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 endedSeptember 30, ~~2017~~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

~~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.

Yesý

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 (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit ~~and post~~ such files).

Yesý

No 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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)~~ý
		Smaller Reporting Companyý
		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 

Noý

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED SEPTEMBER 30, ~~2017~~2018

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION
			Pages
	Item 1. Condensed Financial Statements

		Condensed Balance Sheets			4-31
		Condensed Statements of Operations			32-87
		Condensed Statements of Changes in Partners' Capital (Deficit)			88-97
		Condensed Statements of Cash Flows			98-125
		Notes to Condensed Financial Statements			~~126-162~~126-161

	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			~~163-206~~162-201

	Item 3. Quantitative and Qualitative Disclosures About Market Risk			~~207~~202

	Item 4. Controls and Procedures			~~207~~202

PART II OTHER INFORMATION

	Item 1. Legal Proceedings			~~208~~203

	Item 1A. Risk Factors			~~208~~203

	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			~~208~~203

	Item 3. Defaults Upon Senior Securities			~~208~~203

	Item 4. Mine Safety Disclosures			~~208~~203

	Item 5. Other Information			~~208~~203

	Item 6. Exhibits			~~208~~203

	Signatures			~~209~~204

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		31,157,631		27,209,997		24,517,197		27,208,717
Notes receivable		22,790		22,790
Other assets		176,073		164,773		40,088		40,088

	$	31,356,494	$	27,397,560	$	24,557,285	$	27,248,805

LIABILITIES

Accounts payable and accrued expenses	$	680,585	$	697,432	$	660,673	$	654,673
Accounts payable affiliates (Note C)		35,052,389		39,637,826		25,656,166		29,495,273
Capital contributions payable		538,150		578,113		137,645		176,746

		36,271,124		40,913,371		26,454,484		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 83,310,666 outstanding as of September 30, 2017 and March 31, 2017.		2,177,044		(6,338,126)
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 September 30, 2018 and March 31, 2018.						4,099,917		2,931,035
General Partner		(7,091,674)		(7,177,685)		(5,997,116)		(6,008,922)

		(4,914,630)		(13,515,811)		(1,897,199)		(3,077,887)

	$	31,356,494	$	27,397,560	$	24,557,285	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		249,570		271,060		182,677		241,987
Notes receivable		-		-
Other assets		-		-		-		-

	$	249,570	$	271,060	$	182,677	$	241,987

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		1,477,973		1,466,902		1,256,706		1,444,723
Capital contributions payable		-		-		-		-

		1,477,973		1,466,902		1,256,706		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 3,833,200 outstanding as of September 30, 2017 and March 31, 2017.		(907,866)		(875,631)
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 September 30, 2018 and March 31, 2018.						(755,036)		(882,456)
General Partner		(320,537)		(320,211)		(318,993)		(320,280)

		(1,228,403)		(1,195,842)		(1,074,029)		(1,202,736)

	$	249,570	$	271,060	$	182,677	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		224,959		241,102		-		-
Notes receivable		-		-
Other assets		-		-		-		-

	$	224,959	$	241,102	$	-	$	-

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		1,326,675		1,321,237		-		-
Capital contributions payable		-		-		-		-

		1,326,675		1,321,237		-		-

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 September 30, 2017 and March 31, 2017.		(928,748)		(907,383)
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 September 30, 2018 and March 31, 2018.						(898,231)		(898,231)
General Partner		(172,968)		(172,752)		898,231		898,231

		(1,101,716)		(1,080,135)		-		-

	$	224,959	$	241,102	$	-	$	-

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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		231,606		252,064		177,624		221,864
Notes receivable		-		-
Other assets		-		-		-		-

	$	231,606	$	252,064	$	177,624	$	221,864

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		2,863,503		2,848,897		2,865,961		2,878,109
Capital contributions payable		-		-		-		-

		2,863,503		2,848,897		2,865,961		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 2,557,045 outstanding as of September 30, 2017 and March 31, 2017.		(2,386,494)		(2,351,781)
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 September 30, 2018 and March 31, 2018.						(2,442,370)		(2,410,599)
General Partner		(245,403)		(245,052)		(245,967)		(245,646)

		(2,631,897)		(2,596,833)		(2,688,337)		(2,656,245)

	$	231,606	$	252,064	$	177,624	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,117,517		659,167		181,808		446,136
Notes receivable		-		-
Other assets		-		-		-		-

	$	1,117,517	$	659,167	$	181,808	$	446,136

LIABILITIES

Accounts payable and accrued expenses	$	5,000	$	-	$	-	$	-
Accounts payable affiliates (Note C)		1,612,236		2,089,674		694,499		933,387
Capital contributions payable		-		-		-		-

		1,617,236		2,089,674		694,499		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 3,314,827 outstanding as of September 30, 2017 and March 31, 2017.		(209,875)		(1,131,355)
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 September 30, 2018 and March 31, 2018.						(222,718)		(197,532)
General Partner		(289,844)		(299,152)		(289,973)		(289,719)

		(499,719)		(1,430,507)		(512,691)		(487,251)

	$	1,117,517	$	659,167	$	181,808	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		382,400		427,181		406,838		453,512
Notes receivable		-		-
Other assets		-		-		-		-

	$	382,400	$	427,181	$	406,838	$	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 2,154,253 outstanding as of September 30, 2017 and March 31, 2017.		557,828		602,161
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 September 30, 2018 and March 31, 2018.						582,022		623,279
General Partner		(175,428)		(174,980)		(175,184)		(174,767)

		382,400		427,181		406,838		448,512

	$	382,400	$	427,181	$	406,838	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		427,166		344,461		-		-
Notes receivable		-		-
Other assets		1,250		1,250		-		-

	$	428,416	$	345,711	$	-	$	-

LIABILITIES

Accounts payable and accrued expenses	$	6,912	$	-	$	-	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		-		-		-		-

		6,912		-		-		-

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 September 30, 2017 and March 31, 2017.		640,905		565,870
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 September 30, 2018 and March 31, 2018.						219,815		219,815
General Partner		(219,401)		(220,159)		(219,815)		(219,815)

		421,504		345,711		-		-

	$	428,416	$	345,711	$	-	$	-

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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		692,325		677,679		594,707		642,258
Notes receivable		-		-
Other assets		-		-		-		-

	$	692,325	$	677,679	$	594,707	$	642,258

LIABILITIES

Accounts payable and accrued expenses	$	6,000	$	-	$	-	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		-		-		-		-

		6,000		-		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,995,900 issued and 3,977,000 outstanding as of September 30, 2017 and March 31, 2017.		997,805		989,245
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 September 30, 2018 and March 31, 2018.						907,103		954,178
General Partner		(311,480)		(311,566)		(312,396)		(311,920)

		686,325		677,679		594,707		642,258

	$	692,325	$	677,679	$	594,707	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		6,780,449		3,606,473		6,479,574		6,799,933
Notes receivable		-		-
Other assets		-		-		-		-

	$	6,780,449	$	3,606,473	$	6,479,574	$	6,799,933

LIABILITIES

Accounts payable and accrued expenses	$	-	$	31,673	$	-	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		-		-		-		-

		-		31,673		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,460,700 issued and 2,446,400 outstanding as of September 30, 2017 and March 31, 2017.		6,919,092		3,745,499
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 September 30, 2018 and March 31, 2018.						6,621,226		6,938,381
General Partner		(138,643)		(170,699)		(141,652)		(138,448)

		6,780,449		3,574,800		6,479,574		6,799,933

	$	6,780,449	$	3,606,473	$	6,479,574	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		771,724		812,483		716,042		742,564
Notes receivable		-		-
Other assets		-		-		-		-

	$	771,724	$	812,483	$	716,042	$	742,564

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; 4,000,738 issued and 3,990,738 outstanding as of September 30, 2017 and March 31, 2017.		1,045,844		1,086,195
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 September 30, 2018 and March 31, 2018.						990,718		1,016,975
General Partner		(274,120)		(273,712)		(274,676)		(274,411)

		771,724		812,483		716,042		742,564

	$	771,724	$	812,483	$	716,042	$	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


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		322,400		345,648		201,649		622,414
Notes receivable		-		-
Other assets		-		-		-		-

	$	322,400	$	345,648	$	201,649	$	622,414

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		3,520,285		3,479,192		3,062,314		3,559,561
Capital contributions payable		8,235		8,235		785		885

		3,528,520		3,487,427		3,063,099		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 3,965,300 outstanding as of September 30, 2017 and March 31, 2017.		(2,835,412)		(2,771,714)
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 September 30, 2018 and March 31, 2018.						(2,494,188)		(2,570,004)
General Partner		(370,708)		(370,065)		(367,262)		(368,028)

		(3,206,120)		(3,141,779)		(2,861,450)		(2,938,032)

	$	322,400	$	345,648	$	201,649	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		279,972		453,433
Other assets		-		-

	$	279,972	$	453,433




LIABILITIES

Accounts payable and accrued expenses	$	6,500	$	3,500
Accounts payable affiliates (Note C)		1,454,221		1,620,957
Capital contributions payable		48,627		65,176

		1,509,348		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 September 30, 2018 and March 31, 2018.		(990,026)		(996,782)
General Partner		(239,350)		(239,418)

		(1,229,376)		(1,236,200)

	$	279,972	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,967,831		1,971,680
Other assets		25,000		25,000

	$	1,992,831	$	1,996,680




LIABILITIES

Accounts payable and accrued expenses	$	2,500	$	-
Accounts payable affiliates (Note C)		-		-
Capital contributions payable		43,842		66,294

		46,342		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 September 30, 2018 and March 31, 2018.		2,306,283		2,290,341
General Partner		(359,794)		(359,955)

		1,946,489		1,930,386

	$	1,992,831	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		238,569		563,697
Other assets		-		-

	$	238,569	$	563,697




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		178,937		924,936
Capital contributions payable		1,229		1,229

		180,166		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 September 30, 2018 and March 31, 2018.		464,182		47,520
General Partner		(405,779)		(409,988)

		58,403		(362,468)

	$	238,569	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		231,039		452,033
Other assets		-		-

	$	231,039	$	452,033




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		1,072,651		1,252,955
Capital contributions payable		-		-

		1,072,651		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 September 30, 2018 and March 31, 2018.		(607,416)		(567,133)
General Partner		(234,196)		(233,789)

		(841,612)		(800,922)

	$	231,039	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		229,938		394,837
Other assets		-		-

	$	229,938	$	394,837




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,715,100		2,840,368
Capital contributions payable		-		-

		2,715,100		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 September 30, 2018 and March 31, 2018.		(2,159,921)		(2,120,686)
General Partner		(325,241)		(324,845)

		(2,485,162)		(2,445,531)

	$	229,938	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		4,407,984		4,428,306
Other assets		-		-

	$	4,407,984	$	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 September 30, 2018 and March 31, 2018.		4,645,929		4,666,048
General Partner		(237,945)		(237,742)

		4,407,984		4,428,306

	$	4,407,984	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		2,288,444		2,106,050
Other assets		-		-

	$	2,288,444	$	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 September 30, 2018 and March 31, 2018.		2,314,533		2,133,963
General Partner		(157,089)		(158,913)

		2,157,444		1,975,050

	$	2,288,444	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,018,996		517,887
Other assets		-		-

	$	1,018,996	$	517,887




LIABILITIES

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

		-		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 September 30, 2018 and March 31, 2018.		1,224,370		220,255
General Partner		(205,374)		(215,517)

		1,018,996		4,738

	$	1,018,996	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,482,411		1,492,145
Other assets		-		-

	$	1,482,411	$	1,492,145




LIABILITIES

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

		-		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 September 30, 2018 and March 31, 2018.		1,685,871		1,677,456
General Partner		(203,460)		(203,545)

		1,482,411		1,473,911

	$	1,482,411	$	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


		September 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 September 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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		240,570		431,341
Other assets		-		-

	$	240,570	$	431,341




LIABILITIES

Accounts payable and accrued expenses	$	5,500	$	-
Accounts payable affiliates (Note C)		2,241,257		2,413,069
Capital contributions payable		102		102

		2,246,859		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 September 30, 2018 and March 31, 2018.		(1,761,282)		(1,737,068)
General Partner		(245,007)		(244,762)

		(2,006,289)		(1,981,830)

	$	240,570	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		254,427		741,152
Other assets		-		-

	$	254,427	$	741,152




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		2,445,456		2,893,606
Capital contributions payable		-		-

		2,445,456		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 September 30, 2018 and March 31, 2018.		(1,919,950)		(1,881,761)
General Partner		(271,079)		(270,693)

		(2,191,029)		(2,152,454)

	$	254,427	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,318,553		1,327,017
Other assets		11,300		11,300

	$	1,329,853	$	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 September 30, 2018 and March 31, 2018.		1,557,241		1,565,620
General Partner		(227,642)		(227,557)

		1,329,599		1,338,063

	$	1,329,853	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		333,478		854,364
Other assets		-		-

	$	333,478	$	854,364




LIABILITIES

Accounts payable and accrued expenses	$	-	$	-
Accounts payable affiliates (Note C)		440,011		915,591
Capital contributions payable		26,082		26,082

		466,093		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 September 30, 2018 and March 31, 2018.		190,232		235,085
General Partner		(322,847)		(322,394)

		(132,615)		(87,309)

	$	333,478	$	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 3044

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
527,892
270,126
Notes receivable
-
-
Other assets
-
-
$
527,892
$
270,126
LIABILITIES
Accounts payable and accrued expenses
$
5,500
$
-
Accounts payable affiliates (Note C)
1,671,239
1,641,976
Capital contributions payable
65,176
105,139
1,741,915
1,747,115
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,651,000 issued and 2,631,000
outstanding as of September 30, 2017
and March 31, 2017.

(974,827)

(1,235,163)
General Partner
(239,196)
(241,826)
(1,214,023)
(1,476,989)
$
527,892
$
270,126

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
2,021,298
2,047,648
Notes receivable
-
-
Other assets
25,000
25,000
$
2,046,298
$
2,072,648
LIABILITIES
Accounts payable and accrued expenses
$
3,000
$
-
Accounts payable affiliates (Note C)
-
-
Capital contributions payable
66,294
66,294
69,294
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 4,395,557
outstanding as of September 30, 2017
and March 31, 2017.

2,336,492

2,365,549
General Partner
(359,488)
(359,195)
1,977,004
2,006,354
$
2,046,298
$
2,072,648

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
1,782,907
837,185
Notes receivable
-
-
Other assets
-
-
$
1,782,907
$
837,185
LIABILITIES
Accounts payable and accrued expenses
$
5,000
$
2,000
Accounts payable affiliates (Note C)
2,241,214
2,772,531
Capital contributions payable
1,229
1,229
2,247,443
2,775,760
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,754,198 issued and 4,740,198
outstanding as of September 30, 2017
and March 31, 2017.

(53,527)

(1,512,826)
General Partner
(411,009)
(425,749)
(464,536)
(1,938,575)
$
1,782,907
$
837,185

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
322,997
337,765
Notes receivable
-
-
Other assets
-
-
$
322,997
$
337,765
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
1,223,623
1,190,828
Capital contributions payable
69,154
69,154
1,292,777
1,259,982
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 September 30, 2017
and March 31, 2017.

(734,302)

(687,215)
General Partner
(235,478)
(235,002)
(969,780)
(922,217)
$
322,997
$
337,765

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
587,267
849,078
Notes receivable
-
-
Other assets
-
-
$
587,267
$
849,078
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
3,003,829
3,221,597
Capital contributions payable
-
-
3,003,829
3,221,597
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,529,319 issued and 3,517,419
outstanding as of September 30, 2017
and March 31, 2017.

(2,092,007)

(2,048,404)
General Partner
(324,555)
(324,115)
(2,416,562)
(2,372,519)
$
587,267
$
849,078

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
4,445,971
2,392,767
Notes receivable
-
-
Other assets
-
-
$
4,445,971
$
2,392,767
LIABILITIES
Accounts payable and accrued expenses
$
3,000
$
-
Accounts payable affiliates (Note C)
-
551,982
Capital contributions payable
-
-
3,000
551,982
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,300,463 issued and 3,288,363
outstanding as of September 30, 2017
and March 31, 2017.

4,680,566

2,104,402
General Partner
(237,595)
(263,617)
4,442,971
1,840,785
$
4,445,971
$
2,392,767

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
2,135,713
2,934,317
Notes receivable
-
-
Other assets
-
-
$
2,135,713
$
2,934,317
LIABILITIES
Accounts payable and accrued expenses
$
131,000
$
131,000
Accounts payable affiliates (Note C)
-
767,505
Capital contributions payable
-
-
131,000
898,505
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,106,838 issued and 2,095,704
outstanding as of September 30, 2017
and March 31, 2017.

2,163,329

2,194,117
General Partner
(158,616)
(158,305)
2,004,713
2,035,812
$
2,135,713
$
2,934,317

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED BALANCE SHEETS~~

~~(Unaudited)~~

~~Series 37~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
1,140,081
2,096,039
Notes receivable
-
-
Other assets
-
-
$
1,140,081
$
2,096,039
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
1,109,078
2,043,715
Capital contributions payable
138,438
138,438
1,247,516
2,182,153
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,512,500 issued and 2,495,600
outstanding as of September 30, 2017
and March 31, 2017.

109,204

130,312
General Partner
(216,639)
(216,426)
(107,435)
(86,114)
$
1,140,081
$
2,096,039

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
2,192,458
3,042,864
Notes receivable
-
-
Other assets
-
-
$
2,192,458
$
3,042,864
LIABILITIES
Accounts payable and accrued expenses
$
-
$
6,543
Accounts payable affiliates (Note C)
720,560
1,515,985
Capital contributions payable
-
-
720,560
1,522,528
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,543,100 issued and 2,540,100
outstanding as of September 30, 2017
and March 31, 2017.

1,675,463

1,723,417
General Partner
(203,565)
(203,081)
1,471,898
1,520,336
$
2,192,458
$
3,042,864

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED BALANCE SHEETS~~

~~(Unaudited)~~

~~Series 39~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
297,104
1,248,898
Notes receivable
-
-
Other assets
-
-
$
297,104
$
1,248,898
LIABILITIES
Accounts payable and accrued expenses
$
-
$
6,543
Accounts payable affiliates (Note C)
237,492
1,154,240
Capital contributions payable
-
-
237,492
1,160,783
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 September 30, 2017
and March 31, 2017.

255,459

283,677
General Partner
(195,847)
(195,562)
59,612
88,115
$
297,104
$
1,248,898

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
761,291
248,318
Notes receivable
-
-
Other assets
-
-
$
761,291
$
248,318
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
2,693,533
2,684,058
Capital contributions payable
102
102
2,693,635
2,684,160
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,630,256 issued and 2,622,756
outstanding as of September 30, 2017
and March 31, 2017.

(1,688,077)

(2,186,540)
General Partner
(244,267)
(249,302)
(1,932,344)
(2,435,842)
$
761,291
$
248,318

~~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~~


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		949,622		322,902		106,507		84,006
Notes receivable		-		-
Other assets		1,218		1,218		-		-

	$	950,840	$	324,120	$	106,507	$	84,006

LIABILITIES

Accounts payable and accrued expenses	$	-	$	4,500	$	-	$	-
Accounts payable affiliates (Note C)		3,321,341		3,286,255		2,952,865		2,830,127
Capital contributions payable		100		100		-		-

		3,321,441		3,290,855		2,952,865		2,830,127

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,891,626 issued and 2,884,126 outstanding as of September 30, 2017 and March 31, 2017.		(2,097,726)		(2,687,899)
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 September 30, 2018 and March 31, 2018.						(2,580,447)		(2,481,212)
General Partner		(272,875)		(278,836)		(265,911)		(264,909)

		(2,370,601)		(2,966,735)		(2,846,358)		(2,746,121)

	$	950,840	$	324,120	$	106,507	$	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


		September 30, 2018		March 31, 2018


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		874,021		753,702
Other assets		-		-

	$	874,021	$	753,702




LIABILITIES

Accounts payable and accrued expenses	$	515,173	$	515,173
Accounts payable affiliates (Note C)		2,479,600		2,584,511
Capital contributions payable		16,724		16,724

		3,011,497		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 September 30, 2018 and March 31, 2018.		(1,762,439)		(1,985,417)
General Partner		(375,037)		(377,289)

		(2,137,476)		(2,362,706)

	$	874,021	$	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 4246


		September 30, 2017		March 31, 2017		September 30, 2018		March 31, 2018

INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		970,331		1,072,528		303,538		466,399
Notes receivable		22,790		22,790
Other assets		62,303		51,003		3,788		3,788

	$	1,055,424	$	1,146,321	$	307,326	$	470,187

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		-		-		1,796,588		1,871,990
Capital contributions payable		73,433		73,433		-		-

		73,433		73,433		1,796,588		1,871,990

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,744,262 issued and 2,736,262 outstanding as of September 30, 2017 and March 31, 2017.		1,213,109		1,303,097
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 September 30, 2018 and March 31, 2018.						(1,211,627)		(1,125,043)
General Partner		(231,118)		(230,209)		(277,635)		(276,760)

		981,991		1,072,888		(1,489,262)		(1,401,803)

	$	1,055,424	$	1,146,321	$	307,326	$	470,187

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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
379,962
351,638
Notes receivable
-
-
Other assets
82,514
82,514
$
462,476
$
434,152
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
887,180
771,794
Capital contributions payable
99,265
99,265
986,445
871,059
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,637,987 issued and 3,632,487
outstanding as of September 30, 2017
and March 31, 2017.

(197,208)

(111,017)
General Partner
(326,761)
(325,890)
(523,969)
(436,907)
$
462,476
$
434,152

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED BALANCE SHEETS~~

~~(Unaudited)~~

~~Series 44~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
53,200
66,324
Notes receivable
-
-
Other assets
-
-
$
53,200
$
66,324
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
2,707,154
2,584,641
Capital contributions payable
-
-
2,707,154
2,584,641
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,701,973 issued and 2,699,473
outstanding as of September 30, 2017
and March 31, 2017.

(2,389,967)

(2,255,686)
General Partner
(263,987)
(262,631)
(2,653,954)
(2,518,317)
$
53,200
$
66,324

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
739,188
803,153
Notes receivable
-
-
Other assets
-
-
$
739,188
$
803,153
LIABILITIES
Accounts payable and accrued expenses
$
515,173
$
515,173
Accounts payable affiliates (Note C)
2,443,905
2,357,846
Capital contributions payable
16,724
16,724
2,975,802
2,889,743
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,014,367 issued and 4,009,667
outstanding as of September 30, 2017
and March 31, 2017.

(1,860,586)

(1,712,062)
General Partner
(376,028)
(374,528)
(2,236,614)
(2,086,590)
$
739,188
$
803,153

~~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~~

September 30,
2017

March 31,
2017
INVESTMENTS IN OPERATING PARTNERSHIPS
$
-
$
-
OTHER ASSETS
Cash and cash equivalents
650,233
651,129
Notes receivable
-
-
Other assets
3,788
3,788
$
654,021
$
654,917
LIABILITIES
Accounts payable and accrued expenses
$
-
$
-
Accounts payable affiliates (Note C)
1,991,569
1,886,971
Capital contributions payable
-
-
1,991,569
1,886,971
PARTNERS' CAPITAL (DEFICIT)
Assignees
Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,980,998 issued and 2,971,998
outstanding as of September 30, 2017
and March 31, 2017.

(1,061,430)

(956,991)
General Partner
(276,118)
(275,063)
(1,337,548)
(1,232,054)
$
654,021
$
654,917

~~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 September 30,
(Unaudited)

		2017		2016		2018		2017

Income
Interest income	$	22,898	$	13,661	$	52,135	$	22,898
Other income		104,930		65,011		75,634		104,930

		127,828		78,672		127,769		127,828



Share of income from Operating Partnerships (Note D)		5,720,798		2,624,637		1,430,313		5,720,798


Expenses
Professional fees		426,290		394,385		58,780		426,290
Fund management fee, net (Note C)		553,340		675,651		404,905		553,340
General and administrative expenses		142,325		173,768		165,278		142,325

		1,121,955		1,243,804		628,963		1,121,955


NET INCOME (LOSS)	$	4,726,671	$	1,459,505	$	929,119	$	4,726,671


Net income (loss) allocated to assignees	$	4,679,402	$	1,444,911	$	919,829	$	4,679,402


Net income (loss) allocated to general partner	$	47,269	$	14,594	$	9,290	$	47,269


Net income (loss) per BAC	$	.06	$	.02	$	.01	$	.06

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 September 30,
(Unaudited)

Series 20

		2017		2016		2018		2017

Income
Interest income	$	33	$	117	$	393	$	33
Other income		-		-		-		-

		33		117		393		33



Share of income from Operating Partnerships (Note D)		-		138,000		-		-


Expenses
Professional fees		10,643		8,653		1,565		10,643
Fund management fee, net (Note C)		5,240		5,335		2,549		5,240
General and administrative expenses		5,809		7,503		7,138		5,809

		21,692		21,491		11,252		21,692


NET INCOME (LOSS)	$	(21,659)	$	116,626	$	(10,859)	$	(21,659)


Net income (loss) allocated to assignees	$	(21,442)	$	115,460	$	(10,750)	$	(21,442)


Net income (loss) allocated to general partner	$	(217)	$	1,166	$	(109)	$	(217)


Net income (loss) per BAC	$	(.01)	$	.03	$	(.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 September 30,
(Unaudited)

Series 21

		2017		2016		2018		2017

Income
Interest income	$	27	$	156	$	-	$	27
Other income		859		859		-		859

		886		1,015		-		886



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


Expenses
Professional fees		8,330		9,737		-		8,330
Fund management fee, net (Note C)		1,131		1,130		-		1,131
General and administrative expenses		4,643		5,503		-		4,643

		14,104		16,370		-		14,104


NET INCOME (LOSS)	$	(13,218)	$	(15,355)	$	-	$	(13,218)


Net income (loss) allocated to assignees	$	(13,086)	$	(15,201)	$	-	$	(13,086)


Net income (loss) allocated to general partner	$	(132)	$	(154)	$	-	$	(132)


Net income (loss) per BAC	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 22

		2017		2016		2018		2017

Income
Interest income	$	80	$	99	$	591	$	80
Other income		-		-		-		-

		80		99		591		80



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


Expenses
Professional fees		9,180		11,304		1,565		9,180
Fund management fee, net (Note C)		7,303		7,302		6,426		7,303
General and administrative expenses		5,130		6,397		6,452		5,130

		21,613		25,003		14,443		21,613


NET INCOME (LOSS)	$	(21,533)	$	(24,904)	$	(13,852)	$	(21,533)


Net income (loss) allocated to assignees	$	(21,318)	$	(24,655)	$	(13,713)	$	(21,318)


Net income (loss) allocated to general partner	$	(215)	$	(249)	$	(139)	$	(215)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 23

		2017		2016		2018		2017

Income
Interest income	$	1,358	$	74	$	633	$	1,358
Other income		1,977		-		1,977		1,977

		3,335		74		2,610		3,335



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


Expenses
Professional fees		12,166		12,999		1,686		12,166
Fund management fee, net (Note C)		5,556		6,270		5,556		5,556
General and administrative expenses		5,637		7,220		6,983		5,637

		23,359		26,489		14,225		23,359


NET INCOME (LOSS)	$	(20,024)	$	(26,415)	$	(11,615)	$	(20,024)


Net income (loss) allocated to assignees	$	(19,824)	$	(26,151)	$	(11,499)	$	(19,824)


Net income (loss) allocated to general partner	$	(200)	$	(264)	$	(116)	$	(200)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 24

		2017		2016		2018		2017

Income
Interest income	$	79	$	105	$	528	$	79
Other income		404		2,062		582		404

		483		2,167		1,110		483



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


Expenses
Professional fees		10,353		9,631		1,746		10,353
Fund management fee, net (Note C)		11,410		11,150		9,594		11,410
General and administrative expenses		5,055		5,949		6,114		5,055

		26,818		26,730		17,454		26,818


NET INCOME (LOSS)	$	(26,335)	$	(24,563)	$	(16,344)	$	(26,335)


Net income (loss) allocated to assignees	$	(26,072)	$	(24,317)	$	(16,181)	$	(26,072)


Net income (loss) allocated to general partner	$	(263)	$	(246)	$	(163)	$	(263)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 25

		2017		2016		2018		2017

Income
Interest income	$	71	$	87	$	-	$	71
Other income		10,178		10,162		-		10,178

		10,249		10,249		-		10,249



Share of income from Operating Partnerships (Note D)		97,399		-		-		97,399


Expenses
Professional fees		9,698		8,628		-		9,698
Fund management fee, net (Note C)		3,748		224		-		3,748
General and administrative expenses		5,523		6,792		-		5,523

		18,969		15,644		-		18,969


NET INCOME (LOSS)	$	88,679	$	(5,395)	$	-	$	88,679


Net income (loss) allocated to assignees	$	87,792	$	(5,341)	$	-	$	87,792


Net income (loss) allocated to general partner	$	887	$	(54)	$	-	$	887


Net income (loss) per BAC	$	.03	$	(.00)	$	-	$	.03

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 September 30,
(Unaudited)

Series 26

		2017		2016		2018		2017

Income
Interest income	$	132	$	229	$	1,023	$	132
Other income		106		796		-		106

		238		1,025		1,023		238



Share of income from Operating Partnerships (Note D)		80,000		18,500		-		80,000


Expenses
Professional fees		15,501		16,794		2,166		15,501
Fund management fee, net (Note C)		19,704		19,769		13,938		19,704
General and administrative expenses		6,160		8,011		7,234		6,160

		41,365		44,574		23,338		41,365


NET INCOME (LOSS)	$	38,873	$	(25,049)	$	(22,315)	$	38,873


Net income (loss) allocated to assignees	$	38,484	$	(24,799)	$	(22,092)	$	38,484


Net income (loss) allocated to general partner	$	389	$	(250)	$	(223)	$	389


Net income (loss) per BAC	$	.01	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 27

		2017		2016		2018		2017

Income
Interest income	$	7,606	$	2,704	$	13,765	$	7,606
Other income		10,103		6,000		1,366		10,103

		17,709		8,704		15,131		17,709



Share of income from Operating Partnerships (Note D)		-		21,000		-		-


Expenses
Professional fees		58,769		33,467		2,670		58,769
Fund management fee, net (Note C)		7,555		25,866		5,255		7,555
General and administrative expenses		5,070		6,039		6,244		5,070

		71,394		65,372		14,169		71,394


NET INCOME (LOSS)	$	(53,685)	$	(35,668)	$	962	$	(53,685)


Net income (loss) allocated to assignees	$	(53,148)	$	(35,311)	$	952	$	(53,148)


Net income (loss) allocated to general partner	$	(537)	$	(357)	$	10	$	(537)


Net income (loss) per BAC	$	(.02)	$	(.01)	$	.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 September 30,
(Unaudited)

Series 28

		2017		2016		2018		2017

Income
Interest income	$	146	$	305	$	1,047	$	146
Other income		-		-		-		-

		146		305		1,047		146



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


Expenses
Professional fees		11,689		14,957		1,686		11,689
Fund management fee, net (Note C)		8,844		8,844		7,296		8,844
General and administrative expenses		5,815		7,349		7,029		5,815

		26,348		31,150		16,011		26,348


NET INCOME (LOSS)	$	(26,202)	$	(30,845)	$	(14,964)	$	(26,202)


Net income (loss) allocated to assignees	$	(25,940)	$	(30,537)	$	(14,814)	$	(25,940)


Net income (loss) allocated to general partner	$	(262)	$	(308)	$	(150)	$	(262)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 29

		2017		2016		2018		2017

Income
Interest income	$	87	$	179	$	962	$	87
Other income		-		-		-		-

		87		179		962		87



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


Expenses
Professional fees		12,992		21,913		1,866		12,992
Fund management fee, net (Note C)		17,160		16,843		7,261		17,160
General and administrative expenses		5,797		7,645		7,222		5,797

		35,949		46,401		16,349		35,949


NET INCOME (LOSS)	$	(35,862)	$	(46,222)	$	(15,387)	$	(35,862)


Net income (loss) allocated to assignees	$	(35,503)	$	(45,760)	$	(15,233)	$	(35,503)


Net income (loss) allocated to general partner	$	(359)	$	(462)	$	(154)	$	(359)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 30

		2017		2016		2018		2017

Income
Interest income	$	69	$	145	$	789	$	69
Other income		-		-		-		-

		69		145		789		69



Share of income from Operating Partnerships (Note D)		2,091		-		17,549		2,091


Expenses
Professional fees		11,355		13,780		1,866		11,355
Fund management fee, net (Note C)		12,609		17,421		7,462		12,609
General and administrative expenses		4,886		5,840		6,262		4,886

		28,850		37,041		15,590		28,850


NET INCOME (LOSS)	$	(26,690)	$	(36,896)	$	2,748	$	(26,690)


Net income (loss) allocated to assignees	$	(26,423)	$	(36,527)	$	2,721	$	(26,423)


Net income (loss) allocated to general partner	$	(267)	$	(369)	$	27	$	(267)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	.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 September 30,
(Unaudited)

Series 31

		2017		2016		2018		2017

Income
Interest income	$	1,393	$	679	$	4,528	$	1,393
Other income		640		114		-		640

		2,033		793		4,528		2,033



Share of income from Operating Partnerships (Note D)		45,000		-		61,952		45,000


Expenses
Professional fees		20,446		17,135		1,986		20,446
Fund management fee, net (Note C)		21,699		34,521		16,535		21,699
General and administrative expenses		5,823		7,601		7,084		5,823

		47,968		59,257		25,605		47,968


NET INCOME (LOSS)	$	(935)	$	(58,464)	$	40,875	$	(935)


Net income (loss) allocated to assignees	$	(926)	$	(57,879)	$	40,466	$	(926)


Net income (loss) allocated to general partner	$	(9)	$	(585)	$	409	$	(9)


Net income (loss) per BAC	$	(.00)	$	(.01)	$	.01	$	(.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 September 30,
(Unaudited)

Series 32

		2017		2016		2018		2017

Income
Interest income	$	459	$	393	$	341	$	459
Other income		-		-		-		-

		459		393		341		459



Share of income from Operating Partnerships (Note D)		1,533,999		-		-		1,533,999


Expenses
Professional fees		14,753		12,691		1,866		14,753
Fund management fee, net (Note C)		26,370		39,120		19,794		26,370
General and administrative expenses		5,839		7,768		7,173		5,839

		46,962		59,579		28,833		46,962


NET INCOME (LOSS)	$	1,487,496	$	(59,186)	$	(28,492)	$	1,487,496


Net income (loss) allocated to assignees	$	1,472,621	$	(58,594)	$	(28,207)	$	1,472,621


Net income (loss) allocated to general partner	$	14,875	$	(592)	$	(285)	$	14,875


Net income (loss) per BAC	$	.31	$	(.01)	$	(.01)	$	.31

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 September 30,

(Unaudited)

Series 33

		2017		2016		2018		2017

Income
Interest income	$	88	$	502	$	829	$	88
Other income		-		-		2,536		-

		88		502		3,365		88



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


Expenses
Professional fees		9,843		10,260		1,686		9,843
Fund management fee, net (Note C)		16,397		15,228		8,898		16,397
General and administrative expenses		4,762		5,750		6,049		4,762

		31,002		31,238		16,633		31,002


NET INCOME (LOSS)	$	(30,914)	$	(30,736)	$	(13,268)	$	(30,914)


Net income (loss) allocated to assignees	$	(30,605)	$	(30,429)	$	(13,135)	$	(30,605)


Net income (loss) allocated to general partner	$	(309)	$	(307)	$	(133)	$	(309)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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 September 30,
(Unaudited)

Series 34

		2017		2016		2018		2017

Income
Interest income	$	465	$	327	$	540	$	465
Other income		1,539		1,539		1,539		1,539

		2,004		1,866		2,079		2,004



Share of income from Operating Partnerships (Note D)		-		215,000		-		-


Expenses
Professional fees		12,958		12,364		1,626		12,958
Fund management fee, net (Note C)		8,166		5,152		8,166		8,166
General and administrative expenses		5,226		6,476		6,559		5,226

		26,350		23,992		16,351		26,350

NET INCOME (LOSS)	$	(24,346)	$	192,874	$	(14,272)	$	(24,346)


Net income (loss) allocated to assignees	$	(24,103)	$	190,945	$	(14,129)	$	(24,103)


Net income (loss) allocated to general partner	$	(243)	$	1,929	$	(143)	$	(243)


Net income (loss) per BAC	$	(.01)	$	.05	$	(.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 September 30,
(Unaudited)

Series 35

		2017		2016		2018		2017

Income
Interest income	$	2,181	$	2,593	$	8,426	$	2,181
Other income		2,818		-		-		2,818

		4,999		2,593		8,426		4,999



Share of income from Operating Partnerships (Note D)		2,653,528		85,949		-		2,653,528


Expenses
Professional fees		12,474		12,823		1,626		12,474
Fund management fee, net (Note C)		15,022		19,606		4,053		15,022
General and administrative expenses		5,339		6,579		6,499		5,339

		32,835		39,008		12,178		32,835


NET INCOME (LOSS)	$	2,625,692	$	49,534	$	(3,752)	$	2,625,692


Net income (loss) allocated to assignees	$	2,599,435	$	49,039	$	(3,714)	$	2,599,435


Net income (loss) allocated to general partner	$	26,257	$	495	$	(38)	$	26,257


Net income (loss) per BAC	$	.79	$	.01	$	(.00)	$	.79

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 September 30,
(Unaudited)

Series 36

		2017		2016		2018		2017

Income
Interest income	$	1,896	$	1,313	$	5,249	$	1,896
Other income		1,294		5,279		-		1,294

		3,190		6,592		5,249		3,190



Share of income from Operating Partnerships (Note D)		-		85,949		243,163		-


Expenses
Professional fees		13,115		12,146		10,708		13,115
Fund management fee, net (Note C)		7,626		7,626		5,990		7,626
General and administrative expenses		4,665		5,280		5,794		4,665

		25,406		25,052		22,492		25,406


NET INCOME (LOSS)	$	(22,216)	$	67,489	$	225,920	$	(22,216)


Net income (loss) allocated to assignees	$	(21,994)	$	66,814	$	223,661	$	(21,994)


Net income (loss) allocated to general partner	$	(222)	$	675	$	2,259	$	(222)


Net income (loss) per BAC	$	(.01)	$	.03	$	.11	$	(.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 September 30,
(Unaudited)

Series 37

		2017		2016		2018		2017

Income
Interest income	$	2,064	$	681	$	717	$	2,064
Other income		5,432		-		-		5,432

		7,496		681		717		7,496



Share of income from Operating Partnerships (Note D)		-		1,932,139		1,020,649		-


Expenses
Professional fees		12,645		9,619		1,566		12,645
Fund management fee, net (Note C)		12,501		34,425		3,396		12,501
General and administrative expenses		4,618		5,379		9,704		4,618

		29,764		49,423		14,666		29,764


NET INCOME (LOSS)	$	(22,268)	$	1,883,397	$	1,006,700	$	(22,268)


Net income (loss) allocated to assignees	$	(22,045)	$	1,864,563	$	996,633	$	(22,045)


Net income (loss) allocated to general partner	$	(223)	$	18,834	$	10,067	$	(223)


Net income (loss) per BAC	$	(.01)	$	.74	$	.40	$	(.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 September 30,
(Unaudited)

Series 38

		2017		2016		2018		2017

Income
Interest income	$	2,611	$	159	$	1,720	$	2,611
Other income		10,160		16,000		24,000		10,160

		12,771		16,159		25,720		12,771



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


Expenses
Professional fees		13,776		12,659		1,746		13,776
Fund management fee, net (Note C)		17,734		31,936		16,581		17,734
General and administrative expenses		4,869		5,591		6,006		4,869

		36,379		50,186		24,333		36,379


NET INCOME (LOSS)	$	(23,608)	$	(34,027)	$	1,387	$	(23,608)


Net income (loss) allocated to assignees	$	(23,372)	$	(33,687)	$	1,373	$	(23,372)


Net income (loss) allocated to general partner	$	(236)	$	(340)	$	14	$	(236)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	.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 September 30,
(Unaudited)

Series 39

		2017		2016		2018		2017

Income
Interest income	$	447	$	148	$	-	$	447
Other income		-		-		-		-

		447		148		-		447



Share of income from Operating Partnerships (Note D)		-		99,600		-		-


Expenses
Professional fees		14,305		12,146		-		14,305
Fund management fee, net (Note C)		1,709		16,280		-		1,709
General and administrative expenses		4,623		5,095		-		4,623

		20,637		33,521		-		20,637


NET INCOME (LOSS)	$	(20,190)	$	66,227	$	-	$	(20,190)


Net income (loss) allocated to assignees	$	(19,988)	$	65,565	$	-	$	(19,988)


Net income (loss) allocated to general partner	$	(202)	$	662	$	-	$	(202)


Net income (loss) per BAC	$	(.01)	$	.03	$	-	$	(.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 September 30,
(Unaudited)

Series 40

		2017		2016		2018		2017

Income
Interest income	$	64	$	103	$	787	$	64
Other income		1,250		-		1,250		1,250

		1,314		103		2,037		1,314



Share of income from Operating Partnerships (Note D)		588,952		28,500		44,500		588,952


Expenses
Professional fees		16,553		15,558		2,046		16,553
Fund management fee, net (Note C)		28,709		26,835		21,194		28,709
General and administrative expenses		4,812		5,496		6,017		4,812

		50,074		47,889		29,257		50,074


NET INCOME (LOSS)	$	540,192	$	(19,286)	$	17,280	$	540,192


Net income (loss) allocated to assignees	$	534,790	$	(19,093)	$	17,107	$	534,790


Net income (loss) allocated to general partner	$	5,402	$	(193)	$	173	$	5,402


Net income (loss) per BAC	$	.20	$	(.01)	$	.01	$	.20

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 September 30,
(Unaudited)

Series 41

		2017		2016		2018		2017

Income
Interest income	$	258	$	133	$	875	$	258
Other income		-		1,302		-		-

		258		1,435		875		258



Share of income from Operating Partnerships (Note D)		719,829		-		-		719,829


Expenses
Professional fees		16,805		17,973		2,466		16,805
Fund management fee, net (Note C)		50,647		54,348		34,076		50,647
General and administrative expenses		5,261		6,103		10,538		5,261

		72,713		78,424		47,080		72,713


NET INCOME (LOSS)	$	647,374	$	(76,989)	$	(46,205)	$	647,374


Net income (loss) allocated to assignees	$	640,900	$	(76,219)	$	(45,743)	$	640,900


Net income (loss) allocated to general partner	$	6,474	$	(770)	$	(462)	$	6,474


Net income (loss) per BAC	$	.22	$	(.03)	$	(.02)	$	.22

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 September 30,
(Unaudited)

Series 42

2017

2016
Income

Interest income
$
328
$
850
Other income

15,789

421

16,117

1,271

Share of income from
Operating Partnerships (Note D)

-

-
Expenses

Professional fees

14,660

19,287
Fund management fee, net (Note C)

36,957

36,417
General and administrative expenses

5,114

6,209

56,731

61,913

NET INCOME (LOSS)
$
(40,614)
$
(60,642)

Net income (loss) allocated to
assignees

$

(40,208)

$

(60,036)

Net income (loss) allocated to general
partner

$

(406)

$

(606)

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 September 30,~~
~~(Unaudited)~~

~~Series 43~~

		2017		2016		2018		2017

Income
Interest income	$	95	$	1,122	$	3,873	$	328
Other income		6,909		-		290		15,789

		7,004		1,122		4,163		16,117



Share of income from Operating Partnerships (Note D)		-		-		42,500		-


Expenses
Professional fees		16,878		20,142		2,286		14,660
Fund management fee, net (Note C)		51,006		50,345		15,249		36,957
General and administrative expenses		5,445		7,109		6,129		5,114

		73,329		77,596		23,664		56,731


NET INCOME (LOSS)	$	(66,325)	$	(76,474)	$	22,999	$	(40,614)


Net income (loss) allocated to assignees	$	(65,662)	$	(75,709)	$	22,769	$	(40,208)


Net income (loss) allocated to general partner	$	(663)	$	(765)	$	230	$	(406)


Net income (loss) per BAC	$	(.02)	$	(.02)	$	.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 September 30,
(Unaudited)

Series 4443

		2017		2016		2018		2017

Income
Interest income	$	6	$	13	$	1,360	$	95
Other income		11,864		981		639		6,909

		11,870		994		1,999		7,004



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


Expenses
Professional fees		20,201		10,661		2,526		16,878
Fund management fee, net (Note C)		57,825		58,769		44,591		51,006
General and administrative expenses		4,851		5,744		7,509		5,445

		82,877		75,174		54,626		73,329


NET INCOME (LOSS)	$	(71,007)	$	(74,180)	$	(52,627)	$	(66,325)


Net income (loss) allocated to assignees	$	(70,297)	$	(73,438)	$	(52,101)	$	(65,662)


Net income (loss) allocated to general partner	$	(710)	$	(742)	$	(526)	$	(663)


Net income (loss) per BAC	$	(.03)	$	(.03)	$	(.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 September 30,
(Unaudited)

Series 4544

		2017		2016		2018		2017

Income
Interest income	$	533	$	355	$	99	$	6
Other income		6,228		3,048		13,800		11,864

		6,761		3,403		13,899		11,870



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


Expenses
Professional fees		30,803		21,698		1,926		20,201
Fund management fee, net (Note C)		59,041		68,800		46,192		57,825
General and administrative expenses		6,383		7,199		6,159		4,851

		96,227		97,697		54,277		82,877


NET INCOME (LOSS)	$	(89,466)	$	(94,294)	$	(40,378)	$	(71,007)


Net income (loss) allocated to assignees	$	(88,571)	$	(93,351)	$	(39,974)	$	(70,297)


Net income (loss) allocated to general partner	$	(895)	$	(943)	$	(404)	$	(710)


Net income (loss) per BAC	$	(.02)	$	(.02)	$	(.01)	$	(.03)

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 September 30,
(Unaudited)

Series 45

		2018		2017

Income
Interest income	$	2,148	$	533
Other income		4,116		6,228

		6,264		6,761



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


Expenses
Professional fees		5,678		30,803
Fund management fee, net (Note C)		47,015		59,041
General and administrative expenses		6,981		6,383

		59,674		96,227


NET INCOME (LOSS)	$	(53,410)	$	(89,466)




Net income (loss) allocated to assignees	$	(52,876)	$	(88,571)




Net income (loss) allocated to general partner	$	(534)	$	(895)




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 September 30,
(Unaudited)

Series 46

		2017		2016		2018		2017

Income
Interest income	$	322	$	90	$	912	$	322
Other income		17,380		16,448		23,539		17,380

		17,702		16,538		24,451		17,702



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


Expenses
Professional fees		15,399		15,360		2,226		15,399
Fund management fee, net (Note C)		41,671		56,089		47,838		41,671
General and administrative expenses		5,170		6,141		6,399		5,170

		62,240		77,590		56,463		62,240


NET INCOME (LOSS)	$	(44,538)	$	(61,052)	$	(32,012)	$	(44,538)


Net income (loss) allocated to assignees	$	(44,093)	$	(60,441)	$	(31,692)	$	(44,093)


Net income (loss) allocated to general partner	$	(445)	$	(611)	$	(320)	$	(445)


Net income (loss) per BAC	$	(.01)	$	(.02)	$	(.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
Six Months Ended September 30,
(Unaudited)

		2017		2016		2018		2017

Income
Interest income	$	36,833	$	26,477	$	102,997	$	36,833
Other income		192,644		193,183		262,123		192,644

		229,477		219,660		365,120		229,477



Share of income from Operating Partnerships (Note D)		10,250,429		10,413,293		2,619,630		10,250,429


Expenses
Professional fees		555,656		580,410		426,907		555,656
Fund management fee, net (Note C)		1,073,715		1,262,700		816,630		1,073,715
General and administrative expenses		249,354		294,488		249,562		249,354

		1,878,725		2,137,598		1,493,099		1,878,725


NET INCOME (LOSS)	$	8,601,181	$	8,495,355	$	1,491,651	$	8,601,181


Net income (loss) allocated to assignees	$	8,515,170	$	8,410,400	$	1,476,735	$	8,515,170


Net income (loss) allocated to general partner	$	86,011	$	84,955	$	14,916	$	86,011


Net income (loss) per BAC	$	.10	$	.10	$	.02	$	.10

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 20

		2017		2016		2018		2017

Income
Interest income	$	68	$	221	$	979	$	68
Other income		-		-		-		-

		68		221		979		68



Share of income from Operating Partnerships (Note D)		-		138,000		155,337		-


Expenses
Professional fees		13,623		11,716		11,670		13,623
Fund management fee, net (Note C)		8,959		12,873		4,820		8,959
General and administrative expenses		10,047		12,496		11,119		10,047

		32,629		37,085		27,609		32,629


NET INCOME (LOSS)	$	(32,561)	$	101,136	$	128,707	$	(32,561)


Net income (loss) allocated to assignees	$	(32,235)	$	100,125	$	127,420	$	(32,235)


Net income (loss) allocated to general partner	$	(326)	$	1,011	$	1,287	$	(326)


Net income (loss) per BAC	$	(.01)	$	.03	$	.03	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 21

		2017		2016		2018		2017

Income
Interest income	$	56	$	380	$	-	$	56
Other income		859		859		-		859

		915		1,239		-		915



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


Expenses
Professional fees		10,960		12,719		-		10,960
Fund management fee, net (Note C)		3,387		3,385		-		3,387
General and administrative expenses		8,149		9,091		-		8,149

		22,496		25,195		-		22,496


NET INCOME (LOSS)	$	(21,581)	$	(23,956)	$	-	$	(21,581)


Net income (loss) allocated to assignees	$	(21,365)	$	(23,716)	$	-	$	(21,365)


Net income (loss) allocated to general partner	$	(216)	$	(240)	$	-	$	(216)


Net income (loss) per BAC	$	(.01)	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 22

		2017		2016		2018		2017

Income					��
Interest income	$	164	$	205	$	1,124	$	164
Other income		-		-		-		-

		164		205		1,124		164



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


Expenses
Professional fees		12,160		14,659		11,045		12,160
Fund management fee, net (Note C)		14,106		14,104		12,352		14,106
General and administrative expenses		8,962		10,594		9,819		8,962

		35,228		39,357		33,216		35,228


NET INCOME (LOSS)	$	(35,064)	$	(39,152)	$	(32,092)	$	(35,064)


Net income (loss) allocated to assignees	$	(34,713)	$	(38,760)	$	(31,771)	$	(34,713)


Net income (loss) allocated to general partner	$	(351)	$	(392)	$	(321)	$	(351)


Net income (loss) per BAC	$	(.01)	$	(.02)	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 23

		2017		2016		2018		2017

Income
Interest income	$	2,224	$	165	$	1,556	$	2,224
Other income		3,955		-		3,955		3,955

		6,179		165		5,511		6,179



Share of income from Operating Partnerships (Note D)		959,665		3,550		-		959,665


Expenses
Professional fees		15,921		18,081		12,601		15,921
Fund management fee, net (Note C)		9,362		13,742		7,506		9,362
General and administrative expenses		9,773		12,083		10,844		9,773

		35,056		43,906		30,951		35,056


NET INCOME (LOSS)	$	930,788	$	(40,191)	$	(25,440)	$	930,788


Net income (loss) allocated to assignees	$	921,480	$	(39,789)	$	(25,186)	$	921,480


Net income (loss) allocated to general partner	$	9,308	$	(402)	$	(254)	$	9,308


Net income (loss) per BAC	$	.28	$	(.01)	$	(.01)	$	.28

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 24

		2017		2016		2018		2017

Income
Interest income	$	161	$	210	$	1,121	$	161
Other income		404		3,742		582		404

		565		3,952		1,703		565



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


Expenses
Professional fees		13,678		13,150		13,741		13,678
Fund management fee, net (Note C)		22,831		20,548		20,355		22,831
General and administrative expenses		8,837		10,679		9,281		8,837

		45,346		44,377		43,377		45,346


NET INCOME (LOSS)	$	(44,781)	$	(40,425)	$	(41,674)	$	(44,781)


Net income (loss) allocated to assignees	$	(44,333)	$	(40,021)	$	(41,257)	$	(44,333)


Net income (loss) allocated to general partner	$	(448)	$	(404)	$	(417)	$	(448)


Net income (loss) per BAC	$	(.02)	$	(.02)	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 25

		2017		2016		2018		2017

Income
Interest income	$	143	$	175	$	-	$	143
Other income		10,178		10,162		-		10,178

		10,321		10,337		-		10,321



Share of income from Operating Partnerships (Note D)		97,399		-		-		97,399


Expenses
Professional fees		12,678		11,658		-		12,678
Fund management fee, net (Note C)		9,682		6,158		-		9,682
General and administrative expenses		9,567		12,438		-		9,567

		31,927		30,254		-		31,927


NET INCOME (LOSS)	$	75,793	$	(19,917)	$	-	$	75,793


Net income (loss) allocated to assignees	$	75,035	$	(19,718)	$	-	$	75,035


Net income (loss) allocated to general partner	$	758	$	(199)	$	-	$	758


Net income (loss) per BAC	$	.02	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 26

		2017		2016		2018		2017

Income
Interest income	$	269	$	578	$	1,948	$	269
Other income		526		1,216		420		526

		795		1,794		2,368		795



Share of income from Operating Partnerships (Note D)		80,000		18,500		10,500		80,000


Expenses
Professional fees		20,226		22,459		20,446		20,226
Fund management fee, net (Note C)		41,249		43,486		28,547		41,249
General and administrative expenses		10,674		14,942		11,426		10,674

		72,149		80,887		60,419		72,149


NET INCOME (LOSS)	$	8,646	$	(60,593)	$	(47,551)	$	8,646


Net income (loss) allocated to assignees	$	8,560	$	(59,987)	$	(47,075)	$	8,560


Net income (loss) allocated to general partner	$	86	$	(606)	$	(476)	$	86


Net income (loss) per BAC	$	.00	$	(.02)	$	(.01)	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 27

		2017		2016		2018		2017

Income
Interest income	$	11,943	$	3,940	$	26,237	$	11,943
Other income		10,103		6,000		1,366		10,103

		22,046		9,940		27,603		22,046



Share of income from Operating Partnerships (Note D)		3,291,567		3,016,000		-		3,291,567


Expenses
Professional fees		76,539		67,836		14,660		76,539
Fund management fee, net (Note C)		22,523		52,224		12,890		22,523
General and administrative expenses		8,902		9,889		9,449		8,902

		107,964		129,949		36,999		107,964


NET INCOME (LOSS)	$	3,205,649	$	2,895,991	$	(9,396)	$	3,205,649


Net income (loss) allocated to assignees	$	3,173,593	$	2,867,031	$	(9,302)	$	3,173,593


Net income (loss) allocated to general partner	$	32,056	$	28,960	$	(94)	$	32,056


Net income (loss) per BAC	$	1.30	$	1.17	$	(.00)	$	1.30

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 28

		2017		2016		2018		2017

Income
Interest income	$	295	$	607	$	1,978	$	295
Other income		446		7,976		446		446

		741		8,583		2,424		741



Share of income from Operating Partnerships (Note D)		-		5,000		8,500		-


Expenses
Professional fees		15,714		19,372		12,426		15,714
Fund management fee, net (Note C)		15,688		18,991		14,140		15,688
General and administrative expenses		10,098		13,669		10,880		10,098

		41,500		52,032		37,446		41,500


NET INCOME (LOSS)	$	(40,759)	$	(38,449)	$	(26,522)	$	(40,759)


Net income (loss) allocated to assignees	$	(40,351)	$	(38,065)	$	(26,257)	$	(40,351)


Net income (loss) allocated to general partner	$	(408)	$	(384)	$	(265)	$	(408)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 29

		2017		2016		2018		2017

Income
Interest income	$	179	$	457	$	2,207	$	179
Other income		-		-		-		-

		179		457		2,207		179



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


Expenses
Professional fees		16,667		60,962		15,121		16,667
Fund management fee, net (Note C)		37,706		37,389		22,354		37,706
General and administrative expenses		10,147		12,709		11,244		10,147

		64,520		111,060		48,719		64,520


NET INCOME (LOSS)	$	(64,341)	$	(110,603)	$	76,582	$	(64,341)


Net income (loss) allocated to assignees	$	(63,698)	$	(109,497)	$	75,816	$	(63,698)


Net income (loss) allocated to general partner	$	(643)	$	(1,106)	$	766	$	(643)


Net income (loss) per BAC	$	(.02)	$	(.03)	$	.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
Six Months Ended September 30,
(Unaudited)

Series 30

		2017		2016		2018		2017

Income
Interest income	$	127	$	363	$	1,588	$	127
Other income		1,243		1,243		2,049		1,243

		1,370		1,606		3,637		1,370



Share of income from Operating Partnerships (Note D)		265,984		-		41,555		265,984


Expenses
Professional fees		15,030		18,164		16,371		15,030
Fund management fee, net (Note C)		(19,291)		27,026		12,574		(19,291)
General and administrative expenses		8,649		9,758		9,423		8,649

		4,388		54,948		38,368		4,388


NET INCOME (LOSS)	$	262,966	$	(53,342)	$	6,824	$	262,966


Net income (loss) allocated to assignees	$	260,336	$	(52,809)	$	6,756	$	260,336


Net income (loss) allocated to general partner	$	2,630	$	(533)	$	68	$	2,630


Net income (loss) per BAC	$	.10	$	(.02)	$	.00	$	.10

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 31

		2017		2016		2018		2017

Income
Interest income	$	2,411	$	1,432	$	8,498	$	2,411
Other income		1,116		590		476		1,116

		3,527		2,022		8,974		3,527



Share of income from Operating Partnerships (Note D)		45,000		-		69,452		45,000


Expenses
Professional fees		25,871		22,974		17,126		25,871
Fund management fee, net (Note C)		41,898		69,542		34,127		41,898
General and administrative expenses		10,108		12,579		11,070		10,108

		77,877		105,095		62,323		77,877


NET INCOME (LOSS)	$	(29,350)	$	(103,073)	$	16,103	$	(29,350)


Net income (loss) allocated to assignees	$	(29,057)	$	(102,042)	$	15,942	$	(29,057)


Net income (loss) allocated to general partner	$	(293)	$	(1,031)	$	161	$	(293)


Net income (loss) per BAC	$	(.01)	$	(.02)	$	.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
Six Months Ended September 30,
(Unaudited)

Series 32

		2017		2016		2018		2017

Income
Interest income	$	782	$	1,019	$	1,611	$	782
Other income		-		1,800		-		-

		782		2,819		1,611		782



Share of income from Operating Partnerships (Note D)		1,548,505		-		487,880		1,548,505


Expenses
Professional fees		18,778		17,146		15,503		18,778
Fund management fee, net (Note C)		46,240		72,700		41,881		46,240
General and administrative expenses		10,230		12,910		11,236		10,230

		75,248		102,756		68,620		75,248


NET INCOME (LOSS)	$	1,474,039	$	(99,937)	$	420,871	$	1,474,039


Net income (loss) allocated to assignees	$	1,459,299	$	(98,938)	$	416,662	$	1,459,299


Net income (loss) allocated to general partner	$	14,740	$	(999)	$	4,209	$	14,740


Net income (loss) per BAC	$	.31	$	(.02)	$	.09	$	.31

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,

(Unaudited)

Series 33

		2017		2016		2018		2017

Income
Interest income	$	179	$	1,101	$	1,772	$	179
Other income		-		1,800		2,536		-

		179		2,901		4,308		179



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


Expenses
Professional fees		12,993		13,945		13,676		12,993
Fund management fee, net (Note C)		26,295		25,126		22,216		26,295
General and administrative expenses		8,454		9,562		9,106		8,454

		47,742		48,633		44,998		47,742


NET INCOME (LOSS)	$	(47,563)	$	(45,732)	$	(40,690)	$	(47,563)


Net income (loss) allocated to assignees	$	(47,087)	$	(45,275)	$	(40,283)	$	(47,087)


Net income (loss) allocated to general partner	$	(476)	$	(457)	$	(407)	$	(476)


Net income (loss) per BAC	$	(.02)	$	(.02)	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 34

		2017		2016		2018		2017

Income
Interest income	$	803	$	799	$	1,134	$	803
Other income		1,539		13,230		1,539		1,539

		2,342		14,029		2,673		2,342



Share of income from Operating Partnerships (Note D)		-		242,500		-		-


Expenses
Professional fees		16,633		16,764		11,736		16,633
Fund management fee, net (Note C)		20,532		16,469		20,532		20,532
General and administrative expenses		9,220		10,908		10,036		9,220

		46,385		44,141		42,304		46,385

NET INCOME (LOSS)	$	(44,043)	$	212,388	$	(39,631)	$	(44,043)


Net income (loss) allocated to assignees	$	(43,603)	$	210,264	$	(39,235)	$	(43,603)


Net income (loss) allocated to general partner	$	(440)	$	2,124	$	(396)	$	(440)


Net income (loss) per BAC	$	(.01)	$	.06	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 35

		2017		2016		2018		2017

Income
Interest income	$	3,635	$	3,914	$	16,237	$	3,635
Other income		2,818		4,893		-		2,818

		6,453		8,807		16,237		6,453



Share of income from Operating Partnerships (Note D)		2,653,528		2,380,752		-		2,653,528


Expenses
Professional fees		15,974		16,880		11,911		15,974
Fund management fee, net (Note C)		32,503		11,999		14,706		32,503
General and administrative expenses		9,318		10,988		9,942		9,318

		57,795		39,867		36,559		57,795


NET INCOME (LOSS)	$	2,602,186	$	2,349,692	$	(20,322)	$	2,602,186


Net income (loss) allocated to assignees	$	2,576,164	$	2,326,195	$	(20,119)	$	2,576,164


Net income (loss) allocated to general partner	$	26,022	$	23,497	$	(203)	$	26,022


Net income (loss) per BAC	$	.78	$	.71	$	(.01)	$	.78

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 36

		2017		2016		2018		2017

Income
Interest income	$	3,300	$	1,877	$	9,687	$	3,300
Other income		3,968		6,425		5,119		3,968

		7,268		8,302		14,806		7,268



Share of income from Operating Partnerships (Note D)		-		2,503,252		243,163		-


Expenses
Professional fees		16,790		15,981		55,250		16,790
Fund management fee, net (Note C)		13,342		(10,582)		11,706		13,342
General and administrative expenses		8,235		8,764		8,619		8,235

		38,367		14,163		75,575		38,367


NET INCOME (LOSS)	$	(31,099)	$	2,497,391	$	182,394	$	(31,099)


Net income (loss) allocated to assignees	$	(30,788)	$	2,472,417	$	180,570	$	(30,788)


Net income (loss) allocated to general partner	$	(311)	$	24,974	$	1,824	$	(311)


Net income (loss) per BAC	$	(.01)	$	1.18	$	.09	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 37

		2017		2016		2018		2017

Income
Interest income	$	3,225	$	854	$	1,527	$	3,225
Other income		16,657		4,811		21,485		16,657

		19,882		5,665		23,012		19,882



Share of income from Operating Partnerships (Note D)		-		1,934,639		1,020,649		-


Expenses
Professional fees		15,970		13,128		11,221		15,970
Fund management fee, net (Note C)		16,984		63,237		5,562		16,984
General and administrative expenses		8,249		9,038		12,620		8,249

		41,203		85,403		29,403		41,203


NET INCOME (LOSS)	$	(21,321)	$	1,854,901	$	1,014,258	$	(21,321)


Net income (loss) allocated to assignees	$	(21,108)	$	1,836,352	$	1,004,115	$	(21,108)


Net income (loss) allocated to general partner	$	(213)	$	18,549	$	10,143	$	(213)


Net income (loss) per BAC	$	(.01)	$	.73	$	.40	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 38

		2017		2016		2018		2017

Income
Interest income	$	3,346	$	313	$	4,556	$	3,346
Other income		10,546		47,791		50,000		10,546

		13,892		48,104		54,556		13,892



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


Expenses
Professional fees		17,801		16,695		12,216		17,801
Fund management fee, net (Note C)		35,968		59,718		31,815		35,968
General and administrative expenses		8,561		9,343		9,025		8,561

		62,330		85,756		53,056		62,330


NET INCOME (LOSS)	$	(48,438)	$	(37,652)	$	8,500	$	(48,438)


Net income (loss) allocated to assignees	$	(47,954)	$	(37,275)	$	8,415	$	(47,954)


Net income (loss) allocated to general partner	$	(484)	$	(377)	$	85	$	(484)


Net income (loss) per BAC	$	(.02)	$	(.01)	$	.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
Six Months Ended September 30,
(Unaudited)

Series 39

		2017		2016		2018		2017

Income
Interest income	$	694	$	275	$	-	$	694
Other income		386		660		-		386

		1,080		935		-		1,080



Share of income from Operating Partnerships (Note D)		-		122,100		-		-


Expenses
Professional fees		17,980		15,991		-		17,980
Fund management fee, net (Note C)		3,418		33,297		-		3,418
General and administrative expenses		8,185		8,585		-		8,185

		29,583		57,873		-		29,583


NET INCOME (LOSS)	$	(28,503)	$	65,162	$	-	$	(28,503)


Net income (loss) allocated to assignees	$	(28,218)	$	64,510	$	-	$	(28,218)


Net income (loss) allocated to general partner	$	(285)	$	652	$	-	$	(285)


Net income (loss) per BAC	$	(.01)	$	.03	$	-	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 40

		2017		2016		2018		2017

Income
Interest income	$	93	$	236	$	1,418	$	93
Other income		2,910		-		1,250		2,910

		3,003		236		2,668		3,003



Share of income from Operating Partnerships (Note D)		588,952		49,000		44,500		588,952


Expenses
Professional fees		21,453		20,637		16,741		21,453
Fund management fee, net (Note C)		58,475		64,051		45,638		58,475
General and administrative expenses		8,529		9,209		9,248		8,529

		88,457		93,897		71,627		88,457


NET INCOME (LOSS)	$	503,498	$	(44,661)	$	(24,459)	$	503,498


Net income (loss) allocated to assignees	$	498,463	$	(44,214)	$	(24,214)	$	498,463


Net income (loss) allocated to general partner	$	5,035	$	(447)	$	(245)	$	5,035


Net income (loss) per BAC	$	.19	$	(.02)	$	(.01)	$	.19

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 41

		2017		2016		2018		2017

Income
Interest income	$	409	$	356	$	2,077	$	409
Other income		11,143		1,302		41,340		11,143

		11,552		1,658		43,417		11,552



Share of income from Operating Partnerships (Note D)		719,829		-		14,000		719,829


Expenses
Professional fees		22,404		23,600		24,071		22,404
Fund management fee, net (Note C)		103,637		104,547		57,860		103,637
General and administrative expenses		9,206		10,143		14,061		9,206

		135,247		138,290		95,992		135,247


NET INCOME (LOSS)	$	596,134	$	(136,632)	$	(38,575)	$	596,134


Net income (loss) allocated to assignees	$	590,173	$	(135,266)	$	(38,189)	$	590,173


Net income (loss) allocated to general partner	$	5,961	$	(1,366)	$	(386)	$	5,961


Net income (loss) per BAC	$	.20	$	(.05)	$	(.01)	$	.20

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 42

2017

2016
Income

Interest income
$
672
$
2,890
Other income

15,789

421

16,461

3,311

Share of income from
Operating Partnerships (Note D)

-

-
Expenses

Professional fees

19,678

25,232
Fund management fee, net (Note C)

78,792

78,419
General and administrative expenses

8,888

10,008

107,358

113,659

NET INCOME (LOSS)
$
(90,897)
$
(110,348)

Net income (loss) allocated to
assignees

$

(89,988)

$

(109,245)

Net income (loss) allocated to general
partner

$

(909)

$

(1,103)

Net income (loss) per BAC
$
(.03)
$
(.04)

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED STATEMENTS OF OPERATIONS~~
~~Six Months Ended September 30,~~
~~(Unaudited)~~

~~Series 43~~

		2017		2016		2018		2017

Income
Interest income	$	194	$	3,168	$	6,986	$	672
Other income		40,981		1,759		6,591		15,789

		41,175		4,927		13,577		16,461



Share of income from Operating Partnerships (Note D)		-		-		42,500		-


Expenses
Professional fees		22,721		26,474		21,826		19,678
Fund management fee, net (Note C)		95,956		81,996		33,396		78,792
General and administrative expenses		9,560		11,496		9,319		8,888

		128,237		119,966		64,541		107,358


NET INCOME (LOSS)	$	(87,062)	$	(115,039)	$	(8,464)	$	(90,897)


Net income (loss) allocated to assignees	$	(86,191)	$	(113,889)	$	(8,379)	$	(89,988)


Net income (loss) allocated to general partner	$	(871)	$	(1,150)	$	(85)	$	(909)


Net income (loss) per BAC	$	(.02)	$	(.03)	$	(.00)	$	(.03)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 4443

		2017		2016		2018		2017

Income
Interest income	$	13	$	24	$	3,296	$	194
Other income		11,864		14,630		49,644		40,981

		11,877		14,654		52,940		41,175



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


Expenses
Professional fees		24,226		14,963		23,336		22,721
Fund management fee, net (Note C)		114,651		120,239		72,674		95,956
General and administrative expenses		8,637		9,537		11,236		9,560

		147,514		144,739		107,246		128,237


NET INCOME (LOSS)	$	(135,637)	$	(130,085)	$	(45,306)	$	(87,062)


Net income (loss) allocated to assignees	$	(134,281)	$	(128,784)	$	(44,853)	$	(86,191)


Net income (loss) allocated to general partner	$	(1,356)	$	(1,301)	$	(453)	$	(871)


Net income (loss) per BAC	$	(.05)	$	(.05)	$	(.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
Six Months Ended September 30,
(Unaudited)

Series 4544

		2017		2016		2018		2017

Income
Interest income	$	899	$	667	$	244	$	13
Other income		27,833		31,874		13,800		11,864

		28,732		32,541		14,044		11,877



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


Expenses
Professional fees		42,889		28,932		14,286		24,226
Fund management fee, net (Note C)		124,852		108,920		90,656		114,651
General and administrative expenses		11,015		12,565		9,339		8,637

		178,756		150,417		114,281		147,514


NET INCOME (LOSS)	$	(150,024)	$	(117,876)	$	(100,237)	$	(135,637)


Net income (loss) allocated to assignees	$	(148,524)	$	(116,697)	$	(99,235)	$	(134,281)


Net income (loss) allocated to general partner	$	(1,500)	$	(1,179)	$	(1,002)	$	(1,356)


Net income (loss) per BAC	$	(.04)	$	(.03)	$	(.04)	$	(.05)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 45

		2018		2017

Income
Interest income	$	3,593	$	899
Other income		26,321		27,833

		29,914		28,732



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


Expenses
Professional fees		31,291		42,889
Fund management fee, net (Note C)		104,532		124,852
General and administrative expenses		11,361		11,015

		147,184		178,756


NET INCOME (LOSS)	$	225,230	$	(150,024)




Net income (loss) allocated to assignees	$	222,978	$	(148,524)




Net income (loss) allocated to general partner	$	2,252	$	(1,500)




Net income (loss) per BAC	$	.06	$	(.04)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 46

		2017		2016		2018		2017

Income
Interest income	$	549	$	251	$	1,623	$	549
Other income		17,380		29,999		33,204		17,380

		17,929		30,250		34,827		17,929



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


Expenses
Professional fees		20,299		20,292		18,636		20,299
Fund management fee, net (Note C)		93,970		113,096		93,791		93,970
General and administrative expenses		9,154		10,505		9,859		9,154

		123,423		143,893		122,286		123,423


NET INCOME (LOSS)	$	(105,494)	$	(113,643)	$	(87,459)	$	(105,494)


Net income (loss) allocated to assignees	$	(104,439)	$	(112,507)	$	(86,584)	$	(104,439)


Net income (loss) allocated to general partner	$	(1,055)	$	(1,136)	$	(875)	$	(1,055)


Net income (loss) per BAC	$	(.04)	$	(.04)	$	(.03)	$	(.04)

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

Assignees

General
Partner

Total

Partners' capital
(deficit)
April 1, 2017

$

(6,338,126)

$

(7,177,685)

$

(13,515,811)

Net income (loss)

8,515,170

86,011

8,601,181

Partners' capital
(deficit),
September 30, 2017

$

2,177,044

$

(7,091,674)

$

(4,914,630)


		Assignees		General Partner		Total


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

Distributions		(307,853)		(3,110)		(310,963)

Net income (loss)		1,476,735		14,916		1,491,651


Partners' capital (deficit), September 30, 2018	$	4,099,917	$	(5,997,116)	$	(1,897,199)

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 20
Partners' capital (deficit) April 1, 2017	$	(875,631)	$	(320,211)	$	(1,195,842)
Partners' capital (deficit) April 1, 2018							$	(882,456)	$	(320,280)	$	(1,202,736)

Distributions								-		-		-

Net income (loss)		(32,235)		(326)		(32,561)		127,420		1,287		128,707


Partners' capital (deficit), September 30, 2017	$	(907,866)	$	(320,537)	$	(1,228,403)
Partners' capital (deficit), September 30, 2018							$	(755,036)	$	(318,993)	$	(1,074,029)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 21
Partners' capital (deficit) April 1, 2017	$	(907,383)	$	(172,752)	$	(1,080,135)
Partners' capital (deficit) April 1, 2018							$	(898,231)	$	898,231	$	-

Distributions								-		-		-

Net income (loss)		(21,365)		(216)		(21,581)		-		-		-


Partners' capital (deficit), September 30, 2017	$	(928,748)	$	(172,968)	$	(1,101,716)
Partners' capital (deficit), September 30, 2018							$	(898,231)	$	898,231	$	-

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 22
Partners' capital (deficit) April 1, 2017	$	(2,351,781)	$	(245,052)	$	(2,596,833)
Partners' capital (deficit) April 1, 2018							$	(2,410,599)	$	(245,646)	$	(2,656,245)

Distributions								-		-		-

Net income (loss)		(34,713)		(351)		(35,064)		(31,771)		(321)		(32,092)


Partners' capital (deficit), September 30, 2017	$	(2,386,494)	$	(245,403)	$	(2,631,897)
Partners' capital (deficit), September 30, 2018							$	(2,442,370)	$	(245,967)	$	(2,688,337)

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 23
Partners' capital (deficit) April 1, 2017	$	(1,131,355)	$	(299,152)	$	(1,430,507)
Partners' capital (deficit) April 1, 2018							$	(197,532)	$	(289,719)	$	(487,251)

Distributions								-		-		-

Net income (loss)		921,480		9,308		930,788		(25,186)		(254)		(25,440)


Partners' capital (deficit), September 30, 2017	$	(209,875)	$	(289,844)	$	(499,719)
Partners' capital (deficit), September 30, 2018							$	(222,718)	$	(289,973)	$	(512,691)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 24
Partners' capital (deficit) April 1, 2017	$	602,161	$	(174,980)	$	427,181
Partners' capital (deficit) April 1, 2018							$	623,279	$	(174,767)	$	448,512

Distributions								-		-		-

Net income (loss)		(44,333)		(448)		(44,781)		(41,257)		(417)		(41,674)


Partners' capital (deficit), September 30, 2017	$	557,828	$	(175,428)	$	382,400
Partners' capital (deficit), September 30, 2018							$	582,022	$	(175,184)	$	406,838

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 25
Partners' capital (deficit) April 1, 2017	$	565,870	$	(220,159)	$	345,711
Partners' capital (deficit) April 1, 2018							$	219,815	$	(219,815)	$	-

Distributions								-		-		-

Net income (loss)		75,035		758		75,793		-		-		-


Partners' capital (deficit), September 30, 2017	$	640,905	$	(219,401)	$	421,504
Partners' capital (deficit), September 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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 26
Partners' capital (deficit) April 1, 2017	$	989,245	$	(311,566)	$	677,679
Partners' capital (deficit) April 1, 2018							$	954,178	$	(311,920)	$	642,258

Distributions								-		-		-

Net income (loss)		8,560		86		8,646		(47,075)		(476)		(47,551)


Partners' capital (deficit), September 30, 2017	$	997,805	$	(311,480)	$	686,325
Partners' capital (deficit), September 30, 2018							$	907,103	$	(312,396)	$	594,707

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 27
Partners' capital (deficit) April 1, 2017	$	3,745,499	$	(170,699)	$	3,574,800
Partners' capital (deficit) April 1, 2018							$	6,938,381	$	(138,448)	$	6,799,933

Distributions								(307,853)		(3,110)		(310,963)

Net income (loss)		3,173,593		32,056		3,205,649		(9,302)		(94)		(9,396)


Partners' capital (deficit), September 30, 2017	$	6,919,092	$	(138,643)	$	6,780,449
Partners' capital (deficit), September 30, 2018							$	6,621,226	$	(141,652)	$	6,479,574

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 28
Partners' capital (deficit) April 1, 2017	$	1,086,195	$	(273,712)	$	812,483
Partners' capital (deficit) April 1, 2018							$	1,016,975	$	(274,411)	$	742,564

Distributions								-		-		-

Net income (loss)		(40,351)		(408)		(40,759)		(26,257)		(265)		(26,522)


Partners' capital (deficit), September 30, 2017	$	1,045,844	$	(274,120)	$	771,724
Partners' capital (deficit), September 30, 2018							$	990,718	$	(274,676)	$	716,042

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 29
Partners' capital (deficit) April 1, 2017	$	(2,771,714)	$	(370,065)	$	(3,141,779)
Partners' capital (deficit) April 1, 2018							$	(2,570,004)	$	(368,028)	$	(2,938,032)

Distributions								-		-		-

Net income (loss)		(63,698)		(643)		(64,341)		75,816		766		76,582


Partners' capital (deficit), September 30, 2017	$	(2,835,412)	$	(370,708)	$	(3,206,120)
Partners' capital (deficit), September 30, 2018							$	(2,494,188)	$	(367,262)	$	(2,861,450)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 30
Partners' capital (deficit) April 1, 2017	$	(1,235,163)	$	(241,826)	$	(1,476,989)
Partners' capital (deficit) April 1, 2018							$	(996,782)	$	(239,418)	$	(1,236,200)

Distributions								-		-		-

Net income (loss)		260,336		2,630		262,966		6,756		68		6,824


Partners' capital (deficit), September 30, 2017	$	(974,827)	$	(239,196)	$	(1,214,023)
Partners' capital (deficit), September 30, 2018							$	(990,026)	$	(239,350)	$	(1,229,376)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 31
Partners' capital (deficit) April 1, 2017	$	2,365,549	$	(359,195)	$	2,006,354
Partners' capital (deficit) April 1, 2018							$	2,290,341	$	(359,955)	$	1,930,386

Distributions								-		-		-

Net income (loss)		(29,057)		(293)		(29,350)		15,942		161		16,103


Partners' capital (deficit), September 30, 2017	$	2,336,492	$	(359,488)	$	1,977,004
Partners' capital (deficit), September 30, 2018							$	2,306,283	$	(359,794)	$	1,946,489

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 32
Partners' capital (deficit) April 1, 2017	$	(1,512,826)	$	(425,749)	$	(1,938,575)
Partners' capital (deficit) April 1, 2018							$	47,520	$	(409,988)	$	(362,468)

Distributions								-		-		-

Net income (loss)		1,459,299		14,740		1,474,039		416,662		4,209		420,871


Partners' capital (deficit), September 30, 2017	$	(53,527)	$	(411,009)	$	(464,536)
Partners' capital (deficit), September 30, 2018							$	464,182	$	(405,779)	$	58,403

		Assignees		General Partner		Total

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

Distributions		-		-		-

Net income (loss)		(40,283)		(407)		(40,690)


Partners' capital (deficit), September 30, 2018	$	(607,416)	$	(234,196)	$	(841,612)

		Assignees		General Partner		Total

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

Distributions		-		-		-

Net income (loss)		(39,235)		(396)		(39,631)


Partners' capital (deficit), September 30, 2018	$	(2,159,921)	$	(325,241)	$	(2,485,162)

Assignees

General
Partner

Total
Series 33

Partners' capital
(deficit)
April 1, 2017

$

(687,215)

$

(235,002)

$

(922,217)

Net income (loss)

(47,087)

(476)

(47,563)

Partners' capital
(deficit),
September 30, 2017

$

(734,302)

$

(235,478)

$

(969,780)

Assignees

General
Partner

Total
Series 34

Partners' capital
(deficit)
April 1, 2017

$

(2,048,404)

$

(324,115)

$

(2,372,519)

Net income (loss)

(43,603)

(440)

(44,043)

Partners' capital
(deficit),
September 30, 2017

$

(2,092,007)

$

(324,555)

$

(2,416,562)

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 35
Partners' capital (deficit) April 1, 2017	$	2,104,402	$	(263,617)	$	1,840,785
Partners' capital (deficit) April 1, 2018							$	4,666,048	$	(237,742)	$	4,428,306

Distributions								-		-		-

Net income (loss)		2,576,164		26,022		2,602,186		(20,119)		(203)		(20,322)


Partners' capital (deficit), September 30, 2017	$	4,680,566	$	(237,595)	$	4,442,971
Partners' capital (deficit), September 30, 2018							$	4,645,929	$	(237,945)	$	4,407,984

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 36
Partners' capital (deficit) April 1, 2017	$	2,194,117	$	(158,305)	$	2,035,812
Partners' capital (deficit) April 1, 2018							$	2,133,963	$	(158,913)	$	1,975,050

Distributions								-		-		-

Net income (loss)		(30,788)		(311)		(31,099)		180,570		1,824		182,394


Partners' capital (deficit), September 30, 2017	$	2,163,329	$	(158,616)	$	2,004,713
Partners' capital (deficit), September 30, 2018							$	2,314,533	$	(157,089)	$	2,157,444

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 37
Partners' capital (deficit) April 1, 2017	$	130,312	$	(216,426)	$	(86,114)
Partners' capital (deficit) April 1, 2018							$	220,255	$	(215,517)	$	4,738

Distributions								-		-		-

Net income (loss)		(21,108)		(213)		(21,321)		1,004,115		10,143		1,014,258


Partners' capital (deficit), September 30, 2017	$	109,204	$	(216,639)	$	(107,435)
Partners' capital (deficit), September 30, 2018							$	1,224,370	$	(205,374)	$	1,018,996

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 38
Partners' capital (deficit) April 1, 2017	$	1,723,417	$	(203,081)	$	1,520,336
Partners' capital (deficit) April 1, 2018							$	1,677,456	$	(203,545)	$	1,473,911

Distributions								-		-		-

Net income (loss)		(47,954)		(484)		(48,438)		8,415		85		8,500


Partners' capital (deficit), September 30, 2017	$	1,675,463	$	(203,565)	$	1,471,898
Partners' capital (deficit), September 30, 2018							$	1,685,871	$	(203,460)	$	1,482,411

Assignees

General
Partner

Total
Series 39

Partners' capital
(deficit)
April 1, 2017

$

283,677

$

(195,562)

$

88,115

Net income (loss)
(28,218)
(285)
(28,503)

Partners' capital
(deficit),
September 30, 2017

$

255,459

$

(195,847)

$

59,612

Assignees

General
Partner

Total
Series 40

Partners' capital
(deficit)
April 1, 2017

$

(2,186,540)

$

(249,302)

$

(2,435,842)

Net income (loss)

498,463

5,035

503,498

Partners' capital
(deficit),
September 30, 2017

$

(1,688,077)

$

(244,267)

$

(1,932,344)

		Assignees		General Partner		Total

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

Distributions		-		-		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 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)

Distributions		-		-		-

Net income (loss)		(24,214)		(245)		(24,459)


Partners' capital (deficit), September 30, 2018	$	(1,761,282)	$	(245,007)	$	(2,006,289)

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 41
Partners' capital (deficit) April 1, 2017	$	(2,687,899)	$	(278,836)	$	(2,966,735)
Partners' capital (deficit) April 1, 2018							$	(1,881,761)	$	(270,693)	$	(2,152,454)

Distributions								-		-		-

Net income (loss)		590,173		5,961		596,134		(38,189)		(386)		(38,575)


Partners' capital (deficit), September 30, 2017	$	(2,097,726)	$	(272,875)	$	(2,370,601)
Partners' capital (deficit), September 30, 2018							$	(1,919,950)	$	(271,079)	$	(2,191,029)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 42
Partners' capital (deficit) April 1, 2017	$	1,303,097	$	(230,209)	$	1,072,888
Partners' capital (deficit) April 1, 2018							$	1,565,620	$	(227,557)	$	1,338,063

Distributions								-		-		-

Net income (loss)		(89,988)		(909)		(90,897)		(8,379)		(85)		(8,464)


Partners' capital (deficit), September 30, 2017	$	1,213,109	$	(231,118)	$	981,991
Partners' capital (deficit), September 30, 2018							$	1,557,241	$	(227,642)	$	1,329,599

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 43
Partners' capital (deficit) April 1, 2017	$	(111,017)	$	(325,890)	$	(436,907)
Partners' capital (deficit) April 1, 2018							$	235,085	$	(322,394)	$	(87,309)

Distributions								-		-		-

Net income (loss)		(86,191)		(871)		(87,062)		(44,853)		(453)		(45,306)


Partners' capital (deficit), September 30, 2017	$	(197,208)	$	(326,761)	$	(523,969)
Partners' capital (deficit), September 30, 2018							$	190,232	$	(322,847)	$	(132,615)

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)

Six Months Ended September 30, ~~2017~~2018
(Unaudited)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 44
Partners' capital (deficit) April 1, 2017	$	(2,255,686)	$	(262,631)	$	(2,518,317)
Partners' capital (deficit) April 1, 2018							$	(2,481,212)	$	(264,909)	$	(2,746,121)

Distributions								-		-		-

Net income (loss)		(134,281)		(1,356)		(135,637)		(99,235)		(1,002)		(100,237)


Partners' capital (deficit), September 30, 2017	$	(2,389,967)	$	(263,987)	$	(2,653,954)
Partners' capital (deficit), September 30, 2018							$	(2,580,447)	$	(265,911)	$	(2,846,358)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 45
Partners' capital (deficit) April 1, 2017	$	(1,712,062)	$	(374,528)	$	(2,086,590)
Partners' capital (deficit) April 1, 2018							$	(1,985,417)	$	(377,289)	$	(2,362,706)

Distributions								-		-		-

Net income (loss)		(148,524)		(1,500)		(150,024)		222,978		2,252		225,230


Partners' capital (deficit), September 30, 2017	$	(1,860,586)	$	(376,028)	$	(2,236,614)
Partners' capital (deficit), September 30, 2018							$	(1,762,439)	$	(375,037)	$	(2,137,476)

		Assignees		General Partner		Total		Assignees		General Partner		Total

Series 46
Partners' capital (deficit) April 1, 2017	$	(956,991)	$	(275,063)	$	(1,232,054)
Partners' capital (deficit) April 1, 2018							$	(1,125,043)	$	(276,760)	$	(1,401,803)

Distributions								-		-		-

Net income (loss)		(104,439)		(1,055)		(105,494)		(86,584)		(875)		(87,459)


Partners' capital (deficit), September 30, 2017	$	(1,061,430)	$	(276,118)	$	(1,337,548)
Partners' capital (deficit), September 30, 2018							$	(1,211,627)	$	(277,635)	$	(1,489,262)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	8,601,181	$	8,495,355	$	1,491,651	$	8,601,181
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(10,250,429)		(10,413,293)		(2,619,630)		(10,250,429)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		(16,847)		(13,985)		6,000		(16,847)
Decrease (Increase) in other assets		(11,300)		-		-		(11,300)
(Decrease) Increase in accounts payable affiliates		(4,585,437)		(7,802,053)		(3,839,107)		(4,585,437)

Net cash (used in) provided by operating activities		(6,262,832)		(9,733,976)		(4,961,086)		(6,262,832)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		10,210,466		10,413,293		2,580,529		10,210,466

Net cash (used in) provided by investing activities		10,210,466		10,413,293		2,580,529		10,210,466

		-				-		-
Cash flows from financing activities:
Distributions						(310,963)		-


Net cash used in financing activities						(310,963)		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		3,947,634		679,317		(2,691,520)		3,947,634

Cash and cash equivalents, beginning		27,209,997		21,728,069		27,208,717		27,209,997

Cash and cash equivalents, ending	$	31,157,631	$	22,407,386	$	24,517,197	$	31,157,631

The accompanying notes are an integral part of this condensed statement

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Six Months Ended September 30,~~
~~(Unaudited)~~

~~Series 20~~

2017

2016
Cash flows from operating activities:

Net income (loss)
$
(32,561)
$
101,136
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Share of (income) from
   Operating Partnerships

-

(138,000)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

-

3,000
Decrease (Increase) in other
   assets

-

-
(Decrease) Increase in accounts
   payable affiliates

11,071

13,773
Net cash (used in) provided by
operating activities

(21,490)

(20,091)
Cash flows from investing activities:

Proceeds from the disposition of     Operating Partnerships

-

138,000
Net cash (used in) provided by
investing activities

-

138,000
-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(21,490)

117,909
Cash and cash equivalents, beginning

271,060

180,896
Cash and cash equivalents, ending
$
249,570
$
298,805

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~STATEMENTS OF CASH FLOWS~~

~~Six Months Ended September 30,~~
~~(Unaudited)~~

~~Series 21~~

2017

2016
Cash flows from operating activities:
Net income (loss)
$
(21,581)
$
(23,956)
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

5,438

(144,564)
Net cash (used in) provided by
operating activities

(16,143)

(168,520)
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

(16,143)

(168,520)
Cash and cash equivalents, beginning

241,102

425,168
Cash and cash equivalents, ending
$
224,959
$
256,648

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Six Months Ended September 30,~~
~~(Unaudited)~~

~~Series 22~~

2017

2016
Cash flows from operating activities:

Net income (loss)
$
(35,064)
$
(39,152)
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

14,606

14,604
Net cash (used in) provided by
operating activities

(20,458)

(24,548)
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

(20,458)

(24,548)
Cash and cash equivalents, beginning

252,064

295,650
Cash and cash equivalents, ending
$
231,606
$
271,102

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Six Months Ended September 30,~~
~~(Unaudited)~~

~~Series 23~~

2017

2016
Cash flows from operating activities:

Net income (loss)
$
930,788
$
(40,191)
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Share of (income) from
   Operating Partnerships

(959,665)

(3,550)
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

(477,438)

18,822
Net cash (used in) provided by
operating activities

(501,315)

(24,919)
Cash flows from investing activities:

Proceeds from the disposition of     Operating Partnerships

959,665

3,550
Net cash (used in) provided by
investing activities

959,665

3,550
-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

458,350

(21,369)
Cash and cash equivalents, beginning

659,167

219,677
Cash and cash equivalents, ending
$
1,117,517
$
198,308

~~The accompanying notes are an integral part of this condensed statement~~

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 20

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	128,707	$	(32,561)
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		(188,017)		11,071


Net cash (used in) provided by operating activities		(214,647)		(21,490)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		155,337		-


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

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(59,310)		(21,490)


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


Cash and cash equivalents, ending	$	182,677	$	249,570

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 21

		2018		2017


Cash flows from operating activities:
Net income (loss)	$	-	$	(21,581)
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		-		5,438


Net cash (used in) provided by operating activities		-		(16,143)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


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

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(16,143)


Cash and cash equivalents, beginning		-		241,102


Cash and cash equivalents, ending	$	-	$	224,959

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 22

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(32,092)	$	(35,064)
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		(12,148)		14,606


Net cash (used in) provided by operating activities		(44,240)		(20,458)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


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

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(44,240)		(20,458)


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


Cash and cash equivalents, ending	$	177,624	$	231,606

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 23

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(25,440)	$	930,788
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		(238,888)		(477,438)


Net cash (used in) provided by operating activities		(264,328)		(501,315)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		959,665


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

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(264,328)		458,350


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


Cash and cash equivalents, ending	$	181,808	$	1,117,517

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 24

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(44,781)	$	(40,425)	$	(41,674)	$	(44,781)
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		(44,781)		(40,425)		(46,674)		(44,781)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		-		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(44,781)		(40,425)		(46,674)		(44,781)

Cash and cash equivalents, beginning		427,181		502,552		453,512		427,181

Cash and cash equivalents, ending	$	382,400	$	462,127	$	406,838	$	382,400

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 25

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	75,793	$	(19,917)	$	-	$	75,793
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(97,399)		-		-		(97,399)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		6,912		688		-		6,912
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(14,694)		(19,229)		-		(14,694)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		97,399		-		-		97,399

Net cash (used in) provided by investing activities		97,399		-		-		97,399

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		82,705		(19,229)		-		82,705

Cash and cash equivalents, beginning		344,461		395,797		-		344,461

Cash and cash equivalents, ending	$	427,166	$	376,568	$	-	$	427,166

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 26

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	8,646	$	(60,593)	$	(47,551)	$	8,646
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(80,000)		(18,500)		(10,500)		(80,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		6,000		4,000		-		6,000
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(65,354)		(75,093)		(58,051)		(65,354)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		80,000		18,500		10,500		80,000

Net cash (used in) provided by investing activities		80,000		18,500		10,500		80,000

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		14,646		(56,593)		(47,551)		14,646

Cash and cash equivalents, beginning		677,679		809,362		642,258		677,679

Cash and cash equivalents, ending	$	692,325	$	752,769	$	594,707	$	692,325

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 27

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	3,205,649	$	2,895,991	$	(9,396)	$	3,205,649
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(3,291,567)		(3,016,000)		-		(3,291,567)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		(31,673)		4,000		-		(31,673)
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(117,591)		(116,009)		(9,396)		(117,591)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		3,291,567		3,016,000		-		3,291,567

Net cash (used in) provided by investing activities		3,291,567		3,016,000		-		3,291,567

		-				-		-
Cash flows from financing activities:
Distributions						(310,963)		-


Net cash used in financing activities						(310,963)		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		3,173,976		2,899,991		(320,359)		3,173,976

Cash and cash equivalents, beginning		3,606,473		899,636		6,799,933		3,606,473

Cash and cash equivalents, ending	$	6,780,449	$	3,799,627	$	6,479,574	$	6,780,449

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 28

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(40,759)	$	(38,449)	$	(26,522)	$	(40,759)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(5,000)		(8,500)		-
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		-		-		-		-

Net cash (used in) provided by operating activities		(40,759)		(50,949)		(35,022)		(40,759)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		5,000		8,500		-

Net cash (used in) provided by investing activities		-		5,000		8,500		-

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(40,759)		(45,949)		(26,522)		(40,759)

Cash and cash equivalents, beginning		812,483		884,427		742,564		812,483

Cash and cash equivalents, ending	$	771,724	$	838,478	$	716,042	$	771,724

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 29

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(64,341)	$	(110,603)	$	76,582	$	(64,341)
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		-		-		-		-
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		41,093		(112,407)		(497,247)		41,093

Net cash (used in) provided by operating activities		(23,248)		(223,010)		(543,759)		(23,248)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		122,994		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(23,248)		(223,010)		(420,765)		(23,248)

Cash and cash equivalents, beginning		345,648		618,758		622,414		345,648

Cash and cash equivalents, ending	$	322,400	$	395,748	$	201,649	$	322,400

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 30

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	262,966	$	(53,342)	$	6,824	$	262,966
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(265,984)		-		(41,555)		(265,984)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		5,500		-		3,000		5,500
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		29,263		34,842		(166,736)		29,263

Net cash (used in) provided by operating activities		31,745		(18,500)		(198,467)		31,745

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		226,021		-		25,006		226,021

Net cash (used in) provided by investing activities		226,021		-		25,006		226,021

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		257,766		(18,500)		(173,461)		257,766

Cash and cash equivalents, beginning		270,126		304,293		453,433		270,126

Cash and cash equivalents, ending	$	527,892	$	285,793	$	279,972	$	527,892

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 31

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(29,350)	$	(103,073)	$	16,103	$	(29,350)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(45,000)		-		(69,452)		(45,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,000		(3,000)		2,500		3,000
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(71,350)		(106,073)		(50,849)		(71,350)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		45,000		-		47,000		45,000

Net cash provided by investing activities		45,000		-		47,000		45,000

Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(26,350)		(106,073)		(3,849)		(26,350)

Cash and cash equivalents, beginning		2,047,648		1,351,761		1,971,680		2,047,648

Cash and cash equivalents, ending	$	2,021,298	$	1,245,688	$	1,967,831	$	2,021,298

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 32

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	1,474,039	$	(99,937)	$	420,871	$	1,474,039
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(1,548,505)		-		(487,880)		(1,548,505)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,000		(7,000)		-		3,000
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(531,317)		(670,630)		(745,999)		(531,317)

Net cash (used in) provided by operating activities		(602,783)		(777,567)		(813,008)		(602,783)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		1,548,505		-		487,880		1,548,505

Net cash provided by investing activities		1,548,505		-		487,880		1,548,505

Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		945,722		(777,567)		(325,128)		945,722

Cash and cash equivalents, beginning		837,185		1,061,685		563,697		837,185

Cash and cash equivalents, ending	$	1,782,907	$	284,118	$	238,569	$	1,782,907

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 33

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(47,563)	$	(45,732)	$	(40,690)	$	(47,563)
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		32,795		(867,204)		(180,304)		32,795

Net cash (used in) provided by operating activities		(14,768)		(912,936)		(220,994)		(14,768)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		-		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(14,768)		(912,936)		(220,994)		(14,768)

Cash and cash equivalents, beginning		337,765		1,266,455		452,033		337,765

Cash and cash equivalents, ending	$	322,997	$	353,519	$	231,039	$	322,997

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 34

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(44,043)	$	212,388	$	(39,631)	$	(44,043)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(242,500)		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(217,768)		(249,331)		(125,268)		(217,768)

Net cash (used in) provided by operating activities		(261,811)		(279,443)		(164,899)		(261,811)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		242,500		-		-

Net cash (used in) provided by investing activities		-		242,500		-		-

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(261,811)		(36,943)		(164,899)		(261,811)

Cash and cash equivalents, beginning		849,078		674,173		394,837		849,078

Cash and cash equivalents, ending	$	587,267	$	637,230	$	229,938	$	587,267

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 35

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	2,602,186	$	2,349,692	$	(20,322)	$	2,602,186
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(2,653,528)		(2,380,752)		-		(2,653,528)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		3,000		-		-		3,000
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(551,982)		(1,408,645)		-		(551,982)

Net cash (used in) provided by operating activities		(600,324)		(1,439,705)		(20,322)		(600,324)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		2,653,528		2,380,752		-		2,653,528

Net cash (used in) provided by investing activities		2,653,528		2,380,752		-		2,653,528

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		2,053,204		941,047		(20,322)		2,053,204

Cash and cash equivalents, beginning		2,392,767		1,693,223		4,428,306		2,392,767

Cash and cash equivalents, ending	$	4,445,971	$	2,634,270	$	4,407,984	$	4,445,971

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 36

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(31,099)	$	2,497,391	$	182,394	$	(31,099)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(2,503,252)		(243,163)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		(2,500)		-		-
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(767,505)		(540,283)		-		(767,505)

Net cash (used in) provided by operating activities		(798,604)		(548,644)		(60,769)		(798,604)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		2,503,252		243,163		-

Net cash (used in) provided by investing activities		-		2,503,252		243,163		-

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(798,604)		1,954,608		182,394		(798,604)

Cash and cash equivalents, beginning		2,934,317		979,340		2,106,050		2,934,317

Cash and cash equivalents, ending	$	2,135,713	$	2,933,948	$	2,288,444	$	2,135,713

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 37

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(21,321)	$	1,854,901	$	1,014,258	$	(21,321)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(1,934,639)		(1,020,649)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(934,637)		73,755		(513,149)		(934,637)

Net cash (used in) provided by operating activities		(955,958)		(5,983)		(519,540)		(955,958)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		1,934,639		1,020,649		-

Net cash (used in) provided by investing activities		-		1,934,639		1,020,649		-

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(955,958)		1,928,656		501,109		(955,958)

Cash and cash equivalents, beginning		2,096,039		340,689		517,887		2,096,039

Cash and cash equivalents, ending	$	1,140,081	$	2,269,345	$	1,018,996	$	1,140,081

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 38

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(48,438)	$	(37,652)	$	8,500	$	(48,438)
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		(6,543)		(4,779)		-		(6,543)
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(795,425)		41,451		(18,234)		(795,425)

Net cash (used in) provided by operating activities		(850,406)		(980)		(16,734)		(850,406)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		7,000		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(850,406)		(980)		(9,734)		(850,406)

Cash and cash equivalents, beginning		3,042,864		333,474		1,492,145		3,042,864

Cash and cash equivalents, ending	$	2,192,458	$	332,494	$	1,482,411	$	2,192,458

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 39

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(28,503)	$	65,162	$	-	$	(28,503)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		-		(122,100)		-		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		(6,543)		4,106		-		(6,543)
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		(916,748)		(65,277)		-		(916,748)

Net cash (used in) provided by operating activities		(951,794)		(118,109)		-		(951,794)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		122,100		-		-

Net cash (used in) provided by investing activities		-		122,100		-		-

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(951,794)		3,991		-		(951,794)

Cash and cash equivalents, beginning		1,248,898		313,691		-		1,248,898

Cash and cash equivalents, ending	$	297,104	$	317,682	$	-	$	297,104

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 40

		2018		2017


Cash flows from operating activities:

Net income (loss)	$	(24,459)	$	503,498
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(44,500)		(588,952)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		5,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(171,812)		9,475


Net cash (used in) provided by operating activities		(235,271)		(75,979)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		44,500		588,952

				-
Net cash (used in) provided by investing activities		44,500		588,952

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(190,771)		512,973


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


Cash and cash equivalents, ending	$	240,570	$	761,291

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 4041

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	503,498	$	(44,661)	$	(38,575)	$	596,134
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(588,952)		(49,000)		(14,000)		(719,829)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		(5,000)		-		(4,500)
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		9,475		(214,396)		(448,150)		35,086

Net cash (used in) provided by operating activities		(75,979)		(313,057)		(500,725)		(93,109)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		588,952		49,000		14,000		719,829

		-		-
Net cash (used in) provided by investing activities		588,952		49,000		14,000		719,829

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		512,973		(264,057)		(486,725)		626,720

Cash and cash equivalents, beginning		248,318		510,705		741,152		322,902

Cash and cash equivalents, ending	$	761,291	$	246,648	$	254,427	$	949,622

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 4142

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	596,134	$	(136,632)	$	(8,464)	$	(90,897)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of (income) from Operating Partnerships		(719,829)		-		(42,500)		-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		(4,500)		-		-		-
Decrease (Increase) in other assets		-		-		-		(11,300)
(Decrease) Increase in accounts payable affiliates		35,086		12,296		-		-

Net cash (used in) provided by operating activities		(93,109)		(124,336)		(50,964)		(102,197)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		719,829		-		42,500		-

Net cash (used in) provided by investing activities		719,829		-		42,500		-

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		626,720		(124,336)		(8,464)		(102,197)

Cash and cash equivalents, beginning		322,902		331,029		1,327,017		1,072,528

Cash and cash equivalents, ending	$	949,622	$	206,693	$	1,318,553	$	970,331

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

~~Series 42~~

2017

2016
Cash flows from operating activities:

Net income (loss)
$
(90,897)
$
(110,348)
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

-

(2,055,300)
Net cash (used in) provided by
operating activities

(102,197)

(2,165,648)
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

(102,197)

(2,165,648)
Cash and cash equivalents, beginning

1,072,528

3,412,757
Cash and cash equivalents, ending
$
970,331
$
1,247,109

~~The accompanying notes are an integral part of this condensed statement~~

~~Boston Capital Tax Credit Fund IV L.P.~~

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Six Months Ended September 30,~~
~~(Unaudited)~~

Series 43

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(87,062)	$	(115,039)	$	(45,306)	$	(87,062)
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		-		-		-		-
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		115,386		(2,087,484)		(475,580)		115,386

Net cash (used in) provided by operating activities		28,324		(2,202,523)		(529,886)		28,324

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		9,000		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		28,324		(2,202,523)		(520,886)		28,324

Cash and cash equivalents, beginning		351,638		2,886,991		854,364		351,638

Cash and cash equivalents, ending	$	379,962	$	684,468	$	333,478	$	379,962

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 44

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(135,637)	$	(130,085)	$	(100,237)	$	(135,637)
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		122,513		129,620		122,738		122,513

Net cash (used in) provided by operating activities		(13,124)		(465)		22,501		(13,124)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		-		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(13,124)		(465)		22,501		(13,124)

Cash and cash equivalents, beginning		66,324		44,503		84,006		66,324

Cash and cash equivalents, ending	$	53,200	$	44,038	$	106,507	$	53,200

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 45

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(150,024)	$	(117,876)	$	225,230	$	(150,024)
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		-		-		-		-
Decrease (Increase) in other assets		-		-		-		-
(Decrease) Increase in accounts payable affiliates		86,059		149,541		(104,911)		86,059

Net cash (used in) provided by operating activities		(63,965)		31,665		(222,181)		(63,965)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		342,500		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(63,965)		31,665		120,319		(63,965)

Cash and cash equivalents, beginning		803,153		748,100		753,702		803,153

Cash and cash equivalents, ending	$	739,188	$	779,765	$	874,021	$	739,188

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 46

		2017		2016		2018		2017

Cash flows from operating activities:

Net income (loss)	$	(105,494)	$	(113,643)	$	(87,459)	$	(105,494)
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		104,598		124,764		(75,402)		104,598

Net cash (used in) provided by operating activities		(896)		11,121		(162,861)		(896)

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-		-		-

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

		-				-		-
Cash flows from financing activities:
Distributions						-		-


Net cash used in financing activities						-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(896)		11,121		(162,861)		(896)

Cash and cash equivalents, beginning		651,129		243,277		466,399		651,129

Cash and cash equivalents, ending	$	650,233	$	254,398	$	303,538	$	650,233

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
September 30, ~~2017~~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
September 30, ~~2017~~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 September 30, ~~2017~~2018 and for the three and six 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, ~~2017.~~

2018.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, ~~2017~~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 September 30, ~~2017~~2018 and ~~2016,~~2017, are as follows:

	2017	2016	2018	2017
Series 20	$ 5,536	$ 5,535	$ 2,549	$ 5,536
Series 21	2,719	2,718	-	2,719
Series 22	7,303	7,302	6,426	7,303
Series 23	5,556	9,270	5,556	5,556
Series 24	12,588	12,588	10,761	12,588
Series 25	5,440	5,934	-	5,440
Series 26	22,545	23,269	13,938	22,545
Series 27	9,555	26,496	7,635	9,555
Series 28	8,844	8,844	7,296	8,844
Series 29	20,547	20,547	7,261	20,547
Series 30	12,609	17,421	7,462	12,609
Series 31	21,699	37,521	16,535	21,699
Series 32	26,370	43,080	19,794	26,370
Series 33	16,397	16,398	13,318	16,397
Series 34	12,366	18,352	12,366	12,366
Series 35	17,481	22,065	10,653	17,481
Series 36	7,626	7,626	5,990	7,626
Series 37	12,501	34,425	3,396	12,501
Series 38	18,234	36,936	16,581	18,234
Series 39	1,709	16,280	-	1,709
Series 40	28,709	34,610	26,594	28,709
Series 41	52,147	56,148	34,076	52,147
Series 42	42,870	42,870	27,505	42,870
Series 43	57,693	57,693	45,091	57,693
Series 44	57,825	59,769	57,826	57,825
Series 45	70,359	70,800	67,565	70,359
Series 46	52,299	62,382	52,299	52,299
	$609,527	$ 756,879	$478,473	$609,527

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, ~~2017~~2018
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the six months ended September 30, ~~2017~~2018 and ~~2016~~2017 are as follows:

	2017	2016	2018	2017
Series 21	$ -	$ 150,000
Series 20			$ 193,337	$ -
Series 22			25,000	-
Series 23	488,550	-	250,000	488,550
Series 24	25,176		21,522	25,176
Series 25	11,374	11,868	-	11,374
Series 26	45,090	47,986	29,547	45,090
Series 27	24,523	64,854	15,270	24,523
Series 28	17,688	26,991	16,140	17,688
Series 29	-	153,500	519,601	-
Series 30			185,027	-
Series 31	43,398	75,042	35,627	43,398
Series 32	584,057	756,790	787,880	584,057
Series 33	-	900,000	206,940	-
Series 34	242,500	291,000	150,000	242,500
Series 35	586,944	1,460,603	21,306	586,944
Series 36	782,757	571,611	13,616	782,757
Series 37	959,639	-	526,729	959,639
Series 38	831,893	32,421	53,049	831,893
Series 39	699,711	102,774	-	699,711
Series 40	49,000	287,722	225,000	49,000
Series 41	70,500	100,000	520,930	70,500
Series 42	85,740	2,141,040	56,839	85,740
Series 43	-	2,202,870	566,306	-
Series 45			242,500	-
Series 46			180,000	-
	$5,548,540	$9,402,248	$4,842,166	$5,548,540

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At September 30, ~~2017~~2018 and ~~2016,~~2017, the Fund has limited partnership interests in ~~191~~150 and ~~236~~191 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at September 30, ~~2017~~2018 and ~~2016~~2017 are as follows:

2017
2016
Series 20
3
3
Series 21
2
2
Series 22
3
3
Series 23
3
5
Series 24
6
6
Series 25
-
4
Series 26
9
13
Series 27
4
5
Series 28
5
5
Series 29
8
8
Series 30
6
8
Series 31
8
17
Series 32
6
10
Series 33
5
5
Series 34
4
5
Series 35
2
5
Series 36
3
3
Series 37
2
4
Series 38
4
8
Series 39
1
3
Series 40
9
12
Series 41
16
18
Series 42
15
15
Series 43
19
19
Series 44
7
7
Series 45
27
28
Series 46
14
15

191
236

~~Boston Capital Tax Credit Fund IV L.P.~~
~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - (continued)~~

	2018	2017
Series 20	1	3
Series 21	-	2
Series 22	3	3
Series 23	3	3
Series 24	5	6
Series 25	-	-
Series 26	8	9
Series 27	3	4
Series 28	4	5
Series 29	5	8
Series 30	2	6
Series 31	6	8
Series 32	5	6
Series 33	3	5
Series 34	4	4
Series 35	2	2
Series 36	2	3
Series 37	-	2
Series 38	3	4
Series 39	-	1
Series 40	8	9
Series 41	11	16
Series 42	10	15
Series 43	16	19
Series 44	7	7
Series 45	25	27
Series 46	14	14
	150	191

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 September 30, ~~2017~~2018 and ~~2016,~~2017, are as follows:

	2017	2016	2018	2017
Series 29	$ 8,235		$ 785	$ 8,235
Series 30	65,176	105,139	48,627	65,176
Series 31	66,294		43,842	66,294
Series 32	1,229		1,229
Series 33	69,154		-	69,154
Series 37	138,438		-	138,438
Series 40	102		102
Series 41	100		-	100
Series 42	73,433		254	73,433
Series 43	99,265		26,082	99,265
Series 45	16,724		16,724
	$538,150	$578,113	$137,645	$538,150

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, ~~2017~~2018
(Unaudited)

NOTE D - ~~INVESTMENTS~~INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the six months ended September 30, 2018 the Fund disposed of nineteen Operating Partnerships. A summary of the dispositions by Series for September 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	3	-		25,006		41,555
Series 31	2	-		47,000		69,452
Series 32	-	1		487,880		487,880
Series 36	-	1		243,163		243,163
Series 37	-	1		1,020,649		1,020,649
Series 38	1	-		7,000		7,000
Series 40	1	-		44,500		44,500
Series 41	-	1		14,000		14,000
Series 42	1	-		42,500		42,500
Series 43	1	-		9,000		9,000
Series 45	1	-		342,500		342,500
Total	15	4	$	2,580,529	$	2,619,630

* Fund proceeds from disposition does not include $100, $16,549 and $22,452, which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively.

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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the six months ended September 30, 2017 the Fund disposed of eighteen Operating Partnerships. A summary of the dispositions by Series for September 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 25	4	-		97,399		97,399
Series 26	4	-		80,000		80,000
Series 27	-	1		3,291,567		3,291,567
Series 30	1	1		226,021		265,984
Series 31	2	-		45,000		45,000
Series 32	-	1		1,548,505		1,548,505
Series 35	1	-		2,653,528		2,653,528
Series 40	1	-		588,952		588,952
Series 41	1	-		719,829		719,829
Total	14	4	$	10,210,466	$	10,250,429

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

~~Boston Capital Tax Credit Fund IV L.P.~~
~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~June 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~During the six months ended September 30, 2016 the Fund disposed of twenty two Operating Partnerships. A summary of the dispositions by Series for September 30, 2016 is as follows:~~

Operating Partnership Interest Transferred

Sale of Underlying Operating Partnership

Fund Proceeds from Disposition

Gain on Disposition
Series 20
-
1
$
138,000
$
138,000
Series 23
1

-

3,550

3,550
Series 26
1

-

18,500

18,500
Series 27
1

1

3,016,000

3,016,000
Series 28
1

-

5,000

5,000
Series 34
2

-

242,500

242,500
Series 35
-

1

2,380,752

2,380,752
Series 36
3

1

2,503,252

2,503,252
Series 37
2

-

1,934,639

1,934,639
Series 39
4

-

122,100

122,100
Series 40
2

-

49,000

49,000
Series 44
-

1

-

-
Total
17

5

$
10,413,293

$
10,413,293

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, ~~2017~~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 six months ended June 30, ~~2017.~~2018.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

		2017	2016		2018	2017

Revenues	Revenues			Revenues
	Rental	$ 26,987,297	$ 36,065,499	Rental	$ 22,343,323	$ 26,987,297
	Interest and other	852,756	1,352,575	Interest and other	663,683	852,756
		27,840,053	37,418,074		23,007,006	27,840,053

Expenses	Expenses			Expenses
	Interest	4,613,504	6,268,686	Interest	3,644,356	4,613,504
	Depreciation and amortization	7,332,051	9,906,888	Depreciation and amortization	5,775,862	7,332,051
	Operating expenses	19,961,263	26,167,804	Operating expenses	16,122,850	19,961,263
		31,906,818	42,343,378		25,543,068	31,906,818

NET LOSS	NET LOSS	$ (4,066,765)	$ (4,925,304)	NET LOSS	$ (2,536,062)	$ (4,066,765)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (4,026,097)	$ (4,876,047)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (2,510,699)	$ (4,026,097)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (40,668)	$ (49,257)	Net loss allocated to other Partners	$ (25,363)	$ (40,668)

* Amounts include $(2,510,699) and $(4,026,097) for 2018 and ~~$(4,876,047) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 20

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 266,942	$ 334,521	Rental	$ 139,480	$ 266,942
	Interest and other	16,914	17,848	Interest and other	9,921	16,914
		283,856	352,369		149,401	283,856

Expenses	Expenses			Expenses
	Interest	25,735	36,427	Interest	11,732	25,735
	Depreciation and amortization	72,185	86,616	Depreciation and amortization	28,416	72,185
	Operating expenses	235,116	256,689	Operating expenses	124,517	235,116
		333,036	379,732		164,665	333,036

NET LOSS	NET LOSS	$ (49,180)	$ (27,363)	NET LOSS	$ (15,264)	$ (49,180)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (48,688)	$ (27,089)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (15,111)	$ (48,688)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (492)	$ (274)	Net loss allocated to other Partners	$ (153)	$ (492)

* Amounts include $(15,111) and $(48,688) for 2018 and ~~$(27,089) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 21

2017
2016
Revenues

Rental
$   246,778
$   254,448

Interest and other
     1,720
     1,593

   248,498
   256,041

Expenses

Interest
19,832
26,001

Depreciation and amortization
41,440
41,517

Operating expenses
   196,601
   189,063

   257,873
   256,581

NET LOSS
$   (9,375)
$     (540)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$   (9,281)

$     (535)

Net loss allocated to other
Partners

$      (94)

$       (5)

		2018	2017
Revenues
	Rental	$ -	$ 246,778
	Interest and other	-	1,720
		-	248,498

Expenses
	Interest	-	19,832
	Depreciation and amortization	-	41,440
	Operating expenses	-	196,601
		-	257,873

NET LOSS		$ -	$ (9,375)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ (9,281)

Net loss allocated to other Partners		$ -	$ (94)

* Amounts include $- and $(9,281) for 2018 and ~~$(535) for~~ 2017, ~~and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 22~~

2017
2016
Revenues

Rental
$   255,056
$   253,512

Interest and other
     9,109
     9,919

   264,165
   263,431

Expenses

Interest
22,684
26,537

Depreciation and amortization
69,003
55,366

Operating expenses
   207,737
   215,687

   299,424
   297,590

NET LOSS
$  (35,259)
$  (34,159)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (34,906)

$  (33,817)

Net loss allocated to other
Partners

$     (353)

$     (342)

* Amounts include $(34,906) and $(33,817) for 2017 and 2016, 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 23
22

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 211,249	$ 984,595	Rental	$ 255,007	$ 255,056
	Interest and other	10,596	32,230	Interest and other	6,424	9,109
		221,845	1,016,825		261,431	264,165

Expenses	Expenses			Expenses
	Interest	12,041	89,603	Interest	21,753	22,684
	Depreciation and amortization	44,899	307,885	Depreciation and amortization	54,539	69,003
	Operating expenses	175,607	804,619	Operating expenses	215,777	207,737
		232,547	1,202,107		292,069	299,424

NET LOSS	NET LOSS	$ (10,702)	$ (185,282)	NET LOSS	$ (30,638)	$ (35,259)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (10,595)	$ (183,428)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (30,332)	$ (34,906)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (107)	$ (1,854)	Net loss allocated to other Partners	$ (306)	$ (353)

* Amounts include ~~$(10,595)~~$(30,332) and ~~$(183,428)~~$(34,906) for ~~2017~~2018 and ~~2016, 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~~
~~September 30,~~ 2017,
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 24~~

2017
2016
Revenues

Rental
$   512,589
$   515,358

Interest and other
    10,241
     9,973

   522,830
   525,331

Expenses

Interest
45,126
46,052

Depreciation and amortization
140,696
136,278

Operating expenses
   413,532
   410,197

   599,354
   592,527

NET LOSS
$  (76,524)
$  (67,196)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (75,759)

$  (66,524)

Net loss allocated to other
Partners

$     (765)

$     (672)

* Amounts include $(75,759) and $(66,524) for 2017 and 2016, 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 25
23

		~~2017~~	~~2016~~
~~Revenues~~
	~~Rental~~	~~$ -~~	~~$ 427,000~~
	~~Interest and other~~	-	~~12,744~~
		-	~~439,744~~

~~Expenses~~
	~~Interest~~	-	~~55,151~~
	~~Depreciation and amortization~~	-	~~78,604~~
	~~Operating expenses~~	-	~~328,546~~
		-	~~462,301~~

~~NET LOSS~~		$ -	$ ~~(22,557)~~

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ ~~(22,331)~~

~~Net loss allocated to other~~ ~~Partners~~		$ -	$ ~~(226)~~

		2018	2017
Revenues
	Rental	$ 204,371	$ 211,249
	Interest and other	8,421	10,596
		212,792	221,845

Expenses
	Interest	14,889	12,041
	Depreciation and amortization	45,095	44,899
	Operating expenses	169,287	175,607
		229,271	232,547

NET LOSS		$ (16,479)	$ (10,702)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (16,314)	$ (10,595)

Net loss allocated to other Partners		$ (165)	$ (107)

* Amounts include $-$(16,314) and ~~$(22,331)~~$(10,595) for 2018 and 2017, 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 ~~2016,~~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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 24

		2018	2017
Revenues
	Rental	$ 428,402	$ 512,589
	Interest and other	13,733	10,241
		442,135	522,830

Expenses
	Interest	34,789	45,126
	Depreciation and amortization	121,938	140,696
	Operating expenses	342,441	413,532
		499,168	599,354

NET LOSS		$ (57,033)	$ (76,524)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (56,463)	$ (75,759)

Net loss allocated to other Partners		$ (570)	$ (765)

* Amounts include $(56,463) and $(75,759) 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 26
25

2017
2016
Revenues

Rental
$   900,779
$ 1,133,662

Interest and other
    18,548
    24,802

   919,327
1,158,464

Expenses

Interest
142,592
181,864

Depreciation and amortization
232,520
288,199

Operating expenses
   780,980
1,002,380

1,156,092
1,472,443

NET LOSS
$ (236,765)
$ (313,979)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$ (234,397)

$ (310,839)

Net loss allocated to other
Partners

$   (2,368)

$   (3,140)

		2018	2017
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET LOSS		$ -	$ -

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ -

Net loss allocated to other Partners		$ -	$ -

* Amounts include ~~$(234,397)~~$- and ~~$(310,839)~~$- for ~~2017~~2018 and ~~2016, 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~~
~~September 30,~~ 2017,
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 27~~

2017
2016
Revenues

Rental
$   402,299
$ 1,380,003

Interest and other
     5,622
     6,276

   407,921
1,386,279

Expenses

Interest
23,507
239,810

Depreciation and amortization
120,642
309,373

Operating expenses
   329,597
   944,846

   473,746
1,494,029

NET LOSS
$  (65,825)
$ (107,750)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (65,167)

$ (106,672)

Net loss allocated to other
Partners

$     (658)

$   (1,078)

* Amounts include $(65,167) and $(106,672) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 28~~

2017
2016
Revenues

Rental
$    501,140
$    500,121

Interest and other
     12,635
      9,336

    513,775
    509,457

Expenses

Interest
81,516
71,995

Depreciation and amortization
112,889
115,386

Operating expenses
    391,916
    433,166

    586,321
    620,547

NET LOSS
$   (72,546)
$  (111,090)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$   (71,821)

$  (109,979)

Net loss allocated to other
Partners

$      (725)

$    (1,111)

* Amounts include $(71,821) and $(109,979) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 29~~

2017
2016
Revenues

Rental
$    874,203
$    962,895

Interest and other
     84,101
     63,597

    958,304
  1,026,492

Expenses

Interest
196,702
199,552

Depreciation and amortization
247,758
244,583

Operating expenses
    777,606
    770,811

  1,222,066
  1,214,946

NET LOSS
$  (263,762)
$  (188,454)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (261,124)

$  (186,569)

Net loss allocated to other
Partners

$    (2,638)

$    (1,885)

* Amounts include $(261,124) and $(186,569) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 30~~

2017
2016
Revenues

Rental
$   515,042
$   751,561

Interest and other
    12,640
    45,948

   527,682
   797,509

Expenses

Interest
46,813
91,581

Depreciation and amortization
145,249
202,659

Operating expenses
   404,406
   610,909

   596,468
   905,149

NET LOSS
$  (68,786)
$ (107,640)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (68,098)

$ (106,564)

Net loss allocated to other
Partners

$     (688)

$   (1,076)

* Amounts include $(68,098) and $(106,564) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 31~~

2017
2016
Revenues

Rental
$    779,319
$  1,940,685

Interest and other
      22,666
    174,470

    801,985
  2,115,155

Expenses

Interest
74,857
196,780

Depreciation and amortization
264,177
567,427

Operating expenses
    695,785
  1,541,743

  1,034,819
  2,305,950

NET LOSS
$  (232,834)
$  (190,795)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (230,506)

$  (188,887)

Net loss allocated to other
Partners

$    (2,328)

$    (1,908)

* Amounts include $(230,506) and $(188,887) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 32~~

2017
2016
Revenues

Rental
$  1,022,002
$  1,722,521

Interest and other
     26,860
    159,181

  1,048,862
  1,881,702

Expenses

Interest
164,515
268,103
Depreciation and amortization
311,842
537,645

Operating expenses
    816,689
  1,427,978

  1,293,046
  2,233,726

NET LOSS
$  (244,184)
$  (352,024)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (241,742)

$  (348,504)

Net loss allocated to other
Partners

$    (2,442)

$    (3,520)

* Amounts include $(241,742) and $(348,504) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 33~~

2017
2016
Revenues

Rental
$   704,712
$   687,842

Interest and other
    25,494
    21,964

   730,206
   709,806

Expenses

Interest
119,565
112,698

Depreciation and amortization
179,293
192,599

Operating expenses
   538,916
   518,800

   837,774
   824,097

NET LOSS
$ (107,568)
$ (114,291)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$ (106,492)

$ (113,148)

Net loss allocated to other
Partners

$   (1,076)

$   (1,143)

* Amounts include $(106,492) and $(113,148) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 34~~

2017
2016
Revenues

Rental
$   485,873
$   792,078

Interest and other
    17,506
    25,072

   503,379
   817,150

Expenses

Interest
52,131
121,301

Depreciation and amortization
137,814
214,454

Operating expenses
   377,235
   618,888

   567,180
   954,643

NET LOSS
$  (63,801)
$ (137,493)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (63,163)

$ (136,118)

Net loss allocated to other
Partners

$     (638)

$   (1,375)

* Amounts include $(63,163) and $(136,118) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 35~~

2017
2016
Revenues

Rental
$   571,313
$ 1,175,230

Interest and other
    16,103
    38,304

   587,416
1,213,534

Expenses

Interest
94,832
224,588

Depreciation and amortization
173,454
412,269

Operating expenses
   334,048
   732,303

   602,334
1,369,160

NET LOSS
$  (14,918)
$ (155,626)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (14,769)

$ (154,070)

Net loss allocated to other
Partners

$     (149)

$   (1,556)

* Amounts include $(14,769) and $(154,070) for 2017 and 2016, 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~~
~~September 30, 2017~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Six Months Ended June 30,~~
~~(Unaudited)~~

~~Series 36~~

2017
2016
Revenues

Rental
$   322,092
$   317,822

Interest and other
     9,178
     8,517

   331,270
   326,339

Expenses

Interest
64,417
57,271

Depreciation and amortization
84,557
97,781

Operating expenses
   248,232
   243,903

   397,206
   398,955

NET LOSS
$  (65,936)
$  (72,616)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

$  (65,277)

$  (71,890)

Net loss allocated to other
Partners

$     (659)

$     (726)

* Amounts include $(65,277) and $(71,890) for 2017 and 2016, 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 3726

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 407,915	$ 1,452,093	Rental	$ 637,353	$ 900,779
	Interest and other	40,351	58,318	Interest and other	7,655	18,548
		448,266	1,510,411		645,008	919,327

Expenses	Expenses			Expenses
	Interest	64,154	306,076	Interest	111,673	142,592
	Depreciation and amortization	139,403	459,576	Depreciation and amortization	155,406	232,520
	Operating expenses	316,589	1,053,614	Operating expenses	536,826	780,980
		520,146	1,819,266		803,905	1,156,092

NET LOSS	NET LOSS	$ (71,880)	$ (308,855)	NET LOSS	$ (158,897)	$ (236,765)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (71,161)	$ (305,766)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (157,308)	$ (234,397)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (719)	$ (3,089)	Net loss allocated to other Partners	$ (1,589)	$ (2,368)

* Amounts include ~~$(71,161)~~$(157,308) and ~~$(305,766)~~$(234,397) for ~~2017~~2018 and ~~2016,~~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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 38
27

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 887,427	$ 1,756,776	Rental	$ 330,303	$ 402,299
	Interest and other	10,837	45,784	Interest and other	6,495	5,622
		898,264	1,802,560		336,798	407,921

Expenses	Expenses			Expenses
	Interest	123,561	304,848	Interest	16,620	23,507
	Depreciation and amortization	186,314	420,171	Depreciation and amortization	88,925	120,642
	Operating expenses	640,508	1,187,985	Operating expenses	275,358	329,597
		950,383	1,913,004		380,903	473,746

NET LOSS	NET LOSS	$ (52,119)	$ (110,444)	NET LOSS	$ (44,105)	$ (65,825)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (51,598)	$ (109,340)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (43,664)	$ (65,167)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (521)	$ (1,104)	Net loss allocated to other Partners	$ (441)	$ (658)

* Amounts include ~~$(51,598)~~$(43,664) and ~~$(109,340)~~$(65,167) for ~~2017~~2018 and ~~2016,~~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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 39
28

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 84,216	$ 746,462	Rental	$ 411,179	$ 501,140
	Interest and other	-	28,669	Interest and other	22,570	12,635
		84,216	775,131		433,749	513,775

Expenses	Expenses			Expenses
	Interest	3,119	148,585	Interest	66,567	81,516
	Depreciation and amortization	14,546	172,026	Depreciation and amortization	91,762	112,889
	Operating expenses	73,250	534,006	Operating expenses	340,875	391,916
		90,915	854,617		499,204	586,321

NET LOSS	NET LOSS	$ (6,699)	$ (79,486)	NET LOSS	$ (65,455)	$ (72,546)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (6,632)	$ (78,691)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (64,800)	$ (71,821)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (67)	$ (795)	Net loss allocated to other Partners	$ (655)	$ (725)

* Amounts include ~~$(6,632)~~$(64,800) and ~~$(78,691)~~$(71,821) for ~~2017~~2018 and ~~2016,~~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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 29

		2018	2017
Revenues
	Rental	$ 543,919	$ 874,203
	Interest and other	21,495	84,101
		565,414	958,304

Expenses
	Interest	106,247	196,702
	Depreciation and amortization	114,458	247,758
	Operating expenses	459,302	777,606
		680,007	1,222,066

NET LOSS		$ (114,593)	$ (263,762)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (113,447)	$ (261,124)

Net loss allocated to other Partners		$ (1,146)	$ (2,638)

* Amounts include $(113,447) and $(261,124) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 30

		2018	2017
Revenues
	Rental	$ 322,299	$ 515,042
	Interest and other	7,537	12,640
		329,836	527,682

Expenses
	Interest	34,088	46,813
	Depreciation and amortization	76,907	145,249
	Operating expenses	261,993	404,406
		372,988	596,468

NET LOSS		$ (43,152)	$ (68,786)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (42,720)	$ (68,098)

Net loss allocated to other Partners		$ (432)	$ (688)

* Amounts include $(42,720) and $(68,098) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 31

		2018	2017
Revenues
	Rental	$ 563,108	$ 779,319
	Interest and other	21,066	22,666
		584,174	801,985

Expenses
	Interest	41,564	74,857
	Depreciation and amortization	209,468	264,177
	Operating expenses	563,223	695,785
		814,255	1,034,819

NET LOSS		$ (230,081)	$ (232,834)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (227,780)	$ (230,506)

Net loss allocated to other Partners		$ (2,301)	$ (2,328)

* Amounts include $(227,780) and $(230,506) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 32

		2018	2017
Revenues
	Rental	$ 770,495	$ 1,022,002
	Interest and other	11,472	26,860
		781,967	1,048,862

Expenses
	Interest	128,444	164,515
	Depreciation and amortization	219,165	311,842
	Operating expenses	641,294	816,689
		988,903	1,293,046

NET LOSS		$ (206,936)	$ (244,184)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (204,867)	$ (241,742)

Net loss allocated to other Partners		$ (2,069)	$ (2,442)

* Amounts include $(204,867) and $(241,742) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 33

		2018	2017
Revenues
	Rental	$ 632,934	$ 704,712
	Interest and other	23,019	25,494
		655,953	730,206

Expenses
	Interest	101,675	119,565
	Depreciation and amortization	139,535	179,293
	Operating expenses	465,670	538,916
		706,880	837,774

NET LOSS		$ (50,927)	$ (107,568)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (50,418)	$ (106,492)

Net loss allocated to other Partners		$ (509)	$ (1,076)

* Amounts include $(50,418) and $(106,492) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 34

		2018	2017
Revenues
	Rental	$ 495,011	$ 485,873
	Interest and other	25,201	17,506
		520,212	503,379

Expenses
	Interest	57,916	52,131
	Depreciation and amortization	137,095	137,814
	Operating expenses	370,981	377,235
		565,992	567,180

NET LOSS		$ (45,780)	$ (63,801)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (45,322)	$ (63,163)

Net loss allocated to other Partners		$ (458)	$ (638)

* Amounts include $(45,322) and $(63,163) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 35

		2018	2017
Revenues
	Rental	$ 504,934	$ 571,313
	Interest and other	28,304	16,103
		533,238	587,416

Expenses
	Interest	83,244	94,832
	Depreciation and amortization	161,156	173,454
	Operating expenses	303,777	334,048
		548,177	602,334

NET LOSS		$ (14,939)	$ (14,918)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (14,790)	$ (14,769)

Net loss allocated to other Partners		$ (149)	$ (149)

* Amounts include $(14,790) and $(14,769) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 36

		2018	2017
Revenues
	Rental	$ 284,874	$ 322,092
	Interest and other	5,290	9,178
		290,164	331,270

Expenses
	Interest	52,992	64,417
	Depreciation and amortization	70,217	84,557
	Operating expenses	208,729	248,232
		331,938	397,206

NET LOSS		$ (41,774)	$ (65,936)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (41,356)	$ (65,277)

Net loss allocated to other Partners		$ (418)	$ (659)

* Amounts include $(41,356) and $(65,277) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 37

		2018	2017
Revenues
	Rental	$ -	$ 407,915
	Interest and other	-	40,351
		-	448,266

Expenses
	Interest	-	64,154
	Depreciation and amortization	-	139,403
	Operating expenses	-	316,589
		-	520,146

NET LOSS		$ -	$ (71,880)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ (71,161)

Net loss allocated to other Partners		$ -	$ (719)

* Amounts include $- and $(71,161) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 38

		2018	2017
Revenues
	Rental	$ 810,726	$ 887,427
	Interest and other	16,373	10,837
		827,099	898,264

Expenses
	Interest	111,239	123,561
	Depreciation and amortization	155,514	186,314
	Operating expenses	564,808	640,508
		831,561	950,383

NET LOSS		$ (4,462)	$ (52,119)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ (4,417)	$ (51,598)

Net loss allocated to other Partners		$ (45)	$ (521)

* Amounts include $(4,417) and $(51,598) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 39

		2018	2017
Revenues
	Rental	$ -	$ 84,216
	Interest and other	-	-
		-	84,216

Expenses
	Interest	-	3,119
	Depreciation and amortization	-	14,546
	Operating expenses	-	73,250
		-	90,915

NET LOSS		$ -	$ (6,699)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*		$ -	$ (6,632)

Net loss allocated to other Partners		$ -	$ (67)

* Amounts include $- and $(6,632) 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
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 40

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 1,149,937	$ 1,448,000	Rental	$ 1,017,456	$ 1,149,937
	Interest and other	26,095	29,090	Interest and other	26,894	26,095
		1,176,032	1,477,090		1,044,350	1,176,032

Expenses	Expenses			Expenses
	Interest	238,819	290,153	Interest	189,214	238,819
	Depreciation and amortization	335,439	434,196	Depreciation and amortization	276,150	335,439
	Operating expenses	935,512	1,003,602	Operating expenses	794,063	935,512
		1,509,770	1,727,951		1,259,427	1,509,770

NET LOSS	NET LOSS	$ (333,738)	$ (250,861)	NET LOSS	$ (215,077)	$ (333,738)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (330,401)	$ (248,352)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (212,926)	$ (330,401)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (3,337)	$ (2,509)	Net loss allocated to other Partners	$ (2,151)	$ (3,337)

* Amounts include $(212,926) and $(330,401) for 2018 and ~~$(248,352) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 41

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 2,581,490	$ 2,720,284	Rental	$ 1,815,549	$ 2,581,490
	Interest and other	53,502	73,131	Interest and other	29,661	53,502
		2,634,992	2,793,415		1,845,210	2,634,992

Expenses	Expenses			Expenses
	Interest	531,094	547,115	Interest	340,027	531,094
	Depreciation and amortization	613,670	678,310	Depreciation and amortization	384,753	613,670
	Operating expenses	1,808,103	1,828,142	Operating expenses	1,223,663	1,808,103
		2,952,867	3,053,567		1,948,443	2,952,867

NET LOSS	NET LOSS	$ (317,875)	$ (260,152)	NET LOSS	$ (103,233)	$ (317,875)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (314,696)	$ (257,550)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (102,201)	$ (314,696)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (3,179)	$ (2,602)	Net loss allocated to other Partners	$ (1,032)	$ (3,179)

* Amounts include $(102,201) and $(314,696) for 2018 and ~~$(257,550) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 42

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 1,823,744	$ 1,799,442	Rental	$ 1,196,029	$ 1,823,744
	Interest and other	76,131	129,594	Interest and other	47,542	76,131
		1,899,875	1,929,036		1,243,571	1,899,875

Expenses	Expenses			Expenses
	Interest	395,600	380,976	Interest	242,115	395,600
	Depreciation and amortization	560,944	558,935	Depreciation and amortization	362,541	560,944
	Operating expenses	1,360,604	1,364,820	Operating expenses	876,593	1,360,604
		2,317,148	2,304,731		1,481,249	2,317,148

NET LOSS	NET LOSS	$ (417,273)	$ (375,695)	NET LOSS	$ (237,678)	$ (417,273)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (413,100)	$ (371,938)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (235,301)	$ (413,100)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (4,173)	$ (3,757)	Net loss allocated to other Partners	$ (2,377)	$ (4,173)

* Amounts include $(235,301) and $(413,100) for 2018 and ~~$(371,938) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 43

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 2,619,352	$ 2,590,713	Rental	$ 2,093,498	$ 2,619,352
	Interest and other	131,204	109,734	Interest and other	90,363	131,204
		2,750,556	2,700,447		2,183,861	2,750,556

Expenses	Expenses			Expenses
	Interest	411,981	382,972	Interest	256,666	411,981
	Depreciation and amortization	863,189	875,902	Depreciation and amortization	695,187	863,189
	Operating expenses	2,020,128	1,963,968	Operating expenses	1,576,475	2,020,128
		3,295,298	3,222,842		2,528,328	3,295,298

NET LOSS	NET LOSS	$ (544,742)	$ (522,395)	NET LOSS	$ (344,467)	$ (544,742)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (539,295)	$ (517,171)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (341,022)	$ (539,295)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (5,447)	$ (5,224)	Net loss allocated to other Partners	$ (3,445)	$ (5,447)

* Amounts include $(341,022) and $(539,295) for 2018 and ~~$(517,171) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 44

		2017	2016
Revenues	Revenues			Revenues
	Rental	$ 2,931,740	$ 2,977,712	Rental	$ 2,981,014	$ 2,931,740
	Interest and other	90,941	77,859	Interest and other	81,854	90,941
		3,022,681	3,055,571		3,062,868	3,022,681

Expenses	Expenses			Expenses
	Interest	701,213	722,083	Interest	695,577	701,213
	Depreciation and amortization	683,908	727,408	Depreciation and amortization	676,174	683,908
	Operating expenses	1,757,026	1,702,100	Operating expenses	1,711,083	1,757,026
		3,142,147	3,151,591		3,082,834	3,142,147

NET LOSS	NET LOSS	$ (119,466)	$ (96,020)	NET LOSS	$ (19,966)	$ (119,466)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (118,271)	$ (95,060)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (19,766)	$ (118,271)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (1,195)	$ (960)	Net loss allocated to other Partners	$ (200)	$ (1,195)

* Amounts include $(19,766) and $(118,271) for 2018 and ~~$(95,060) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 45

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 3,620,177	$ 3,583,687	Rental	$ 3,545,117	$ 3,620,177
	Interest and other	73,570	68,543	Interest and other	80,792	73,570
		3,693,747	3,652,230		3,625,909	3,693,747

Expenses	Expenses			Expenses
	Interest	485,156	513,990	Interest	455,418	485,156
	Depreciation and amortization	984,440	1,005,493	Depreciation and amortization	944,459	984,440
	Operating expenses	2,621,021	2,559,633	Operating expenses	2,613,391	2,621,021
		4,090,617	4,079,116		4,013,268	4,090,617

NET LOSS	NET LOSS	$ (396,870)	$ (426,886)	NET LOSS	$ (387,359)	$ (396,870)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (392,901)	$ (422,617)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (383,485)	$ (392,901)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (3,969)	$ (4,269)	Net loss allocated to other Partners	$ (3,874)	$ (3,969)

* Amounts include $(383,485) and $(392,901) for 2018 and ~~$(422,617) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 46

		2017	2016		2018	2017
Revenues	Revenues			Revenues
	Rental	$ 2,309,911	$ 2,856,476	Rental	$ 2,360,265	$ 2,309,911
	Interest and other	50,192	70,079	Interest and other	71,601	50,192
		2,360,103	2,926,555		2,431,866	2,360,103

Expenses	Expenses			Expenses
	Interest	471,942	626,574	Interest	469,907	471,942
	Depreciation and amortization	571,780	686,230	Depreciation and amortization	567,002	571,780
	Operating expenses	1,504,519	1,919,406	Operating expenses	1,482,724	1,504,519
		2,548,241	3,232,210		2,519,633	2,548,241

NET LOSS	NET LOSS	$ (188,138)	$ (305,655)	NET LOSS	$ (87,767)	$ (188,138)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (186,257)	$ (302,598)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*	$ (86,889)	$ (186,257)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (1,881)	$ (3,057)	Net loss allocated to other Partners	$ (878)	$ (1,881)

* Amounts include $(86,889) and $(186,257) for 2018 and ~~$(302,598) for~~ 2017, ~~and 2016,~~ 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
September 30, ~~2017~~
2018

(Unaudited)

NOTE E - TAXABLE LOSS

The Fund's taxable loss ~~for calendar year ended December 31, 2017~~ 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 ~~2013~~2014 remain open.

NOTE G - SUBSEQUENT EVENTS

Events that occur after the balance sheet date but before the financial statements were available to be issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes. Management evaluated the activity of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements.

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, ~~2017.~~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 six months ended September 30, ~~2017~~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 September 30, ~~2017~~2018 were ~~$609,527~~$478,473 and total fund management fees accrued as of September 30, ~~2017~~2018 were ~~$34,839,474.~~$25,428,841. During the six months ended September 30, ~~2017, $5,548,540~~2018, $4,842,166 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 September 30, ~~2017,~~2018, an affiliate of the general partner of the Fund advanced a total of ~~$212,915~~$227,325 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 six months ended September 30, ~~2017, $6,862~~2018, $7,087 was advanced to Series 44 from an affiliate of the general ~~partner, as well as~~partner. As of September 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 September 30, ~~2017.~~
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 2123 of the Operating Partnerships and ~~3 remain.~~1 remains.

Prior to the quarter ended September 30, ~~2017,~~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 12all 14 of the Operating ~~Partnerships and 2 remain.~~
Partnerships.

Prior to the quarter ended September 30, ~~2017,~~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 September 30, ~~2017,~~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 September 30, ~~2017,~~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 1819 of the Operating Partnerships and 65 remain.

Prior to the quarter ended September 30, ~~2017,~~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 September 30, ~~2017,~~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 3637 of the Operating Partnerships and 98 remain.

Prior to the quarter ended September 30, ~~2017,~~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 1213 of the Operating Partnerships and 43 remain.

Prior to the quarter ended September 30, ~~2017,~~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 2122 of the Operating Partnerships and 54 remain.

Prior to the quarter ended September 30, ~~2017,~~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 1417 of the Operating Partnerships and 85 remain.

During the quarter ended September 30, ~~2017,~~2018, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable to 21 Operating ~~Partnerships~~Partnership in the amount of ~~$8,235~~$785 as of September 30, ~~2017.~~2018. The remaining contributions will be released when the Operating ~~Partnerships have~~Partnership has achieved the conditions set forth in ~~their respective~~its partnership ~~agreements.~~
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 1418 of the Operating Partnerships and 62 remain.

During the quarter ended September 30, ~~2017,~~2018, Series 30 did not record any releases of capital contributions. Series 30 has outstanding contributions payable to 21 Operating ~~Partnerships~~Partnership in the amount of ~~$65,176~~$48,627 as of September 30, ~~2017.~~2018. The remaining contributions will be released when Operating ~~Partnerships have~~Partnership has achieved the conditions set forth in ~~their respective~~its partnership ~~agreements.~~
agreement.

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 1921 of the Operating Partnerships and 86 remain.

During the quarter ended September 30, ~~2017,~~2018, Series 31 did not record any releases of capital contributions. Series 31 has outstanding contributions payable to 32 Operating Partnerships in the amount of ~~$66,294~~$43,842 as of September 30, ~~2017.~~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~~$18,842 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 1112 of the Operating Partnerships and 65 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 September 30, ~~2017,~~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 September 30, ~~2017.~~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 57 of the Operating Partnerships and 53 remain.

~~During~~Prior to the quarter ended September 30, ~~2017,~~2018, Series 33 ~~did not record any releases~~had released all payments of its capital ~~contributions. Series 33 has outstanding~~ contributions ~~payable~~ to ~~2 Operating Partnerships in the amount of $69,154 as of September 30, 2017. The remaining contributions will be released when~~ the Operating ~~Partnerships have achieved the conditions set forth in their partnership agreements.~~
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 September 30, ~~2017,~~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 September 30, ~~2017,~~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 89 of the Operating Partnerships and 32 remain.

Prior to the quarter ended September 30, ~~2017,~~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 5all 7 of the Operating ~~Partnerships and 2 remain.~~Partnerships.

~~During~~Prior to the quarter ended September 30, ~~2017,~~2018, Series 37 ~~did not record any releases~~had released all payments of its capital ~~contributions. Series 37 has outstanding~~ contributions ~~payable~~ to ~~1 Operating Partnership in the amount of $138,438 as of September 30, 2017. The remaining contributions will be released when~~ the Operating ~~Partnership has achieved the conditions set forth in its partnership agreement.~~
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 67 of the Operating Partnerships and 43 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 September 30, ~~2017,~~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 8all 9 of the Operating ~~Partnerships and 1 remains.~~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 September 30, ~~2017,~~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 78 of the Operating Partnerships and 98 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 September 30, ~~2017,~~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 September 30, ~~2017.~~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 712 of the Operating Partnerships and 1611 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.

~~During~~Prior to the quarter ended September 30, ~~2017,~~2018, Series 41 ~~did not record any releases~~had released all payments of its capital ~~contributions. Series 41 has outstanding~~ contributions ~~payable~~ to ~~1 Operating Partnership in the amount of $100 as of September 30, 2017. The remaining contributions will be released when~~ the Operating ~~Partnership has achieved the conditions set forth in its partnership agreement.~~
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 813 of the Operating Partnerships and 1510 remain.

During the quarter ended September 30, ~~2017,~~2018, Series 42 did not record any releases of capital contributions. Series 42 has outstanding contributions payable to 21 Operating ~~Partnerships~~Partnership in the amount of ~~$73,433~~$254 as of September 30, ~~2017. Of the amount outstanding, $63,676 has been advanced or loaned to the Operating Partnerships.~~2018. The ~~loans and advances will be converted to capital and the~~ remaining contributions ~~of $9,757~~ will be released when the Operating ~~Partnerships have~~Partnership has achieved the conditions set forth in ~~their respective~~its partnership ~~agreements.~~
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 47 of the Operating Partnerships and 1916 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 September 30, ~~2017,~~2018, Series 43 did not record any releases of capital contributions. Series 43 has outstanding contributions payable to 21 Operating Partnerships in the amount of ~~$99,265~~$26,082 as of September 30, ~~2017. Of the amount outstanding, $63,676 has been advanced or loaned to the Operating Partnerships.~~2018. The ~~loans and advances will be converted to capital and the~~ remaining contributions ~~of $35,589~~ will be released when the Operating ~~Partnerships have~~Partnership has achieved the conditions set forth in ~~their respective~~its partnership ~~agreements.~~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 September 30, ~~2017,~~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 46 of the Operating Partnerships and 2725 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 September 30, ~~2017,~~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 September 30, ~~2017.~~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 September 30, ~~2017,~~2018, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

Results of Operations

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the Fund held limited partnership interests in ~~191~~150 and ~~236~~191 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 and six months ended September 30, ~~2017,~~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	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	$ 5,536	$ 296	$ 5,240	$ 2,549	$ -	$ 2,549
Series 21	2,719	1,588	1,131	-	-	-
Series 22	7,303	-	7,303	6,426	-	6,426
Series 23	5,556	-	5,556	5,556	-	5,556
Series 24	12,588	1,178	11,410	10,761	1,167	9,594
Series 25	5,440	1,692	3,748	-	-	-
Series 26	22,545	2,841	19,704	13,938	-	13,938
Series 27	9,555	2,000	7,555	7,635	2,380	5,255
Series 28	8,844	-	8,844	7,296	-	7,296
Series 29	20,547	3,387	17,160	7,261	-	7,261
Series 30	12,609	-	12,609	7,462	-	7,462
Series 31	21,699	-	21,699	16,535	-	16,535
Series 32	26,370	-	26,370	19,794	-	19,794
Series 33	16,397	-	16,397	13,318	4,420	8,898
Series 34	12,366	4,200	8,166	12,366	4,200	8,166
Series 35	17,481	2,459	15,022	10,653	6,600	4,053
Series 36	7,626	-	7,626	5,990	-	5,990
Series 37	12,501	-	12,501	3,396	-	3,396
Series 38	18,234	500	17,734	16,581	-	16,581
Series 39	1,709	-	1,709	-	-	-
Series 40	28,709	-	28,709	26,594	5,400	21,194
Series 41	52,147	1,500	50,647	34,076	-	34,076
Series 42	42,870	5,913	36,957	27,505	12,256	15,249
Series 43	57,693	6,687	51,006	45,091	500	44,591
Series 44	57,825	-	57,825	57,826	11,634	46,192
Series 45	70,359	11,318	59,041	67,565	20,550	47,015
Series 46	52,299	10,628	41,671	52,299	4,461	47,838
	$609,527	$56,187	$553,340	$478,473	$73,568	$404,905

	6 Months Gross Fund Management Fee	6 Months Asset Management and Reporting Fee	6 Months Fund Management Fee Net of Asset Management and Reporting Fee	6 Months Gross Fund Management Fee	6 Months Asset Management and Reporting Fee	6 Months Fund Management Fee Net of Asset Management and Reporting Fee

Series 20	$ 11,071	$ 2,112	$ 8,959	$ 5,320	$ 500	$ 4,820
Series 21	5,438	2,051	3,387	-	-	-
Series 22	14,606	500	14,106	12,852	500	12,352
Series 23	11,112	1,750	9,362	11,112	3,606	7,506
Series 24	25,176	2,345	22,831	21,522	1,167	20,355
Series 25	11,374	1,692	9,682	-	-	-
Series 26	45,090	3,841	41,249	29,547	1,000	28,547
Series 27	24,523	2,000	22,523	15,270	2,380	12,890
Series 28	17,688	2,000	15,688	16,140	2,000	14,140
Series 29	41,093	3,387	37,706	22,354	-	22,354
Series 30	29,263	48,554	(19,291)	18,291	5,717	12,574
Series 31	43,398	1,500	41,898	35,627	1,500	34,127
Series 32	52,740	6,500	46,240	41,881	-	41,881
Series 33	32,795	6,500	26,295	26,636	4,420	22,216
Series 34	24,732	4,200	20,532	24,732	4,200	20,532
Series 35	34,962	2,459	32,503	21,306	6,600	14,706
Series 36	15,252	1,910	13,342	13,616	1,910	11,706
Series 37	25,002	8,018	16,984	13,580	8,018	5,562
Series 38	36,468	500	35,968	34,815	3,000	31,815
Series 39	3,418	-	3,418	-	-	-
Series 40	58,475	-	58,475	53,188	7,550	45,638
Series 41	105,586	1,949	103,637	72,780	14,920	57,860
Series 42	85,740	6,948	78,792	56,839	23,443	33,396
Series 43	115,386	19,430	95,956	90,726	18,052	72,674
Series 44	115,651	1,000	114,651	115,651	24,995	90,656
Series 45	140,718	15,866	124,852	137,589	33,057	104,532
Series 46	104,598	10,628	93,970	104,598	10,807	93,791
	$1,231,355	$157,640	$1,073,715	$995,972	$179,342	$816,630

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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of ~~3 properties~~1 property at September 30, ~~2017, all of~~2018, which ~~were~~was at 100% Qualified Occupancy.

For the six month periodsended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 20 reflects a net loss from Operating Partnerships of ~~$(49,180)~~$(15,264) and ~~$(27,363)~~$(49,180), respectively, which includes depreciation and amortization of ~~$72,185~~$28,416 and ~~$86,616,~~$72,185, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In March 2016, the operating general partner of Franklinton Elderly Housing entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 14, 2016. The sales price of the property was $1,655,869, which included the outstanding mortgage balance of approximately $1,514,869 and cash proceeds to the investment partnership of $141,000. 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 $138,000 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 sale of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $138,000 as of September 30, 2016.

~~Series 21~~

~~As of September 30,~~December 2017, ~~and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.~~

For the six month periods ended September 30, 2017 and 2016, Series 21 reflects a net loss from Operating Partnerships of $(9,375) and $(540), respectively, which includes depreciation and amortization of $41,440 and $41,517, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

~~Series 22~~

~~As of September 30, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.~~

For the six month periods ended September 30, 2017 and 2016, Series 22 reflects a net loss from Operating Partnerships of $(35,259) and $(34,159), respectively, which includes depreciation and amortization of $69,003 and $55,366, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

~~Series 23~~

For the six month periods ended September 30, 2017 and 2016, Series 23 reflects a net loss from Operating Partnerships of $(10,702) and $(185,282), respectively, which includes depreciation and amortization of $44,899 and $307,885, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

~~In June 2016,~~ the investment general partner ~~of Boston Capital Tax Credit Fund III - Series 16 and Series 23~~ transferred ~~their respective interests~~its interest in ~~Mid City Associates~~Fair Oaks Lane Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$4,890,361~~$1,279,482 and cash proceeds to the investment ~~partnerships~~partnership of ~~$124,955 and $4,545, for Series 16 and Series 23, respectively.~~$44,000. Of the total proceeds received, ~~$27,340 and $995, for Series 16 and Series 23, respectively,~~$2,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $97,615 and $3,550, for Series 16 and Series 23, 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 transfer of the Operating Partnership, net of the overhead and expense reimbursement, has been recorded in the amount of $97,615 and $3,550, for Series 16 and Series 23, respectively, as of June 30, 2016.

In March 2017, the investment general partner transferred its interest in Colonna Redevelopment Company to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $375,000 and cash proceeds to the investment partnership of $500,000. Of the total proceeds received, $15,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $485,000$42,000 were returned to cash reserves held by Series ~~23.~~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 ~~$485,000~~$42,000 as of ~~March~~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 September 30, 2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30, 2018.

For the six month periods ended September 30, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $(9,375), respectively, which includes depreciation and amortization of $- and $41,440, 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 September 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 22 reflects a net loss from Operating Partnerships of $(30,638) and $(35,259), respectively, which includes depreciation and amortization of $54,539 and $69,003, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Series 23

For the six month periods ended September 30, 2018 and 2017, Series 23 reflects a net loss from Operating Partnerships of $(16,479) and $(10,702), respectively, which includes depreciation and amortization of $45,095 and $44,899, 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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 65 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 24 reflects a net loss from Operating Partnerships of ~~$(76,524)~~$(57,033) and ~~$(67,196)~~$(76,524), respectively, which includes depreciation and amortization of ~~$140,696~~$121,938 and ~~$136,278,~~$140,696, 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 September 30, ~~2016,~~2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30, ~~2017.~~2018.

For the six month periods ended September 30, 2018 and 2017, ~~and 2016,~~ Series 2521 reflects a net loss from Operating Partnerships of $- and ~~$(22,557)~~$-, respectively, which includes depreciation and amortization of $- and ~~$78,604,~~$-, 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 ~~will be~~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 ~~will be~~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 ~~will be~~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 ~~will be~~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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 98 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 26 reflects a net loss from Operating Partnerships of ~~$(236,765)~~$(158,897) and ~~$(313,979)~~$(236,765), respectively, which includes depreciation and amortization of ~~$232,520~~$155,406 and ~~$288,199,~~$232,520, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In July 2016, the investment general partner transferred its interest in Holly Hills Properties, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $794,392 and cash proceeds to the investment partnership of $22,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $18,500 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 $18,500 as of September 30, 2016.

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 ~~will be~~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 ~~will be~~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 ~~will be~~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 ~~will be~~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.

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.

~~Beckwood Manor One Limited Partnership~~

~~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 September 30, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.~~

For the six month periods ended September 30, 2017 and 2016, Series 27 reflects a net loss from Operating Partnerships of $(65,825) and $(107,750), respectively, which includes depreciation and amortization of $120,642 and $309,373, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In February 2016, the operating general partner of Centrum - Fairfax II LP entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on June 20, 2016. The sales price of the property was $9,550,000, which included the outstanding mortgage balance of approximately $4,907,553 and cash proceeds to the investment partnership of $3,000,000. 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 $2,995,000 will be 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 $2,995,000 as of June 30, 2016.

~~In July 2016,~~2018, the investment general partner transferred its interest in ~~Sunday Sun~~Beckwood Manor One Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$794,703~~$831,636 and cash proceeds to the investment partnership of ~~$25,000.~~$14,000. Of the total proceeds received, ~~$4,000~~$3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$21,000~~$10,500 were returned to cash reserves held by Series ~~27.~~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 ~~$21,000~~$10,500 as of June 30, 2018.

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 September 30, ~~2016.~~2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 27 reflects a net loss from Operating Partnerships of $(44,105) and $(65,825), respectively, which includes depreciation and amortization of $88,925 and $120,642, 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 ~~is scheduled to be~~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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 54 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 28 reflects a net loss from Operating Partnerships of ~~$(72,546)~~$(65,455) and ~~$(111,090)~~$(72,546), respectively, which includes depreciation and amortization of ~~$112,889~~$91,762 and ~~$115,386,~~$112,889, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June ~~2016,~~2018, the investment general partner transferred its interest in ~~Senior Suites Chicago Austin~~Evergreen Three Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$3,875,732~~$749,754 and cash proceeds to the investment partnership of ~~$10,000.~~$12,000. Of the total proceeds received, ~~$5,000~~$3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$5,000~~$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 ~~$5,000~~$8,500 as of June 30, ~~2016.~~2018.

Maplewood Apartments Partnership, A LA Partnership

Series 29

As of September 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 29 reflects a net loss from Operating Partnerships of $(114,593) and $(263,762), respectively, which includes depreciation and amortization of $114,458 and $247,758, 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 was 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 was 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.

~~Jackson Place Apartments, L.P.~~

~~Maplewood~~Westfield Apartments Partnership, A LALouisiana Partnership

The Lincoln Hotel

Poplarville Housing Inc.

Series 29
30

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 82 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, ~~and 2016,~~ Series 2930 reflects a net loss from Operating Partnerships of ~~$(263,762)~~$(43,152) and ~~$(188,454)~~$(68,786), respectively, which includes depreciation and amortization of ~~$247,758~~$76,907 and ~~$244,583,~~$145,249, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

~~The~~In September 2018, the investment general partner transferred its interest in JMC Limited Liability Company to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $885,168 and cash proceeds to the investment partnership of $7,500. Of the total proceeds received, $6,500 will ~~continue~~be paid to ~~monitor~~BCAMLP for expenses related to the ~~following~~transfer, which include third party legal costs. The remaining proceeds of approximately $1,000 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. Accordingly, a gain on the transfer of the Operating ~~Partnerships because~~Partnership of ~~operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period~~the proceeds from the transfer, net of the overhead and ~~there is therefore no risk to past credit delivery.~~

~~Edgewood Apartments Partnership, A Louisiana Partnership~~

~~Westfield Apartments Partnership, A Louisiana Partnership~~

~~Harbor Pointe/MHT LDHA~~

~~The Lincoln Hotel~~

~~Poplarville Housing Inc.~~

~~Series 30~~

Asexpense reimbursement, has been recorded in the amount of $1,000 as of September 30, ~~2017 and 2016, the average Qualified Occupancy~~2018. In addition, equity outstanding for the ~~series~~Operating Partnership in the amount of $16,549 for Series 30 was ~~100%. The series had a total~~recorded as gain on the transfer of ~~6 properties at~~the Operating Partnership as of September 30, ~~2017, all of which were at 100% Qualified Occupancy.~~

For the six month periods ended September 30, 2017 and 2016, Series 30 reflects a net loss from Operating Partnerships of $(68,786) and $(107,640), respectively, which includes depreciation and amortization of $145,249 and $202,659, respectively. This is an interim period estimate; it is not indicative of the final year-end results.2018.

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 ~~will be~~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 ~~will be~~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.

~~Bellwood Four Limited Partnership~~

~~JMC Limited Liability Company~~

~~Series 31~~

~~As of September 30, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.~~

For the six month periods ended September 30, 2017 and 2016, Series 31 reflects a net loss from Operating Partnerships of $(232,834) and $(190,795), respectively, which includes depreciation and amortization of $264,177 and $567,427, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~December 2016,~~March 2018, the investment general partner transferred its interest in ~~Eagles Ridge Terrace~~Bellwood Four Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$1,391,732~~$578,951 and cash proceeds to the investment partnership of ~~$72,000.~~$14,000. Of the total proceeds received, ~~$2,500~~$3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$69,500~~$10,500 were returned to cash reserves held by Series ~~31.~~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 ~~$69,500~~$10,500 as of ~~December~~March 31, ~~2016.~~2018.

In ~~December 2016,~~June 2018, the investment general partner transferred its interest in ~~Henderson Terrace Apartments~~Emerald Trace II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$399,366~~$206,800 and cash proceeds to the investment partnership of ~~$19,200.~~$24,506. Of the total proceeds received, ~~$2,500~~$5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$16,700~~$19,506 were returned to cash reserves held by Series ~~31.~~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 ~~$16,700~~$19,506 as of ~~December 31, 2016.~~June 30, 2018.

In ~~December 2016,~~June 2018, the investment general partner transferred its interest in ~~Lakeview Little Elm~~Pyramid One, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$340,752~~$500,927 and cash proceeds to the investment partnership of ~~$19,200.~~$10,000. Of the total proceeds received, ~~$2,500~~$5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$16,700~~$4,500 were returned to cash reserves held by Series ~~31.~~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 ~~$16,700~~$4,500 as of ~~December 31, 2016.~~June 30, 2018.

~~In December 2016,~~Series 31

As of September 30, 2018 and 2017, the ~~investment general partner transferred its interest in Mesquite Trails Apartments to~~average Qualified Occupancy for the series was 100%. The series had a total of 6 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 31 reflects a net loss from Operating Partnerships of $(230,081) and $(232,834), respectively, which includes depreciation and amortization of $209,468 and $264,177, respectively. This is an ~~entity affiliated with the operating general partner for its assumption~~interim period estimate; it is not indicative of the outstanding mortgage balance of approximately $523,176 and cash proceeds to the investment partnership of $28,800. 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 $26,300 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 $26,300 as of December 31, 2016.

In December 2016, the investment general partner transferred its interest in Pilot Point Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $587,525 and cash proceeds to the investment partnership of $32,000. 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 $29,500 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 $29,500 as of December 31, 2016.

In December 2016, the investment general partner transferred its interest in Seagraves Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $354,789 and cash proceeds to the investment partnership of $12,800. 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 $10,300 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 $10,300 as of December 31, 2016.

In November 2016, the investment general partner transferred its interest in Silver Creek Apartments/MHT, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,332,447 and cash proceeds to the investment partnership of $627,947. 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 $622,947 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. The transfer proceeds were received in the first quarter of 2017; so a receivable in the amount of $622,947 was recorded as of December 31, 2016. 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 $622,947 as of December 31, 2016. In March 2017, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $85,464, which were returned to the cash reserves held by the Series.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 ~~will be~~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 ~~will be~~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.

~~Canton Housing One, L.P.~~

~~Canton Housing Two, L.P.~~

~~Canton Housing Three, L.P.~~

~~Canton Housing Four, L.P.~~

~~Series 32~~

~~As of September 30, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 6 properties at September 30, 2017, all of which were at 100% Qualified Occupancy~~

For the six month periods ended September 30, 2017 and 2016, Series 32 reflects a net loss from Operating Partnerships of $(244,184) and $(352,024), respectively, which includes depreciation and amortization of $311,842 and $537,645, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~December 2016,~~June 2018, the investment general partner transferred its interest in ~~Indiana Development Limited Partnership~~Heritage One to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$1,129,504~~$814,632 and cash proceeds to the investment partnership of ~~$47,500.~~$11,000. Of the total proceeds received, ~~$2,500~~$3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$45,000~~$7,500 were returned to cash reserves held by Series ~~32.~~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 ~~$45,000~~$7,500 as of ~~December 31, 2016.~~June 30, 2018.

In ~~December 2016,~~July 2018, the investment general partner transferred its interest in ~~Granada Rose, Limited Partnership, a Texas~~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 ~~$124,650~~$781,448 and cash proceeds to the investment partnership of ~~$6,400.~~$42,000. Of the total proceeds received, $2,500 ~~was~~will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$3,900~~$39,500 were returned to cash reserves held by Series ~~32.~~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 ~~$3,900~~$39,500 as of ~~December~~September 30, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $22,452 for Series 31 ~~2016.~~was recorded as gain on the transfer of the Operating Partnership as of September 30, 2018.

Canton Housing One, L.P.

Canton Housing Two, L.P.

Canton Housing Three, L.P.

Canton Housing Four, L.P.

Series 32

As of September 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30, 2018, all of which were at 100% Qualified Occupancy

For the six month periods ended September 30, 2018 and 2017, Series 32 reflects a net loss from Operating Partnerships of $(206,936) and $(244,184), respectively, which includes depreciation and amortization of $219,165 and $311,842, 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 ~~will be~~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 ~~will be~~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 was 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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 53 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 33 reflects a net loss from Operating Partnerships of ~~$(107,568)~~$(50,927) and ~~$(114,291)~~$(107,568), respectively, which includes depreciation and amortization of ~~$179,293~~$139,535 and ~~$192,599, 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 its LIHTC compliance period and there is therefore no risk to past credit delivery.

~~Stearns Assisted Housing Associates, LP~~

~~Harbor Pointe/MHT LDHA~~

~~Series 34~~

For the six month periods ended September 30, 2017 and 2016, Series 34 reflects a net loss from Operating Partnerships of $(63,801) and $(137,493), respectively, which includes depreciation and amortization of $137,814 and $214,454,$179,293, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~May 2016,~~October 2017, the investment general partner transferred ~~its interest~~their respective interests in ~~Northwood Homes, Limited~~Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,053 and cash proceeds to the investment partnership of $32,000. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $27,500 were returned to cash reserves held by Series 34. 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 $27,500 as of June 30, 2016.

In July 2016, the investment general partner transferred its interest in Kerrville Meadows Apartments, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,144,914 and cash proceeds to the investment partnership of $225,000. Of the total proceeds received, $10,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $215,000 were returned to cash reserves held by Series 34. 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 $215,000 as of September 30, 2016.

In December 2016, the investment general partner transferred their respective interests in Washington Courtyards Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,958,317$435,500 and cash proceeds to the investment partnerships of ~~$394,536~~$1,583 and ~~$165,090~~$3,295 for Series 3433 and Series ~~35,~~37, respectively. Of the total proceeds received, ~~$2,115~~$633 and ~~$885~~$1,318 for Series 3433 and Series 35, respectively, represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds, $4,230 and $1,770 for Series 34 and Series 35,37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$388,191~~$950 and ~~$162,435~~$1,977 for Series 3433 and Series ~~35,~~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 ~~$388,191~~$950 and ~~$162,435~~$1,977 for Series 3433 and Series ~~35,~~37, respectively, as of December 31, ~~2016.~~

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited its 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 September 30, 2017 and 2016, the average Qualified Occupancy~~2017. In addition, equity outstanding for the ~~series~~Operating Partnership in the amount of $66,504 and $138,438 for Series 33 and Series 37, respectively, was ~~100%. The series had a total of 2 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.~~

~~For~~recorded as gain on the six month periods ended September 30, 2017 and 2016, Series 35 reflects a net loss from Operating Partnerships of $(14,918) and $(155,626), respectively, which includes depreciation and amortization of $173,454 and $412,269, respectively. This is an interim period estimate; it is not indicativetransfer of the ~~final year-end results.~~Operating Partnership as of December 31, 2017.

In ~~March 2016,~~November 2017, the operating general partner of ~~Wedgewood Park~~Harbor Pointe/MHT LDHA Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on ~~June 14, 2016.~~February 6, 2018. The sales price of the property was ~~$13,900,000,~~$1,900,000, which included the outstanding mortgage balance of approximately ~~$4,364,386~~$1,129,405 and cash proceeds to the investment partnerships of ~~$2,333,553~~$300,283 and ~~$2,333,553~~$108,265 for Series 3529 and Series ~~36,~~33, respectively. Of the total proceeds received by the investment partnerships, ~~$37,500~~$3,675 and ~~$37,500~~$1,325 for Series 3529 and Series 36, respectively, represents reporting fees due to an affiliate of the investment partnerships and the balance represents proceeds from the sale. Of the remaining proceeds, $1,250 and $1,250 for Series 35 and Series 36,33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of ~~$2,294,803~~$296,608 and ~~$2,294,803~~$106,940 for Series 3529 and Series ~~36,~~33, respectively, ~~were~~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 ~~$2,294,803~~$296,608 and ~~$2,294,803~~$106,940 for Series 3529 and Series ~~36,~~33, respectively as of ~~June 30, 2016.~~March 31, 2018. In ~~September 2016, the investment partnership received additional proceeds~~addition, equity outstanding for ~~its share of~~ the Operating ~~Partnership's cash~~Partnership in the amount of ~~$85,949~~$7,350 and ~~$85,949~~$2,650 for Series 3529 and Series 36, respectively, which were returned to the cash reserves held by the Series. In January 2017, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $12,121 and $12,121 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series.

In December 2016, the investment general partner transferred their respective interests in Washington Courtyards Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,958,317 and cash proceeds to the investment partnerships of $394,536 and $165,090 for Series 34 and Series 35, respectively. Of the total proceeds received, $2,115 and $885 for Series 34 and Series 35, respectively, represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds, $4,230 and $1,770 for Series 34 and Series 35,33, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $388,191 and $162,435 for Series 34 and Series 35, 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 $388,191 and $162,435 for Series 34 and Series 35, respectively,~~ as ~~of December 31, 2016.~~

In November 2016, the operating general partner of Columbia Woods, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on February 6, 2017. The sales price of the property was $7,450,000, which included the outstanding mortgage balance of approximately $3,865,108 and cash proceeds to the investment partnerships of $168,307 and $422,243 for Series 35 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $2,850 and $7,150 for Series 35 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $165,457 and $415,093 for Series 35 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 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 $165,457 and $415,093 for Series 35 and Series 37, respectively,~~ as of March 31, ~~2017.~~2018.

Series 34

As of September 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 34 reflects a net loss from Operating Partnerships of $(45,780) and $(63,801), respectively, which includes depreciation and amortization of $137,095 and $137,814, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In 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 September 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 35 reflects a net loss from Operating Partnerships of $(14,939) and $(14,918), respectively, which includes depreciation and amortization of $161,156 and $173,454, 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 ~~will be~~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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 32 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 36 reflects a net loss from Operating Partnerships of ~~$(65,936)~~$(41,774) and ~~$(72,616)~~$(65,936), respectively, which includes depreciation and amortization of ~~$84,557~~$70,217 and ~~$97,781,~~$84,557, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In May 2016, the investment general partner transferred its interest in Paris Place Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,065,498 and cash proceeds to the investment partnership of $80,000. 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 $75,000 were returned to cash reserves held by Series 36. 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 $75,000 as of June 30, 2016.

In May 2016, the investment general partner transferred its interest in Valleyview Estates, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $259,710 and cash proceeds to the investment partnership of $50,000. 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 $45,000 were returned to cash reserves held by Series 36. 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 $45,000 as of June 30, 2016.

~~In March 2016,~~December 2017, the operating general partner of ~~Wedgewood Park~~Ashton Ridge L.D.H.A., Limited Partnership entered into an agreement to sell the property to ~~a non-affiliated~~an entity affiliated with the operating general partner and the transaction closed on ~~June 14, 2016.~~July 31, 2018. The sales price of the property was ~~$13,900,000,~~$4,780,000, which included the outstanding mortgage balance of approximately ~~$4,364,386 and~~$2,220,645. In addition, to cash proceeds from the sale, the operating/cash reserves/escrows of $212,517 were distributed after the sale. Cash proceeds from the sale returned to the investment partnerships ~~of $2,333,553~~$244,787 and ~~$2,333,553~~$1,027,525, for Series 3536 and Series ~~36,~~37, respectively. Of the total proceeds received by the investment partnerships, ~~$37,500~~$1,624 and ~~$37,500~~$6,876 for Series 3536 and Series 36, respectively, represents reporting fees due to an affiliate of the investment partnerships and the balance represents proceeds from the sale. Of the remaining proceeds, $1,250 and $1,250 for Series 35 and Series 36,37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of ~~$2,294,803~~$243,163 and $2,294,803 for Series 35 and Series 36, 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 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 $2,294,803 and $2,294,803 for Series 35 and Series 36, respectively, as of June 30, 2016. In September 2016, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $85,949 and $85,949 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series. In January 2017, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $12,121 and $12,121 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series.

In June 2016, the investment general partner of Series 36 and Series 37 transferred their respective interests in Senior Suites Chicago Washington Heights Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $4,321,470 and cash proceeds to the investment partnerships of $5,000 and $5,000 for Series 36 and Series 37, respectively. Of the total proceeds received, $2,500 and $2,500 for Series 36 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 $2,500 and $2,500$1,020,649 for Series 36 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~~sale of the Operating Partnership of the proceeds from the ~~transfer,~~sale, net of the overhead and expense reimbursement, has been recorded in the amount of ~~$2,500~~$243,163 and ~~$2,500~~$1,020,649 for Series 36 and Series 37, respectively, as of ~~June~~September 30, ~~2016.~~2018.

The investment general partner will continue to monitor the following Operating ~~Partnerships~~Partnership because of operational or other issues. However, ~~these~~this Operating ~~Partnerships have all~~Partnership has 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 September 30, 2017, ~~and 2016,~~ the average Qualified Occupancy for the series was 100%.The series ~~had a total~~did not have any properties as of ~~2 properties at~~ September 30, ~~2017, all of which were at 100% Qualified Occupancy.~~
2018.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 37 reflects a net loss from Operating Partnerships of ~~$(71,880)~~$- and ~~$(308,855)~~$(71,880), respectively, which includes depreciation and amortization of ~~$139,403~~$- and ~~$459,576,~~$139,403, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December ~~2016,~~2017, the operating general partner of Ashton Ridge L.D.H.A., Limited Partnership entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on July 31, 2018. The sales price of the property was $4,780,000, which included the outstanding mortgage balance of approximately $2,220,645. In addition, to cash proceeds from the sale, the operating/cash reserves/escrows of $212,517 were distributed after the sale. Cash proceeds from the sale returned to the investment partnerships $244,787 and $1,027,525, for Series 36 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $1,624 and $6,876 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $243,163 and $1,020,649 for Series 36 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. 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 $243,163 and $1,020,649 for Series 36 and Series 37, respectively, as of September 30, 2018.

In October 2017, the investment general partner transferred their respective interests in ~~Baldwin Villas Limited Partnership~~Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $5,226,317 and no cash proceeds to the investment partnerships and no cash proceeds returned to the cash reserves held by Series 37, Series 40 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 transfer of the Operating Partnership has been recorded as of December 31, 2016.

In June 2016, the investment general partner of Series 36 and Series 37 transferred their respective interests in Senior Suites Chicago Washington Heights Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $4,321,470$435,500 and cash proceeds to the investment partnerships of ~~$5,000~~$1,583 and ~~$5,000~~$3,295 for Series 3633 and Series 37, respectively. Of the total proceeds received, ~~$2,500~~$633 and ~~$2,500~~$1,318 for Series 3633 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 ~~$2,500~~$950 and ~~$2,500~~$1,977 for Series 3633 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 ~~$2,500~~$950 and ~~$2,500~~$1,977 for Series 3633 and Series 37, respectively, as of ~~June 30, 2016.~~

December 31, 2017. In ~~September 2016, the investment general partner transferred its interest in FAH Silver Pond Limited Partnership to a non-affiliated entity~~addition, equity outstanding for its assumption of the outstanding mortgage balance of approximately $2,695,732 and cash proceeds to the investment partnership of $1,932,139. The proceeds of approximately $1,932,139 were returned to cash reserves held by Series 37. 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~~amount of ~~accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a~~$66,504 and $138,438 for Series 33 and Series 37, respectively, was recorded as gain on the transfer of the Operating Partnership ~~of the proceeds from the transfer has been recorded in the amount of $1,932,139~~ as of ~~September 30, 2016.~~

In November 2016, the operating general partner of Columbia Woods, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on February 6, 2017. The sales price of the property was $7,450,000, which included the outstanding mortgage balance of approximately $3,865,108 and cash proceeds to the investment partnerships of $168,307 and $422,243 for Series 35 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $2,850 and $7,150 for Series 35 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $165,457 and $415,093 for Series 35 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 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 $165,457 and $415,093 for Series 35 and Series 37, respectively, as of MarchDecember 31, 2017.

~~Stearns Assisted Housing Associates, LP~~

~~Ashton Ridge L.D.H.A., L.P.~~

Series 38

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 43 properties at September 30, ~~2017,~~2018, all of which were at 100% qualified occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 38 reflects a net loss from Operating Partnerships of ~~$(52,119)~~$(4,462) and ~~$(110,444)~~$(52,119), respectively, which includes depreciation and amortization of ~~$186,314~~$155,514 and ~~$420,171,~~$186,314, 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 Columbia Creek, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on January 3, 2017. The sales price of the property was $12,700,000, which included the outstanding mortgage balance of approximately $4,897,221 and cash proceeds to the investment partnerships of $1,112,310 and $1,157,711 for Series 38 and Series 39, respectively. Of the total proceeds received by the investment partnerships, $4,900 and $5,100 for Series 38 and Series 39, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,107,410 and $1,152,611 for Series 38 and Series 39, respectively, were returned to cash reserves held by Series 38 and Series 39, respectively. 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 $1,107,410 and $1,152,611 for Series 38 and Series 39, respectively, as of March 31, 2017.

In June 2016, the operating general partner of Andover Housing Associates Limited Partnership entered into an agreement to sell the property to a non-affiliated third party buyer and the transaction closed on November 15, 2016. The sales price of the property was $4,402,000, which included the outstanding mortgage balance of approximately $2,136,141 and cash proceeds to the investment partnership of $1,790,410. Of the total proceeds received by the investment partnership, $2,500 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,787,910 was 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 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 $1,787,910 as of December 31, 2016.

~~In December 2016,~~2018, the investment general partner transferred its interest in ~~Edna Vanderbilt, LP, A Texas~~Heritage Two Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$216,530~~$823,454 and cash proceeds to the investment partnership of ~~$9,600.~~$10,500. Of the total proceeds received, ~~$2,500~~$3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$7,100~~$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 ~~$7,100~~$7,000 as of ~~December 31, 2016.~~

In October 2016, the operating general partner of Arbors at Eagle Crest LDHA LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on January 26, 2017. The sales price of the property was $3,700,000, which included the outstanding mortgage balance of approximately $2,078,128 and cash proceeds to the investment partnerships of $377,821 and $377,821 for Series 38 and Series 39, respectively. Of the total proceeds received by the investment partnerships, $6,543 and $6,543 for Series 38 and Series 39, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $371,278 and $371,278 for Series 38 and Series 39, 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 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 $371,278 and $371,278 for Series 38 and Series 39, respectively, as of March 31, 2017.June 30, 2018.

Series 39

As of September 30, 2017, ~~and 2016,~~ the average Qualified Occupancy for the series was 100%.The series ~~had a total~~did not have any properties as of ~~1 property at~~ September 30, ~~2017, which was at 100% Qualified Occupancy.~~
2018.

For the six month periods ended September 30, 2018 and 2017, ~~and 2016,~~ Series 3921 reflects a net loss from Operating Partnerships of ~~$(6,699)~~$- and ~~$(79,486)~~$(6,699), respectively, which includes depreciation and amortization of ~~$14,546~~$- and ~~$172,026,~~$14,546, respectively. This is an interim period estimate; it is not indicative of the final ~~year end~~year-end results.

~~In May 2016,~~ the investment general partner transferred its interest in ~~Hillview, Limited~~Timber Trails I Partnership to ana non-affiliated entity ~~affiliated with the operating general partner~~ for its assumption of the outstanding mortgage balance of approximately ~~$771,823~~$717,617 and cash proceeds to the investment partnership of ~~$25,500.~~$22,779. Of the total proceeds received, ~~$3,000~~$5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$22,500~~$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 ~~$22,500~~$17,779 as of ~~June~~December 31, 2017.

Series 40

As of September 30, ~~2016.~~2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30, 2018, all of which at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 40 reflects a net loss from Operating Partnerships of $(215,077) and $(333,738), respectively, which includes depreciation and amortization of $276,150 and $335,439, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~July 2016,~~September 2018, the investment general partner transferred its interest in ~~Daystar Village, Limited~~MA No. 2 LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$634,353~~$1,003,723 and cash proceeds to the investment partnership of ~~$75,000.~~$50,000. Of the total proceeds received, ~~$4,500 was~~$5,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $70,500 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 $70,500 as of September 30, 2016.

In August 2016, the investment general partner transferred its interest in Tally Ho Apartments Partnership, A Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $479,836 and cash proceeds to the investment partnership of $22,100. 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 $17,100 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 $17,100 as of September 30, 2016.

In July 2016, the investment general partner transferred its interest in Austin Acres, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $793,420 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $12,000 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 $12,000 as of September 30, 2016.

~~Series 40~~

~~As of September 30, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at September 30, 2017, all of which at 100% Qualified Occupancy.~~

For the six month periods ended September 30, 2017 and 2016, Series 40 reflects a net loss from Operating Partnerships of $(333,738) and $(250,861), respectively, which includes depreciation and amortization of $335,439 and $434,196, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2016, the investment general partner transferred their respective interests in Baldwin Villas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $5,226,317 and no cash proceeds to the investment partnerships and no cash proceeds returned to the cash reserves held by Series 37, Series 40 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 transfer of the Operating Partnership has been recorded as of December 31, 2016.

In May 2016, the investment general partner transferred its interest in Londontown Homes, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $385,627 and cash proceeds to the investment partnership of $25,000. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $20,500$44,500 were returned to cash reserves held by Series 40. 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 ~~$20,500 as of June 30, 2016.~~

In July 2016, the investment general partner transferred its interest in Southbrook Homes, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $333,131 and cash proceeds to the investment partnership of $32,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $28,500 were returned to cash reserves held by Series 40. 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 $28,500$44,500 as of September 30, ~~2016.~~2018.

In January 2017, the investment general partner transferred its interest in Azle Fountainhead, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $924,937 and cash proceeds to the investment partnership of $47,200. 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 $44,700 were returned to cash reserves held by Series 40. 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 $44,700 as of March 31, 2017.

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.

Center Place Apartments II Limited Partnership

Oakland Partnership, A Louisiana Partnership

Series 41

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 1611 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 41 reflects a net loss from Operating Partnerships of ~~$(317,875)~~$(103,233) and ~~$(260,152)~~$(317,875), respectively, which includes depreciation and amortization of ~~$613,670~~$384,753 and ~~$678,310,~~$613,670, 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 ~~(Harbor Pointe II Apartments) is~~entered into an agreement to sell the property a ~~72-unit family property located in Benton Harbor, MI. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner~~non-affiliated entity and the ~~management company to monitor and improve operations.~~transaction closed on February 6, 2018. 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, 2017.~~

~~In March 2017,~~sales price of the ~~investment general partner transferred its interest in Sunshine Village Apartments, Limited to an entity affiliated with the operating general partner for its assumption of~~property was $1,300,000, which included the outstanding mortgage balance of approximately ~~$680,145~~$1,234,960 and nominal cash proceeds to the investment ~~partnership of $75,000. Of the total~~partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds ~~received, $4,500 was paid~~available to ~~BCAMLP for~~pay expenses related to the ~~transfer, which include third party legal costs. The remaining~~sale and no proceeds ~~of approximately $70,500~~ 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,~~41, Series 42 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.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, ano gain on the ~~transfer~~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 ~~proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded~~Operating Partnership in the amount of ~~$70,500~~$100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, ~~2017.~~2018.

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 was 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.

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 ~~its~~their LIHTC compliance period and there is therefore no risk to past credit delivery.

~~Bienville Partnership, A L.P.~~Cedar Grove Apartments Phase I

~~San Diego/Fox Hollow, LP~~Rural Housing Partners of Mendota

Series 42

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 1510 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 42 reflects a net loss from Operating Partnerships of ~~$(417,273)~~$(237,678) and ~~$(375,695)~~$(417,273), respectively, which includes depreciation and amortization of ~~$560,944~~$362,541 and ~~$558,935,~~$560,944, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In August 2018, the investment general partner transferred its interest in Great Bridge Dover Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,638,266 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $7,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,500 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. 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 $42,500 as of September 30, 2018.

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership ~~(Harbor Pointe~~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 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 ~~Apartments) is~~Limited Partnership to a ~~72-unit family property located~~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 ~~Benton Harbor, MI.~~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.

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 ~~property continues~~remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to ~~operate below breakeven.~~ 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.

The investment general partner will continue to ~~work~~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.

Wingfield Apartments Partnership II, LP

Series 43

As of September 30, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 16 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2018 and 2017, Series 43 reflects a net loss from Operating Partnerships of $(344,467) and $(544,742), respectively, which includes depreciation and amortization of $695,187 and $863,189, 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 was 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 ~~company~~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 ~~monitor~~zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and ~~improve operations. The~~expense reimbursement, has been recorded in the amount of $9,000 as of June 30, 2018.

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's~~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 ~~deficit guaranteed~~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 ~~expired. The 15-year low income housing tax credit compliance period will expire on~~been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

New Chester Townhouses II, A Limited Partnership (Chester Townhouses Phase II Apartments) is a 52-unit family property in Chester, SC. The low income housing tax credit compliance period expires on December 31, 2021. As the property has stabilized and is now operating above breakeven,In January 2018, the investment general partner ~~will cease reporting for New Chester Townhouses II, A~~transferred their respective interests in San Diego/Fox Hollow, Limited Partnership ~~subsequent~~ to ~~September 30, 2017~~.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.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited ~~its~~their LIHTC compliance period and there is therefore no risk to past credit delivery.

~~San Diego/Fox Hollow LP.~~Carpenter School I Elderly Apartments Limited

~~Wingfield Apartments Partnership II, LP~~

Parkside Plaza, LLP

Series 4344

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy ~~for the series~~ was 100%. The series had a total of 197 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and 2016, Series 43 reflects a net loss from Operating Partnerships of $(544,742) and $(522,395), respectively, which includes depreciation and amortization of $863,189 and $875,902, 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 its LIHTC compliance period and there is therefore no risk to past credit delivery.

~~San Diego/Fox Hollow LP.~~

~~Parkside Plaza, LLP~~

~~Series 44~~

~~As of September 30, 2017 and 2016, the average Qualified Occupancy was 100%. The series had a total of 7 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.~~

~~For the six month periods ended September 30, 2017 and 2016,~~ Series 44 reflects a net loss from Operating Partnerships of ~~$(119,466)~~$(19,966) and ~~$(96,020)~~$(119,466), respectively, which includes depreciation and amortization of ~~$683,908~~$676,174 and ~~$727,408,~~$683,908, 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 September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 2725 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 45 reflects a net loss from Operating Partnerships of ~~$(396,870)~~$(387,359) and ~~$(426,886)~~$(396,870), respectively, which includes depreciation and amortization of ~~$984,440~~$944,459 and ~~$1,005,493~~$984,440, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

~~In December 2016, the~~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 ~~transferred their respective interests in Baldwin Villas Limited Partnership~~will continue to ~~an entity affiliated~~work with the operating general partner ~~for its assumption~~and the management company to monitor and improve operations in conjunction with the Virginia Housing Development Authority. As of September 30, 2018, the property is maintaining average occupancy of 89%. 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.

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 ~~$5,226,317~~$1,234,960 and nonominal 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 ~~the~~ cash reserves held by Series ~~37,~~41, Series 4042 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 ~~transfer~~sale of the Operating Partnership ~~has been~~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 ~~of December 31, 2016.~~

~~Brookside Square Limited Partnership (Brookside Square Apartments) is a 32-unit property located in Boykins, VA. On June 18, 2017 a guest~~gain on the sale of the property, while trying to park the car, drove into unit 202 causing significant structural damage. There were no injuries reported, and as a result of the accident units 202 and 203 were condemned by the building inspector. One resident was evicted as a result of the accident and one resident was relocated to a vacant unit. The property is seeking reimbursement through the owner's car insurance policy to cover the damage. The management agent hired a contractor to complete the repairs at a cost of $20,443. The work started October 3, 2017 and is scheduled to complete in 30 days. The units will be inspected before management can re-occupy the units. Insurance will also reimburse the site for loss of rents. The Operating Partnership ~~will operate above breakeven once the proceeds to offset the repair costs are received. The property was 87.5% occupied~~ as of September 30, 2017. The investment general partner will continue to work with the operating general partner and the management company to monitor the work currently in progress. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period with will expire on DecemberMarch 31, 2018.

Jefferson Housing, LP (Jefferson House) is a 101-unit property located in Lynchburg, VA. Due to a workout agreement with the Lender, VHDA, the property was operating above breakeven. However, the workout agreement ended May 1, 2016. As of September, 2017, the property is 99% occupied. Despite high occupancy 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. The operating general partner's has an unlimited operating deficit guarantee. The low income housing tax credit compliance period expires on December 31, 2019.

Harbor Pointe II/MHT LDHA Limited Partnership (Harbor Pointe II Apartments) is a 72-unit family property located in Benton Harbor, MI. 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. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period with will expire on December 31, 2017.

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. ~~An increase in legal expenses and a drop in occupancy at the beginning of 2017 caused~~The property operated below breakeven ~~operations~~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 sewer line must be pumped at least once a quarter, totaling $12,000 annually. This expense is expected to continue until the sewer line is replaced, however the operating general partner does not plan to replace the line in 2018. The property is estimated to be generating a cash deficit of ($10,618) through ~~the third quarter. However, occupancy~~September 2018. Occupancy declined slightly in 2017, averaging 95% but has improved to ~~100%~~an average of 97% in 2018. Effective September ~~2017~~19, 2018, the City of Pascagoula voted to enforce a mandatory building inspection for all vacant units prior to the unit be leased. Utility and electrical services will not be provided to a new tenant without the approval from the City. The City of Pascagoula is ~~averaging 96% for the year.~~charging a $50 fee per unit inspection. 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.

~~Borger Fountainhead L.P. (La Mirage Apartments) is~~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 was 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 ~~48-unit family property~~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 Borger, Texas. The property operated below breakeven in 2016 due to high maintenance and administrative expenses and low occupancy. Occupancy has improved to 91% in 2017 and maintenance and administrative expenses have both decreased. the amount of $342,500 as of June 30, 2018.

The investment general partner will continue to ~~work with~~monitor the ~~operating general partner and the management company to monitor and improve operations. The operating general partner's operating deficit guarantee~~following Operating Partnership because of operational or other issues. However, this Operating Partnership has ~~expired. The 15-year low income housing tax credit~~exited its LIHTC compliance period ~~will expire on December 31, 2018.~~and there is therefore no risk to past credit delivery.

Heritage Christian Home III, L.P. (Heritage Christian Home III, LP) is a 12-unit assisted living single room occupancy property for adults with developmental disabilities located in Rochester, NY. The property operated below breakeven in 2016 due to the allocation of staff salaries that had not been previously allocated to the property. Previously the salaries were funded by the operating general partner and guarantor. The staffs' salaries are now allocated to the property and any resulting operating deficits will be funded by the operating general partner. The operating general partners operating deficit guarantee is unlimited in time and amount. The 15-year low income housing tax credit compliance period for Heritage Christian Home III, LP expires on December 31, 2017.

Reese I Limited Partnership (Reese Village Apartments) is a 40-unit property located in Emporia, VA. The property is operating below breakeven with occupancy of 90% as of September 30, 2017. The property is aging, and requiring significant replacements and repairs for each unit turn. On May 27, 2017, a pipe burst in a unit and flooded the unit. Adjacent units also incurred water damage. None of the residents were displaced, and all of the work was completed on June 1, 2017. As the repair was done so quickly, there will be no 8823s issued. Management filed the claim in July with the insurance company for water damage and debris removal. The total claim amount is $3,956. Total proceeds received, less the $1,000 deductible, was $2,956. The investment general partner will work with the operating general partner on ways to improve resident retention efforts. 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.

Series 46

As of September 30, ~~2017~~2018 and ~~2016,~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at September 30, ~~2017,~~2018, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, ~~2017~~2018 and ~~2016,~~2017, Series 46 reflects a net loss from Operating Partnerships of ~~$(188,138)~~$(87,767) and ~~$(305,655)~~$(188,138), respectively, which includes depreciation and amortization of ~~$571,780~~$567,002 and ~~$686,230,~~$571,780, 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 ~~below~~slightly above breakeven ~~in 2016 and~~through 2017. Occupancy remains strong through the third quarter of ~~2017. High operating expenses~~2018 averaging 98%. Property operations continue to be ~~an issue at the property.~~affected by high operating expenses. Operations remain slightly above breakeven in 2018. The investment general partner continues to work with the operating general partner and the management company to ~~ensure stabilized property operations.~~reduce expenses. The operating general ~~partners~~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 were below breakeven in 2016, largely due to management's inability to increase rents and retain current tenants, while incurring additional operating expenses. The investment general partner will continue to work with the operating general partner and management company to improve occupancy and overall operations. 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.

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 ~~slightly above~~below breakeven in ~~2016 but is~~2017 mainly due to high operating ~~below breakeven~~expenses and a reduction in rental income resulting from a decrease in occupancy. Average occupancy has improved through the third quarter of ~~2017,~~2018, averaging 93% for the year which is up from 78% in 2017. Although occupancy has improved, operations remain below breakeven mainly due to ~~low occupancy.~~high operating expenses and high debt service. The investment limited partner will continue to work with the operating general partner on improving occupancy and ~~will monitor operations.~~reducing expenses. 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, ~~2017~~2018 and ~~2016.~~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 3	Quantitative 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 September 30, ~~2017~~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, ~~2017.~~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
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 September 30, ~~2017~~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 ~~herein~~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: November 13, ~~2017~~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:

November 13, ~~2017~~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






November 13, ~~2017~~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.

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

Series 20	-	1	$	138,000	$	138,000
Series 23	1	-		3,550		3,550
Series 26	1	-		18,500		18,500
Series 27	1	1		3,016,000		3,016,000
Series 28	1	-		5,000		5,000
Series 34	2	-		242,500		242,500
Series 35	-	1		2,380,752		2,380,752
Series 36	3	1		2,503,252		2,503,252
Series 37	2	-		1,934,639		1,934,639
Series 39	4	-		122,100		122,100
Series 40	2	-		49,000		49,000
Series 44	-	1		-		-
Total	17	5	$	10,413,293	$	10,413,293

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, ~~2017.~~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

		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 September 30, ~~2017~~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 ~~herein~~herewith