BF Garden Tax Credit Fund IV L.P. - FORM 10-Q

Attached files

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EX-32 - BCTC IV CERTIFICATION 906 - BF Garden Tax Credit Fund IV L.P.	b410cert906mnt.htm
EX-32 - BCTC IV CERTIFICATION 906 - BF Garden Tax Credit Fund IV L.P.	b410cert906jpm.htm
EX-31 - BCTC IV CERTIFICATION 302 - BF Garden Tax Credit Fund IV L.P.	b410cert302mnt.htm
EX-31 - BCTC IV CERTIFICATION 302 - BF Garden Tax Credit Fund IV L.P.	b410cert302jpm.htm

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

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

For the transition period from _______ to _______

Commission file number 0-26200

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

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

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

(617) 624-8900

(Registrant's telephone number, including area code)

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

Yes ý

No 

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

Yes ý

No 

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

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

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

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

Yes 

No ý

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

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

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION
			Pages
	Item 1. Condensed Financial Statements

		Condensed Balance Sheets			4-31
		Condensed Statements of Operations			32-59
		Condensed Statements of Changes in Partners' Capital (Deficit)			60-69
		Condensed Statements of Cash Flows			70-97
		Notes to Condensed Financial Statements			98-133

	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			134-172

	Item 3. Quantitative and Qualitative Disclosures About Market Risk			173

	Item 4. Controls and Procedures			173

PART II OTHER INFORMATION

	Item 1. Legal Proceedings			174

	Item 1A. Risk Factors			174

	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			174

	Item 3. Defaults Upon Senior Securities			174

	Item 4. Mine Safety Disclosures			174

	Item 5. Other Information			174

	Item 6. Exhibits			174

	Signatures			175

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		25,426,773		27,208,717
Other assets		40,088		40,088

	$	25,466,861	$	27,248,805




LIABILITIES

Accounts payable and accrued expenses	$	712,173	$	654,673
Accounts payable affiliates (Note C)		27,093,397		29,495,273
Capital contributions payable		176,646		176,746

		27,982,216		30,326,692


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 83,651,080 issued and 83,175,478 outstanding as of June 30, 2018 and March 31, 2018.		3,487,941		2,931,035
General Partner		(6,003,296)		(6,008,922)

		(2,515,355)		(3,077,887)

	$	25,466,861	$	27,248,805

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		246,325		241,987
Other assets		-		-

	$	246,325	$	241,987




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,309,494		1,444,723
Capital contributions payable		-		-

		1,309,494		1,444,723


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,866,700 issued and 3,829,200 outstanding as of June 30, 2018 and March 31, 2018.		(744,285)		(882,456)
General Partner		(318,884)		(320,280)

		(1,063,169)		(1,202,736)

	$	246,325	$	241,987

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 21


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-

	$	-	$	-




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		-		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 1,892,700 issued and 1,879,500 outstanding as of June 30, 2018 and March 31, 2018.		(898,231)		(898,231)
General Partner		898,231		898,231

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		210,051		221,864
Other assets		-		-

	$	210,051	$	221,864




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,884,535		2,878,109
Capital contributions payable		-		-

		2,884,535		2,878,109


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,564,400 issued and 2,550,645 outstanding as of June 30, 2018 and March 31, 2018.		(2,428,656)		(2,410,599)
General Partner		(245,828)		(245,646)

		(2,674,484)		(2,656,245)

	$	210,051	$	221,864

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 23


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		237,867		446,136
Other assets		-		-

	$	237,867	$	446,136




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		738,943		933,387
Capital contributions payable		-		-

		738,943		933,387


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,336,727 issued and 3,303,327 outstanding as of June 30, 2018 and March 31, 2018.		(211,219)		(197,532)
General Partner		(289,857)		(289,719)

		(501,076)		(487,251)

	$	237,867	$	446,136

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		423,184		453,512
Other assets		-		-

	$	423,184	$	453,512




LIABILITIES

Accounts payable and accrued expenses	$	-	$	5,000
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		-		5,000


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,169,878 issued and 2,152,753 outstanding as of June 30, 2018 and March 31, 2018.		598,204		623,279
General Partner		(175,020)		(174,767)

		423,184		448,512

	$	423,184	$	453,512

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-

	$	-	$	-




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		-		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,026,109 issued and 3,016,809 outstanding as of June 30, 2018 and March 31, 2018.		219,815		219,815
General Partner		(219,815)		(219,815)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		620,521		642,258
Other assets		-		-

	$	620,521	$	642,258




LIABILITIES

Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		3,500		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,995,900 issued and 3,965,400 outstanding as of June 30, 2018 and March 31, 2018.		929,193		954,178
General Partner		(312,172)		(311,920)

		617,021		642,258

	$	620,521	$	642,258

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		6,789,575		6,799,933
Other assets		-		-

	$	6,789,575	$	6,799,933




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		-		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,460,700 issued and 2,443,900 outstanding as of June 30, 2018 and March 31, 2018.		6,928,127		6,938,381
General Partner		(138,552)		(138,448)

		6,789,575		6,799,933

	$	6,789,575	$	6,799,933

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		734,504		742,564
Other assets		-		-

	$	734,504	$	742,564




LIABILITIES

Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		3,500		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,000,738 issued and 3,984,138 outstanding as of June 30, 2018 and March 31, 2018.		1,005,531		1,016,975
General Partner		(274,527)		(274,411)

		731,004		742,564

	$	734,504	$	742,564

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		443,270		622,414
Other assets		-		-

	$	443,270	$	622,414




LIABILITIES

Accounts payable and accrued expenses	$	10,500	$	-
Accounts payable affiliates (Note C)		3,278,047		3,559,561
Capital contributions payable		785		885

		3,289,332		3,560,446


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,991,800 issued and 3,955,225 outstanding as of June 30, 2018 and March 31, 2018.		(2,478,954)		(2,570,004)
General Partner		(367,108)		(368,028)

		(2,846,062)		(2,938,032)

	$	443,270	$	622,414

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		317,818		453,433
Other assets		-		-

	$	317,818	$	453,433




LIABILITIES

Accounts payable and accrued expenses	$	14,000	$	3,500
Accounts payable affiliates (Note C)		1,470,765		1,620,957
Capital contributions payable		65,176		65,176

		1,549,941		1,689,633


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,651,000 issued and 2,621,200 outstanding as of June 30, 2018 and March 31, 2018.		(992,746)		(996,782)
General Partner		(239,377)		(239,418)

		(1,232,123)		(1,236,200)

	$	317,818	$	453,433

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,950,407		1,971,680
Other assets		25,000		25,000

	$	1,975,407	$	1,996,680




LIABILITIES

Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		66,294		66,294

		69,794		66,294


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,417,857 issued and 4,382,757 outstanding as of June 30, 2018 and March 31, 2018.		2,265,816		2,290,341
General Partner		(360,203)		(359,955)

		1,905,613		1,930,386

	$	1,975,407	$	1,996,680

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		352,267		563,697
Other assets		-		-

	$	352,267	$	563,697




LIABILITIES

Accounts payable and accrued expenses	$	5,000	$	-
Accounts payable affiliates (Note C)		259,143		924,936
Capital contributions payable		1,229		1,229

		265,372		926,165


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,754,198 issued and 4,736,198 outstanding as of June 30, 2018 and March 31, 2018.		492,389		47,520
General Partner		(405,494)		(409,988)

		86,895		(362,468)

	$	352,267	$	563,697

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		330,989		452,033
Other assets		-		-

	$	330,989	$	452,033




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,159,333		1,252,955
Capital contributions payable		-		-

		1,159,333		1,252,955


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,636,533 issued and 2,626,533 outstanding as of June 30, 2018 and March 31, 2018.		(594,281)		(567,133)
General Partner		(234,063)		(233,789)

		(828,344)		(800,922)

	$	330,989	$	452,033

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		281,844		394,837
Other assets		-		-

	$	281,844	$	394,837




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,752,734		2,840,368
Capital contributions payable		-		-

		2,752,734		2,840,368


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,529,319 issued and 3,509,919 outstanding as of June 30, 2018 and March 31, 2018.		(2,145,791)		(2,120,686)
General Partner		(325,099)		(324,845)

		(2,470,890)		(2,445,531)

	$	281,844	$	394,837

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		4,411,736		4,428,306
Other assets		-		-

	$	4,411,736	$	4,428,306




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		-		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,300,463 issued and 3,279,913 outstanding as of June 30, 2018 and March 31, 2018.		4,649,644		4,666,048
General Partner		(237,908)		(237,742)

		4,411,736		4,428,306

	$	4,411,736	$	4,428,306

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		2,062,524		2,106,050
Other assets		-		-

	$	2,062,524	$	2,106,050




LIABILITIES

Accounts payable and accrued expenses	$	131,000	$	131,000
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		131,000		131,000


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,106,838 issued and 2,092,704 outstanding as of June 30, 2018 and March 31, 2018.		2,090,872		2,133,963
General Partner		(159,348)		(158,913)

		1,931,524		1,975,050

	$	2,062,524	$	2,106,050

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		335,629		517,887
Other assets		-		-

	$	335,629	$	517,887




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		323,333		513,149
Capital contributions payable		-		-

		323,333		513,149


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,512,500 issued and 2,489,100 outstanding as of June 30, 2018 and March 31, 2018.		227,737		220,255
General Partner		(215,441)		(215,517)

		12,296		4,738

	$	335,629	$	517,887

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,484,524		1,492,145
Other assets		-		-

	$	1,484,524	$	1,492,145




LIABILITIES

Accounts payable and accrued expenses	$	3,500	$	-
Accounts payable affiliates (Note C)		-		18,234
Capital contributions payable		-		-

		3,500		18,234


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,543,100 issued and 2,538,700 outstanding as of June 30, 2018 and March 31, 2018.		1,684,498		1,677,456
General Partner		(203,474)		(203,545)

		1,481,024		1,473,911

	$	1,484,524	$	1,492,145

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		-		-
Other assets		-		-

	$	-	$	-




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		-		-

		-		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,292,151 issued and 2,288,351 outstanding as of June 30, 2018 and March 31, 2018.		196,043		196,043
General Partner		(196,043)		(196,043)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		266,196		431,341
Other assets		-		-

	$	266,196	$	431,341




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,289,663		2,413,069
Capital contributions payable		102		102

		2,289,765		2,413,171


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,630,256 issued and 2,621,756 outstanding as of June 30, 2018 and March 31, 2018.		(1,778,390)		(1,737,068)
General Partner		(245,179)		(244,762)

		(2,023,569)		(1,981,830)

	$	266,196	$	431,341

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		402,614		741,152
Other assets		-		-

	$	402,614	$	741,152




LIABILITIES

Accounts payable and accrued expenses	$	9,000	$	-
Accounts payable affiliates (Note C)		2,538,438		2,893,606
Capital contributions payable		-		-

		2,547,438		2,893,606


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,891,626 issued and 2,874,926 outstanding as of June 30, 2018 and March 31, 2018.		(1,874,207)		(1,881,761)
General Partner		(270,617)		(270,693)

		(2,144,824)		(2,152,454)

	$	402,614	$	741,152

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,295,554		1,327,017
Other assets		11,300		11,300

	$	1,306,854	$	1,338,317




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		254		254

		254		254


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,744,262 issued and 2,732,262 outstanding as of June 30, 2018 and March 31, 2018.		1,534,472		1,565,620
General Partner		(227,872)		(227,557)

		1,306,600		1,338,063

	$	1,306,854	$	1,338,317

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 43


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		572,013		854,364
Other assets		-		-

	$	572,013	$	854,364




LIABILITIES

Accounts payable and accrued expenses	$	6,000	$	-
Accounts payable affiliates (Note C)		619,920		915,591
Capital contributions payable		26,082		26,082

		652,002		941,673


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,637,987 issued and 3,629,487 outstanding as of June 30, 2018 and March 31, 2018.		242,332		235,085
General Partner		(322,321)		(322,394)

		(79,989)		(87,309)

	$	572,013	$	854,364

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 44


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		84,245		84,006
Other assets		-		-

	$	84,245	$	84,006




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,890,225		2,830,127
Capital contributions payable		-		-

		2,890,225		2,830,127


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,701,973 issued and 2,693,973 outstanding as of June 30, 2018 and March 31, 2018.		(2,540,472)		(2,481,212)
General Partner		(265,508)		(264,909)

		(2,805,980)		(2,746,121)

	$	84,245	$	84,006

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 45


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,109,867		753,702
Other assets		-		-

	$	1,109,867	$	753,702




LIABILITIES

Accounts payable and accrued expenses	$	522,673	$	515,173
Accounts payable affiliates (Note C)		2,654,535		2,584,511
Capital contributions payable		16,724		16,724

		3,193,932		3,116,408


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,014,367 issued and 4,008,167 outstanding as of June 30, 2018 and March 31, 2018.		(1,709,562)		(1,985,417)
General Partner		(374,503)		(377,289)

		(2,084,065)		(2,362,706)

	$	1,109,867	$	753,702

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 46


		June 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		463,249		466,399
Other assets		3,788		3,788

	$	467,037	$	470,187




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,924,289		1,871,990
Capital contributions payable		-		-

		1,924,289		1,871,990


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,980,998 issued and 2,968,635 outstanding as of June 30, 2018 and March 31, 2018.		(1,179,938)		(1,125,043)
General Partner		(277,314)		(276,760)

		(1,457,252)		(1,401,803)

	$	467,037	$	470,187

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

		2018		2017

Income
Interest income	$	50,858	$	13,934
Other income		186,487		87,713

		237,345		101,647



Share of income from Operating Partnerships (Note D)		1,189,317		4,529,631


Expenses
Professional fees		368,127		129,367
Fund management fee, net (Note C)		411,725		520,374
General and administrative expenses		84,278		107,022

		864,130		756,763


NET INCOME (LOSS)	$	562,532	$	3,874,515




Net income (loss) allocated to assignees	$	556,906	$	3,835,770




Net income (loss) allocated to general partner	$	5,626	$	38,745




Net income (loss) per BAC	$	.01	$	.05

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

		2018		2017

Income
Interest income	$	587	$	35
Other income		-		-

		587		35



Share of income from Operating Partnerships (Note D)		155,337		-


Expenses
Professional fees		10,105		2,980
Fund management fee, net (Note C)		2,271		3,718
General and administrative expenses		3,981		4,238

		16,357		10,936


NET INCOME (LOSS)	$	139,567	$	(10,901)




Net income (loss) allocated to assignees	$	138,171	$	(10,792)




Net income (loss) allocated to general partner	$	1,396	$	(109)




Net income (loss) per BAC	$	.04	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

		2018		2017

Income
Interest income	$	-	$	29
Other income		-		-

		-		29



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		-		2,630
Fund management fee, net (Note C)		-		2,256
General and administrative expenses		-		3,506

		-		8,392


NET INCOME (LOSS)	$	-	$	(8,363)




Net income (loss) allocated to assignees	$	-	$	(8,279)




Net income (loss) allocated to general partner	$	-	$	(84)




Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

		2018		2017

Income
Interest income	$	532	$	84
Other income		-		-

		532		84



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		9,480		2,980
Fund management fee, net (Note C)		5,926		6,803
General and administrative expenses		3,365		3,832

		18,771		13,615


NET INCOME (LOSS)	$	(18,239)	$	(13,531)




Net income (loss) allocated to assignees	$	(18,057)	$	(13,396)




Net income (loss) allocated to general partner	$	(182)	$	(135)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

		2018		2017

Income
Interest income	$	923	$	866
Other income		1,977		1,977

		2,900		2,843



Share of income from Operating Partnerships (Note D)		-		959,665


Expenses
Professional fees		10,915		3,755
Fund management fee, net (Note C)		1,950		3,806
General and administrative expenses		3,860		4,137

		16,725		11,698


NET INCOME (LOSS)	$	(13,825)	$	950,810




Net income (loss) allocated to assignees	$	(13,687)	$	941,302




Net income (loss) allocated to general partner	$	(138)	$	9,508




Net income (loss) per BAC	$	(.00)	$	.28

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 24

		2018		2017

Income
Interest income	$	593	$	82
Other income		-		-

		593		82



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		11,995		3,325
Fund management fee, net (Note C)		10,761		11,421
General and administrative expenses		3,165		3,784

		25,921		18,530


NET INCOME (LOSS)	$	(25,328)	$	(18,448)




Net income (loss) allocated to assignees	$	(25,075)	$	(18,264)




Net income (loss) allocated to general partner	$	(253)	$	(184)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 25

		2018		2017

Income
Interest income	$	-	$	71
Other income		-		-

		-		71



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		-		2,980
Fund management fee, net (Note C)		-		5,934
General and administrative expenses		-		4,043

		-		12,957


NET INCOME (LOSS)	$	-	$	(12,886)




Net income (loss) allocated to assignees	$	-	$	(12,757)




Net income (loss) allocated to general partner	$	-	$	(129)




Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

		2018		2017

Income
Interest income	$	924	$	136
Other income		420		420

		1,344		556



Share of income from Operating Partnerships (Note D)		10,500		-


Expenses
Professional fees		18,280		4,725
Fund management fee, net (Note C)		14,609		21,545
General and administrative expenses		4,192		4,513

		37,081		30,783


NET INCOME (LOSS)	$	(25,237)	$	(30,227)




Net income (loss) allocated to assignees	$	(24,985)	$	(29,925)




Net income (loss) allocated to general partner	$	(252)	$	(302)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

		2018		2017

Income
Interest income	$	12,472	$	4,338
Other income		-		-

		12,472		4,338



Share of income from Operating Partnerships (Note D)		-		3,291,567


Expenses
Professional fees		11,990		17,770
Fund management fee, net (Note C)		7,635		14,968
General and administrative expenses		3,205		3,832

		22,830		36,570


NET INCOME (LOSS)	$	(10,358)	$	3,259,335




Net income (loss) allocated to assignees	$	(10,254)	$	3,226,742




Net income (loss) allocated to general partner	$	(104)	$	32,593




Net income (loss) per BAC	$	(.00)	$	1.32

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

		2018		2017

Income
Interest income	$	930	$	148
Other income		446		446

		1,376		594



Share of income from Operating Partnerships (Note D)		8,500		-


Expenses
Professional fees		10,740		4,025
Fund management fee, net (Note C)		6,844		6,844
General and administrative expenses		3,852		4,283

		21,436		15,152


NET INCOME (LOSS)	$	(11,560)	$	(14,558)




Net income (loss) allocated to assignees	$	(11,444)	$	(14,412)




Net income (loss) allocated to general partner	$	(116)	$	(146)




Net income (loss) per BAC	$	(.00)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 29

		2018		2017

Income
Interest income	$	1,245	$	92
Other income		-		-

		1,245		92



Share of income from Operating Partnerships (Note D)		123,094		-


Expenses
Professional fees		13,255		3,675
Fund management fee, net (Note C)		15,093		20,546
General and administrative expenses		4,021		4,351

		32,369		28,572


NET INCOME (LOSS)	$	91,970	$	(28,480)




Net income (loss) allocated to assignees	$	91,050	$	(28,195)




Net income (loss) allocated to general partner	$	920	$	(285)




Net income (loss) per BAC	$	.02	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

		2018		2017

Income
Interest income	$	799	$	57
Other income		2,049		1,243

		2,848		1,300



Share of income from Operating Partnerships (Note D)		24,006		263,893


Expenses
Professional fees		14,505		3,675
Fund management fee, net (Note C)		5,112		(31,900)
General and administrative expenses		3,160		3,764

		22,777		(24,461)


NET INCOME (LOSS)	$	4,077	$	289,654




Net income (loss) allocated to assignees	$	4,036	$	286,757




Net income (loss) allocated to general partner	$	41	$	2,897




Net income (loss) per BAC	$	.00	$	.11

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

		2018		2017

Income
Interest income	$	3,970	$	1,017
Other income		476		476

		4,446		1,493



Share of income from Operating Partnerships (Note D)		7,500		-


Expenses
Professional fees		15,140		5,425
Fund management fee, net (Note C)		17,592		20,199
General and administrative expenses		3,987		4,285

		36,719		29,909


NET INCOME (LOSS)	$	(24,773)	$	(28,416)




Net income (loss) allocated to assignees	$	(24,525)	$	(28,132)




Net income (loss) allocated to general partner	$	(248)	$	(284)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

		2018		2017

Income
Interest income	$	1,270	$	323
Other income		-		-

		1,270		323



Share of income from Operating Partnerships (Note D)		487,880		14,506


Expenses
Professional fees		13,637		4,025
Fund management fee, net (Note C)		22,087		19,870
General and administrative expenses		4,063		4,391

		39,787		28,286


NET INCOME (LOSS)	$	449,363	$	(13,457)




Net income (loss) allocated to assignees	$	444,869	$	(13,322)




Net income (loss) allocated to general partner	$	4,494	$	(135)




Net income (loss) per BAC	$	.09	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,

(Unaudited)

Series 33

		2018		2017

Income
Interest income	$	942	$	91
Other income		-		-

		942		91



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		11,990		3,150
Fund management fee, net (Note C)		13,318		9,898
General and administrative expenses		3,056		3,692

		28,364		16,740


NET INCOME (LOSS)	$	(27,422)	$	(16,649)




Net income (loss) allocated to assignees	$	(27,148)	$	(16,483)




Net income (loss) allocated to general partner	$	(274)	$	(166)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

		2018		2017

Income
Interest income	$	593	$	339
Other income		-		-

		593		339



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		10,110		3,675
Fund management fee, net (Note C)		12,366		12,366
General and administrative expenses		3,476		3,993

		25,952		20,034


NET INCOME (LOSS)	$	(25,359)	$	(19,695)




Net income (loss) allocated to assignees	$	(25,105)	$	(19,498)




Net income (loss) allocated to general partner	$	(254)	$	(197)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

		2018		2017

Income
Interest income	$	7,811	$	1,454
Other income		-		-

		7,811		1,454



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		10,285		3,500
Fund management fee, net (Note C)		10,653		17,481
General and administrative expenses		3,443		3,977

		24,381		24,958


NET INCOME (LOSS)	$	(16,570)	$	(23,504)




Net income (loss) allocated to assignees	$	(16,404)	$	(23,269)




Net income (loss) allocated to general partner	$	(166)	$	(235)




Net income (loss) per BAC	$	(.01)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 36

		2018		2017

Income
Interest income	$	4,438	$	1,405
Other income		5,119		2,674

		9,557		4,079



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		44,542		3,675
Fund management fee, net (Note C)		5,716		5,716
General and administrative expenses		2,825		3,570

		53,083		12,961


NET INCOME (LOSS)	$	(43,526)	$	(8,882)




Net income (loss) allocated to assignees	$	(43,091)	$	(8,793)




Net income (loss) allocated to general partner	$	(435)	$	(89)




Net income (loss) per BAC	$	(.02)	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

		2018		2017

Income
Interest income	$	810	$	1,161
Other income		21,485		11,225

		22,295		12,386



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		9,655		3,325
Fund management fee, net (Note C)		2,166		4,483
General and administrative expenses		2,916		3,631

		14,737		11,439


NET INCOME (LOSS)	$	7,558	$	947




Net income (loss) allocated to assignees	$	7,482	$	938




Net income (loss) allocated to general partner	$	76	$	9




Net income (loss) per BAC	$	.00	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

		2018		2017

Income
Interest income	$	2,836	$	735
Other income		26,000		386

		28,836		1,121



Share of income from Operating Partnerships (Note D)		7,000		-


Expenses
Professional fees		10,470		4,025
Fund management fee, net (Note C)		15,234		18,234
General and administrative expenses		3,019		3,692

		28,723		25,951


NET INCOME (LOSS)	$	7,113	$	(24,830)




Net income (loss) allocated to assignees	$	7,042	$	(24,582)




Net income (loss) allocated to general partner	$	71	$	(248)




Net income (loss) per BAC	$	.00	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

		2018		2017

Income
Interest income	$	-	$	247
Other income		-		386

		-		633



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		-		3,675
Fund management fee, net (Note C)		-		1,709
General and administrative expenses		-		3,560

		-		8,944


NET INCOME (LOSS)	$	-	$	(8,311)




Net income (loss) allocated to assignees	$	-	$	(8,228)




Net income (loss) allocated to general partner	$	-	$	(83)




Net income (loss) per BAC	$	-	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 40

		2018		2017

Income
Interest income	$	631	$	29
Other income		-		1,660

		631		1,689



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		14,695		4,900
Fund management fee, net (Note C)		24,444		29,766
General and administrative expenses		3,231		3,714

		42,370		38,380


NET INCOME (LOSS)	$	(41,739)	$	(36,691)




Net income (loss) allocated to assignees	$	(41,322)	$	(36,324)




Net income (loss) allocated to general partner	$	(417)	$	(367)




Net income (loss) per BAC	$	(.02)	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 41

		2018		2017

Income
Interest income	$	1,202	$	151
Other income		41,340		11,143

		42,542		11,294



Share of income from Operating Partnerships (Note D)		14,000		-


Expenses
Professional fees		21,605		5,599
Fund management fee, net (Note C)		23,784		52,990
General and administrative expenses		3,523		3,944

		48,912		62,533


NET INCOME (LOSS)	$	7,630	$	(51,239)




Net income (loss) allocated to assignees	$	7,554	$	(50,727)




Net income (loss) allocated to general partner	$	76	$	(512)




Net income (loss) per BAC	$	.00	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 42

		2018		2017

Income
Interest income	$	3,114	$	345
Other income		6,300		-

		9,414		345



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		19,540		5,018
Fund management fee, net (Note C)		18,147		41,835
General and administrative expenses		3,190		3,775

		40,877		50,628


NET INCOME (LOSS)	$	(31,463)	$	(50,283)




Net income (loss) allocated to assignees	$	(31,148)	$	(49,780)




Net income (loss) allocated to general partner	$	(315)	$	(503)




Net income (loss) per BAC	$	(.01)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 43

		2018		2017

Income
Interest income	$	1,935	$	99
Other income		49,005		34,072

		50,940		34,171



Share of income from Operating Partnerships (Note D)		9,000		-


Expenses
Professional fees		20,810		5,843
Fund management fee, net (Note C)		28,083		44,950
General and administrative expenses		3,727		4,113

		52,620		54,906


NET INCOME (LOSS)	$	7,320	$	(20,735)




Net income (loss) allocated to assignees	$	7,247	$	(20,528)




Net income (loss) allocated to general partner	$	73	$	(207)




Net income (loss) per BAC	$	.00	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 44

		2018		2017

Income
Interest income	$	145	$	7
Other income		-		-

		145		7



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		12,360		4,025
Fund management fee, net (Note C)		44,464		56,826
General and administrative expenses		3,180		3,786

		60,004		64,637


NET INCOME (LOSS)	$	(59,859)	$	(64,630)




Net income (loss) allocated to assignees	$	(59,260)	$	(63,984)




Net income (loss) allocated to general partner	$	(599)	$	(646)




Net income (loss) per BAC	$	(.02)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 45

		2018		2017

Income
Interest income	$	1,445	$	366
Other income		22,205		21,605

		23,650		21,971



Share of income from Operating Partnerships (Note D)		342,500		-


Expenses
Professional fees		25,613		12,087
Fund management fee, net (Note C)		57,517		65,811
General and administrative expenses		4,379		4,632

		87,509		82,530


NET INCOME (LOSS)	$	278,641	$	(60,559)




Net income (loss) allocated to assignees	$	275,855	$	(59,953)




Net income (loss) allocated to general partner	$	2,786	$	(606)




Net income (loss) per BAC	$	.07	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 46

		2018		2017

Income
Interest income	$	711	$	227
Other income		9,665		-

		10,376		227



Share of income from Operating Partnerships (Note D)		-		-


Expenses
Professional fees		16,410		4,900
Fund management fee, net (Note C)		45,953		52,299
General and administrative expenses		3,462		3,984

		65,825		61,183


NET INCOME (LOSS)	$	(55,449)	$	(60,956)




Net income (loss) allocated to assignees	$	(54,895)	$	(60,346)




Net income (loss) allocated to general partner	$	(554)	$	(610)




Net income (loss) per BAC	$	(.02)	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)


		Assignees		General Partner		Total


Partners' capital (deficit) April 1, 2018	$	2,931,035	$	(6,008,922)	$	(3,077,887)

Net income (loss)		556,906		5,626		562,532


Partners' capital (deficit), June 30, 2018	$	3,487,941	$	(6,003,296)	$	(2,515,355)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 20
Partners' capital (deficit) April 1, 2018	$	(882,456)	$	(320,280)	$	(1,202,736)

Net income (loss)		138,171		1,396		139,567


Partners' capital (deficit), June 30, 2018	$	(744,285)	$	(318,884)	$	(1,063,169)

		Assignees		General Partner		Total

Series 21
Partners' capital (deficit) April 1, 2018	$	(898,231)	$	898,231	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2018	$	(898,231)	$	898,231	$	-

		Assignees		General Partner		Total

Series 22
Partners' capital (deficit) April 1, 2018	$	(2,410,599)	$	(245,646)	$	(2,656,245)

Net income (loss)		(18,057)		(182)		(18,239)


Partners' capital (deficit), June 30, 2018	$	(2,428,656)	$	(245,828)	$	(2,674,484)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 23
Partners' capital (deficit) April 1, 2018	$	(197,532)	$	(289,719)	$	(487,251)

Net income (loss)		(13,687)		(138)		(13,825)


Partners' capital (deficit), June 30, 2018	$	(211,219)	$	(289,857)	$	(501,076)

		Assignees		General Partner		Total

Series 24
Partners' capital (deficit) April 1, 2018	$	623,279	$	(174,767)	$	448,512

Net income (loss)		(25,075)		(253)		(25,328)


Partners' capital (deficit), June 30, 2018	$	598,204	$	(175,020)	$	423,184

		Assignees		General Partner		Total

Series 25
Partners' capital (deficit) April 1, 2018	$	219,815	$	(219,815)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2018	$	219,815	$	(219,815)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 26
Partners' capital (deficit) April 1, 2018	$	954,178	$	(311,920)	$	642,258

Net income (loss)		(24,985)		(252)		(25,237)


Partners' capital (deficit), June 30, 2018	$	929,193	$	(312,172)	$	617,021

		Assignees		General Partner		Total

Series 27
Partners' capital (deficit) April 1, 2018	$	6,938,381	$	(138,448)	$	6,799,933

Net income (loss)		(10,254)		(104)		(10,358)


Partners' capital (deficit), June 30, 2018	$	6,928,127	$	(138,552)	$	6,789,575

		Assignees		General Partner		Total

Series 28
Partners' capital (deficit) April 1, 2018	$	1,016,975	$	(274,411)	$	742,564

Net income (loss)		(11,444)		(116)		(11,560)


Partners' capital (deficit), June 30, 2018	$	1,005,531	$	(274,527)	$	731,004

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 29
Partners' capital (deficit) April 1, 2018	$	(2,570,004)	$	(368,028)	$	(2,938,032)

Net income (loss)		91,050		920		91,970


Partners' capital (deficit), June 30, 2018	$	(2,478,954)	$	(367,108)	$	(2,846,062)

		Assignees		General Partner		Total

Series 30
Partners' capital (deficit) April 1, 2018	$	(996,782)	$	(239,418)	$	(1,236,200)

Net income (loss)		4,036		41		4,077


Partners' capital (deficit), June 30, 2018	$	(992,746)	$	(239,377)	$	(1,232,123)

		Assignees		General Partner		Total

Series 31
Partners' capital (deficit) April 1, 2018	$	2,290,341	$	(359,955)	$	1,930,386

Net income (loss)		(24,525)		(248)		(24,773)


Partners' capital (deficit), June 30, 2018	$	2,265,816	$	(360,203)	$	1,905,613

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 32
Partners' capital (deficit) April 1, 2018	$	47,520	$	(409,988)	$	(362,468)

Net income (loss)		444,869		4,494		449,363


Partners' capital (deficit), June 30, 2018	$	492,389	$	(405,494)	$	86,895

		Assignees		General Partner		Total

Series 33
Partners' capital (deficit) April 1, 2018	$	(567,133)	$	(233,789)	$	(800,922)

Net income (loss)		(27,148)		(274)		(27,422)


Partners' capital (deficit), June 30, 2018	$	(594,281)	$	(234,063)	$	(828,344)

		Assignees		General Partner		Total

Series 34
Partners' capital (deficit) April 1, 2018	$	(2,120,686)	$	(324,845)	$	(2,445,531)

Net income (loss)		(25,105)		(254)		(25,359)


Partners' capital (deficit), June 30, 2018	$	(2,145,791)	$	(325,099)	$	(2,470,890)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 35
Partners' capital (deficit) April 1, 2018	$	4,666,048	$	(237,742)	$	4,428,306

Net income (loss)		(16,404)		(166)		(16,570)


Partners' capital (deficit), June 30, 2018	$	4,649,644	$	(237,908)	$	4,411,736

		Assignees		General Partner		Total

Series 36
Partners' capital (deficit) April 1, 2018	$	2,133,963	$	(158,913)	$	1,975,050

Net income (loss)		(43,091)		(435)		(43,526)


Partners' capital (deficit), June 30, 2018	$	2,090,872	$	(159,348)	$	1,931,524

		Assignees		General Partner		Total

Series 37
Partners' capital (deficit) April 1, 2018	$	220,255	$	(215,517)	$	4,738

Net income (loss)		7,482		76		7,558


Partners' capital (deficit), June 30, 2018	$	227,737	$	(215,441)	$	12,296

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 38
Partners' capital (deficit) April 1, 2018	$	1,677,456	$	(203,545)	$	1,473,911

Net income (loss)		7,042		71		7,113


Partners' capital (deficit), June 30, 2018	$	1,684,498	$	(203,474)	$	1,481,024

		Assignees		General Partner		Total

Series 39
Partners' capital (deficit) April 1, 2018	$	196,043	$	(196,043)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2018	$	196,043	$	(196,043)	$	-

		Assignees		General Partner		Total

Series 40
Partners' capital (deficit) April 1, 2018	$	(1,737,068)	$	(244,762)	$	(1,981,830)

Net income (loss)		(41,322)		(417)		(41,739)


Partners' capital (deficit), June 30, 2018	$	(1,778,390)	$	(245,179)	$	(2,023,569)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 41
Partners' capital (deficit) April 1, 2018	$	(1,881,761)	$	(270,693)	$	(2,152,454)

Net income (loss)		7,554		76		7,630


Partners' capital (deficit), June 30, 2018	$	(1,874,207)	$	(270,617)	$	(2,144,824)

		Assignees		General Partner		Total

Series 42
Partners' capital (deficit) April 1, 2018	$	1,565,620	$	(227,557)	$	1,338,063

Net income (loss)		(31,148)		(315)		(31,463)


Partners' capital (deficit), June 30, 2018	$	1,534,472	$	(227,872)	$	1,306,600

		Assignees		General Partner		Total

Series 43
Partners' capital (deficit) April 1, 2018	$	235,085	$	(322,394)	$	(87,309)

Net income (loss)		7,247		73		7,320


Partners' capital (deficit), June 30, 2018	$	242,332	$	(322,321)	$	(79,989)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2018
(Unaudited)

		Assignees		General Partner		Total

Series 44
Partners' capital (deficit) April 1, 2018	$	(2,481,212)	$	(264,909)	$	(2,746,121)

Net income (loss)		(59,260)		(599)		(59,859)


Partners' capital (deficit), June 30, 2018	$	(2,540,472)	$	(265,508)	$	(2,805,980)

		Assignees		General Partner		Total

Series 45
Partners' capital (deficit) April 1, 2018	$	(1,985,417)	$	(377,289)	$	(2,362,706)

Net income (loss)		275,855		2,786		278,641


Partners' capital (deficit), June 30, 2018	$	(1,709,562)	$	(374,503)	$	(2,084,065)

		Assignees		General Partner		Total

Series 46
Partners' capital (deficit) April 1, 2018	$	(1,125,043)	$	(276,760)	$	(1,401,803)

Net income (loss)		(54,895)		(554)		(55,449)


Partners' capital (deficit), June 30, 2018	$	(1,179,938)	$	(277,314)	$	(1,457,252)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	562,532	$	3,874,515
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(1,189,317)		(4,529,631)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		57,500		(37,382)
Decrease (Increase) in other assets		-		(11,300)
(Decrease) Increase in accounts payable affiliates		(2,401,876)		(1,402,150)


Net cash (used in) provided by operating activities		(2,971,161)		(2,105,948)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		1,189,217		4,414,168


Net cash (used in) provided by investing activities		1,189,217		4,414,168

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(1,781,944)		2,308,220


Cash and cash equivalents, beginning		27,208,717		27,209,997


Cash and cash equivalents, ending	$	25,426,773	$	29,518,217

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 20

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	139,567	$	(10,901)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(155,337)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(135,229)		5,535


Net cash (used in) provided by operating activities		(150,999)		(5,366)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		155,337		-


Net cash (used in) provided by investing activities		155,337		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		4,338		(5,366)


Cash and cash equivalents, beginning		241,987		271,060


Cash and cash equivalents, ending	$	246,325	$	265,694

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 21

		2018		2017


Cash flows from operating activities:
Net income (loss)	$	-	$	(8,363)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		2,719


Net cash (used in) provided by operating activities		-		(5,644)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(5,644)


Cash and cash equivalents, beginning		-		241,102


Cash and cash equivalents, ending	$	-	$	235,458

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 22

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(18,239)	$	(13,531)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		6,426		7,303


Net cash (used in) provided by operating activities		(11,813)		(6,228)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(11,813)		(6,228)


Cash and cash equivalents, beginning		221,864		252,064


Cash and cash equivalents, ending	$	210,051	$	245,836

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 23

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(13,825)	$	950,810
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(959,665)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		5,000
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(194,444)		2,006


Net cash (used in) provided by operating activities		(208,269)		(1,849)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		959,665


Net cash (used in) provided by investing activities		-		959,665

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(208,269)		957,816


Cash and cash equivalents, beginning		446,136		659,167


Cash and cash equivalents, ending	$	237,867	$	1,616,983

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 24

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(25,328)	$	(18,448)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		(5,000)		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(30,328)		(18,448)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(30,328)		(18,448)


Cash and cash equivalents, beginning		453,512		427,181


Cash and cash equivalents, ending	$	423,184	$	408,733

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 25

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	-	$	(12,886)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		-		(12,886)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(12,886)


Cash and cash equivalents, beginning		-		344,461


Cash and cash equivalents, ending	$	-	$	331,575

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,

(Unaudited)

Series 26

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(25,237)	$	(30,227)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(10,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(32,237)		(30,227)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		10,500		-


Net cash (used in) provided by investing activities		10,500		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(21,737)		(30,227)


Cash and cash equivalents, beginning		642,258		677,679


Cash and cash equivalents, ending	$	620,521	$	647,452

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 27

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(10,358)	$	3,259,335
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(3,291,567)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		(27,796)
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(10,358)		(60,028)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		3,291,567


Net cash (used in) provided by investing activities		-		3,291,567

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(10,358)		3,231,539


Cash and cash equivalents, beginning		6,799,933		3,606,473


Cash and cash equivalents, ending	$	6,789,575	$	6,838,012

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 28

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(11,560)	$	(14,558)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(8,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(16,560)		(14,558)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		8,500		-


Net cash (used in) provided by investing activities		8,500		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(8,060)		(14,558)


Cash and cash equivalents, beginning		742,564		812,483


Cash and cash equivalents, ending	$	734,504	$	797,925

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,

(Unaudited)

Series 29

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	91,970	$	(28,480)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(123,094)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		10,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(281,514)		20,546


Net cash (used in) provided by operating activities		(302,138)		(7,934)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		122,994		-


Net cash (used in) provided by investing activities		122,994		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(179,144)		(7,934)


Cash and cash equivalents, beginning		622,414		345,648


Cash and cash equivalents, ending	$	443,270	$	337,714

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 30

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	4,077	$	289,654
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(24,006)		(263,893)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		10,500		3,000
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(150,192)		16,654


Net cash (used in) provided by operating activities		(159,621)		45,415


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		24,006		148,430


Net cash (used in) provided by investing activities		24,006		148,430

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(135,615)		193,845


Cash and cash equivalents, beginning		453,433		270,126


Cash and cash equivalents, ending	$	317,818	$	463,971

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 31

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(24,773)	$	(28,416)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(7,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(28,773)		(28,416)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		7,500		-


Net cash provided by investing activities		7,500		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(21,273)		(28,416)


Cash and cash equivalents, beginning		1,971,680		2,047,648


Cash and cash equivalents, ending	$	1,950,407	$	2,019,232

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 32

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	449,363	$	(13,457)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(487,880)		(14,506)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		5,000		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(665,793)		(22,530)


Net cash (used in) provided by operating activities		(699,310)		(50,493)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		487,880		14,506


Net cash provided by investing activities		487,880		14,506


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(211,430)		(35,987)


Cash and cash equivalents, beginning		563,697		837,185


Cash and cash equivalents, ending	$	352,267	$	801,198

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 33

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(27,422)	$	(16,649)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(93,622)		16,398


Net cash (used in) provided by operating activities		(121,044)		(251)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(121,044)		(251)


Cash and cash equivalents, beginning		452,033		337,765


Cash and cash equivalents, ending	$	330,989	$	337,514

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 34

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(25,359)	$	(19,695)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(87,634)		(230,134)


Net cash (used in) provided by operating activities		(112,993)		(249,829)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(112,993)		(249,829)


Cash and cash equivalents, beginning		394,837		849,078


Cash and cash equivalents, ending	$	281,844	$	599,249

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 35

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(16,570)	$	(23,504)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		(391,519)


Net cash (used in) provided by operating activities		(16,570)		(415,023)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(16,570)		(415,023)


Cash and cash equivalents, beginning		4,428,306		2,392,767


Cash and cash equivalents, ending	$	4,411,736	$	1,977,744

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 36

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(43,526)	$	(8,882)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		(614,874)


Net cash (used in) provided by operating activities		(43,526)		(623,756)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(43,526)		(623,756)


Cash and cash equivalents, beginning		2,106,050		2,934,317


Cash and cash equivalents, ending	$	2,062,524	$	2,310,561

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 37

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	7,558	$	947
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(189,816)		(34,910)


Net cash (used in) provided by operating activities		(182,258)		(33,963)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(182,258)		(33,963)


Cash and cash equivalents, beginning		517,887		2,096,039


Cash and cash equivalents, ending	$	335,629	$	2,062,076

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 38

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	7,113	$	(24,830)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(7,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,500		(6,543)
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(18,234)		11,134


Net cash (used in) provided by operating activities		(14,621)		(20,239)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		7,000		-


Net cash (used in) provided by investing activities		7,000		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(7,621)		(20,239)


Cash and cash equivalents, beginning		1,492,145		3,042,864


Cash and cash equivalents, ending	$	1,484,524	$	3,022,625

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 39

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	-	$	(8,311)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		(6,543)
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		(340,846)


Net cash (used in) provided by operating activities		-		(355,700)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(355,700)


Cash and cash equivalents, beginning		-		1,248,898


Cash and cash equivalents, ending	$	-	$	893,198

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 40

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(41,739)	$	(36,691)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(123,406)		(19,234)


Net cash (used in) provided by operating activities		(165,145)		(55,925)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-

		-		-
Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(165,145)		(55,925)


Cash and cash equivalents, beginning		431,341		248,318


Cash and cash equivalents, ending	$	266,196	$	192,393

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 41

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	7,630	$	(51,239)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(14,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		9,000		(4,500)
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(355,168)		(17,061)


Net cash (used in) provided by operating activities		(352,538)		(72,800)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		14,000		-


Net cash (used in) provided by investing activities		14,000		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(338,538)		(72,800)


Cash and cash equivalents, beginning		741,152		322,902


Cash and cash equivalents, ending	$	402,614	$	250,102

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 42

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(31,463)	$	(50,283)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		(11,300)
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(31,463)		(61,583)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(31,463)		(61,583)


Cash and cash equivalents, beginning		1,327,017		1,072,528


Cash and cash equivalents, ending	$	1,295,554	$	1,010,945

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 43

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	7,320	$	(20,735)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(9,000)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		6,000		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(295,671)		57,693


Net cash (used in) provided by operating activities		(291,351)		36,958


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		9,000		-


Net cash (used in) provided by investing activities		9,000		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(282,351)		36,958


Cash and cash equivalents, beginning		854,364		351,638


Cash and cash equivalents, ending	$	572,013	$	388,596

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 44

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(59,859)	$	(64,630)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		60,098		60,971


Net cash (used in) provided by operating activities		239		(3,659)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		239		(3,659)


Cash and cash equivalents, beginning		84,006		66,324


Cash and cash equivalents, ending	$	84,245	$	62,665

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 45

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	278,641	$	(60,559)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(342,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		7,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		70,024		15,700


Net cash (used in) provided by operating activities		13,665		(44,859)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		342,500		-


Net cash (used in) provided by investing activities		342,500		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		356,165		(44,859)


Cash and cash equivalents, beginning		753,702		803,153


Cash and cash equivalents, ending	$	1,109,867	$	758,294

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 46

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(55,449)	$	(60,956)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		52,299		52,299


Net cash (used in) provided by operating activities		(3,150)		(8,657)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash (used in) provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(3,150)		(8,657)


Cash and cash equivalents, beginning		466,399		651,129


Cash and cash equivalents, ending	$	463,249	$	642,472

The accompanying notes are an integral part of this condensed statement

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

NOTE A - ORGANIZATION

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

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

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

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

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

NOTE A - ORGANIZATION (continued)

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

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

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

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

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

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

NOTE C - RELATED PARTY TRANSACTIONS

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

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

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

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

NOTE C - RELATED PARTY TRANSACTIONS (continued)

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

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

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

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

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

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

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

Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at June 30, 2018 and 2017, are as follows:

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

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition

Series 20	1	-	$	155,337	$	155,337
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	2	-		24,006		24,006
Series 31	1	-		7,500		7,500
Series 32	-	1		487,880		487,880
Series 38	1	-		7,000		7,000
Series 41	-	1		14,000		14,000
Series 43	1	-		9,000		9,000
Series 45	1	-		342,500		342,500
Total	11	2	$	1,189,217	$	1,189,317

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

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

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition *		Gain on Disposition

Series 23	-	1	$	959,665	$	959,665
Series 27	-	1		3,291,567		3,291,567
Series 30	1	1		148,430		263,893
Series 32	-	-		14,506		14,506
Total	1	3	$	4,414,168	$	4,529,631

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

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

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

		2018	2017

Revenues
	Rental	$ 11,545,111	$ 14,029,090
	Interest and other	360,002	446,491
		11,905,113	14,475,581

Expenses
	Interest	1,886,045	2,382,891
	Depreciation and amortization	3,000,974	3,780,719
	Operating expenses	8,355,030	10,381,532
		13,242,049	16,545,142

NET LOSS		$ (1,336,936)	$ (2,069,561)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (1,323,567)	$ (2,048,864)

Net loss allocated to other Partners		$ (13,369)	$ (20,697)

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

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 20

		2018	2017
Revenues
	Rental	$ 69,740	$ 133,471
	Interest and other	4,960	8,457
		74,700	141,928

Expenses
	Interest	5,866	12,868
	Depreciation and amortization	14,208	36,093
	Operating expenses	62,258	117,558
		82,332	166,519

NET LOSS		$ (7,632)	$ (24,591)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (7,556)	$ (24,345)

Net loss allocated to other Partners		$ (76)	$ (246)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 21

		2018	2017
Revenues
	Rental	$ -	$ 123,389
	Interest and other	-	860
		-	124,249

Expenses
	Interest	-	9,916
	Depreciation and amortization	-	20,720
	Operating expenses	-	98,300
		-	128,936

NET LOSS		$ -	$ (4,687)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ (4,640)

Net loss allocated to other Partners		$ -	$ (47)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 22

		2018	2017
Revenues
	Rental	$ 127,504	$ 127,528
	Interest and other	3,212	4,554
		130,716	132,082

Expenses
	Interest	10,877	11,342
	Depreciation and amortization	27,270	27,089
	Operating expenses	107,889	136,469
		146,036	174,900

NET LOSS		$ (15,320)	$ (42,818)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (15,167)	$ (42,390)

Net loss allocated to other Partners		$ (153)	$ (428)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 23

		2018	2017
Revenues
	Rental	$ 102,185	$ 105,624
	Interest and other	4,210	5,298
		106,395	110,922

Expenses
	Interest	7,445	6,020
	Depreciation and amortization	22,548	22,449
	Operating expenses	84,644	87,804
		114,637	116,273

NET LOSS		$ (8,242)	$ (5,351)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (8,160)	$ (5,297)

Net loss allocated to other Partners		$ (82)	$ (54)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 24

		2018	2017
Revenues
	Rental	$ 214,201	$ 256,294
	Interest and other	6,867	5,121
		221,068	261,415

Expenses
	Interest	17,395	22,563
	Depreciation and amortization	60,969	70,348
	Operating expenses	171,220	206,766
		249,584	299,677

NET LOSS		$ (28,516)	$ (38,262)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (28,231)	$ (37,879)

Net loss allocated to other Partners		$ (285)	$ (383)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 25

		2018	2017
Revenues
	Rental	$ -	$ 214,392
	Interest and other	-	5,238
		-	219,630

Expenses
	Interest	-	20,184
	Depreciation and amortization	-	44,177
	Operating expenses	-	164,759
		-	229,120

NET LOSS		$ -	$ (9,490)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ (9,395)

Net loss allocated to other Partners		$ -	$ (95)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 26

		2018	2017
Revenues
	Rental	$ 318,677	$ 543,233
	Interest and other	3,828	14,389
		322,505	557,622

Expenses
	Interest	55,837	76,663
	Depreciation and amortization	77,703	143,109
	Operating expenses	268,413	462,402
		401,953	682,174

NET LOSS		$ (79,448)	$ (124,552)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (78,654)	$ (123,306)

Net loss allocated to other Partners		$ (794)	$ (1,246)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 27

		2018	2017
Revenues
	Rental	$ 165,151	$ 201,149
	Interest and other	3,247	2,811
		168,398	203,960

Expenses
	Interest	8,310	11,753
	Depreciation and amortization	44,462	60,321
	Operating expenses	137,679	164,799
		190,451	236,873

NET LOSS		$ (22,053)	$ (32,913)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (21,832)	$ (32,584)

Net loss allocated to other Partners		$ (221)	$ (329)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 28

		2018	2017
Revenues
	Rental	$ 205,590	$ 250,570
	Interest and other	11,285	6,318
		216,875	256,888

Expenses
	Interest	33,284	40,758
	Depreciation and amortization	45,881	56,444
	Operating expenses	170,438	195,958
		249,603	293,160

NET LOSS		$ (32,728)	$ (36,272)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (32,401)	$ (35,909)

Net loss allocated to other Partners		$ (327)	$ (363)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 29

		2018	2017
Revenues
	Rental	$ 302,956	$ 437,102
	Interest and other	12,746	42,050
		315,702	479,152

Expenses
	Interest	63,618	98,351
	Depreciation and amortization	66,659	123,879
	Operating expenses	252,989	388,803
		383,266	611,033

NET LOSS		$ (67,564)	$ (131,881)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (66,888)	$ (130,562)

Net loss allocated to other Partners		$ (676)	$ (1,319)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 30

		2018	2017
Revenues
	Rental	$ 203,637	$ 257,521
	Interest and other	5,858	6,320
		209,495	263,841

Expenses
	Interest	19,972	23,407
	Depreciation and amortization	48,004	72,625
	Operating expenses	169,158	202,203
		237,134	298,235

NET LOSS		$ (27,639)	$ (34,394)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (27,363)	$ (34,050)

Net loss allocated to other Partners		$ (276)	$ (344)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 31

		2018	2017
Revenues
	Rental	$ 301,590	$ 426,560
	Interest and other	10,945	12,249
		312,535	438,809

Expenses
	Interest	22,551	42,067
	Depreciation and amortization	108,367	143,308
	Operating expenses	296,847	378,566
		427,765	563,941

NET LOSS		$ (115,230)	$ (125,132)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (114,078)	$ (123,881)

Net loss allocated to other Partners		$ (1,152)	$ (1,251)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 32

		2018	2017
Revenues
	Rental	$ 385,247	$ 568,464
	Interest and other	5,736	17,896
		390,983	586,360

Expenses
	Interest	64,222	89,004
	Depreciation and amortization	109,582	167,867
	Operating expenses	320,647	440,872
		494,451	697,743

NET LOSS		$ (103,468)	$ (111,383)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (102,433)	$ (110,269)

Net loss allocated to other Partners		$ (1,035)	$ (1,114)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 33

		2018	2017
Revenues
	Rental	$ 316,467	$ 352,356
	Interest and other	11,510	12,747
		327,977	365,103

Expenses
	Interest	50,837	59,782
	Depreciation and amortization	69,767	89,646
	Operating expenses	232,835	269,458
		353,439	418,886

NET LOSS		$ (25,462)	$ (53,783)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (25,207)	$ (53,245)

Net loss allocated to other Partners		$ (255)	$ (538)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 34

		2018	2017
Revenues
	Rental	$ 247,506	$ 242,936
	Interest and other	12,600	8,753
		260,106	251,689

Expenses
	Interest	28,958	26,066
	Depreciation and amortization	68,548	68,907
	Operating expenses	185,490	188,617
		282,996	283,590

NET LOSS		$ (22,890)	$ (31,901)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (22,661)	$ (31,582)

Net loss allocated to other Partners		$ (229)	$ (319)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 35

		2018	2017
Revenues
	Rental	$ 252,467	$ 313,246
	Interest and other	14,152	9,606
		266,619	322,852

Expenses
	Interest	41,622	51,614
	Depreciation and amortization	80,578	92,481
	Operating expenses	151,889	185,357
		274,089	329,452

NET LOSS		$ (7,470)	$ (6,600)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (7,395)	$ (6,534)

Net loss allocated to other Partners		$ (75)	$ (66)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 36

		2018	2017
Revenues
	Rental	$ 165,386	$ 161,046
	Interest and other	4,998	4,589
		170,384	165,635

Expenses
	Interest	30,331	32,208
	Depreciation and amortization	42,255	42,278
	Operating expenses	120,885	124,116
		193,471	198,602

NET LOSS		$ (23,087)	$ (32,967)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (22,856)	$ (32,637)

Net loss allocated to other Partners		$ (231)	$ (330)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 37

		2018	2017
Revenues
	Rental	$ 185,681	$ 203,958
	Interest and other	19,036	20,176
		204,717	224,134

Expenses
	Interest	31,027	32,077
	Depreciation and amortization	57,825	69,701
	Operating expenses	133,661	158,294
		222,513	260,072

NET LOSS		$ (17,796)	$ (35,938)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (17,618)	$ (35,579)

Net loss allocated to other Partners		$ (178)	$ (359)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 38

		2018	2017
Revenues
	Rental	$ 405,363	$ 443,713
	Interest and other	8,187	5,418
		413,550	449,131

Expenses
	Interest	55,620	61,781
	Depreciation and amortization	77,757	93,157
	Operating expenses	282,404	320,254
		415,781	475,192

NET LOSS		$ (2,231)	$ (26,061)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (2,209)	$ (25,800)

Net loss allocated to other Partners		$ (22)	$ (261)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 39

		2018	2017
Revenues
	Rental	$ -	$ 42,108
	Interest and other	-	-
		-	42,108

Expenses
	Interest	-	1,559
	Depreciation and amortization	-	7,273
	Operating expenses	-	36,625
		-	45,457

NET LOSS		$ -	$ (3,349)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ (3,316)

Net loss allocated to other Partners		$ -	$ (33)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 40

		2018	2017
Revenues
	Rental	$ 536,374	$ 622,783
	Interest and other	14,697	14,318
		551,071	637,101

Expenses
	Interest	99,916	135,162
	Depreciation and amortization	149,818	177,693
	Operating expenses	427,291	490,299
		677,025	803,154

NET LOSS		$ (125,954)	$ (166,053)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (124,694)	$ (164,392)

Net loss allocated to other Partners		$ (1,260)	$ (1,661)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 41

		2018	2017
Revenues
	Rental	$ 907,775	$ 1,349,185
	Interest and other	14,831	28,304
		922,606	1,377,489

Expenses
	Interest	170,013	284,800
	Depreciation and amortization	192,377	319,024
	Operating expenses	611,831	931,604
		974,221	1,535,428

NET LOSS		$ (51,615)	$ (157,939)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (51,099)	$ (156,360)

Net loss allocated to other Partners		$ (516)	$ (1,579)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 42

		2018	2017
Revenues
	Rental	$ 641,667	$ 911,872
	Interest and other	24,793	38,065
		666,460	949,937

Expenses
	Interest	129,560	197,800
	Depreciation and amortization	194,985	280,472
	Operating expenses	474,725	680,302
		799,270	1,158,574

NET LOSS		$ (132,810)	$ (208,637)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (131,482)	$ (206,551)

Net loss allocated to other Partners		$ (1,328)	$ (2,086)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 43

		2018	2017
Revenues
	Rental	$ 1,046,749	$ 1,309,676
	Interest and other	45,181	65,602
		1,091,930	1,375,278

Expenses
	Interest	128,333	205,990
	Depreciation and amortization	347,594	431,594
	Operating expenses	788,238	1,010,064
		1,264,165	1,647,648

NET LOSS		$ (172,235)	$ (272,370)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (170,513)	$ (269,646)

Net loss allocated to other Partners		$ (1,722)	$ (2,724)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 44

		2018	2017
Revenues
	Rental	$ 1,490,507	$ 1,465,870
	Interest and other	40,927	45,471
		1,531,434	1,511,341

Expenses
	Interest	347,788	350,607
	Depreciation and amortization	338,087	341,954
	Operating expenses	855,541	878,513
		1,541,416	1,571,074

NET LOSS		$ (9,982)	$ (59,733)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (9,882)	$ (59,136)

Net loss allocated to other Partners		$ (100)	$ (597)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 45

		2018	2017
Revenues
	Rental	$ 1,772,558	$ 1,810,088
	Interest and other	40,396	36,785
		1,812,954	1,846,873

Expenses
	Interest	227,709	242,578
	Depreciation and amortization	472,229	492,220
	Operating expenses	1,306,696	1,310,510
		2,006,634	2,045,308

NET LOSS		$ (193,680)	$ (198,435)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (191,743)	$ (196,451)

Net loss allocated to other Partners		$ (1,937)	$ (1,984)

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

Boston Capital Tax Credit Fund IV L.P.

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

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 46

		2018	2017
Revenues
	Rental	$ 1,180,133	$ 1,154,956
	Interest and other	35,800	25,096
		1,215,933	1,180,052

Expenses
	Interest	234,954	235,971
	Depreciation and amortization	283,501	285,890
	Operating expenses	741,362	752,260
		1,259,817	1,274,121

NET LOSS		$ (43,884)	$ (94,069)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (43,445)	$ (93,128)

Net loss allocated to other Partners		$ (439)	$ (941)

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30, 2018

(Unaudited)

NOTE E - TAXABLE LOSS

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

NOTE F - INCOME TAXES

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

NOTE G - SUBSEQUENT EVENTS

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

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

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

Liquidity

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

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

Liquidity (continued)

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

Capital Resources

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

Series 20

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

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

Series 21

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

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

Series 22

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

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

Series 23

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

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

Series 24

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

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

Series 25

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

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

Series 26

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

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

Series 27

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

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

Series 28

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

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

Series 29

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

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

Series 30

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

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

Series 31

The Fund commenced offering BACs in Series 31 on September 11, 1997. Offers and sales of BACs in Series 31 were completed on January 18, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 27 Operating Partnerships in the amount of $32,569,100. Series 31 has since disposed of its interest in 20 of the Operating Partnerships and 7 remain.

During the quarter ended June 30, 2018, Series 31 did not record any releases of capital contributions. Series 31 has outstanding contributions payable to 3 Operating Partnerships in the amount of $66,294 as of June 30, 2018. Of the amount outstanding, $25,000 has been funded into an escrow account on behalf of one Operating Partnership. The escrowed funds will be converted to capital and the remaining contributions of $41,294 will be released when the Operating Partnerships have achieved the conditions set forth in their respective partnership agreements.

Series 32

The Fund commenced offering BACs in Series 32 on January 19, 1998. Offers and sales of BACs in Series 32 were completed on June 23, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 17 Operating Partnerships in the amount of $34,129,677. Series 32 has since sold its interest in 12 of the Operating Partnerships and 5 remain. The series has also purchased membership interests in Bradley Phase I of Massachusetts LLC, Bradley Phase II of Massachusetts LLC, Byam Village of Massachusetts LLC, Hanover Towers of Massachusetts LLC, Harbor Towers of Massachusetts LLC and Maple Hill of Massachusetts LLC. In December 2010, the investment general partner sold its membership interests and a gain on the sale of the membership interests has been recorded in the amount of $499,998 as of December 31, 2010. Under the terms of these Assignments of Membership Interests dated December 1, 1998, the series is entitled to various profits, losses, tax credits, cash flow, proceeds from capital transactions and capital accounts as defined in the individual Operating Partnership Agreements. The series utilized $1,092,847 of funds available to invest in Operating Partnerships for this investment.

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

Series 33

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

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

Series 34

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

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

Series 35

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

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

Series 36

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

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

Series 37

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

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

Series 38

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

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

Series 39

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

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

Series 40

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

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

Series 41

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

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

Series 42

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

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

Series 43

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

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

Series 44

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

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

Series 45

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

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

Series 46

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

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

Results of Operations

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

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

	3 Months Gross Fund Management Fee	3 Months Asset Management and Reporting Fee	3 Months Fund Management Fee Net of Asset Management and Reporting Fee

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

The Fund's investment objectives do not include receipt of significant cash distributions from the Operating Partnerships in which it has invested or intends to invest. The Fund's investments in Operating Partnerships have been and will be made principally with a view towards realization of federal housing tax credits for allocation to its partners and BAC holders.

Series 20

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

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

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

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

Series 21

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

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

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

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

Series 22

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

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

Series 23

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

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

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

Series 24

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

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

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

Series 25

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

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

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

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

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

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

Series 26

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

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

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

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

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

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

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

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

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

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

Brookhaven Apartments Partnership, A LP

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

Warrensburg Heights L.P.

Series 27

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

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

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

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

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

Angelou Court

Series 28

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

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

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

Maplewood Apartments Partnership, A LA Partnership

Series 29

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

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

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

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

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

Westfield Apartments Partnership, A Louisiana Partnership

The Lincoln Hotel

Poplarville Housing Inc.

Series 30

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

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

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

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

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

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

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

JMC Limited Liability Company

Series 31

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

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

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

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

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

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

Canton Housing One, L.P.

Canton Housing Two, L.P.

Canton Housing Three, L.P.

Canton Housing Four, L.P.

Series 32

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

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

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

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

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

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

Pecan Manor Apartments

Parkside Plaza, LLP

Series 33

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

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

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

Series 34

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

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

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

RHP 96-I, L.P.

Belmont Affordable Housing II, LP

Series 35

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

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

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

Series 36

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

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

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

Wingfield Apartments Limited Partnership

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

Series 37

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

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

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

Series 38

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

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

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

Series 39

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

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

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

Series 40

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

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

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

MA No 2 LLC

Center Place Apartments II Limited Partnership

Oakland Partnership

Series 41

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

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

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

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

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

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

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

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

Cedar Grove Apartments Phase I

Series 42

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

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

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

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

Wingfield Apartments Partnership II, LP

Series 43

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

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

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

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

Carpenter School I Elderly Apartments Limited

Parkside Plaza, LLP

Series 44

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

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

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

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

Series 45

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

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

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

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

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

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

Heritage Christian Home III, L.P.

Series 46

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

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

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

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

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

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

Off Balance Sheet Arrangements

None.

Principal Accounting Policies and Estimates

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

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

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

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

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

Principal Accounting Policies and Estimates - continued

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

Item 3Quantitative and Qualitative Disclosures About Market Risk

	Not Applicable

Item 4	Controls and Procedures

	(a)	Evaluation of Disclosure Controls and Procedures
		As of the end of the period covered by this report, the Fund's general partner, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of C&M Management Inc., carried out an evaluation of the effectiveness of the Fund's "disclosure controls and procedures" as defined under the Securities Exchange Act of 1934 Rules 13a-15 and 15d-15 with respect to each series individually, as well as the Fund as a whole. Based on that evaluation, the Fund's Principal Executive Officer and Principal Financial Officer have concluded that as of the end of the period covered by this report, the Fund's disclosure controls and procedures were effective to ensure that information relating to any series or the Fund as a whole required to be disclosed by it in the reports that it files or submits under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and (ii) is accumulated and communicated to the Fund's management, including the Fund's Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure with respect to each series individually, as well as the Fund as a whole.
	(b)	Changes in Internal Controls

		There were no changes in the Fund's internal control over financial reporting that occurred during the quarter ended June 30, 2018 that materially affected, or are reasonably likely to materially affect, the Fund's internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings

	None

Item 1A.	Risk Factors

	There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2018.

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds

	None

Item 3.	Defaults Upon Senior Securities

	None

Item 4.	Mine Safety Disclosures

	Not Applicable

Item 5.	Other Information

	None

Item 6.	Exhibits

		4.1 The Third Amendment to Agreement of Limited Partnership of Boston Capital Tax Credit Fund IV L.P (Incorporated by reference from Registrant's current report on Form 8-K as filed with the Securities and Exchange Commission on May 8, 2018). ex4-1.htm 31.a Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 302
		31.b Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 302
		32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 906
		32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 906

		101. The following materials from the Boston Capital Tax Credit Fund IV L.P. Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2018 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herewith

SIGNATURES

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

	Boston Capital Tax Credit Fund IV L.P.

	By:	Boston Capital Associates IV L.P. General Partner


	By:	BCA Associates Limited Partnership General Partner

	By:	C&M Management, Inc. General Partner

Date: August 13, 2018		By:	/s/ John P. Manning John P. Manning

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

DATE:	SIGNATURE:	TITLE:

August 13, 2018	/s/ John P. Manning	Director, President (Principal Executive Officer), C&M Management, Inc.; Director, President (Principal Executive Officer) BCTC IV Assignor Corp.
	John P. Manning






August 13, 2018	/s/ Marc N. Teal Marc N. Teal	Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) C&M Management Inc.; Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) BCTC IV Assignor Corp.

BF Garden Tax Credit Fund IV L.P. - FORM 10-Q - August 13, 2018

Attached files

BF Garden Tax Credit Fund IV L.P. Reports