
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			4,434,039				4,416,600				2,226,331
Impairment loss in investment in operating limited partnerships			(11,001,252	)			(5,442,013	)			(16,541,124	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2017			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			2,751,158				2,432,690				3,948,606
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2017 are as follows:

 

		Series 46
Investments in operating limited partnerships - tax return December 31, 2016		$	6,891,901
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			1,244,503
Impairment loss in investment in operating limited partnerships			(13,001,121	)
Historic tax credits - cumulative			-
Less share of loss - three months ended March 31, 2017			-
Operating limited partnership impairment loss not recognized for tax purposes			-
Other			4,864,717
Investments in operating limited partnerships - as reported		$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Total				Series 20				Series 21
Investments in operating limited partnerships - tax return December 31, 2015		$	42,328,796			$	(1,403,428	)		$	(930,445	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			72,745,706				988,006				307,183
Impairment loss in investment in operating limited partnerships			(161,650,983	)			(409,509	)			(38,116	)
Historic tax credits - cumulative			978,267				570,617				-
Less share of loss - three months ended March 31, 2016			(447,007	)			(62,488	)			(15,685	)
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			46,045,221				316,802				677,063
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 22				Series 23				Series 24
Investments in operating limited partnerships - tax return December 31, 2015		$	(1,342,882	)		$	1,555,007			$	(1,072,670	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			866,909				1,241,388				2,084,698
Impairment loss in investment in operating limited partnerships			(325,787	)			(4,061,633	)			(1,151,381	)
Historic tax credits - cumulative			223,537				-				-
Less share of loss - three months ended March 31, 2016			(7,927	)			(7,292	)			(841	)
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			586,150				1,272,530				140,194
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 25				Series 26				Series 27
Investments in operating limited partnerships - tax return December 31, 2015		$	(155,992	)		$	(4,443,416	)		$	(2,029,960	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			343,851				4,331,079				1,587,855
Impairment loss in investment in operating limited partnerships			(1,359,466	)			(1,822,975	)			(4,036,605	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2016			(31,239	)			(45,732	)			(195,417	)
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			1,202,846				1,981,044				4,674,127
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 28				Series 29				Series 30
Investments in operating limited partnerships - tax return December 31, 2015		$	(1,206,640	)		$	223,088			$	(814,327	)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			2,842,764				2,951,824				1,907,676
Impairment loss in investment in operating limited partnerships			(2,158,606	)			(5,444,545	)			(2,194,151	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2016			(33,990	)			(39,537	)			-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			556,472				2,309,170				1,100,802
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 31				Series 32				Series 33
Investments in operating limited partnerships - tax return December 31, 2015		$	(1,472,464	)		$	6,009,792			$	2,809,764
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			4,016,452				4,963,274				1,578,487
Impairment loss in investment in operating limited partnerships			(6,454,920	)			(13,361,331	)			(6,467,715	)
Historic tax credits - cumulative			-				184,113				-
Less share of loss - three months ended March 31, 2016			(6,859	)			-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			3,917,791				2,204,152				2,079,464
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 34				Series 35				Series 36
Investments in operating limited partnerships - tax return December 31, 2015		$	3,684,015			$	1,050,380			$	2,972,631
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			1,642,674				3,423,568				2,019,997
Impairment loss in investment in operating limited partnerships			(6,843,156	)			(5,230,309	)			(6,862,772	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2016			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			1,516,467				756,361				1,870,144
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 37				Series 38				Series 39
Investments in operating limited partnerships - tax return December 31, 2015		$	1,963,079			$	5,210,561			$	2,593,091
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			7,434,593				4,229,837				3,894,615
Impairment loss in investment in operating limited partnerships			(7,809,397	)			(10,253,381	)			(4,561,508	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2016			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			(1,588,275	)			812,983				(1,926,198	)
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 40				Series 41				Series 42
Investments in operating limited partnerships - tax return December 31, 2015		$	4,806,539			$	(305,488	)		$	1,160,438
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			2,222,136				3,234,895				3,747,535
Impairment loss in investment in operating limited partnerships			(9,078,021	)			(6,847,483	)			(7,195,970	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2016			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			2,049,346				3,918,076				2,287,997
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 43				Series 44				Series 45
Investments in operating limited partnerships - tax return December 31, 2015		$	4,937,763			$	(644,029	)		$	11,346,861
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			3,960,406				4,381,035				1,542,238
Impairment loss in investment in operating limited partnerships			(10,917,292	)			(6,523,727	)			(16,411,048	)
Historic tax credits - cumulative			-				-				-
Less share of loss - three months ended March 31, 2016			-				-				-
Operating limited partnership impairment loss not recognized for tax purposes			-				-				-
Other			2,019,123				2,786,721				3,521,949
Investments in operating limited partnerships - as reported		$	-			$	-			$	-

 

 

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

 

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2016 are as follows:

 

		Series 46
Investments in operating limited partnerships - tax return December 31, 2015		$	7,827,528
Operating limited partnership losses not recognized for financial reporting purposes under the equity method			1,000,731
Impairment loss in investment in operating limited partnerships			(13,830,179	)
Historic tax credits - cumulative			-
Less share of loss - three months ended March 31, 2016			-
Operating limited partnership impairment loss not recognized for tax purposes			-
Other			5,001,920
Investments in operating limited partnerships - as reported		$	-

 

  

Boston Capital Tax Credit Fund IV L.P.

 

NOTES TO FINANCIAL STATEMENTS - CONTINUED

 

March 31, 2017 and 2016

 

NOTE F - CASH EQUIVALENTS

 

Cash equivalents of $27,084,576 and $21,634,841 as of March 31, 2017 and 2016, respectively, include money market accounts with interest rates ranging from 0.10% to 0.35% per annum.

 

NOTE G - CONCENTRATION OF CREDIT RISK

 

The Fund maintains its cash and cash equivalent balances in several accounts in various financial institutions. The balances are generally insured by the Federal Deposit Insurance Corporation (FDIC) up to specified limits by each institution. At times, the balances may exceed these insurance limits; however, the Fund has not experienced any losses with respect to its balances in excess of FDIC insurance. Management believes that no significant concentration of credit risk with respect to these cash and cash equivalent balances exists as of March 31, 2017.

 

NOTE H - SUBSEQUENT EVENTS

 

Subsequent to March 31, 2017, the Fund has entered into agreements to either sell or transfer its interests in three operating limited partnerships, all of which closed by June 2017. The sales price and other terms for the disposition of the operating limited partnerships has been determined. The proceeds received for the operating limited partnerships were $4,383,735. The gain on the dispositions of these operating limited partnerships was $4,334,997 and was recognized in the first quarter of the fiscal year ended 2018.

 

NOTE I - FAIR VALUE OF FINANCIAL INSTRUMENTS

 

The Fund’s financial instruments relate to notes receivable and accounts payable - affiliates. Management has not disclosed the fair value of these financial instruments because determination of such fair value is deemed to be impractical. The notes receivable and accounts payable - affiliates are due from or owed to affiliates of the Fund. The unique nature of these financial instruments makes determination of any fair value impractical. See notes B and D for disclosure of the carrying amount and terms of these financial instruments.