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 endedDecember 31, ~~2018~~2019
or
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number 0-26200

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

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

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

(617) 624-8900

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

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 every Interactive Data File required to be submitted 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 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 filerý		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 DECEMBER 31, ~~2018~~2019

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~~88-143
		Condensed Statements of Cash Flows			~~98-125~~144-171
		Notes to Condensed Financial Statements			~~126-161~~172-207

	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			~~162-208~~208-252

	Item 3. Quantitative and Qualitative Disclosures About Market Risk			~~209~~253

	Item 4. Controls and Procedures			~~209~~253

PART II OTHER INFORMATION

	Item 1. Legal Proceedings			~~210~~254

	Item 1A. Risk Factors			~~210~~254

	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			~~210~~254

	Item 3. Defaults Upon Senior Securities			~~210~~254

	Item 4. Mine Safety Disclosures			~~210~~254

	Item 5. Other Information			~~210~~254

	Item 6. Exhibits			~~210~~254

	Signatures			~~211~~255

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		23,668,446		27,208,717		10,221,514		22,926,529
Other assets		40,088		40,088		38,912		40,088

	$	23,708,534	$	27,248,805	$	10,260,426	$	22,966,617

LIABILITIES

Accounts payable and accrued expenses	$	1,642,092	$	654,673	$	547,423	$	550,316
Accounts payable affiliates (Note C)		19,723,088		29,495,273		16,109,004		19,302,918
Capital contributions payable		44,094		176,746		17,763		44,094

		21,409,274		30,326,692		16,674,190		19,897,328

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 83,651,080 issued and 83,175,478 outstanding as of December 31, 2018 and March 31, 2018.		2,894,455		2,931,035
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 83,651,080 issued and 83,048,603 outstanding as of December 31, 2019 and March 31, 2019.						(5,963,020)		3,656,782
General Partner		(595,195)		(6,008,922)		(450,744)		(587,493)

		2,299,260		(3,077,887)		(6,413,764)		3,069,289

	$	23,708,534	$	27,248,805	$	10,260,426	$	22,966,617

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	241,987	$	-	$	-

LIABILITIES

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

		-		1,444,723		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,866,700 issued and 3,829,200 outstanding as of December 31, 2018 and March 31, 2018.		(754,767)		(882,456)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,866,700 issued and 3,828,200 outstanding as of December 31, 2019 and March 31, 2019.						(754,767)		(754,767)
General Partner		754,767		(320,280)		754,767		754,767

		-		(1,202,736)		-		-

	$	-	$	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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	-	$	-	$	-

LIABILITIES

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

		-		-		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 1,892,700 issued and 1,879,500 outstanding as of December 31, 2018 and March 31, 2018.		(898,231)		(898,231)
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 December 31, 2019 and March 31, 2019.						(898,231)		(898,231)
General Partner		898,231		898,231		898,231		898,231

		-		-		-		-

	$	-	$	-	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	221,864	$	-	$	-

LIABILITIES

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

		-		2,878,109		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,564,400 issued and 2,550,645 outstanding as of December 31, 2018 and March 31, 2018.		(2,448,362)		(2,410,599)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,564,400 issued and 2,550,145 outstanding as of December 31, 2019 and March 31, 2019.						(2,448,362)		(2,448,362)
General Partner		2,448,362		(245,646)		2,448,362		2,448,362

		-		(2,656,245)		-		-

	$	-	$	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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	446,136	$	-	$	-

LIABILITIES

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

		-		933,387		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,336,727 issued and 3,303,327 outstanding as of December 31, 2018 and March 31, 2018.		(224,264)		(197,532)
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 December 31, 2019 and March 31, 2019.						(224,264)		(224,264)
General Partner		224,264		(289,719)		224,264		224,264

		-		(487,251)		-		-

	$	-	$	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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		417,630		453,512		-		402,018
Other assets		-		-		-		-

	$	417,630	$	453,512	$	-	$	402,018

LIABILITIES

Accounts payable and accrued expenses	$	3,000	$	5,000	$	-	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		-		-		-		-

		3,000		5,000		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,169,878 issued and 2,152,753 outstanding as of December 31, 2018 and March 31, 2018.		589,736		623,279
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,169,878 issued and 2,150,053 outstanding as of December 31, 2019 and March 31, 2019.						173,404		577,250
General Partner		(175,106)		(174,767)		(173,404)		(175,232)

		414,630		448,512		-		402,018

	$	417,630	$	453,512	$	-	$	402,018

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	-	$	-	$	-

LIABILITIES

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

		-		-		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,026,109 issued and 3,016,809 outstanding as of December 31, 2018 and March 31, 2018.		219,815		219,815
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 December 31, 2019 and March 31, 2019.						219,815		219,815
General Partner		(219,815)		(219,815)		(219,815)		(219,815)

		-		-		-		-

	$	-	$	-	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		572,306		642,258		587,787		554,439
Other assets		-		-		-		-

	$	572,306	$	642,258	$	587,787	$	554,439

LIABILITIES

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

		-		-		2,500		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,995,900 issued and 3,965,400 outstanding as of December 31, 2018 and March 31, 2018.		884,926		954,178
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,995,900 issued and 3,956,674 outstanding as of December 31, 2019 and March 31, 2019.						897,777		867,237
General Partner		(312,620)		(311,920)		(312,490)		(312,798)

		572,306		642,258		585,287		554,439

	$	572,306	$	642,258	$	587,787	$	554,439

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		6,492,781		6,799,933		-		6,500,234
Other assets		-		-		-		-

	$	6,492,781	$	6,799,933	$	-	$	6,500,234

LIABILITIES

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

		-		-		-		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,460,700 issued and 2,443,900 outstanding as of December 31, 2018 and March 31, 2018.		6,634,301		6,938,381
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,460,700 issued and 2,431,350 outstanding as of December 31, 2019 and March 31, 2019.						133,264		6,641,679
General Partner		(141,520)		(138,448)		(133,264)		(141,445)

		6,492,781		6,799,933		-		6,500,234

	$	6,492,781	$	6,799,933	$	-	$	6,500,234

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		701,439		742,564		699,710		690,605
Other assets		-		-		23,824		-

	$	701,439	$	742,564	$	723,534	$	690,605

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	12,000	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		-		-		-		-

		-		-		12,000		-

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,000,738 issued and 3,984,138 outstanding as of December 31, 2018 and March 31, 2018.		976,261		1,016,975
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,000,738 issued and 3,979,139 outstanding as of December 31, 2019 and March 31, 2019.						986,256		965,536
General Partner		(274,822)		(274,411)		(274,722)		(274,931)

		701,439		742,564		711,534		690,605

	$	701,439	$	742,564	$	723,534	$	690,605

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		196,692		622,414		161,384		196,944
Other assets		-		-		-		-

	$	196,692	$	622,414	$	161,384	$	196,944

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		3,069,575		3,559,561		3,098,615		3,076,835
Capital contributions payable		785		885		785		785

		3,070,360		3,560,446		3,099,400		3,077,620

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,991,800 issued and 3,955,225 outstanding as of December 31, 2018 and March 31, 2018.		(2,506,284)		(2,570,004)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,991,800 issued and 3,942,925 outstanding as of December 31, 2019 and March 31, 2019.						(2,569,989)		(2,513,222)
General Partner		(367,384)		(368,028)		(368,027)		(367,454)

		(2,873,668)		(2,938,032)		(2,938,016)		(2,880,676)

	$	196,692	$	622,414	$	161,384	$	196,944

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	453,433	$	-	$	-

LIABILITIES

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

		-		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 December 31, 2018 and March 31, 2018.		(883,119)		(996,782)
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 December 31, 2019 and March 31, 2019.						(883,119)		(883,119)
General Partner		883,119		(239,418)		883,119		883,119

		-		(1,236,200)		-		-

	$	-	$	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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		1,958,503		1,971,680		-		1,953,570
Other assets		25,000		25,000		-		25,000

	$	1,983,503	$	1,996,680	$	-	$	1,978,570

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		25,000		66,294		-		25,000

		25,000		66,294		-		25,000

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 December 31, 2018 and March 31, 2018.		2,318,177		2,290,341
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,417,857 issued and 4,375,757 outstanding as of December 31, 2019 and March 31, 2019.						353,529		2,313,293
General Partner		(359,674)		(359,955)		(353,529)		(359,723)

		1,958,503		1,930,386		-		1,953,570

	$	1,983,503	$	1,996,680	$	-	$	1,978,570

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		225,947		563,697		356,939		272,226
Other assets		-		-		-		-

	$	225,947	$	563,697	$	356,939	$	272,226

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		198,731		924,936		226,700		218,525
Capital contributions payable		1,229		1,229		-		1,229

		199,960		926,165		226,700		219,754

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 December 31, 2018 and March 31, 2018.		432,090		47,520
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,754,198 issued and 4,724,298 outstanding as of December 31, 2019 and March 31, 2019.						535,300		458,311
General Partner		(406,103)		(409,988)		(405,061)		(405,839)

		25,987		(362,468)		130,239		52,472

	$	225,947	$	563,697	$	356,939	$	272,226

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		229,636		452,033		571,893		236,612
Other assets		-		-		-		-

	$	229,636	$	452,033	$	571,893	$	236,612

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		1,085,969		1,252,955		-		1,099,287
Capital contributions payable		-		-		-		-

		1,085,969		1,252,955		-		1,099,287

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 December 31, 2018 and March 31, 2018.		(621,990)		(567,133)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,636,533 issued and 2,621,433 outstanding as of December 31, 2019 and March 31, 2019.						791,954		(628,268)
General Partner		(234,343)		(233,789)		(220,061)		(234,407)

		(856,333)		(800,922)		571,893		(862,675)

	$	229,636	$	452,033	$	571,893	$	236,612

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		223,081		394,837		442,131		178,285
Other assets		-		-		-		-

	$	223,081	$	394,837	$	442,131	$	178,285

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	4,500	$	-
Accounts payable affiliates (Note C)		2,727,465		2,840,368		2,723,447		2,689,830
Capital contributions payable		-		-		-		-

		2,727,465		2,840,368		2,727,947		2,689,830

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 December 31, 2018 and March 31, 2018.		(2,178,950)		(2,120,686)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,529,319 issued and 3,496,419 outstanding as of December 31, 2019 and March 31, 2019.						(1,962,568)		(2,186,040)
General Partner		(325,434)		(324,845)		(323,248)		(325,505)

		(2,504,384)		(2,445,531)		(2,285,816)		(2,511,545)

	$	223,081	$	394,837	$	442,131	$	178,285

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		4,400,908		4,428,306		-		4,395,774
Other assets		-		-		-		-

	$	4,400,908	$	4,428,306	$	-	$	4,395,774

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 December 31, 2018 and March 31, 2018.		4,638,924		4,666,048
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,300,463 issued and 3,277,913 outstanding as of December 31, 2019 and March 31, 2019.						223,088		4,633,841
General Partner		(238,016)		(237,742)		(223,088)		(238,067)

		4,400,908		4,428,306		-		4,395,774

	$	4,400,908	$	4,428,306	$	-	$	4,395,774

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		2,856,924		2,106,050		-		2,541,359
Other assets		-		-		-		-

	$	2,856,924	$	2,106,050	$	-	$	2,541,359

LIABILITIES

Accounts payable and accrued expenses	$	701,319	$	131,000	$	-	$	24,706
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		-		-		-		-

		701,319		131,000		-		24,706

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 December 31, 2018 and March 31, 2018.		2,312,712		2,133,963
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,106,838 issued and 2,083,704 outstanding as of December 31, 2019 and March 31, 2019.						148,221		2,670,150
General Partner		(157,107)		(158,913)		(148,221)		(153,497)

		2,155,605		1,975,050		-		2,516,653

	$	2,856,924	$	2,106,050	$	-	$	2,541,359

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

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

	$	-	$	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 December 31, 2018 and March 31, 2018.		205,359		220,255
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 December 31, 2019 and March 31, 2019.						205,359		205,359
General Partner		(205,359)		(215,517)		(205,359)		(205,359)

		-		4,738		-		-

	$	-	$	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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		1,486,571		1,492,145		-		1,499,106
Other assets		-		-		-		-

	$	1,486,571	$	1,492,145	$	-	$	1,499,106

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 December 31, 2018 and March 31, 2018.		1,689,989		1,677,456
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,543,100 issued and 2,536,200 outstanding as of December 31, 2019 and March 31, 2019.						188,889		1,702,399
General Partner		(203,418)		(203,545)		(188,889)		(203,293)

		1,486,571		1,473,911		-		1,499,106

	$	1,486,571	$	1,492,145	$	-	$	1,499,106

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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 December 31, 2018 and March 31, 2018.		196,043		196,043
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 December 31, 2019 and March 31, 2019.						196,043		196,043
General Partner		(196,043)		(196,043)		(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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		229,311		431,341		-		193,344
Other assets		-		-		-		-

	$	229,311	$	431,341	$	-	$	193,344

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	9,500
Accounts payable affiliates (Note C)		2,264,647		2,413,069		-		2,224,213
Capital contributions payable		102		102		-		102

		2,264,749		2,413,171		-		2,233,815

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 December 31, 2018 and March 31, 2018.		(1,790,140)		(1,737,068)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,630,256 issued and 2,611,356 outstanding as of December 31, 2019 and March 31, 2019.						216,900		(1,795,123)
General Partner		(245,298)		(244,762)		(216,900)		(245,348)

		(2,035,438)		(1,981,830)		-		(2,040,471)

	$	229,311	$	431,341	$	-	$	193,344

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		249,679		741,152		274,846		246,214
Other assets		-		-		-		-

	$	249,679	$	741,152	$	274,846	$	246,214

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	1,250	$	-
Accounts payable affiliates (Note C)		2,479,532		2,893,606		2,615,840		2,513,609
Capital contributions payable		-		-		-		-

		2,479,532		2,893,606		2,617,090		2,513,609

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 December 31, 2018 and March 31, 2018.		(1,958,386)		(1,881,761)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,891,626 issued and 2,872,426 outstanding as of December 31, 2019 and March 31, 2019.						(2,069,654)		(1,995,553)
General Partner		(271,467)		(270,693)		(272,590)		(271,842)

		(2,229,853)		(2,152,454)		(2,342,244)		(2,267,395)

	$	249,679	$	741,152	$	274,846	$	246,214

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		1,319,625		1,327,017		1,611,469		1,300,483
Other assets		11,300		11,300		11,300		11,300

	$	1,330,925	$	1,338,317	$	1,622,769	$	1,311,783

LIABILITIES

Accounts payable and accrued expenses	$	1,500	$	-	$	7,000	$	-
Accounts payable affiliates (Note C)		-		-		-		-
Capital contributions payable		254		254		254		254

		1,754		254		7,254		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 December 31, 2018 and March 31, 2018.		1,556,817		1,565,620
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,744,262 issued and 2,722,862 outstanding as of December 31, 2019 and March 31, 2019.						1,840,297		1,539,351
General Partner		(227,646)		(227,557)		(224,782)		(227,822)

		1,329,171		1,338,063		1,615,515		1,311,529

	$	1,330,925	$	1,338,317	$	1,622,769	$	1,311,783

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		769,315		854,364		1,431,916		414,540
Other assets		-		-		-		-

	$	769,315	$	854,364	$	1,431,916	$	414,540

LIABILITIES

Accounts payable and accrued expenses	$	363,500	$	-	$	-	$	-
Accounts payable affiliates (Note C)		485,101		915,591		-		168,259
Capital contributions payable		-		26,082		-		-

		848,601		941,673		-		168,259

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 December 31, 2018 and March 31, 2018.		243,028		235,085
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,637,987 issued and 3,627,487 outstanding as of December 31, 2019 and March 31, 2019.						1,739,118		565,339
General Partner		(322,314)		(322,394)		(307,202)		(319,058)

		(79,286)		(87,309)		1,431,916		246,281

	$	769,315	$	854,364	$	1,431,916	$	414,540

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		109,921		84,006		2,809,920		113,020
Other assets		-		-		-		-

	$	109,921	$	84,006	$	2,809,920	$	113,020

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		3,016,016		2,830,127		2,989,038		3,076,825
Capital contributions payable		-		-		-		-

		3,016,016		2,830,127		2,989,038		3,076,825

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,701,973 issued and 2,693,973 outstanding as of December 31, 2018 and March 31, 2018.		(2,639,586)		(2,481,212)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,701,973 issued and 2,689,173 outstanding as of December 31, 2019 and March 31, 2019.						60,121		(2,696,719)
General Partner		(266,509)		(264,909)		(239,239)		(267,086)

		(2,906,095)		(2,746,121)		(179,118)		(2,963,805)

	$	109,921	$	84,006	$	2,809,920	$	113,020

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		928,655		753,702		901,780		916,581
Other assets		-		-		-		-

	$	928,655	$	753,702	$	901,780	$	916,581

LIABILITIES

Accounts payable and accrued expenses	$	572,773	$	515,173	$	520,173	$	516,110
Accounts payable affiliates (Note C)		2,547,165		2,584,511		2,397,281		2,334,349
Capital contributions payable		16,724		16,724		16,724		16,724

		3,136,662		3,116,408		2,934,178		2,867,183

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 December 31, 2018 and March 31, 2018.		(1,832,265)		(1,985,417)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,014,367 issued and 4,007,167 outstanding as of December 31, 2019 and March 31, 2019.						(1,658,412)		(1,577,434)
General Partner		(375,742)		(377,289)		(373,986)		(373,168)

		(2,208,007)		(2,362,706)		(2,032,398)		(1,950,602)

	$	928,655	$	753,702	$	901,780	$	916,581

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


		December 31, 2018		March 31, 2018		December 31, 2019		March 31, 2019

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

OTHER ASSETS
Cash and cash equivalents		299,522		466,399		371,739		321,175
Other assets		3,788		3,788		3,788		3,788

	$	303,310	$	470,187	$	375,527	$	324,963

LIABILITIES

Accounts payable and accrued expenses	$	-	$	-	$	-	$	-
Accounts payable affiliates (Note C)		1,848,887		1,871,990		2,058,083		1,901,186
Capital contributions payable		-		-		-		-

		1,848,887		1,871,990		2,058,083		1,901,186

PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,980,998 issued and 2,968,635 outstanding as of December 31, 2018 and March 31, 2018.		(1,267,379)		(1,125,043)
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,980,998 issued and 2,965,635 outstanding as of December 31, 2019 and March 31, 2019.						(1,402,989)		(1,297,719)
General Partner		(278,198)		(276,760)		(279,567)		(278,504)

		(1,545,577)		(1,401,803)		(1,682,556)		(1,576,223)

	$	303,310	$	470,187	$	375,527	$	324,963

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 December 31,
(Unaudited)

		2018		2017		2019		2018

Income
Interest income	$	60,657	$	44,147	$	89,644	$	60,657
Other income		35,136		61,482		14,121		35,136

		95,793		105,629		103,765		95,793



Gain on Disposition of Operating Partnerships		467,156		1,055,522
Gain on disposition of Operating Partnerships (Note D)						3,289,789		467,156


Expenses
Professional fees		70,561		26,251		36,645		70,561
Fund management fee, net (Note C)		376,113		456,851		287,360		376,113
General and administrative expenses		303,064		259,174		475,661		303,067

		749,738		742,276		799,666		749,741


NET INCOME (LOSS)	$	(186,789)	$	418,875	$	2,593,888	$	(186,792)


Net income (loss) allocated to assignees	$	(184,923)	$	414,684	$	2,567,946	$	(184,925)


Net income (loss) allocated to general partner	$	(1,866)	$	4,191	$	25,942	$	(1,867)


Net income (loss) per BAC	$	(.00)	$	.00	$	.03	$	(.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 December 31,
(Unaudited)

Series 20

		2018		2017		2019		2018

Income
Interest income	$	361	$	284	$	-	$	361
Other income		-		-		-		-

		361		284		-		361



Gain on Disposition of Operating Partnerships		42,000		42,000
Gain on disposition of Operating Partnerships (Note D)						-		42,000


Expenses
Professional fees		2,831		657		-		2,831
Fund management fee, net (Note C)		2,549		5,336		-		2,549
General and administrative expenses		36,709		6,930		-		36,709

		42,089		12,923		-		42,089


NET INCOME (LOSS)	$	272	$	29,361	$	-	$	272


Net income (loss) allocated to assignees	$	269	$	29,067	$	-	$	269


Net income (loss) allocated to general partner	$	3	$	294	$	-	$	3


Net income (loss) per BAC	$	.00	$	.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 December 31,
(Unaudited)

Series 21

		2018		2017		2019		2018

Income
Interest income	$	-	$	81	$	-	$	-
Other income		-		-		-		-

		-		81		-		-



Gain on Disposition of Operating Partnerships		-		67,000
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		-		1,314		-		-
Fund management fee, net (Note C)		-		2,216		-		-
General and administrative expenses		-		32,726		-		-

		-		36,256		-		-


NET INCOME (LOSS)	$	-	$	30,825	$	-	$	-


Net income (loss) allocated to assignees	$	-	$	30,517	$	-	$	-


Net income (loss) allocated to general partner	$	-	$	308	$	-	$	-


Net income (loss) per BAC	$	-	$	.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 December 31,
(Unaudited)

Series 22

		2018		2017		2019		2018

Income
Interest income	$	455	$	196	$	-	$	455
Other income		-		-		-		-

		455		196		-		455



Gain on Disposition of Operating Partnerships		38,000		-
Gain on disposition of Operating Partnerships (Note D)						-		38,000


Expenses
Professional fees		2,406		657		-		2,406
Fund management fee, net (Note C)		6,426		7,303		-		6,426
General and administrative expenses		35,675		5,479		-		35,675

		44,507		13,439		-		44,507


NET INCOME (LOSS)	$	(6,052)	$	(13,243)	$	-	$	(6,052)


Net income (loss) allocated to assignees	$	(5,991)	$	(13,111)	$	-	$	(5,992)


Net income (loss) allocated to general partner	$	(61)	$	(132)	$	-	$	(60)


Net income (loss) per BAC	$	(.00)	$	(.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 December 31,
(Unaudited)

Series 23

		2018		2017		2019		2018

Income
Interest income	$	489	$	1,140	$	-	$	489
Other income		-		1,977		-		-

		489		3,117		-		489



Gain on Disposition of Operating Partnerships		43,500		30,296
Gain on disposition of Operating Partnerships (Note D)						-		43,500


Expenses
Professional fees		2,731		657		-		2,731
Fund management fee, net (Note C)		5,556		5,556		-		5,556
General and administrative expenses		37,264		6,533		-		37,264

		45,551		12,746		-		45,551


NET INCOME (LOSS)	$	(1,562)	$	20,667	$	-	$	(1,562)


Net income (loss) allocated to assignees	$	(1,546)	$	20,460	$	-	$	(1,546)


Net income (loss) allocated to general partner	$	(16)	$	207	$	-	$	(16)


Net income (loss) per BAC	$	(.00)	$	.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 December 31,
(Unaudited)

Series 24

		2018		2017		2019		2018

Income
Interest income	$	705	$	211	$	1,037	$	705
Other income		-		344		-		-

		705		555		1,037		705



Gain on Disposition of Operating Partnerships		23,678		-
Gain on disposition of Operating Partnerships (Note D)						278,516		23,678


Expenses
Professional fees		1,513		657		1,181		1,513
Fund management fee, net (Note C)		9,927		12,098		7,799		9,927
General and administrative expenses		5,150		5,131		47,951		5,151

		16,590		17,886		56,931		16,591


NET INCOME (LOSS)	$	7,793	$	(17,331)	$	222,622	$	7,792


Net income (loss) allocated to assignees	$	7,715	$	(17,158)	$	220,396	$	7,714


Net income (loss) allocated to general partner	$	78	$	(173)	$	2,226	$	78


Net income (loss) per BAC	$	.00	$	(.01)	$	.10	$	.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 December 31,
(Unaudited)

Series 25

		2018		2017		2019		2018

Income
Interest income	$	-	$	-	$	-	$	-
Other income		-		-		-		-

		-		-		-		-



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		-		1,314		-		-
Fund management fee, net (Note C)		-		-		-		-
General and administrative expenses		-		40,074		-		-

		-		41,388		-		-


NET INCOME (LOSS)	$	-	$	(41,388)	$	-	$	-


Net income (loss) allocated to assignees	$	-	$	(40,974)	$	-	$	-


Net income (loss) allocated to general partner	$	-	$	(414)	$	-	$	-


Net income (loss) per BAC	$	-	$	(.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 December 31,
(Unaudited)

Series 26

		2018		2017		2019		2018

Income
Interest income	$	1,168	$	530	$	3,178	$	1,168
Other income		-		-		-		-

		1,168		530		3,178		1,168



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						109,433		-


Expenses
Professional fees		2,166		657		1,181		2,166
Fund management fee, net (Note C)		13,938		15,609		13,317		13,938
General and administrative expenses		7,464		7,656		11,097		7,465

		23,568		23,922		25,595		23,569


NET INCOME (LOSS)	$	(22,400)	$	(23,392)	$	87,016	$	(22,401)


Net income (loss) allocated to assignees	$	(22,176)	$	(23,158)	$	86,146	$	(22,177)


Net income (loss) allocated to general partner	$	(224)	$	(234)	$	870	$	(224)


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 27

		2018		2017		2019		2018

Income
Interest income	$	17,986	$	8,050	$	14,817	$	17,986
Other income		-		7,370		-		-

		17,986		15,420		14,817		17,986



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						79,844		-


Expenses
Professional fees		2,081		2,577		1,459		2,081
Fund management fee, net (Note C)		(2,365)		155		5,730		(2,365)
General and administrative expenses		5,062		4,895		70,185		5,063

		4,778		7,627		77,374		4,779


NET INCOME (LOSS)	$	13,208	$	7,793	$	17,287	$	13,207


Net income (loss) allocated to assignees	$	13,076	$	7,715	$	17,114	$	13,075


Net income (loss) allocated to general partner	$	132	$	78	$	173	$	132


Net income (loss) per BAC	$	.01	$	.00	$	.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 December 31,
(Unaudited)

Series 28

		2018		2017		2019		2018

Income
Interest income	$	1,235	$	577	$	1,920	$	1,235
Other income		-		-		-		-

		1,235		577		1,920		1,235



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						66,148		-


Expenses
Professional fees		2,003		657		1,181		2,003
Fund management fee, net (Note C)		7,296		8,844		5,520		7,296
General and administrative expenses		6,537		6,717		9,975		6,539

		15,836		16,218		16,676		15,838


NET INCOME (LOSS)	$	(14,601)	$	(15,641)	$	51,392	$	(14,603)


Net income (loss) allocated to assignees	$	(14,455)	$	(15,485)	$	50,878	$	(14,457)


Net income (loss) allocated to general partner	$	(146)	$	(156)	$	514	$	(146)


Net income (loss) per BAC	$	(.00)	$	(.00)	$	.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 December 31,
(Unaudited)

Series 29

		2018		2017		2019		2018

Income
Interest income	$	1,106	$	313	$	1,190	$	1,106
Other income		-		-		-		-

		1,106		313		1,190		1,106



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		2,123		657		1,181		2,123
Fund management fee, net (Note C)		4,261		20,547		4,260		4,261
General and administrative expenses		6,940		7,413		10,948		6,940

		13,324		28,617		16,389		13,324


NET INCOME (LOSS)	$	(12,218)	$	(28,304)	$	(15,199)	$	(12,218)


Net income (loss) allocated to assignees	$	(12,096)	$	(28,021)	$	(15,047)	$	(12,096)


Net income (loss) allocated to general partner	$	(122)	$	(283)	$	(152)	$	(122)


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 30

		2018		2017		2019		2018

Income
Interest income	$	681	$	574	$	-	$	681
Other income		-		-		-		-

		681		574		-		681



Gain on Disposition of Operating Partnerships		153,627		-
Gain on disposition of Operating Partnerships (Note D)						-		153,627


Expenses
Professional fees		2,221		657		-		2,221
Fund management fee, net (Note C)		5,668		10,209		-		5,668
General and administrative expenses		38,433		5,314		-		38,432

		46,322		16,180		-		46,321


NET INCOME (LOSS)	$	107,986	$	(15,606)	$	-	$	107,987


Net income (loss) allocated to assignees	$	106,906	$	(15,450)	$	-	$	106,907


Net income (loss) allocated to general partner	$	1,080	$	(156)	$	-	$	1,080


Net income (loss) per BAC	$	.04	$	(.01)	$	-	$	.04

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 December 31,
(Unaudited)

Series 31

		2018		2017		2019		2018

Income
Interest income	$	5,442	$	2,325	$	7,499	$	5,442
Other income		-		-		-		-

		5,442		2,325		7,499		5,442



Gain on Disposition of Operating Partnerships		36,342		-
Gain on disposition of Operating Partnerships (Note D)						900		36,342


Expenses
Professional fees		6,927		657		1,181		6,927
Fund management fee, net (Note C)		16,065		19,092		(6,531)		16,065
General and administrative expenses		6,779		7,199		49,288		6,778

		29,771		26,948		43,938		29,770


NET INCOME (LOSS)	$	12,013	$	(24,623)	$	(35,539)	$	12,014


Net income (loss) allocated to assignees	$	11,893	$	(24,377)	$	(35,184)	$	11,894


Net income (loss) allocated to general partner	$	120	$	(246)	$	(355)	$	120


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 December 31,
(Unaudited)

Series 32

		2018		2017		2019		2018

Income
Interest income	$	86	$	2,148	$	1,541	$	86
Other income		-		11,000		-		-

		86		13,148		1,541		86



Gain on Disposition of Operating Partnerships		-		128,747
Gain on disposition of Operating Partnerships (Note D)						159,553		-


Expenses
Professional fees		7,049		657		1,181		7,049
Fund management fee, net (Note C)		18,294		17,234		19,795		18,294
General and administrative expenses		7,158		11,395		10,962		7,159

		32,501		29,286		31,938		32,502


NET INCOME (LOSS)	$	(32,415)	$	112,609	$	129,156	$	(32,416)


Net income (loss) allocated to assignees	$	(32,091)	$	111,483	$	127,864	$	(32,092)


Net income (loss) allocated to general partner	$	(324)	$	1,126	$	1,292	$	(324)


Net income (loss) per BAC	$	(.01)	$	.02	$	.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 December 31,

(Unaudited)

Series 33

		2018		2017		2019		2018

Income
Interest income	$	980	$	332	$	2,594	$	980
Other income		-		5,329		-		-

		980		5,661		2,594		980



Gain on Disposition of Operating Partnerships		-		67,454
Gain on disposition of Operating Partnerships (Note D)						26,962		-


Expenses
Professional fees		1,484		657		1,181		1,484
Fund management fee, net (Note C)		9,318		(3,186)		9,777		9,318
General and administrative expenses		4,899		4,891		7,130		4,899

		15,701		2,362		18,088		15,701


NET INCOME (LOSS)	$	(14,721)	$	70,753	$	11,468	$	(14,721)


Net income (loss) allocated to assignees	$	(14,574)	$	70,045	$	11,353	$	(14,574)


Net income (loss) allocated to general partner	$	(147)	$	708	$	115	$	(147)


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 December 31,
(Unaudited)

Series 34

		2018		2017		2019		2018

Income
Interest income	$	850	$	645	$	2,533	$	850
Other income		-		-		-		-

		850		645		2,533		850



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						27,000		-


Expenses
Professional fees		1,783		657		1,181		1,783
Fund management fee, net (Note C)		12,365		12,365		9,756		12,365
General and administrative expenses		5,924		5,903		8,938		5,924

		20,072		18,925		19,875		20,072

NET INCOME (LOSS)	$	(19,222)	$	(18,280)	$	9,658	$	(19,222)


Net income (loss) allocated to assignees	$	(19,030)	$	(18,097)	$	9,562	$	(19,029)


Net income (loss) allocated to general partner	$	(192)	$	(183)	$	96	$	(193)


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 December 31,
(Unaudited)

Series 35

		2018		2017		2019		2018

Income
Interest income	$	9,216	$	5,396	$	8,309	$	9,216
Other income		-		-		-		-

		9,216		5,396		8,309		9,216



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						1,414,642		-


Expenses
Professional fees		6,668		657		1,835		6,668
Fund management fee, net (Note C)		4,053		7,453		8,235		4,053
General and administrative expenses		5,571		5,576		47,764		5,571

		16,292		13,686		57,834		16,292


NET INCOME (LOSS)	$	(7,076)	$	(8,290)	$	1,365,117	$	(7,076)


Net income (loss) allocated to assignees	$	(7,005)	$	(8,207)	$	1,351,466	$	(7,005)


Net income (loss) allocated to general partner	$	(71)	$	(83)	$	13,651	$	(71)


Net income (loss) per BAC	$	(.00)	$	(.00)	$	.41	$	(.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 December 31,
(Unaudited)

Series 36

		2018		2017		2019		2018

Income
Interest income	$	6,084	$	2,465	$	5,977	$	6,084
Other income		-		-		-		-

		6,084		2,465		5,977		6,084



Gain on Disposition of Operating Partnerships		9,941		-
Gain on disposition of Operating Partnerships (Note D)						105,658		9,941


Expenses
Professional fees		11,756		657		1,181		11,756
Fund management fee, net (Note C)		1,775		7,626		2,739		1,775
General and administrative expenses		4,335		4,272		45,349		4,333

		17,866		12,555		49,269		17,864


NET INCOME (LOSS)	$	(1,841)	$	(10,090)	$	62,366	$	(1,839)


Net income (loss) allocated to assignees	$	(1,823)	$	(9,989)	$	61,743	$	(1,821)


Net income (loss) allocated to general partner	$	(18)	$	(101)	$	623	$	(18)


Net income (loss) per BAC	$	(.00)	$	(.00)	$	.03	$	(.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 December 31,
(Unaudited)

Series 37

		2018		2017		2019		2018

Income
Interest income	$	258	$	1,144	$	-	$	258
Other income		-		-		-		-

		258		1,144		-		258



Gain on Disposition of Operating Partnerships		41,726		140,415
Gain on disposition of Operating Partnerships (Note D)						-		41,726


Expenses
Professional fees		2,085		657		-		2,085
Fund management fee, net (Note C)		-		10,957		-		-
General and administrative expenses		38,356		4,318		-		38,358

		40,441		15,932		-		40,443


NET INCOME (LOSS)	$	1,543	$	125,627	$	-	$	1,541


Net income (loss) allocated to assignees	$	1,528	$	124,371	$	-	$	1,526


Net income (loss) allocated to general partner	$	15	$	1,256	$	-	$	15


Net income (loss) per BAC	$	.00	$	.05	$	-	$	.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 December 31,
(Unaudited)

Series 38

		2018		2017		2019		2018

Income
Interest income	$	817	$	3,593	$	6,829	$	817
Other income		20,202		7,020		-		20,202

		21,019		10,613		6,829		21,019



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						42,783		-


Expenses
Professional fees		1,459		657		1,181		1,459
Fund management fee, net (Note C)		10,581		8,034		2,742		10,581
General and administrative expenses		4,820		4,808		47,372		4,819

		16,860		13,499		51,295		16,859


NET INCOME (LOSS)	$	4,159	$	(2,886)	$	(1,683)	$	4,160


Net income (loss) allocated to assignees	$	4,117	$	(2,857)	$	(1,667)	$	4,118


Net income (loss) allocated to general partner	$	42	$	(29)	$	(16)	$	42


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 39

		2018		2017		2019		2018

Income
Interest income	$	-	$	175	$	-	$	-
Other income		-		-		-		-

		-		175		-		-



Gain on Disposition of Operating Partnerships		-		17,779
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		-		1,314		-		-
Fund management fee, net (Note C)		-		1,712		-		-
General and administrative expenses		-		34,495		-		-

		-		37,521		-		-


NET INCOME (LOSS)	$	-	$	(19,567)	$	-	$	-


Net income (loss) allocated to assignees	$	-	$	(19,371)	$	-	$	-


Net income (loss) allocated to general partner	$	-	$	(196)	$	-	$	-


Net income (loss) per BAC	$	-	$	(.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 December 31,
(Unaudited)

Series 40

		2018		2017		2019		2018

Income
Interest income	$	977	$	830	$	1,717	$	977
Other income		-		2,262		-		-

		977		3,092		1,717		977



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						408,469		-


Expenses
Professional fees		1,390		657		1,181		1,390
Fund management fee, net (Note C)		23,390		15,119		11,828		23,390
General and administrative expenses		5,346		5,228		52,846		5,346

		30,126		21,004		65,855		30,126


NET INCOME (LOSS)	$	(29,149)	$	(17,912)	$	344,331	$	(29,149)


Net income (loss) allocated to assignees	$	(28,858)	$	(17,733)	$	340,887	$	(28,858)


Net income (loss) allocated to general partner	$	(291)	$	(179)	$	3,444	$	(291)


Net income (loss) per BAC	$	(.01)	$	(.01)	$	.13	$	(.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 December 31,
(Unaudited)

Series 41

		2018		2017		2019		2018

Income
Interest income	$	1,165	$	1,070	$	1,653	$	1,165
Other income		-		2,765		-		-

		1,165		3,835		1,653		1,165



Gain on Disposition of Operating Partnerships		-		63,058
Gain on disposition of Operating Partnerships (Note D)						1,250		-


Expenses
Professional fees		1,620		657		1,181		1,620
Fund management fee, net (Note C)		32,161		37,849		34,077		32,161
General and administrative expenses		6,207		7,821		8,797		6,208

		39,988		46,327		44,055		39,989


NET INCOME (LOSS)	$	(38,823)	$	20,566	$	(41,152)	$	(38,824)


Net income (loss) allocated to assignees	$	(38,435)	$	20,360	$	(40,741)	$	(38,436)


Net income (loss) allocated to general partner	$	(388)	$	206	$	(411)	$	(388)


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 December 31,
(Unaudited)

Series 42

		2018		2017		2019		2018

Income
Interest income	$	4,775	$	5,466	$	5,478	$	4,775
Other income		13,734		172		13,734		13,734

		18,509		5,638		19,212		18,509



Gain on Disposition of Operating Partnerships		11,822		262,279
Gain on disposition of Operating Partnerships (Note D)						381,658		11,822

Expenses
Professional fees		1,499		657		6,409		1,499
Fund management fee, net (Note C)		23,431		35,049		23,690		23,431
General and administrative expenses		5,829		6,073		7,926		5,829

		30,759		41,779		38,025		30,759


NET INCOME (LOSS)	$	(428)	$	226,138	$	362,845	$	(428)


Net income (loss) allocated to assignees	$	(424)	$	223,877	$	359,216	$	(424)


Net income (loss) allocated to general partner	$	(4)	$	2,261	$	3,629	$	(4)


Net income (loss) per BAC	$	(.00)	$	.08	$	.13	$	(.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 December 31,
(Unaudited)

Series 43

		2018		2017		2019		2018

Income
Interest income	$	1,434	$	4,962	$	7,367	$	1,434
Other income		-		-		-		-

		1,434		4,962		7,367		1,434



Gain on Disposition of Operating Partnerships		66,520		225,500
Gain on disposition of Operating Partnerships (Note D)						21,923		66,520


Expenses
Professional fees		1,758		657		1,181		1,758
Fund management fee, net (Note C)		5,532		54,247		19,392		5,532
General and administrative expenses		7,336		7,497		9,912		7,335

		14,626		62,401		30,485		14,625


NET INCOME (LOSS)	$	53,328	$	168,061	$	(1,195)	$	53,329


Net income (loss) allocated to assignees	$	52,795	$	166,380	$	(1,183)	$	52,796


Net income (loss) allocated to general partner	$	533	$	1,681	$	(12)	$	533


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 December 31,
(Unaudited)

Series 44

		2018		2017		2019		2018

Income
Interest income	$	196	$	61	$	9,849	$	196
Other income		813		6,895		-		813

		1,009		6,956		9,849		1,009



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						64,602		-


Expenses
Professional fees		1,523		657		1,181		1,523
Fund management fee, net (Note C)		53,683		31,705		43,979		53,683
General and administrative expenses		5,540		5,377		7,751		5,540

		60,746		37,739		52,911		60,746


NET INCOME (LOSS)	$	(59,737)	$	(30,783)	$	21,540	$	(59,737)


Net income (loss) allocated to assignees	$	(59,140)	$	(30,475)	$	21,324	$	(59,139)


Net income (loss) allocated to general partner	$	(597)	$	(308)	$	216	$	(598)


Net income (loss) per BAC	$	(.02)	$	(.01)	$	.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 December 31,
(Unaudited)

Series 45

		2018		2017		2019		2018

Income
Interest income	$	2,877	$	854	$	3,564	$	2,877
Other income		387		-		387		387

		3,264		854		3,951		3,264



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						100,448		-


Expenses
Professional fees		1,878		5,278		5,826		1,878
Fund management fee, net (Note C)		62,910		68,354		51,232		62,910
General and administrative expenses		9,007		8,963		12,017		9,007

		73,795		82,595		69,075		73,795


NET INCOME (LOSS)	$	(70,531)	$	(81,741)	$	35,324	$	(70,531)


Net income (loss) allocated to assignees	$	(69,826)	$	(80,924)	$	34,971	$	(69,826)

Net income (loss) allocated to general partner	$	(705)	$	(817)	$	353	$	(705)


Net income (loss) per BAC	$	(.02)	$	(.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
Three Months Ended December 31,
(Unaudited)

Series 46

		2018		2017		2019		2018

Income
Interest income	$	1,314	$	725	$	2,592	$	1,314
Other income		-		16,348		-		-

		1,314		17,073		2,592		1,314



Gain on Disposition of Operating Partnerships		-		10,994
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		1,607		657		4,582		1,607
Fund management fee, net (Note C)		49,299		45,368		20,023		49,299
General and administrative expenses		6,723		6,490		9,453		6,723

		57,629		52,515		34,058		57,629


NET INCOME (LOSS)	$	(56,315)	$	(24,448)	$	(31,466)	$	(56,315)


Net income (loss) allocated to assignees	$	(55,752)	$	(24,204)	$	(31,152)	$	(55,752)


Net income (loss) allocated to general partner	$	(563)	$	(244)	$	(314)	$	(563)


Net income (loss) per BAC	$	(.02)	$	(.01)	$	(.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
Nine Months Ended December 31,
(Unaudited)

		2018		2017		2019		2018

Income
Interest income	$	163,651	$	80,976	$	247,584	$	163,651
Other income		292,224		254,126		226,241		292,224

		455,875		335,102		473,825		455,875



Gain on Disposition of Operating Partnerships		3,086,786		11,305,952
Gain on disposition of Operating Partnerships (Note D)						15,140,452		3,086,786


Expenses
Professional fees		497,467		581,933		364,341		497,467
Fund management fee, net (Note C)		1,192,744		1,530,568		873,135		1,192,744
General and administrative expenses		547,591		508,530		702,000		547,591

		2,237,802		2,621,031		1,939,476		2,237,802


NET INCOME (LOSS)	$	1,304,859	$	9,020,023	$	13,674,801	$	1,304,859


Net income (loss) allocated to assignees	$	1,291,810	$	8,929,822	$	13,538,052	$	1,291,810


Net income (loss) allocated to general partner	$	13,049	$	90,201	$	136,749	$	13,049


Net income (loss) per BAC	$	.02	$	.11	$	.16	$	.02

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 20

		2018		2017		2019		2018

Income
Interest income	$	1,340	$	350	$	-	$	1,340
Other income		-		-		-		-

		1,340		350		-		1,340



Gain on Disposition of Operating Partnerships		197,337		42,000
Gain on disposition of Operating Partnerships (Note D)						-		197,337


Expenses
Professional fees		14,501		14,281		-		14,501
Fund management fee, net (Note C)		7,369		14,295		-		7,369
General and administrative expenses		47,828		16,976		-		47,828

		69,698		45,552		-		69,698


NET INCOME (LOSS)	$	128,979	$	(3,202)	$	-	$	128,979


Net income (loss) allocated to assignees	$	127,689	$	(3,170)	$	-	$	127,689


Net income (loss) allocated to general partner	$	1,290	$	(32)	$	-	$	1,290


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
Nine Months Ended December 31,
(Unaudited)

Series 21

		2018		2017		2019		2018

Income
Interest income	$	-	$	137	$	-	$	-
Other income		-		859		-		-

		-		996		-		-



Gain on Disposition of Operating Partnerships		-		67,000
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		-		12,275		-		-
Fund management fee, net (Note C)		-		5,603		-		-
General and administrative expenses		-		40,874		-		-

		-		58,752		-		-


NET INCOME (LOSS)	$	-	$	9,244	$	-	$	-


Net income (loss) allocated to assignees	$	-	$	9,152	$	-	$	-


Net income (loss) allocated to general partner	$	-	$	92	$	-	$	-


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 22

		2018		2017		2019		2018

Income
Interest income	$	1,579	$	361	$	-	$	1,579
Other income		-		-		-		-

		1,579		361		-		1,579



Gain on Disposition of Operating Partnerships		38,000		-
Gain on disposition of Operating Partnerships (Note D)						-		38,000


Expenses
Professional fees		13,451		12,818		-		13,451
Fund management fee, net (Note C)		18,778		21,409		-		18,778
General and administrative expenses		45,494		14,441		-		45,494

		77,723		48,668		-		77,723


NET INCOME (LOSS)	$	(38,144)	$	(48,307)	$	-	$	(38,144)


Net income (loss) allocated to assignees	$	(37,763)	$	(47,824)	$	-	$	(37,763)


Net income (loss) allocated to general partner	$	(381)	$	(483)	$	-	$	(381)


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 23

		2018		2017		2019		2018

Income
Interest income	$	2,045	$	3,364	$	-	$	2,045
Other income		3,955		5,932		-		3,955

		6,000		9,296		-		6,000



Gain on Disposition of Operating Partnerships		43,500		989,962
Gain on disposition of Operating Partnerships (Note D)						-		43,500


Expenses
Professional fees		15,332		16,579		-		15,332
Fund management fee, net (Note C)		13,062		14,918		-		13,062
General and administrative expenses		48,108		16,306		-		48,108

		76,502		47,803		-		76,502


NET INCOME (LOSS)	$	(27,002)	$	951,455	$	-	$	(27,002)


Net income (loss) allocated to assignees	$	(26,732)	$	941,940	$	-	$	(26,732)


Net income (loss) allocated to general partner	$	(270)	$	9,515	$	-	$	(270)


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 24

		2018		2017		2019		2018

Income
Interest income	$	1,826	$	372	$	2,719	$	1,826
Other income		582		748		1,680		582

		2,408		1,120		4,399		2,408



Gain on Disposition of Operating Partnerships		23,678		-
Gain on disposition of Operating Partnerships (Note D)						278,516		23,678


Expenses
Professional fees		15,254		14,336		15,614		15,254
Fund management fee, net (Note C)		30,282		34,929		26,041		30,282
General and administrative expenses		14,432		13,969		58,465		14,432

		59,968		63,234		100,120		59,968


NET INCOME (LOSS)	$	(33,882)	$	(62,114)	$	182,795	$	(33,882)


Net income (loss) allocated to assignees	$	(33,543)	$	(61,493)	$	180,967	$	(33,543)


Net income (loss) allocated to general partner	$	(339)	$	(621)	$	1,828	$	(339)


Net income (loss) per BAC	$	(.02)	$	(.03)	$	.08	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 25

		2018		2017		2019		2018

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

		-		10,321		-		-



Gain on Disposition of Operating Partnerships		-		97,399
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		-		13,993		-		-
Fund management fee, net (Note C)		-		9,682		-		-
General and administrative expenses		-		49,639		-		-

		-		73,314		-		-


NET INCOME (LOSS)	$	-	$	34,406	$	-	$	-


Net income (loss) allocated to assignees	$	-	$	34,062	$	-	$	-


Net income (loss) allocated to general partner	$	-	$	344	$	-	$	-


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 26

		2018		2017		2019		2018

Income
Interest income	$	3,115	$	799	$	5,615	$	3,115
Other income		420		526		420		420

		3,535		1,325		6,035		3,535



Gain on Disposition of Operating Partnerships		10,500		80,000
Gain on disposition of Operating Partnerships (Note D)						109,433		10,500


Expenses
Professional fees		22,612		20,884		18,155		22,612
Fund management fee, net (Note C)		42,485		56,858		40,193		42,485
General and administrative expenses		18,890		18,331		26,272		18,890

		83,987		96,073		84,620		83,987


NET INCOME (LOSS)	$	(69,952)	$	(14,748)	$	30,848	$	(69,952)


Net income (loss) allocated to assignees	$	(69,252)	$	(14,601)	$	30,540	$	(69,252)


Net income (loss) allocated to general partner	$	(700)	$	(147)	$	308	$	(700)


Net income (loss) per BAC	$	(.02)	$	(.00)	$	.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
Nine Months Ended December 31,
(Unaudited)

Series 27

		2018		2017		2019		2018

Income
Interest income	$	44,222	$	19,993	$	54,890	$	44,222
Other income		1,366		17,473		15,472		1,366

		45,588		37,466		70,362		45,588



Gain on Disposition of Operating Partnerships		-		3,291,567
Gain on disposition of Operating Partnerships (Note D)						856,766		-


Expenses
Professional fees		16,741		79,116		13,626		16,741
Fund management fee, net (Note C)		10,525		22,678		14,620		10,525
General and administrative expenses		14,511		13,797		80,756		14,511

		41,777		115,591		109,002		41,777


NET INCOME (LOSS)	$	3,811	$	3,213,442	$	818,126	$	3,811


Net income (loss) allocated to assignees	$	3,773	$	3,181,308	$	809,945	$	3,773


Net income (loss) allocated to general partner	$	38	$	32,134	$	8,181	$	38


Net income (loss) per BAC	$	.00	$	1.30	$	.33	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 28

		2018		2017		2019		2018

Income
Interest income	$	3,212	$	872	$	4,896	$	3,212
Other income		446		446		446		446

		3,658		1,318		5,342		3,658



Gain on Disposition of Operating Partnerships		8,500		-
Gain on disposition of Operating Partnerships (Note D)						73,248		8,500


Expenses
Professional fees		14,429		16,372		15,367		14,429
Fund management fee, net (Note C)		21,436		24,532		18,112		21,436
General and administrative expenses		17,418		16,815		24,182		17,418

		53,283		57,719		57,661		53,283


NET INCOME (LOSS)	$	(41,125)	$	(56,401)	$	20,929	$	(41,125)


Net income (loss) allocated to assignees	$	(40,714)	$	(55,837)	$	20,720	$	(40,714)


Net income (loss) allocated to general partner	$	(411)	$	(564)	$	209	$	(411)


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
Nine Months Ended December 31,
(Unaudited)

Series 29

		2018		2017		2019		2018

Income
Interest income	$	3,313	$	493	$	2,525	$	3,313
Other income		-		-		-		-

		3,313		493		2,525		3,313



Gain on Disposition of Operating Partnerships		123,094		-
Gain on disposition of Operating Partnerships (Note D)						-		123,094


Expenses
Professional fees		17,244		17,325		17,633		17,244
Fund management fee, net (Note C)		26,615		58,253		18,780		26,615
General and administrative expenses		18,184		17,560		23,452		18,184

		62,043		93,138		59,865		62,043


NET INCOME (LOSS)	$	64,364	$	(92,645)	$	(57,340)	$	64,364


Net income (loss) allocated to assignees	$	63,720	$	(91,719)	$	(56,767)	$	63,720


Net income (loss) allocated to general partner	$	644	$	(926)	$	(573)	$	644


Net income (loss) per BAC	$	.02	$	(.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
Nine Months Ended December 31,
(Unaudited)

Series 30

		2018		2017		2019		2018

Income
Interest income	$	2,269	$	700	$	-	$	2,269
Other income		2,049		1,243		-		2,049

		4,318		1,943		-		4,318



Gain on Disposition of Operating Partnerships		195,182		265,984
Gain on disposition of Operating Partnerships (Note D)						-		195,182


Expenses
Professional fees		18,592		15,688		-		18,592
Fund management fee, net (Note C)		18,242		(9,082)		-		18,242
General and administrative expenses		47,855		13,963		-		47,855

		84,689		20,569		-		84,689


NET INCOME (LOSS)	$	114,811	$	247,358	$	-	$	114,811


Net income (loss) allocated to assignees	$	113,663	$	244,884	$	-	$	113,663


Net income (loss) allocated to general partner	$	1,148	$	2,474	$	-	$	1,148


Net income (loss) per BAC	$	.04	$	.09	$	-	$	.04

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 31

		2018		2017		2019		2018

Income
Interest income	$	13,940	$	4,736	$	18,039	$	13,940
Other income		476		1,116		-		476

		14,416		5,852		18,039		14,416



Gain on Disposition of Operating Partnerships		105,794		45,000
Gain on disposition of Operating Partnerships (Note D)						619,800		105,794


Expenses
Professional fees		24,053		26,529		21,208		24,053
Fund management fee, net (Note C)		50,192		60,990		(66,518)		50,192
General and administrative expenses		17,848		17,307		63,777		17,848

		92,093		104,826		18,467		92,093


NET INCOME (LOSS)	$	28,117	$	(53,974)	$	619,372	$	28,117


Net income (loss) allocated to assignees	$	27,836	$	(53,434)	$	613,178	$	27,836


Net income (loss) allocated to general partner	$	281	$	(540)	$	6,194	$	281


Net income (loss) per BAC	$	.01	$	(.01)	$	.14	$	.01

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 32

		2018		2017		2019		2018

Income
Interest income	$	1,697	$	2,930	$	3,589	$	1,697
Other income		-		11,000		4,320		-

		1,697		13,930		7,909		1,697



Gain on Disposition of Operating Partnerships		487,880		1,677,252
Gain on disposition of Operating Partnerships (Note D)						159,553		487,880


Expenses
Professional fees		22,552		19,436		17,495		22,552
Fund management fee, net (Note C)		60,175		63,474		46,383		60,175
General and administrative expenses		18,395		21,626		25,817		18,395

		101,122		104,536		89,695		101,122


NET INCOME (LOSS)	$	388,455	$	1,586,646	$	77,767	$	388,455


Net income (loss) allocated to assignees	$	384,570	$	1,570,780	$	76,989	$	384,570


Net income (loss) allocated to general partner	$	3,885	$	15,866	$	778	$	3,885


Net income (loss) per BAC	$	.08	$	.33	$	.02	$	.08

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,

(Unaudited)

Series 33

		2018		2017		2019		2018

Income
Interest income	$	2,752	$	511	$	4,394	$	2,752
Other income		2,536		5,329		14,427		2,536

		5,288		5,840		18,821		5,288



Gain on Disposition of Operating Partnerships		-		67,454
Gain on disposition of Operating Partnerships (Note D)						1,469,594		-


Expenses
Professional fees		15,160		13,651		16,152		15,160
Fund management fee, net (Note C)		31,535		23,109		18,991		31,535
General and administrative expenses		14,004		13,345		18,704		14,004

		60,699		50,105		53,847		60,699


NET INCOME (LOSS)	$	(55,411)	$	23,189	$	1,434,568	$	(55,411)


Net income (loss) allocated to assignees	$	(54,857)	$	22,957	$	1,420,222	$	(54,857)


Net income (loss) allocated to general partner	$	(554)	$	232	$	14,346	$	(554)


Net income (loss) per BAC	$	(.02)	$	.01	$	.54	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 34

		2018		2017		2019		2018

Income
Interest income	$	1,984	$	1,448	$	3,992	$	1,984
Other income		1,539		1,539		2,100		1,539

		3,523		2,987		6,092		3,523



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						284,500		-


Expenses
Professional fees		13,519		17,291		14,045		13,519
Fund management fee, net (Note C)		32,897		32,897		30,617		32,897
General and administrative expenses		15,960		15,123		20,201		15,960

		62,376		65,311		64,863		62,376

NET INCOME (LOSS)	$	(58,853)	$	(62,324)	$	225,729	$	(58,853)


Net income (loss) allocated to assignees	$	(58,264)	$	(61,701)	$	223,472	$	(58,264)


Net income (loss) allocated to general partner	$	(589)	$	(623)	$	2,257	$	(589)


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 35

		2018		2017		2019		2018

Income
Interest income	$	25,453	$	9,031	$	34,037	$	25,453
Other income		-		2,818		5,963		-

		25,453		11,849		40,000		25,453



Gain on Disposition of Operating Partnerships		-		2,653,528
Gain on disposition of Operating Partnerships (Note D)						1,555,642		-


Expenses
Professional fees		18,579		16,632		13,305		18,579
Fund management fee, net (Note C)		18,759		39,956		25,535		18,759
General and administrative expenses		15,513		14,895		58,889		15,513

		52,851		71,483		97,729		52,851


NET INCOME (LOSS)	$	(27,398)	$	2,593,894	$	1,497,913	$	(27,398)


Net income (loss) allocated to assignees	$	(27,124)	$	2,567,955	$	1,482,934	$	(27,124)


Net income (loss) allocated to general partner	$	(274)	$	25,939	$	14,979	$	(274)


Net income (loss) per BAC	$	(.01)	$	.78	$	.45	$	(.01)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 36

		2018		2017		2019		2018

Income
Interest income	$	15,772	$	5,764	$	26,478	$	15,772
Other income		5,119		3,968		-		5,119

		20,891		9,732		26,478		20,891



Gain on Disposition of Operating Partnerships		253,104		-
Gain on disposition of Operating Partnerships (Note D)						581,982		253,104


Expenses
Professional fees		67,005		17,448		13,973		67,005
Fund management fee, net (Note C)		13,481		20,968		10,650		13,481
General and administrative expenses		12,954		12,507		56,198		12,954

		93,440		50,923		80,821		93,440


NET INCOME (LOSS)	$	180,555	$	(41,191)	$	527,639	$	180,555


Net income (loss) allocated to assignees	$	178,749	$	(40,779)	$	522,363	$	178,749


Net income (loss) allocated to general partner	$	1,806	$	(412)	$	5,276	$	1,806


Net income (loss) per BAC	$	.09	$	(.02)	$	.25	$	.09

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 37

		2018		2017		2019		2018

Income
Interest income	$	1,784	$	4,368	$	-	$	1,784
Other income		21,485		16,657		-		21,485

		23,269		21,025		-		23,269



Gain on Disposition of Operating Partnerships		1,062,375		140,415
Gain on disposition of Operating Partnerships (Note D)						-		1,062,375


Expenses
Professional fees		13,306		16,628		-		13,306
Fund management fee, net (Note C)		5,562		27,941		-		5,562
General and administrative expenses		50,977		12,567		-		50,977

		69,845		57,136		-		69,845


NET INCOME (LOSS)	$	1,015,799	$	104,304	$	-	$	1,015,799


Net income (loss) allocated to assignees	$	1,005,641	$	103,261	$	-	$	1,005,641


Net income (loss) allocated to general partner	$	10,158	$	1,043	$	-	$	10,158


Net income (loss) per BAC	$	.40	$	.04	$	-	$	.40

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 38

		2018		2017		2019		2018

Income
Interest income	$	5,374	$	6,938	$	19,192	$	5,374
Other income		70,202		17,566		5,700		70,202

		75,576		24,504		24,892		75,576



Gain on Disposition of Operating Partnerships		7,000		-
Gain on disposition of Operating Partnerships (Note D)						1,506,757		7,000


Expenses
Professional fees		13,675		18,459		14,670		13,675
Fund management fee, net (Note C)		42,396		44,002		19,065		42,396
General and administrative expenses		13,845		13,369		57,561		13,845

		69,916		75,830		91,296		69,916


NET INCOME (LOSS)	$	12,660	$	(51,326)	$	1,440,353	$	12,660


Net income (loss) allocated to assignees	$	12,533	$	(50,813)	$	1,425,949	$	12,533


Net income (loss) allocated to general partner	$	127	$	(513)	$	14,404	$	127


Net income (loss) per BAC	$	.00	$	(.02)	$	.56	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 39

		2018		2017		2019		2018

Income
Interest income	$	-	$	870	$	-	$	-
Other income		-		386		-		-

		-		1,256		-		-



Gain on Disposition of Operating Partnerships		-		17,779
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		-		19,295		-		-
Fund management fee, net (Note C)		-		5,130		-		-
General and administrative expenses		-		42,679		-		-

		-		67,104		-		-


NET INCOME (LOSS)	$	-	$	(48,069)	$	-	$	-


Net income (loss) allocated to assignees	$	-	$	(47,588)	$	-	$	-


Net income (loss) allocated to general partner	$	-	$	(481)	$	-	$	-


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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 40

		2018		2017		2019		2018

Income
Interest income	$	2,395	$	923	$	3,050	$	2,395
Other income		1,250		5,172		6,639		1,250

		3,645		6,095		9,689		3,645



Gain on Disposition of Operating Partnerships		44,500		588,952
Gain on disposition of Operating Partnerships (Note D)						2,962,474		44,500


Expenses
Professional fees		18,131		22,111		19,462		18,131
Fund management fee, net (Note C)		69,028		73,594		44,930		69,028
General and administrative expenses		14,594		13,758		62,999		14,594

		101,753		109,463		127,391		101,753


NET INCOME (LOSS)	$	(53,608)	$	485,584	$	2,844,772	$	(53,608)


Net income (loss) allocated to assignees	$	(53,072)	$	480,728	$	2,816,324	$	(53,072)


Net income (loss) allocated to general partner	$	(536)	$	4,856	$	28,448	$	(536)


Net income (loss) per BAC	$	(.02)	$	.18	$	1.08	$	(.02)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 41

		2018		2017		2019		2018

Income
Interest income	$	3,242	$	1,480	$	3,336	$	3,242
Other income		37,141		13,908		47,364		37,141

		40,383		15,388		50,700		40,383



Gain on Disposition of Operating Partnerships		14,000		782,887
Gain on disposition of Operating Partnerships (Note D)						1,250		14,000


Expenses
Professional fees		25,691		23,062		20,740		25,691
Fund management fee, net (Note C)		90,022		141,487		86,372		90,022
General and administrative expenses		16,069		17,027		19,687		16,069

		131,782		181,576		126,799		131,782


NET INCOME (LOSS)	$	(77,399)	$	616,699	$	(74,849)	$	(77,399)


Net income (loss) allocated to assignees	$	(76,625)	$	610,532	$	(74,101)	$	(76,625)


Net income (loss) allocated to general partner	$	(774)	$	6,167	$	(748)	$	(774)


Net income (loss) per BAC	$	(.03)	$	.21	$	(.03)	$	(.03)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 42

		2018		2017		2019		2018

Income
Interest income	$	11,761	$	6,138	$	15,076	$	11,761
Other income		20,325		15,960		23,303		20,325

		32,086		22,098		38,379		32,086



Gain on Disposition of Operating Partnerships		54,322		262,279
Gain on disposition of Operating Partnerships (Note D)						381,658		54,322

Expenses
Professional fees		23,325		20,336		28,275		23,325
Fund management fee, net (Note C)		56,827		113,842		69,314		56,827
General and administrative expenses		15,148		14,961		18,462		15,148

		95,300		149,139		116,051		95,300


NET INCOME (LOSS)	$	(8,892)	$	135,238	$	303,986	$	(8,892)


Net income (loss) allocated to assignees	$	(8,803)	$	133,886	$	300,946	$	(8,803)


Net income (loss) allocated to general partner	$	(89)	$	1,352	$	3,040	$	(89)


Net income (loss) per BAC	$	(.00)	$	.05	$	.11	$	(.00)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 43

		2018		2017		2019		2018

Income
Interest income	$	4,730	$	5,156	$	15,202	$	4,730
Other income		48,808		40,981		5,862		48,808

		53,538		46,137		21,064		53,538



Gain on Disposition of Operating Partnerships		75,520		225,500
Gain on disposition of Operating Partnerships (Note D)						1,277,506		75,520


Expenses
Professional fees		25,094		23,379		25,852		25,094
Fund management fee, net (Note C)		78,206		150,203		65,628		78,206
General and administrative expenses		17,735		17,057		21,455		17,735

		121,035		190,639		112,935		121,035


NET INCOME (LOSS)	$	8,023	$	80,998	$	1,185,635	$	8,023


Net income (loss) allocated to assignees	$	7,943	$	80,188	$	1,173,779	$	7,943


Net income (loss) allocated to general partner	$	80	$	810	$	11,856	$	80


Net income (loss) per BAC	$	.00	$	.02	$	.32	$	.00

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 44

		2018		2017		2019		2018

Income
Interest income	$	439	$	74	$	14,753	$	439
Other income		14,613		18,760		12,755		14,613

		15,052		18,834		27,508		15,052



Gain on Disposition of Operating Partnerships		-		-
Gain on disposition of Operating Partnerships (Note D)						2,921,325		-


Expenses
Professional fees		15,809		24,884		16,629		15,809
Fund management fee, net (Note C)		144,338		146,356		129,261		144,338
General and administrative expenses		14,879		14,015		18,256		14,879

		175,026		185,255		164,146		175,026


NET INCOME (LOSS)	$	(159,974)	$	(166,421)	$	2,784,687	$	(159,974)


Net income (loss) allocated to assignees	$	(158,374)	$	(164,757)	$	2,756,840	$	(158,374)


Net income (loss) allocated to general partner	$	(1,600)	$	(1,664)	$	27,847	$	(1,600)


Net income (loss) per BAC	$	(.06)	$	(.06)	$	1.03	$	(.06)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 45

		2018		2017		2019		2018

Income
Interest income	$	6,470	$	1,752	$	11,017	$	6,470
Other income		26,708		27,833		31,426		26,708

		33,178		29,585		42,443		33,178



Gain on Disposition of Operating Partnerships		342,500		-
Gain on disposition of Operating Partnerships (Note D)						100,448		342,500


Expenses
Professional fees		33,169		48,168		37,725		33,169
Fund management fee, net (Note C)		167,442		193,206		160,668		167,442
General and administrative expenses		20,368		19,978		26,294		20,368

		220,979		261,352		224,687		220,979


NET INCOME (LOSS)	$	154,699	$	(231,767)	$	(81,796)	$	154,699


Net income (loss) allocated to assignees	$	153,152	$	(229,449)	$	(80,978)	$	153,152

Net income (loss) allocated to general partner	$	1,547	$	(2,318)	$	(818)	$	1,547


Net income (loss) per BAC	$	.04	$	(.06)	$	(.02)	$	.04

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 46

		2018		2017		2019		2018

Income
Interest income	$	2,937	$	1,273	$	4,784	$	2,937
Other income		33,204		33,728		48,364		33,204

		36,141		35,001		53,148		36,141



Gain on Disposition of Operating Partnerships		-		10,994
Gain on disposition of Operating Partnerships (Note D)						-		-


Expenses
Professional fees		20,243		20,957		24,415		20,243
Fund management fee, net (Note C)		143,090		139,338		114,493		143,090
General and administrative expenses		16,582		15,645		20,573		16,582

		179,915		175,940		159,481		179,915


NET INCOME (LOSS)	$	(143,774)	$	(129,945)	$	(106,333)	$	(143,774)


Net income (loss) allocated to assignees	$	(142,336)	$	(128,646)	$	(105,270)	$	(142,336)


Net income (loss) allocated to general partner	$	(1,438)	$	(1,299)	$	(1,063)	$	(1,438)


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

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total

Partners' capital
(deficit)
April 1, 2018

$

2,931,035

$

(6,008,922)

$

(3,077,887)

Contributions

-

5,403,788

5,403,788

Distributions

(1,328,390)

(3,110)

(1,331,500)

Net income (loss)

1,291,810

13,049

1,304,859

Partners' capital
(deficit),
December 31, 2018

$

2,894,455

$

(595,195)

$

2,299,260

~~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)~~

~~Nine Months Ended December 31, 2018~~
~~(Unaudited)~~

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 20

Partners' capital (deficit) April 1, 2018	$	(882,456)	$	(320,280)	$	(1,202,736)	$	2,931,035	$		(6,008,922)	$	(3,077,887)

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


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

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

Net income (loss)								919,829			9,290		929,119


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

Contributions		-		1,073,757		1,073,757		-			5,403,788		5,403,788

Distributions		-		-		-		(1,020,537)			-		(1,020,537)

Net income (loss)		127,689		1,290		128,979		(184,925)			(1,867)		(186,792)


Partners' capital (deficit), December 31, 2018	$	(754,767)	$	754,767	$	-	$	2,894,455		$	(595,195)	$	2,299,260

Assignees

General
Partner

Total
Series 21

Partners' capital
(deficit)
April 1, 2018

$

(898,231)

$

898,231

$

-

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

-

-

-

Partners' capital
(deficit),
December 31, 2018

$

(898,231)

$

898,231

$

-

Assignees

General
Partner

Total
Series 22

Partners' capital
(deficit)
April 1, 2018

$

(2,410,599)

$

(245,646)

$

(2,656,245)

Contributions

-

2,694,389

2,694,389

Distributions

-

-

-

Net income (loss)

(37,763)

(381)

(38,144)

Partners' capital
(deficit),
December 31, 2018

$

(2,448,362)

$

2,448,362

$

-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 23

Partners' capital
(deficit)
April 1, 2018

$

(197,532)

$

(289,719)

$

(487,251)

Contributions

-

514,253

514,253

Distributions

-

-

-

Net income (loss)
(26,732)
(270)
(27,002)

Partners' capital
(deficit),
December 31, 2018

$

(224,264)

$

224,264

$

-

		Assignees			General Partner		Total


Partners' capital (deficit) April 1, 2019	$	3,656,782	$		(587,493)	$	3,069,289

Net income (loss)		4,653,296			47,004		4,700,300


Partners' capital (deficit), June 30, 2019		8,310,078			(540,489)		7,769,589

Net income (loss)		6,316,810			63,803		6,380,613


Partners' capital (deficit), September 30, 2019		14,626,888			(476,686)		14,150,202

Distributions		(23,157,854)			-		(23,157,854)

Net income (loss)		2,567,946			25,942		2,593,888


Partners' capital (deficit), December 31, 2019	$	(5,963,020)		$	(450,744)	$	(6,413,764)

Assignees

General
Partner

Total
Series 24

Partners' capital
(deficit)
April 1, 2018

$

623,279

$

(174,767)

$

448,512

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(33,543)

(339)

(33,882)

Partners' capital
(deficit),
December 31, 2018

$

589,736

$

(175,106)

$

414,630

Assignees

General
Partner

Total
Series 25

Partners' capital
(deficit)
April 1, 2018

$

219,815

$

(219,815)

$

-

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

-

-

-

Partners' capital
(deficit),
December 31, 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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 26
Series 20
Partners' capital (deficit) April 1, 2018	$	954,178	$	(311,920)	$	642,258	$	(882,456)	$		(320,280)	$	(1,202,736)

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


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

Distributions								-			-		-

Net income (loss)								(10,751)			(109)		(10,860)


Partners' capital (deficit), September 30, 2018								(755,036)			(318,993)		(1,074,029)

Contributions		-		-		-		-			1,073,757		1,073,757

Distributions		-		-		-		-			-		-

Net income (loss)		(69,252)		(700)		(69,952)		269			3		272


Partners' capital (deficit), December 31, 2018	$	884,926	$	(312,620)	$	572,306	$	(754,767)		$	754,767	$	-

Assignees

General
Partner

Total
Series 27

Partners' capital
(deficit)
April 1, 2018

$

6,938,381

$

(138,448)

$

6,799,933

Contributions

-

-

-

Distributions

(307,853)

(3,110)

(310,963)

Net income (loss)

3,773

38

3,811

Partners' capital
(deficit),
December 31, 2018

$

6,634,301

$

(141,520)

$

6,492,781

Assignees

General
Partner

Total
Series 28

Partners' capital
(deficit)
April 1, 2018

$

1,016,975

$

(274,411)

$

742,564

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(40,714)

(411)

(41,125)

Partners' capital
(deficit),
December 31, 2018

$

976,261

$

(274,822)

$

701,439

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 29

Partners' capital
(deficit)
April 1, 2018

$

(2,570,004)

$

(368,028)

$

(2,938,032)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

63,720

644

64,364

Partners' capital
(deficit),
December 31, 2018

$

(2,506,284)

$

(367,384)

$

(2,873,668)

		Assignees			General Partner		Total

Series 20
Partners' capital (deficit) April 1, 2019	$	(754,767)	$		754,767	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		(754,767)			754,767		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		(754,767)			754,767		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	(754,767)		$	754,767	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 30
Series 21
Partners' capital (deficit) April 1, 2018	$	(996,782)	$	(239,418)	$	(1,236,200)	$	(898,231)	$		898,231	$	-

Net income (loss)								-			-		-


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

Distributions								-			-		-

Net income (loss)								-			-		-


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

Contributions		-		1,121,389		1,121,389		-			-		-

Distributions		-		-		-		-			-		-

Net income (loss)		113,663		1,148		114,811		-			-		-


Partners' capital (deficit), December 31, 2018	$	(883,119)	$	883,119	$	-	$	(898,231)		$	898,231	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 31

Partners' capital
(deficit)
April 1, 2018

$

2,290,341

$

(359,955)

$

1,930,386

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

27,836

281

28,117

Partners' capital
(deficit),
December 31, 2018

$

2,318,177

$

(359,674)

$

1,958,503

		Assignees			General Partner		Total

Series 21
Partners' capital (deficit) April 1, 2019	$	(898,231)	$		898,231	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		(898,231)			898,231		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		(898,231)			898,231		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	(898,231)		$	898,231	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(13,714)			(139)		(13,853)


Partners' capital (deficit), September 30, 2018		(2,442,370)			(245,967)		(2,688,337)

Contributions		-			2,694,389		2,694,389

Distributions		-			-		-

Net income (loss)		(5,992)			(60)		(6,052)


Partners' capital (deficit), December 31, 2018	$	(2,448,362)		$	2,448,362	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 22
Partners' capital (deficit) April 1, 2019	$	(2,448,362)	$		2,448,362	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		(2,448,362)			2,448,362		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		(2,448,362)			2,448,362		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	(2,448,362)		$	2,448,362	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(11,499)			(116)		(11,615)


Partners' capital (deficit), September 30, 2018		(222,718)			(289,973)		(512,691)

Contributions		-			514,253		514,253

Distributions		-			-		-

Net income (loss)		(1,546)			(16)		(1,562)


Partners' capital (deficit), December 31, 2018	$	(224,264)		$	224,264	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 23
Partners' capital (deficit) April 1, 2019	$	(224,264)	$		224,264	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		(224,264)			224,264		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		(224,264)			224,264		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	(224,264)		$	224,264	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(16,182)			(164)		(16,346)


Partners' capital (deficit), September 30, 2018		582,022			(175,184)		406,838

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		7,714			78		7,792


Partners' capital (deficit), December 31, 2018	$	589,736		$	(175,106)	$	414,630

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 24
Partners' capital (deficit) April 1, 2019	$	577,250	$		(175,232)	$	402,018

Net income (loss)		(10,805)			(109)		(10,914)


Partners' capital (deficit), June 30, 2019		566,445			(175,341)		391,104

Net income (loss)		(28,624)			(289)		(28,913)


Partners' capital (deficit), September 30, 2019		537,821			(175,630)		362,191

Distributions		(584,813)			-		(584,813)

Net income (loss)		220,396			2,226		222,622


Partners' capital (deficit), December 31, 2019	$	173,404		$	(173,404)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

Net income (loss)		-			-		-


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

Distributions		-			-		-

Net income (loss)		-			-		-


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

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 25
Partners' capital (deficit) April 1, 2019	$	219,815	$		(219,815)	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		219,815			(219,815)		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		219,815			(219,815)		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(22,090)			(224)		(22,314)


Partners' capital (deficit), September 30, 2018		907,103			(312,396)		594,707

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(22,177)			(224)		(22,401)


Partners' capital (deficit), December 31, 2018	$	884,926		$	(312,620)	$	572,306

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 26
Partners' capital (deficit) April 1, 2019	$	867,237	$		(312,798)	$	554,439

Net income (loss)		(18,671)			(189)		(18,860)


Partners' capital (deficit), June 30, 2019		848,566			(312,987)		535,579

Net income (loss)		(36,935)			(373)		(37,308)


Partners' capital (deficit), September 30, 2019		811,631			(313,360)		498,271

Distributions		-			-		-

Net income (loss)		86,146			870		87,016


Partners' capital (deficit), December 31, 2019	$	897,777		$	(312,490)	$	585,287

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

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

Net income (loss)		952			10		962


Partners' capital (deficit), September 30, 2018		6,621,226			(141,652)		6,479,574

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		13,075			132		13,207


Partners' capital (deficit), December 31, 2018	$	6,634,301		$	(141,520)	$	6,492,781

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 27
Partners' capital (deficit) April 1, 2019	$	6,641,679	$		(141,445)	$	6,500,234

Net income (loss)		9,459			96		9,555


Partners' capital (deficit), June 30, 2019		6,651,138			(141,349)		6,509,789

Net income (loss)		783,372			7,912		791,284


Partners' capital (deficit), September 30, 2019		7,434,510			(133,437)		7,301,073

Distributions		(7,318,360)			-		(7,318,360)

Net income (loss)		17,114			173		17,287


Partners' capital (deficit), December 31, 2019	$	133,264		$	(133,264)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(14,813)			(149)		(14,962)


Partners' capital (deficit), September 30, 2018		990,718			(274,676)		716,042

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(14,457)			(146)		(14,603)


Partners' capital (deficit), December 31, 2018	$	976,261		$	(274,822)	$	701,439

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 28
Partners' capital (deficit) April 1, 2019	$	965,536	$		(274,931)	$	690,605

Net income (loss)		(10,566)			(107)		(10,673)


Partners' capital (deficit), June 30, 2019		954,970			(275,038)		679,932

Net income (loss)		(19,592)			(198)		(19,790)


Partners' capital (deficit), September 30, 2019		935,378			(275,236)		660,142

Distributions		-			-		-

Net income (loss)		50,878			514		51,392


Partners' capital (deficit), December 31, 2019	$	986,256		$	(274,722)	$	711,534

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(15,234)			(154)		(15,388)


Partners' capital (deficit), September 30, 2018		(2,494,188)			(367,262)		(2,861,450)

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(12,096)			(122)		(12,218)


Partners' capital (deficit), December 31, 2018	$	(2,506,284)		$	(367,384)	$	(2,873,668)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 29
Partners' capital (deficit) April 1, 2019	$	(2,513,222)	$		(367,454)	$	(2,880,676)

Net income (loss)		(12,894)			(130)		(13,024)


Partners' capital (deficit), June 30, 2019		(2,526,116)			(367,584)		(2,893,700)

Net income (loss)		(28,826)			(291)		(29,117)


Partners' capital (deficit), September 30, 2019		(2,554,942)			(367,875)		(2,922,817)

Distributions		-			-		-

Net income (loss)		(15,047)			(152)		(15,199)


Partners' capital (deficit), December 31, 2019	$	(2,569,989)		$	(368,027)	$	(2,938,016)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		2,720			27		2,747


Partners' capital (deficit), September 30, 2018		(990,026)			(239,350)		(1,229,376)

Contributions		-			1,121,389		1,121,389

Distributions		-			-		-

Net income (loss)		106,907			1,080		107,987


Partners' capital (deficit), December 31, 2018	$	(883,119)		$	883,119	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 30
Partners' capital (deficit) April 1, 2019	$	(883,119)	$		883,119	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		(883,119)			883,119		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		(883,119)			883,119		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	(883,119)		$	883,119	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		40,467			409		40,876


Partners' capital (deficit), September 30, 2018		2,306,283			(359,794)		1,946,489

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		11,894			120		12,014


Partners' capital (deficit), December 31, 2018	$	2,318,177		$	(359,674)	$	1,958,503

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 31
Partners' capital (deficit) April 1, 2019	$	2,313,293	$		(359,723)	$	1,953,570

Net income (loss)		637,611			6,441		644,052


Partners' capital (deficit), June 30, 2019		2,950,904			(353,282)		2,597,622

Net income (loss)		10,751			108		10,859


Partners' capital (deficit), September 30, 2019		2,961,655			(353,174)		2,608,481

Distributions		(2,572,942)			-		(2,572,942)

Net income (loss)		(35,184)			(355)		(35,539)


Partners' capital (deficit), December 31, 2019	$	353,529		$	(353,529)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(28,207)			(285)		(28,492)


Partners' capital (deficit), September 30, 2018		464,182			(405,779)		58,403

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(32,092)			(324)		(32,416)


Partners' capital (deficit), December 31, 2018	$	432,090		$	(406,103)	$	25,987

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 32
Partners' capital (deficit) April 1, 2018	$	47,520	$	(409,988)	$	(362,468)
Partners' capital (deficit) April 1, 2019							$	458,311	$		(405,839)	$	52,472

Contributions		-		-		-
Net income (loss)								(13,632)			(138)		(13,770)


Partners' capital (deficit), June 30, 2019								444,679			(405,977)		38,702

Net income (loss)								(37,243)			(376)		(37,619)


Partners' capital (deficit), September 30, 2019								407,436			(406,353)		1,083

Distributions		-		-		-		-			-		-

Net income (loss)		384,570		3,885		388,455		127,864			1,292		129,156


Partners' capital (deficit), December 31, 2018	$	432,090	$	(406,103)	$	25,987
Partners' capital (deficit), December 31, 2019							$	535,300		$	(405,061)	$	130,239

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

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

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


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

Distributions								-			-		-

Net income (loss)								(13,135)			(133)		(13,268)


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

Contributions		-		-		-		-			-		-

Distributions		-		-		-		-			-		-

Net income (loss)		(54,857)		(554)		(55,411)		(14,574)			(147)		(14,721)


Partners' capital (deficit), December 31, 2018	$	(621,990)	$	(234,343)	$	(856,333)	$	(621,990)		$	(234,343)	$	(856,333)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 34

Partners' capital
(deficit)
April 1, 2018

$

(2,120,686)

$

(324,845)

$

(2,445,531)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(58,264)

(589)

(58,853)

Partners' capital
(deficit),
December 31, 2018

$

(2,178,950)

$

(325,434)

$

(2,504,384)

		Assignees			General Partner		Total

Series 33
Partners' capital (deficit) April 1, 2019	$	(628,268)	$		(234,407)	$	(862,675)

Net income (loss)		(1,411)			(14)		(1,425)


Partners' capital (deficit), June 30, 2019		(629,679)			(234,421)		(864,100)

Net income (loss)		1,410,280			14,245		1,424,525


Partners' capital (deficit), September 30, 2019		780,601			(220,176)		560,425

Distributions		-			-		-

Net income (loss)		11,353			115		11,468


Partners' capital (deficit), December 31, 2019	$	791,954		$	(220,061)	$	571,893

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(14,130)			(142)		(14,272)


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

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(19,029)			(193)		(19,222)


Partners' capital (deficit), December 31, 2018	$	(2,178,950)		$	(325,434)	$	(2,504,384)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 35

Partners' capital
(deficit)
April 1, 2018

$

4,666,048

$

(237,742)

$

4,428,306

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(27,124)

(274)

(27,398)

Partners' capital
(deficit),
December 31, 2018

$

4,638,924

$

(238,016)

$

4,400,908

		Assignees			General Partner		Total

Series 34
Partners' capital (deficit) April 1, 2019	$	(2,186,040)	$		(325,505)	$	(2,511,545)

Net income (loss)		(14,495)			(146)		(14,641)


Partners' capital (deficit), June 30, 2019		(2,200,535)			(325,651)		(2,526,186)

Net income (loss)		228,405			2,307		230,712


Partners' capital (deficit), September 30, 2019		(1,972,130)			(323,344)		(2,295,474)

Distributions		-			-		-

Net income (loss)		9,562			96		9,658


Partners' capital (deficit), December 31, 2019	$	(1,962,568)		$	(323,248)	$	(2,285,816)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 36
Series 35
Partners' capital (deficit) April 1, 2018	$	2,133,963	$	(158,913)	$	1,975,050	$	4,666,048	$		(237,742)	$	4,428,306

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


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

Distributions								-			-		-

Net income (loss)								(3,715)			(37)		(3,752)


Partners' capital (deficit), September 30, 2018								4,645,929			(237,945)		4,407,984

Contributions		-		-		-		-			-		-

Distributions		-		-		-		-			-		-

Net income (loss)		178,749		1,806		180,555		(7,005)			(71)		(7,076)


Partners' capital (deficit), December 31, 2018	$	2,312,712	$	(157,107)	$	2,155,605	$	4,638,924		$	(238,016)	$	4,400,908

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 37

Partners' capital
(deficit)
April 1, 2018

$

220,255

$

(215,517)

$

4,738
Contributions

-

-

-

Distributions

(1,020,537)

-

(1,020,537)

Net income (loss)

1,005,641

10,158

1,015,799

Partners' capital
(deficit),
December 31, 2018

$

205,359

$

(205,359)

$

-

		Assignees			General Partner		Total

Series 35
Partners' capital (deficit) April 1, 2019	$	4,633,841	$		(238,067)	$	4,395,774

Net income (loss)		2,654			27		2,681


Partners' capital (deficit), June 30, 2019		4,636,495			(238,040)		4,398,455

Net income (loss)		128,814			1,301		130,115


Partners' capital (deficit), September 30, 2019		4,765,309			(236,739)		4,528,570

Distributions		(5,893,687)			-		(5,893,687)

Net income (loss)		1,351,466			13,651		1,365,117


Partners' capital (deficit), December 31, 2019	$	223,088		$	(223,088)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		223,661			2,259		225,920


Partners' capital (deficit), September 30, 2018		2,314,533			(157,089)		2,157,444

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(1,821)			(18)		(1,839)


Partners' capital (deficit), December 31, 2018	$	2,312,712		$	(157,107)	$	2,155,605

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 36
Partners' capital (deficit) April 1, 2019	$	2,670,150	$		(153,497)	$	2,516,653

Net income (loss)		470,864			4,756		475,620


Partners' capital (deficit), June 30, 2019		3,141,014			(148,741)		2,992,273

Net income (loss)		(10,244)			(103)		(10,347)


Partners' capital (deficit), September 30, 2019		3,130,770			(148,844)		2,981,926

Distributions		(3,044,292)			-		(3,044,292)

Net income (loss)		61,743			623		62,366


Partners' capital (deficit), December 31, 2019	$	148,221		$	(148,221)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		996,633			10,067		1,006,700


Partners' capital (deficit), September 30, 2018		1,224,370			(205,374)		1,018,996

Contributions		-			-		-

Distributions		(1,020,537)			-		(1,020,537)

Net income (loss)		1,526			15		1,541


Partners' capital (deficit), December 31, 2018	$	205,359		$	(205,359)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 38

Partners' capital
(deficit)
April 1, 2018

$

1,677,456

$

(203,545)

$

1,473,911
Contributions
-
-
-
Distributions
-
-
-
Net income (loss)
12,533
127
12,660
Partners' capital
(deficit),
December 31, 2018

$

1,689,989

$

(203,418)

$

1,486,571

		Assignees			General Partner		Total

Series 37
Partners' capital (deficit) April 1, 2019	$	205,359	$		(205,359)	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		205,359			(205,359)		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		205,359			(205,359)		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	205,359		$	(205,359)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 39
Series 38
Partners' capital (deficit) April 1, 2018	$	196,043	$	(196,043)	$	-	$	1,677,456	$		(203,545)	$	1,473,911

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


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

Distributions								-			-		-

Net income (loss)								1,373			14		1,387


Partners' capital (deficit), September 30, 2018								1,685,871			(203,460)		1,482,411

Contributions		-		-		-		-			-		-

Distributions		-		-		-		-			-		-

Net income (loss)		-		-		-		4,118			42		4,160


Partners' capital (deficit), December 31, 2018	$	196,043	$	(196,043)	$	-	$	1,689,989		$	(203,418)	$	1,486,571

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 40

Partners' capital
(deficit)
April 1, 2018

$

(1,737,068)

$

(244,762)

$

(1,981,830)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(53,072)

(536)

(53,608)

Partners' capital
(deficit),
December 31, 2018

$

(1,790,140)

$

(245,298)

$

(2,035,438)

		Assignees			General Partner		Total

Series 38
Partners' capital (deficit) April 1, 2019	$	1,702,399	$		(203,293)	$	1,499,106

Net income (loss)		1,430,812			14,453		1,445,265


Partners' capital (deficit), June 30, 2019		3,133,211			(188,840)		2,944,371

Net income (loss)		(3,196)			(33)		(3,229)


Partners' capital (deficit), September 30, 2019		3,130,015			(188,873)		2,941,142

Distributions		(2,939,459)			-		(2,939,459)

Net income (loss)		(1,667)			(16)		(1,683)


Partners' capital (deficit), December 31, 2019	$	188,889		$	(188,889)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

Net income (loss)		-			-		-


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

Distributions		-			-		-

Net income (loss)		-			-		-


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

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2018	$	196,043		$	(196,043)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 39
Partners' capital (deficit) April 1, 2019	$	196,043	$		(196,043)	$	-

Net income (loss)		-			-		-


Partners' capital (deficit), June 30, 2019		196,043			(196,043)		-

Net income (loss)		-			-		-


Partners' capital (deficit), September 30, 2019		196,043			(196,043)		-

Distributions		-			-		-

Net income (loss)		-			-		-


Partners' capital (deficit), December 31, 2019	$	196,043		$	(196,043)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		17,108			172		17,280


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

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(28,858)			(291)		(29,149)


Partners' capital (deficit), December 31, 2018	$	(1,790,140)		$	(245,298)	$	(2,035,438)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 41

Partners' capital
(deficit)
April 1, 2018

$

(1,881,761)

$

(270,693)

$

(2,152,454)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(76,625)

(774)

(77,399)

Partners' capital
(deficit),
December 31, 2018

$

(1,958,386)

$

(271,467)

$

(2,229,853)

		Assignees			General Partner		Total

Series 40
Partners' capital (deficit) April 1, 2019	$	(1,795,123)	$		(245,348)	$	(2,040,471)

Net income (loss)		(17,925)			(181)		(18,106)


Partners' capital (deficit), June 30, 2019		(1,813,048)			(245,529)		(2,058,577)

Net income (loss)		2,493,362			25,185		2,518,547


Partners' capital (deficit), September 30, 2019		680,314			(220,344)		459,970

Distributions		(804,301)			-		(804,301)

Net income (loss)		340,887			3,444		344,331


Partners' capital (deficit), December 31, 2019	$	216,900		$	(216,900)	$	-

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees		General Partner		Total		Assignees			General Partner		Total

Series 42
Series 41
Partners' capital (deficit) April 1, 2018	$	1,565,620	$	(227,557)	$	1,338,063	$	(1,881,761)	$		(270,693)	$	(2,152,454)

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


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

Distributions								-			-		-

Net income (loss)								(45,743)			(462)		(46,205)


Partners' capital (deficit), September 30, 2018								(1,919,950)			(271,079)		(2,191,029)

Contributions		-		-		-		-			-		-

Distributions		-		-		-		-			-		-

Net income (loss)		(8,803)		(89)		(8,892)		(38,436)			(388)		(38,824)


Partners' capital (deficit), December 31, 2018	$	1,556,817	$	(227,646)	$	1,329,171	$	(1,958,386)		$	(271,467)	$	(2,229,853)

Assignees

General
Partner

Total
Series 43

Partners' capital
(deficit)
April 1, 2018

$

235,085

$

(322,394)

$

(87,309)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

7,943

80

8,023

Partners' capital
(deficit),
December 31, 2018

$

243,028

$

(322,314)

$

(79,286)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Assignees

General
Partner

Total
Series 44

Partners' capital
(deficit)
April 1, 2018

$

(2,481,212)

$

(264,909)

$

(2,746,121)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(158,374)

(1,600)

(159,974)

Partners' capital
(deficit),
December 31, 2018

$

(2,639,586)

$

(266,509)

$

(2,906,095)

Assignees

General
Partner

Total
Series 45

Partners' capital
(deficit)
April 1, 2018

$

(1,985,417)

$

(377,289)

$

(2,362,706)

Contributions
-
-
-
Distributions
-
-
-
Net income (loss)
153,152
1,547
154,699

Partners' capital
(deficit),
December 31, 2018

$

(1,832,265)

$

(375,742)

$

(2,208,007)

Assignees

General
Partner

Total
Series 46

Partners' capital
(deficit)
April 1, 2018

$

(1,125,043)

$

(276,760)

$

(1,401,803)

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(142,336)

(1,438)

(143,774)

Partners' capital
(deficit),
December 31, 2018

$

(1,267,379)

$

(278,198)

$

(1,545,577)

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

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

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Nine Months Ended December 31,~~
~~(Unaudited)~~

2018

2017
Cash flows from operating activities:

Net income (loss)
$
1,304,859
$
9,020,023
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

(3,086,786)

(11,305,952)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

987,419

(46,259)
Decrease (Increase) in other
   assets

-

1,285
(Decrease) Increase in accounts
   payable affiliates

(4,368,397)

(6,979,847)
Net cash (used in) provided by
operating activities

(5,162,905)

(9,310,750)
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

(19,011)
Proceeds from the disposition of     Operating Partnerships

2,954,134

11,061,047
Net cash (used in) provided by
investing activities

2,954,134

11,042,036
Cash flows from financing activities:
Distributions
(1,331,500)
(420,163)
Net cash used in
financing activities

(1,331,500)

(420,163)
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(3,540,271)

1,311,123
Cash and cash equivalents, beginning

27,208,717

27,209,997
Cash and cash equivalents, ending
$
23,668,446
$
28,521,120

		Assignees			General Partner		Total

Series 41
Partners' capital (deficit) April 1, 2019	$	(1,995,553)	$		(271,842)	$	(2,267,395)

Net income (loss)		20,414			206		20,620


Partners' capital (deficit), June 30, 2019		(1,975,139)			(271,636)		(2,246,775)

Net income (loss)		(53,774)			(543)		(54,317)


Partners' capital (deficit), September 30, 2019		(2,028,913)			(272,179)		(2,301,092)

Distributions		-			-		-

Net income (loss)		(40,741)			(411)		(41,152)


Partners' capital (deficit), December 31, 2019	$	(2,069,654)		$	(272,590)	$	(2,342,244)

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

5,403,788

$

1,070,891

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

127,351

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

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

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Nine Months Ended December 31,~~
~~(Unaudited)~~

~~Series 20~~

2018

2017
Cash flows from operating activities:

Net income (loss)
$
128,979
$
(3,202)
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

(197,337)

(42,000)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

-

2,000
Decrease (Increase) in other
   assets

-

-
(Decrease) Increase in accounts
   payable affiliates

(370,966)

16,607
Net cash (used in) provided by
operating activities

(439,324)

(26,595)
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

-
Proceeds from the disposition of     Operating Partnerships

197,337

42,000
Net cash (used in) provided by
investing activities

197,337

42,000
Cash flows from financing activities:
Distributions
-
-
Net cash used in
financing activities

-

-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(241,987)

15,405
Cash and cash equivalents, beginning

241,987

271,060
Cash and cash equivalents, ending
$
-
$
286,465

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

1,073,757

$

-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF ~~CASH FLOWS~~CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

~~Series 21~~

2018

2017
Cash flows from operating activities:
Net income (loss)
$
-
$
9,244
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

-

(67,000)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

-

-
Decrease (Increase) in other
   assets

-

-
(Decrease) Increase in accounts
   payable affiliates

-

(250,346)
Net cash (used in) provided by
operating activities

-

(308,102)
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

-
Proceeds from the disposition of     Operating Partnerships

-

67,000
Net cash (used in) provided by
investing activities

-

67,000
Cash flows from financing activities:
Distributions
-
-
Net cash used in
financing activities

-

-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

-

(241,102)
Cash and cash equivalents, beginning

-

241,102
Cash and cash equivalents, ending
$
-
$
-

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		22,769			230		22,999


Partners' capital (deficit), September 30, 2018		1,557,241			(227,642)		1,329,599

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(424)			(4)		(428)


Partners' capital (deficit), December 31, 2018	$	1,556,817		$	(227,646)	$	1,329,171

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

-

$

1,070,891

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF ~~CASH FLOWS~~CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

~~Series 22~~

2018

2017
Cash flows from operating activities:

Net income (loss)
$
(38,144)
$
(48,307)
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

(38,000)

-
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

-

-
Decrease (Increase) in other
   assets

-

-
(Decrease) Increase in accounts
   payable affiliates

(183,720)

21,909
Net cash (used in) provided by
operating activities

(259,864)

(26,398)
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

-
Proceeds from the disposition of     Operating Partnerships

38,000

-
Net cash (used in) provided by
investing activities

38,000

-
Cash flows from financing activities:

Distributions

-

-
Net cash used in
financing activities

-

-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(221,864)

(26,398)
Cash and cash equivalents, beginning

221,864

252,064
Cash and cash equivalents, ending
$
-
$
225,666

		Assignees			General Partner		Total

Series 42
Partners' capital (deficit) April 1, 2019	$	1,539,351	$		(227,822)	$	1,311,529

Net income (loss)		(17,964)			(181)		(18,145)


Partners' capital (deficit), June 30, 2019		1,521,387			(228,003)		1,293,384

Net income (loss)		(40,306)			(408)		(40,714)


Partners' capital (deficit), September 30, 2019		1,481,081			(228,411)		1,252,670

Distributions		-			-		-

Net income (loss)		359,216			3,629		362,845


Partners' capital (deficit), December 31, 2019	$	1,840,297		$	(224,782)	$	1,615,515

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

2,694,389

$

-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

-

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(52,100)			(526)		(52,626)


Partners' capital (deficit), September 30, 2018		190,232			(322,847)		(132,615)

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		52,796			533		53,329


Partners' capital (deficit), December 31, 2018	$	243,028		$	(322,314)	$	(79,286)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 43
Partners' capital (deficit) April 1, 2019	$	565,339	$		(319,058)	$	246,281

Net income (loss)		1,021,105			10,314		1,031,419


Partners' capital (deficit), June 30, 2019		1,586,444			(308,744)		1,277,700

Net income (loss)		153,857			1,554		155,411


Partners' capital (deficit), September 30, 2019		1,740,301			(307,190)		1,433,111

Distributions		-			-		-

Net income (loss)		(1,183)			(12)		(1,195)


Partners' capital (deficit), December 31, 2019	$	1,739,118		$	(307,202)	$	1,431,916

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(39,975)			(403)		(40,378)


Partners' capital (deficit), September 30, 2018		(2,580,447)			(265,911)		(2,846,358)

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(59,139)			(598)		(59,737)


Partners' capital (deficit), December 31, 2018	$	(2,639,586)		$	(266,509)	$	(2,906,095)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 44
Partners' capital (deficit) April 1, 2019	$	(2,696,719)	$		(267,086)	$	(2,963,805)

Net income (loss)		1,231,769			12,442		1,244,211


Partners' capital (deficit), June 30, 2019		(1,464,950)			(254,644)		(1,719,594)

Net income (loss)		1,503,747			15,189		1,518,936


Partners' capital (deficit), September 30, 2019		38,797			(239,455)		(200,658)

Distributions		-			-		-

Net income (loss)		21,324			216		21,540


Partners' capital (deficit), December 31, 2019	$	60,121		$	(239,239)	$	(179,118)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(52,877)			(534)		(53,411)


Partners' capital (deficit), September 30, 2018		(1,762,439)			(375,037)		(2,137,476)

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(69,826)			(705)		(70,531)


Partners' capital (deficit), December 31, 2018	$	(1,832,265)		$	(375,742)	$	(2,208,007)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 45
Partners' capital (deficit) April 1, 2019	$	(1,577,434)	$		(373,168)	$	(1,950,602)

Net income (loss)		(30,476)			(308)		(30,784)


Partners' capital (deficit), June 30, 2019		(1,607,910)			(373,476)		(1,981,386)

Net income (loss)		(85,473)			(863)		(86,336)


Partners' capital (deficit), September 30, 2019		(1,693,383)			(374,339)		(2,067,722)

Distributions		-			-		-

Net income (loss)		34,971			353		35,324


Partners' capital (deficit), December 31, 2019	$	(1,658,412)		$	(373,986)	$	(2,032,398)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

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

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


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

Distributions		-			-		-

Net income (loss)		(31,689)			(321)		(32,010)


Partners' capital (deficit), September 30, 2018		(1,211,627)			(277,635)		(1,489,262)

Contributions		-			-		-

Distributions		-			-		-

Net income (loss)		(55,752)			(563)		(56,315)


Partners' capital (deficit), December 31, 2018	$	(1,267,379)		$	(278,198)	$	(1,545,577)

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)

Nine Months Ended December 31, 2019 and 2018
(Unaudited)

		Assignees			General Partner		Total

Series 46
Partners' capital (deficit) April 1, 2019	$	(1,297,719)	$		(278,504)	$	(1,576,223)

Net income (loss)		(22,553)			(228)		(22,781)


Partners' capital (deficit), June 30, 2019		(1,320,272)			(278,732)		(1,599,004)

Net income (loss)		(51,565)			(521)		(52,086)


Partners' capital (deficit), September 30, 2019		(1,371,837)			(279,253)		(1,651,090)

Distributions		-			-		-

Net income (loss)		(31,152)			(314)		(31,466)


Partners' capital (deficit), December 31, 2019	$	(1,402,989)		$	(279,567)	$	(1,682,556)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

~~Series 23~~

			2019		2018


Cash flows from operating activities:

Net income (loss)		$	13,674,801	$	1,304,859
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships			(15,140,452)		(3,086,786)
Changes in assets and liabilities
Increase in other assets			(9,500)		-
(Decrease) Increase in accounts payable and accrued expenses			(2,893)		987,419
(Decrease) Increase in accounts payable affiliates			(3,193,914)		(4,368,397)


Net cash (used in) provided by operating activities			(4,671,958)		(5,162,905)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships			15,124,797		2,954,134


Net cash provided by investing activities			15,124,797		2,954,134

			-		-
Cash flows from financing activities:
Distributions			(23,157,854)		(1,331,500)


Net cash used in financing activities			(23,157,854)		(1,331,500)


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(12,705,015)		(3,540,271)


Cash and cash equivalents, beginning			22,926,529		27,208,717


Cash and cash equivalents, ending		$	10,221,514	$	23,668,446





Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	5,403,788


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	25,000	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 20

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(27,002)	$	951,455	$	-	$	128,979
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(43,500)		(989,962)
Gain on disposition of Operating Partnerships						-		(197,337)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(419,134)		(471,882)		-		(370,966)

Net cash (used in) provided by operating activities		(489,636)		(510,389)		-		(439,324)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		43,500		989,962		-		197,337

Net cash (used in) provided by investing activities		43,500		989,962
Net cash provided by investing activities						-		197,337

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(446,136)		479,573		-		(241,987)

Cash and cash equivalents, beginning		446,136		659,167		-		241,987

Cash and cash equivalents, ending	$	-	$	1,138,740	$	-	$	-

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

514,253

$

-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	1,073,757


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

~~CONDENSED~~ STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 2421

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(33,882)	$	(62,114)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(23,678)		-
Gain on disposition of Operating Partnerships						-		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		(2,000)		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(59,560)		(62,114)		-		-

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		23,678		-		-		-

Net cash (used in) provided by investing activities		23,678		-
Net cash provided by investing activities						-		-

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(35,882)		(62,114)		-		-

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

Cash and cash equivalents, ending	$	417,630	$	365,067	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 2522

		2019		2018


Cash flows from operating activities:

Net income (loss)	$	-	$	(38,144)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships		-		(38,000)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-
(Decrease) Increase in accounts payable affiliates		-		(183,720)


Net cash (used in) provided by operating activities		-		(259,864)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		38,000


Net cash provided by investing activities		-		38,000

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(221,864)


Cash and cash equivalents, beginning		-		221,864


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	2,694,389


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 23

		2019		2018


Cash flows from operating activities:

Net income (loss)	$	-	$	(27,002)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships		-		(43,500)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-
(Decrease) Increase in accounts payable affiliates		-		(419,134)


Net cash (used in) provided by operating activities		-		(489,636)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		43,500


Net cash provided by investing activities		-		43,500

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(446,136)


Cash and cash equivalents, beginning		-		446,136


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	514,253


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 24

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	-	$	34,406	$	182,795	$	(33,882)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		(97,399)
Gain on disposition of Operating Partnerships						(278,516)		(23,678)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		(2,000)
Decrease (Increase) in other assets		-		1,250
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		-		(61,743)		(95,721)		(59,560)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		97,399		278,516		23,678

Net cash (used in) provided by investing activities		-		97,399
Net cash provided by investing activities						278,516		23,678

						-		-
Cash flows from financing activities:

Distributions		-		(380,117)		(584,813)		-

Net cash used in financing activities		-		(380,117)		(584,813)		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(344,461)		(402,018)		(35,882)

Cash and cash equivalents, beginning		-		344,461		402,018		453,512

Cash and cash equivalents, ending	$	-	$	-	$	-	$	417,630

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 2625

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(69,952)	$	(14,748)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(10,500)		(80,000)
Gain on disposition of Operating Partnerships						-		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(80,452)		(94,748)		-		-

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		10,500		80,000		-		-

Net cash (used in) provided by investing activities		10,500		80,000
Net cash provided by investing activities						-		-

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(69,952)		(14,748)		-		-

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

Cash and cash equivalents, ending	$	572,306	$	662,931	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 2726

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	3,811	$	3,213,442	$	30,848	$	(69,952)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		(3,291,567)
Gain on disposition of Operating Partnerships						(109,433)		(10,500)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(31,673)		2,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		3,811		(109,798)		(76,085)		(80,452)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		3,291,567		109,433		10,500

Net cash (used in) provided by investing activities		-		3,291,567
Net cash provided by investing activities						109,433		10,500

						-		-
Cash flows from financing activities:

Distributions		(310,963)		-		-		-

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

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(307,152)		3,181,769		33,348		(69,952)

Cash and cash equivalents, beginning		6,799,933		3,606,473		554,439		642,258

Cash and cash equivalents, ending	$	6,492,781	$	6,788,242	$	587,787	$	572,306

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 2827

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(41,125)	$	(56,401)	$	818,126	$	3,811
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(8,500)		-
Gain on disposition of Operating Partnerships						(856,766)		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-		-		-

Net cash (used in) provided by operating activities		(49,625)		(56,401)		(38,640)		3,811

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		8,500		-		856,766		-

Net cash (used in) provided by investing activities		8,500		-
Net cash provided by investing activities						856,766		-

						-		-
Cash flows from financing activities:

Distributions		-		-		(7,318,360)		(310,963)

Net cash used in financing activities		-		-		(7,318,360)		(310,963)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(41,125)		(56,401)		(6,500,234)		(307,152)

Cash and cash equivalents, beginning		742,564		812,483		6,500,234		6,799,933

Cash and cash equivalents, ending	$	701,439	$	756,082	$	-	$	6,492,781

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-





	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 2928

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	64,364	$	(92,645)	$	20,929	$	(41,125)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(123,094)		-
Gain on disposition of Operating Partnerships						(73,248)		(8,500)
Changes in assets and liabilities
Increase in other assets						(9,500)		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		12,000		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(489,986)		61,640		-		-

Net cash (used in) provided by operating activities		(548,716)		(31,005)		(49,819)		(49,625)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		122,994		-		58,924		8,500

Net cash (used in) provided by investing activities		122,994		-
Net cash provided by investing activities						58,924		8,500

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(425,722)		(31,005)		9,105		(41,125)

Cash and cash equivalents, beginning		622,414		345,648		690,605		742,564

Cash and cash equivalents, ending	$	196,692	$	314,643	$	699,710	$	701,439

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 30

2018

2017
Cash flows from operating activities:
Net income (loss)
$
114,811
$
247,358
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

(195,182)

(265,984)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

(3,500)

-
Decrease (Increase) in other
   assets

-

-
(Decrease) Increase in accounts
   payable affiliates

(499,568)

41,872
Net cash (used in) provided by
operating activities

(583,439)

23,246
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

-
Proceeds from the disposition of     Operating Partnerships

130,006

226,021
Net cash (used in) provided by
investing activities

130,006

226,021
Cash flows from financing activities:

Distributions

-

-
Net cash used in
financing activities

-

-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(453,433)

249,267
Cash and cash equivalents, beginning

453,433

270,126
Cash and cash equivalents, ending
$
-
$
519,393

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

1,121,389

$

-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

-

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

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

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Nine Months Ended December 31,~~
~~(Unaudited)~~

~~Series 31~~29

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	28,117	$	(53,974)	$	(57,340)	$	64,364
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(105,794)		(45,000)
Gain on disposition of Operating Partnerships						-		(123,094)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		-		21,780		(489,986)

Net cash (used in) provided by operating activities		(77,677)		(98,974)		(35,560)		(548,716)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		64,500		45,000		-		122,994

Net cash provided by investing activities		64,500		45,000		-		122,994

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(13,177)		(53,974)		(35,560)		(425,722)

Cash and cash equivalents, beginning		1,971,680		2,047,648		196,944		622,414

Cash and cash equivalents, ending	$	1,958,503	$	1,993,674	$	161,384	$	196,692

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 30

		2019		2018


Cash flows from operating activities:

Net income (loss)	$	-	$	114,811
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships		-		(195,182)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(3,500)
(Decrease) Increase in accounts payable affiliates		-		(499,568)


Net cash (used in) provided by operating activities		-		(583,439)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		130,006


Net cash provided by investing activities		-		130,006

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(453,433)


Cash and cash equivalents, beginning		-		453,433


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	1,121,389


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 31

		2019		2018


Cash flows from operating activities:

Net income (loss)	$	619,372	$	28,117
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships		(619,800)		(105,794)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-
(Decrease) Increase in accounts payable affiliates		-		-


Net cash (used in) provided by operating activities		(428)		(77,677)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		619,800		64,500


Net cash provided by investing activities		619,800		64,500


Cash flows from financing activities:
Distributions		(2,572,942)		-


Net cash used in financing activities		(2,572,942)		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(1,953,570)		(13,177)


Cash and cash equivalents, beginning		1,953,570		1,971,680


Cash and cash equivalents, ending	$	-	$	1,958,503

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	25,000	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 32

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	388,455	$	1,586,646	$	77,767	$	388,455
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(487,880)		(1,677,252)
Gain on disposition of Operating Partnerships						(159,553)		(487,880)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(2,000)		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(726,205)		(1,108,083)		8,175		(726,205)

Net cash (used in) provided by operating activities		(825,630)		(1,200,689)		(73,611)		(825,630)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		487,880		1,677,252		158,324		487,880

Net cash provided by investing activities		487,880		1,677,252		158,324		487,880

Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(337,750)		476,563		84,713		(337,750)

Cash and cash equivalents, beginning		563,697		837,185		272,226		563,697

Cash and cash equivalents, ending	$	225,947	$	1,313,748	$	356,939	$	225,947

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 33

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(55,411)	$	23,189	$	1,434,568	$	(55,411)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		(67,454)
Gain on disposition of Operating Partnerships						(1,469,594)		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(166,986)		48,449		(1,099,287)		(166,986)

Net cash (used in) provided by operating activities		(222,397)		4,184		(1,134,313)		(222,397)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		950		1,469,594		-

Net cash (used in) provided by investing activities		-		950
Net cash provided by investing activities						1,469,594		-

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(222,397)		5,134		335,281		(222,397)

Cash and cash equivalents, beginning		452,033		337,765		236,612		452,033

Cash and cash equivalents, ending	$	229,636	$	342,899	$	571,893	$	229,636

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 34

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(58,853)	$	(62,324)	$	225,729	$	(58,853)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		-
Gain on disposition of Operating Partnerships						(284,500)		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		4,500		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(112,903)		(393,594)		33,617		(112,903)

Net cash (used in) provided by operating activities		(171,756)		(455,918)		(20,654)		(171,756)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		-		284,500		-

Net cash (used in) provided by investing activities		-		-
Net cash provided by investing activities						284,500		-

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(171,756)		(455,918)		263,846		(171,756)

Cash and cash equivalents, beginning		394,837		849,078		178,285		394,837

Cash and cash equivalents, ending	$	223,081	$	393,160	$	442,131	$	223,081

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 35

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(27,398)	$	2,593,894	$	1,497,913	$	(27,398)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		(2,653,528)
Gain on disposition of Operating Partnerships						(1,555,642)		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		(551,982)		-		-

Net cash (used in) provided by operating activities		(27,398)		(611,616)		(57,729)		(27,398)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		2,653,528		1,555,642		-

Net cash (used in) provided by investing activities		-		2,653,528
Net cash provided by investing activities						1,555,642		-

						-		-
Cash flows from financing activities:

Distributions		-		-		(5,893,687)		-

Net cash used in financing activities		-		-		(5,893,687)		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(27,398)		2,041,912		(4,395,774)		(27,398)

Cash and cash equivalents, beginning		4,428,306		2,392,767		4,395,774		4,428,306

Cash and cash equivalents, ending	$	4,400,908	$	4,434,679	$	-	$	4,400,908

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 36

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	180,555	$	(41,191)	$	527,639	$	180,555
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(253,104)		-
Gain on disposition of Operating Partnerships						(581,982)		(253,104)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		570,319		-		(24,706)		570,319
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		(767,505)		-		-

Net cash (used in) provided by operating activities		497,770		(808,696)		(79,049)		497,770

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		253,104		-		581,982		253,104

Net cash (used in) provided by investing activities		253,104		-
Net cash provided by investing activities						581,982		253,104

						-		-
Cash flows from financing activities:

Distributions		-		-		(3,044,292)		-

Net cash used in financing activities		-		-		(3,044,292)		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		750,874		(808,696)		(2,541,359)		750,874

Cash and cash equivalents, beginning		2,106,050		2,934,317		2,541,359		2,106,050

Cash and cash equivalents, ending	$	2,856,924	$	2,125,621	$	-	$	2,856,924

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 37

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	1,015,799	$	104,304	$	-	$	1,015,799
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(1,062,375)		(140,415)
Gain on disposition of Operating Partnerships						-		(1,062,375)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(513,149)		(1,538,773)		-		(513,149)

Net cash (used in) provided by operating activities		(559,725)		(1,574,884)		-		(559,725)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		1,062,375		1,977		-		1,062,375

Net cash (used in) provided by investing activities		1,062,375		1,977
Net cash provided by investing activities						-		1,062,375

						-		-
Cash flows from financing activities:

Distributions		(1,020,537)		-		-		(1,020,537)

Net cash used in financing activities		(1,020,537)		-		-		(1,020,537)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(517,887)		(1,572,907)		-		(517,887)

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

Cash and cash equivalents, ending	$	-	$	523,132	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 38

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	12,660	$	(51,326)	$	1,440,353	$	12,660
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(7,000)		-
Gain on disposition of Operating Partnerships						(1,506,757)		(7,000)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(6,543)		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(18,234)		(1,515,985)		-		(18,234)

Net cash (used in) provided by operating activities		(12,574)		(1,573,854)		(66,404)		(12,574)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		7,000		-		1,506,757		7,000

Net cash (used in) provided by investing activities		7,000		-
Net cash provided by investing activities						1,506,757		7,000

						-		-
Cash flows from financing activities:

Distributions		-		-		(2,939,459)		-

Net cash used in financing activities		-		-		(2,939,459)		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(5,574)		(1,573,854)		(1,499,106)		(5,574)

Cash and cash equivalents, beginning		1,492,145		3,042,864		1,499,106		1,492,145

Cash and cash equivalents, ending	$	1,486,571	$	1,469,010	$	-	$	1,486,571

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 39

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	-	$	(48,069)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		(17,779)
Gain on disposition of Operating Partnerships						-		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(6,543)		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		-		(1,154,240)		-		-

Net cash (used in) provided by operating activities		-		(1,226,631)		-		-

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		17,779		-		-

Net cash (used in) provided by investing activities		-		17,779
Net cash provided by investing activities						-		-

						-		-
Cash flows from financing activities:

Distributions		-		(40,046)		-		-

Net cash used in financing activities		-		(40,046)		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(1,248,898)		-		-

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

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

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 40

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(53,608)	$	485,584	$	2,844,772	$	(53,608)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(44,500)		(588,952)
Gain on disposition of Operating Partnerships						(2,962,474)		(44,500)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		(9,500)		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(148,422)		(8,631)		(2,224,213)		(148,422)

Net cash (used in) provided by operating activities		(246,530)		(111,999)		(2,351,415)		(246,530)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		44,500		588,952		2,962,372		44,500

		-		-				-
Net cash (used in) provided by investing activities		44,500		588,952
Net cash provided by investing activities						2,962,372		44,500

						-		-
Cash flows from financing activities:

Distributions		-		-		(804,301)		-

Net cash used in financing activities		-		-		(804,301)		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(202,030)		476,953		(193,344)		(202,030)

Cash and cash equivalents, beginning		431,341		248,318		193,344		431,341

Cash and cash equivalents, ending	$	229,311	$	725,271	$	-	$	229,311

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 41

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(77,399)	$	616,699	$	(74,849)	$	(77,399)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(14,000)		(782,887)
Gain on disposition of Operating Partnerships						(1,250)		(14,000)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(2,500)		1,250		-
Decrease (Increase) in other assets		-		1,218
(Decrease) Increase in accounts payable affiliates		(414,074)		84,650		102,231		(414,074)

Net cash (used in) provided by operating activities		(505,473)		(82,820)		27,382		(505,473)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		14,000		782,887		1,250		14,000

Net cash (used in) provided by investing activities		14,000		782,887
Net cash provided by investing activities						1,250		14,000

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(491,473)		700,067		28,632		(491,473)

Cash and cash equivalents, beginning		741,152		322,902		246,214		741,152

Cash and cash equivalents, ending	$	249,679	$	1,022,969	$	274,846	$	249,679

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 42

2018

2017
Cash flows from operating activities:

Net income (loss)
$
(8,892)
$
135,238
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

(54,322)

(262,279)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

1,500

1,000
Decrease (Increase) in other
   assets

-

(1,183)
(Decrease) Increase in accounts
   payable affiliates

-

-
Net cash (used in) provided by
operating activities

(61,714)

(127,224)
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

(9,503)
Proceeds from the disposition of     Operating Partnerships

54,322

262,279
Net cash (used in) provided by
investing activities

54,322

252,776
Cash flows from financing activities:

Distributions

-

-
Net cash used in
financing activities

-

-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(7,392)

125,552
Cash and cash equivalents, beginning

1,327,017

1,072,528
Cash and cash equivalents, ending
$
1,319,625
$
1,198,080

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

-

$

-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

63,676

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

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

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Nine Months Ended December 31,~~
~~(Unaudited)~~

~~Series 43~~

2018

2017
Cash flows from operating activities:

Net income (loss)
$
8,023
$
80,998
Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Gain on Disposition
   Operating Partnerships

(75,520)

(225,500)
Changes in assets and liabilities

(Decrease) Increase in accounts
   payable and accrued expenses

363,500

-
Decrease (Increase) in other
   assets

-

-
(Decrease) Increase in accounts
   payable affiliates

(430,490)

170,998
Net cash (used in) provided by
operating activities

(134,487)

26,496
Cash flows from investing activities:

Capital contributions paid to
    Operating Partnerships

-

(9,508)
Proceeds from the disposition of     Operating Partnerships

49,438

225,500
Net cash (used in) provided by
investing activities

49,438

215,992
Cash flows from financing activities:

Distributions

-

-
Net cash used in
financing activities

-

-
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

(85,049)

242,488
Cash and cash equivalents, beginning

854,364

351,638
Cash and cash equivalents, ending
$
769,315
$
594,126

Supplemental schedule of noncash
investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.

$

-

$

-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.

$

-

$

63,675

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

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

~~CONDENSED STATEMENTS OF CASH FLOWS~~

~~Nine Months Ended December 31,~~
~~(Unaudited)~~

~~Series 44~~

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(159,974)	$	(166,421)	$	303,986	$	(8,892)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		-
Gain on disposition of Operating Partnerships						(381,658)		(54,322)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		7,000		1,500
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		185,889		184,956		-		-

Net cash (used in) provided by operating activities		25,915		18,535		(70,672)		(61,714)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		-		381,658		54,322

Net cash (used in) provided by investing activities		-		-
Net cash provided by investing activities						381,658		54,322

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		25,915		18,535		310,986		(7,392)

Cash and cash equivalents, beginning		84,006		66,324		1,300,483		1,327,017

Cash and cash equivalents, ending	$	109,921	$	84,859	$	1,611,469	$	1,319,625

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 4543

		2018		2017		2018		2018

Cash flows from operating activities:

Net income (loss)	$	154,699	$	(231,767)	$	1,185,635	$	8,023
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		(342,500)		-
Gain on disposition of Operating Partnerships						(1,277,506)		(75,520)
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		57,600		-		-		363,500
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(37,346)		156,418		(168,259)		(430,490)

Net cash (used in) provided by operating activities		(167,547)		(75,349)		(260,130)		(134,487)

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		342,500		-		1,277,506		49,438

Net cash (used in) provided by investing activities		342,500		-
Net cash provided by investing activities						1,277,506		49,438

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		174,953		(75,349)		1,017,376		(85,049)

Cash and cash equivalents, beginning		753,702		803,153		414,540		854,364

Cash and cash equivalents, ending	$	928,655	$	727,804	$	1,431,916	$	769,315

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 4644

		2018		2017		2019		2018

Cash flows from operating activities:

Net income (loss)	$	(143,774)	$	(129,945)	$	2,784,687	$	(159,974)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on Disposition Operating Partnerships		-		(10,994)
Gain on disposition of Operating Partnerships						(2,921,325)		-
Changes in assets and liabilities
Increase in other assets						-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-		-		-
Decrease (Increase) in other assets		-		-
(Decrease) Increase in accounts payable affiliates		(23,103)		(6,325)		(87,787)		185,889

Net cash (used in) provided by operating activities		(166,877)		(147,264)		(224,425)		25,915

Cash flows from investing activities:

Capital contributions paid to Operating Partnerships		-		-
Proceeds from the disposition of Operating Partnerships		-		10,994		2,921,325		-

Net cash (used in) provided by investing activities		-		10,994
Net cash provided by investing activities						2,921,325		-

						-		-
Cash flows from financing activities:

Distributions		-		-		-		-

Net cash used in financing activities		-		-		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(166,877)		(136,270)		2,696,900		25,915

Cash and cash equivalents, beginning		466,399		651,129		113,020		84,006

Cash and cash equivalents, ending	$	299,522	$	514,859	$	2,809,920	$	109,921

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 45

		2019		2018


Cash flows from operating activities:

Net income (loss)	$	(81,796)	$	154,699
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships		(100,448)		(342,500)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		4,063		57,600
(Decrease) Increase in accounts payable affiliates		62,932		(37,346)


Net cash (used in) provided by operating activities		(115,249)		(167,547)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		100,448		342,500


Net cash provided by investing activities		100,448		342,500

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(14,801)		174,953


Cash and cash equivalents, beginning		916,581		753,702


Cash and cash equivalents, ending	$	901,780	$	928,655

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 46

		2019		2018


Cash flows from operating activities:

Net income (loss)	$	(106,333)	$	(143,774)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Gain on disposition of Operating Partnerships		-		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		-
(Decrease) Increase in accounts payable affiliates		156,897		(23,103)


Net cash (used in) provided by operating activities		50,564		(166,877)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-
Cash flows from financing activities:
Distributions		-		-


Net cash used in financing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		50,564		(166,877)


Cash and cash equivalents, beginning		321,175		466,399


Cash and cash equivalents, ending	$	371,739	$	299,522

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	-


	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
December 31, ~~2018~~2019
(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 generalpartner 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
December 31, ~~2018~~2019
(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 December 31, ~~2018~~2019 and for the three and nine months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, ~~2018.~~2019.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(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 December 31, ~~2018~~2019 and ~~2017,~~2018, are as follows:

	2018	2017	2019	2018
Series 20	$ 2,549	$ 5,536	$ -	$ 2,549
Series 21	-	2,216	-	-
Series 22	6,426	7,303	-	6,426
Series 23	5,556	5,556	-	5,556
Series 24	10,761	12,588	7,799	10,761
Series 25	-	-	-	-
Series 26	13,938	15,609	13,317	13,938
Series 27	7,635	8,915	5,730	7,635
Series 28	7,296	8,844	5,520	7,296
Series 29	7,261	20,547	7,260	7,261
Series 30	5,668	12,609	-	5,668
Series 31	16,065	19,092	-	16,065
Series 32	19,794	23,234	19,795	19,794
Series 33	13,318	15,654	9,777	13,318
Series 34	12,365	12,365	9,756	12,365
Series 35	10,653	10,653	8,235	10,653
Series 36	5,172	7,626	2,739	5,172
Series 37	-	10,957	-	-
Series 38	16,581	18,234	2,742	16,581
Series 39	-	1,712	-	-
Series 40	23,390	26,594	11,828	23,390
Series 41	34,076	49,564	34,077	34,076
Series 42	23,847	40,788	23,690	23,847
Series 43	45,090	55,612	21,348	45,090
Series 44	57,826	57,825	44,958	57,826
Series 45	67,565	70,359	59,644	67,565
Series 46	52,299	52,299	52,299	52,299
	$465,131	$572,291	$340,514	$465,131

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the nine months ended December 31, ~~2018~~2019 and ~~2017~~2018 are as follows:

	2018	2017	2019	2018
Series 20	$ 378,835	$ -	$ -	$ 378,835
Series 21	-	258,000
Series 22	202,998	-	-	202,998
Series 23	435,802	488,550	-	435,802
Series 24	32,283	37,764	28,397	32,283
Series 25	-	11,374
Series 26	43,485	60,699	41,193	43,485
Series 27	22,905	33,438	21,000	22,905
Series 28	23,436	26,532	20,112	23,436
Series 29	519,601	-	-	519,601
Series 30	523,527	-	-	523,527
Series 31	51,692	62,490	4,308	51,692
Series 32	787,880	1,184,057	51,208	787,880
Series 33	206,940	-	1,135,698	206,940
Series 34	150,000	430,691	-	150,000
Series 35	31,959	597,597	28,735	31,959
Series 36	18,788	790,383	10,650	18,788
Series 37	526,729	1,574,732	-	526,729
Series 38	69,630	1,570,687	22,065	69,630
Series 39	-	938,915
Series 40	225,000	93,700	2,276,523	225,000
Series 41	520,930	70,500	-	520,930
Series 42	80,686	126,528	71,270	80,686
Series 43	566,306	-	245,118	566,306
Series 45	242,500	-	116,000	242,500
Series 46	180,000	163,222	-	180,000
	$5,841,912	$8,519,859	$4,072,277	$5,841,912

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At December 31, ~~2018~~2019 and ~~2017,~~2018, the Fund has limited partnership interests in ~~132~~82 and ~~179~~132 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at December 31, ~~2018~~2019 and ~~2017~~2018 are as follows:

	2018	2017	2019	2018
Series 20	-	2	-
Series 21	-		-
Series 22	-	3	-
Series 23	-	3	-
Series 24	4	6	-	4
Series 25	-		-
Series 26	8	9	3	8
Series 27	3		-	3
Series 28	4	5	-	4
Series 29	5	8	5
Series 30	-	6	-
Series 31	1	8	-	1
Series 32	5	6	3	5
Series 33	3	4	2	3
Series 34	4		2	4
Series 35	2		-	2
Series 36	2	3	-	2
Series 37	-	1	-
Series 38	3	4	-	3
Series 39	-		-
Series 40	8	9	-	8
Series 41	11	14	10	11
Series 42	9	13	7	9
Series 43	14	18	11	14
Series 44	7		5	7
Series 45	25	27	20	25
Series 46	14		14	14
	132	179	82	132

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 December 31, ~~2018~~2019 and ~~2017,~~2018, are as follows:

	2018	2017	2019	2018
Series 29	$ 785	$ 8,235	$ 785	$ 785
Series 30	-	65,176
Series 31	25,000	66,294	-	25,000
Series 32	1,229		-	1,229
Series 33	-	2,650
Series 40	102		-	102
Series 41	-	100
Series 42	254		254
Series 43	-	26,082
Series 45	16,724		16,724	16,724
	$44,094	$186,846	$ 17,763	$44,094

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the nine months ended December 31, 2019 the Fund disposed of fourty-five Operating Partnerships. A summary of the dispositions by Series for December 31, 2019 is as follows:

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

Series 24	4	-	$	278,516	$	278,516
Series 26	5	-		109,433		109,433
Series 27	2	1		856,766		856,766
Series 28	4	-		58,924		73,248
Series 31	-	1		619,800		619,800
Series 32	2	-		158,324		159,553
Series 33	-	1		1,469,594		1,469,594
Series 34	2	-		284,500		284,500
Series 35	2	-		1,555,642		1,555,642
Series 36	1	1		581,982		581,982
Series 38	2	1		1,506,757		1,506,757
Series 40	6	1		2,962,372		2,962,474
Series 41	1	-		1,250		1,250
Series 42	2	-		381,658		381,658
Series 43	1	1		1,277,506		1,277,506
Series 44	-	2		2,921,325		2,921,325
Series 45	2	-		100,448		100,448
Total	36	9	$	15,124,797	$	15,140,452

* Fund proceeds from disposition does not include $14,324 recorded as a receivable for Series 28, as well as $1,229 and $102, which was due to a writeoff of capital contribution payable as of December 31, 2019, for Series 32 and Series 40, respectively.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the nine months ended December 31, 2018 the Fund disposed of thirty-seven Operating Partnerships. A summary of the dispositions by Series for December 31, 2018 is as follows:

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

Series 20	2	-	$	197,337	$	197,337
Series 22	3	-		38,000		38,000
Series 23	3	-		43,500		43,500
Series 24	1	-		23,678		23,678
Series 26	1	-		10,500		10,500
Series 28	1	-		8,500		8,500
Series 29	2	-		122,994		123,094
Series 30	5	-		130,006		195,182
Series 31	7	-		64,500		105,794
Series 32	-	1		487,880		487,880
Series 36	-	1		253,104		253,104
Series 37	-	1		1,062,375		1,062,375
Series 38	1	-		7,000		7,000
Series 40	1	-		44,500		44,500
Series 41	-	1		14,000		14,000
Series 42	2	-		54,322		54,322
Series 43	3	-		49,438		75,520
Series 45	1	-		342,500		342,500
Total	33	4	$	2,954,134	$	3,086,786

* Fund proceeds from disposition does not include $100, $65,176, $41,294 and $26,082, which was due to a writeoff of capital contribution payable as of December 31, 2018, for Series 29, Series 30, Series 31 and Series 43, 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
December 31, ~~2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~During the nine months ended December 31, 2017 the Fund disposed of thirty Operating Partnerships. A summary of the dispositions by Series for December 31, 2017 is as follows:~~

Operating Partnership Interest Transferred

Sale of Underlying Operating Partnership

Fund Proceeds from Disposition *

Gain on Disposition
Series 20
1
-
$
42,000
$
42,000
Series 21
2
-
67,000
67,000
Series 23
-
1
989,962
989,962
Series 25
4

-

97,399

97,399
Series 26
4

-

80,000

80,000
Series 27
1

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

1,677,252

1,677,252
Series 33
1

-

950

67,454
Series 35
1

-

2,653,528

2,653,528
Series 37
1

-

1,977

140,415
Series 39
1

-

17,779

17,779
Series 40
1

-

588,952

588,952
Series 41
3

-

782,887

782,887
Series 42
2

-

262,279

262,279
Series 43
1

-

225,500

225,500
Series 46
-

-

10,994

10,994
Total
26

4

$
11,061,047

$
11,305,952

* Fund proceeds from disposition does not include $39,963, $66,504 and $138,438 which was due to a writeoff of capital contribution payable as of December 31, 2017, for Series 30, Series 33 and Series 37, respectively.

~~Boston Capital Tax Credit Fund IV L.P.~~
~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~2019
(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 nine months ended September 30, ~~2018.~~2019.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

		2018	2017		2019	2018

Revenues	Revenues			Revenues
	Rental	$ 30,464,104	$ 39,192,976	Rental	$ 21,099,182	$ 30,464,104
	Interest and other	867,967	1,235,063	Interest and other	524,877	867,967
		31,332,071	40,428,039		21,624,059	31,332,071

Expenses	Expenses			Expenses
	Interest	5,133,584	6,754,119	Interest	3,511,689	5,133,584
	Depreciation and amortization	7,690,864	10,698,194	Depreciation and amortization	5,031,707	7,690,864
	Operating expenses	21,606,132	28,924,546	Operating expenses	15,126,519	21,606,132
		34,430,580	46,376,859		23,669,915	34,430,580

NET LOSS	NET LOSS	$ (3,098,509)	$ (5,948,820)	NET LOSS	$ (2,045,856)	$ (3,098,509)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (3,067,524)	$ (5,889,331)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (2,025,399)	$ (3,067,524)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (30,985)	$ (59,489)	Net loss allocated to other Partners	$ (20,457)	$ (30,985)

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
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 20

		~~2018~~2019	~~2017~~2018
Revenues
	Rental	$ -	$ ~~352,045~~-
	Interest and other	-	~~24,048~~-
		-	~~376,093~~-

Expenses
	Interest	-	~~32,617~~-
	Depreciation and amortization	-	~~91,765~~-
	Operating expenses	-	~~315,661~~-
		-	~~440,043~~-

NET LOSS		$ -	$ ~~(63,950)~~-

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ ~~(63,310)~~-

Net loss allocated to other Partners		$ -	$ ~~(640)~~-

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 21

		~~2018~~2019	~~2017~~2018
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		$ -	$ -

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 22

		~~2018~~2019	~~2017~~2018
Revenues
	Rental	$ -	$ ~~382,584~~-
	Interest and other	-	~~13,663~~-
		-	~~396,247~~-

Expenses
	Interest	-	~~34,025~~-
	Depreciation and amortization	-	~~103,504~~-
	Operating expenses	-	~~311,606~~-
		-	~~449,135~~-

NET LOSS		$ -	$ ~~(52,888)~~-

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ ~~(52,359)~~-

Net loss allocated to other Partners		$ -	$ ~~(529)~~-

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 23

		~~2018~~2019	~~2017~~2018
Revenues
	Rental	$ -	$ ~~316,873~~-
	Interest and other	-	~~15,894~~-
		-	~~332,767~~-

Expenses
	Interest	-	~~18,061~~-
	Depreciation and amortization	-	~~67,348~~-
	Operating expenses	-	~~263,411~~-
		-	~~348,820~~-

NET LOSS		$ -	$ ~~(16,053)~~-

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ ~~(15,892)~~-

Net loss allocated to other Partners		$ -	$ ~~(161)~~-

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 24

2018
2017
Revenues

Rental
$   633,339
$   768,883

Interest and other
    20,560
    15,362

   653,899
   784,245

Expenses

Interest
51,588
67,689

Depreciation and amortization
178,656
211,044

Operating expenses
   509,233
   620,298

   739,477
   899,031

NET LOSS
$  (85,578)
$ (114,786)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (84,722)

$ (113,638)

Net loss allocated to other
Partners

$     (856)

$   (1,148)

		2019	2018
Revenues
	Rental	$ -	$ 633,339
	Interest and other	-	20,560
		-	653,899

Expenses
	Interest	-	51,588
	Depreciation and amortization	-	178,656
	Operating expenses	-	509,233
		-	739,477

NET LOSS		$ -	$ (85,578)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (84,722)

Net loss allocated to other Partners		$ -	$ (856)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 25

		~~2018~~2019	~~2017~~2018
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		$ -	$ -

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 26

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 956,030	$ 1,258,324	Rental	$ 315,569	$ 956,030
	Interest and other	11,483	22,706	Interest and other	5,969	11,483
		967,513	1,281,030		321,538	967,513

Expenses	Expenses			Expenses
	Interest	167,510	208,522	Interest	38,921	167,510
	Depreciation and amortization	233,109	321,930	Depreciation and amortization	78,232	233,109
	Operating expenses	805,239	1,099,558	Operating expenses	295,008	805,239
		1,205,858	1,630,010		412,161	1,205,858

NET LOSS	NET LOSS	$ (238,345)	$ (348,980)	NET LOSS	$ (90,623)	$ (238,345)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (235,962)	$ (345,490)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (89,717)	$ (235,962)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (2,383)	$ (3,490)	Net loss allocated to other Partners	$ (906)	$ (2,383)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 27

2018
2017
Revenues

Rental
$   495,454
$   563,566

Interest and other
     9,742
     7,923

   505,196
   571,489

Expenses

Interest
24,930
32,644

Depreciation and amortization
133,387
165,370

Operating expenses
   413,037
   457,051

   571,354
   655,065

NET LOSS
$  (66,158)
$  (83,576)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (65,496)

$  (82,740)

Net loss allocated to other
Partners

$     (662)

$     (836)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 28~~

2018
2017
Revenues

Rental
$    616,769
$    751,710

Interest and other
     33,854
     18,953

    650,623
    770,663

Expenses

Interest
99,851
122,273

Depreciation and amortization
137,643
169,333

Operating expenses
    511,313
    587,874

    748,807
    879,480

NET LOSS
$   (98,184)
$  (108,817)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$   (97,202)

$  (107,729)

Net loss allocated to other
Partners

$      (982)

$    (1,088)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 29~~

2018
2017
Revenues

Rental
$    784,882
$  1,311,305

Interest and other
     30,243
    126,151

    815,125
  1,437,456

Expenses

Interest
148,877
295,053

Depreciation and amortization
162,256
371,636

Operating expenses
    665,615
  1,166,408

    976,748
  1,833,097

NET LOSS
$  (161,623)
$  (395,641)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (160,007)

$  (391,685)

Net loss allocated to other
Partners

$    (1,616)

$    (3,956)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 30~~

		~~2018~~2019	~~2017~~2018
Revenues
	Rental	$ -	$ ~~772,562~~495,454
	Interest and other	-	~~18,959~~9,742
		-	~~791,521~~505,196

Expenses
	Interest	-	~~70,220~~24,930
	Depreciation and amortization	-	~~217,874~~133,387
	Operating expenses	-	~~606,608~~413,037
		-	~~894,702~~571,354

NET LOSS		$ -	$ ~~(103,181)~~(66,158)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ ~~(102,149)~~(65,496)

Net loss allocated to other Partners		$ -	$ ~~(1,032)~~(662)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 3128

2018
2017
Revenues

Rental
$    376,723
$  1,132,079

Interest and other
     10,701
     33,083

    387,424
  1,165,162

Expenses

Interest
20,306
107,647

Depreciation and amortization
104,349
385,046

Operating expenses
    310,598
  1,013,004

    435,253
  1,505,697

NET LOSS
$   (47,829)
$  (340,535)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$   (47,351)

$  (337,130)

Net loss allocated to other
Partners

$      (478)

$    (3,405)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 32~~

2018
2017
Revenues

Rental
$  1,155,742
$  1,475,541

Interest and other
    17,208
     35,824

  1,172,950
  1,511,365

Expenses

Interest
192,666
240,025
Depreciation and amortization
328,747
455,816

Operating expenses
    961,941
  1,192,506

  1,483,354
  1,888,347

NET LOSS
$  (310,404)
$  (376,982)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (307,300)

$  (373,212)

Net loss allocated to other
Partners

$    (3,104)

$    (3,770)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 33~~

2018
2017
Revenues

Rental
$   949,402
$ 1,040,194

Interest and other
    34,529
    36,781

   983,931
1,076,975

Expenses

Interest
152,512
179,339

Depreciation and amortization
209,302
260,563

Operating expenses
   698,505
   784,939

1,060,319
1,224,841

NET LOSS
$  (76,388)
$ (147,866)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (75,624)

$ (146,387)

Net loss allocated to other
Partners

$     (764)

$   (1,479)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 34~~

2018
2017
Revenues

Rental
$   742,517
$   728,809

Interest and other
    37,801
    26,259

   780,318
   755,068

Expenses

Interest
86,873
78,197

Depreciation and amortization
205,643
206,720

Operating expenses
   556,471
   565,852

   848,987
   850,769

NET LOSS
$  (68,669)
$  (95,701)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (67,982)

$  (94,744)

Net loss allocated to other
Partners

$     (687)

$     (957)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 35~~

2018
2017
Revenues

Rental
$   757,401
$   829,380

Interest and other
    42,456
    22,600

   799,857
   851,980

Expenses

Interest
124,866
138,051

Depreciation and amortization
241,734
254,427

Operating expenses
   455,666
   482,739

   822,266
   875,217

NET LOSS
$  (22,409)
$  (23,237)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (22,185)

$  (23,005)

Net loss allocated to other
Partners

$     (224)

$     (232)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 36~~

2018
2017
Revenues

Rental
$   358,462
$   483,137

Interest and other
       876
    13,767

   359,338
   496,904

Expenses

Interest
67,983
96,625

Depreciation and amortization
83,885
126,835

Operating expenses
   263,534
   372,348

   415,402
   595,808

NET LOSS
$  (56,064)
$  (98,904)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$  (55,503)

$  (97,915)

Net loss allocated to other
Partners

$     (561)

$     (989)

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

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~
~~December 31, 2018~~
~~(Unaudited)~~

~~NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)~~

~~COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS~~
~~Nine Months Ended September 30,~~
~~(Unaudited)~~

~~Series 37~~

		~~2018~~2019	~~2017~~2018
Revenues
	Rental	$ -	$ ~~588,136~~616,769
	Interest and other	-	~~58,474~~33,854
		-	~~646,610~~650,623

Expenses
	Interest	-	~~96,219~~99,851
	Depreciation and amortization	-	~~197,321~~137,643
	Operating expenses	-	~~441,915~~511,313
		-	~~735,455~~748,807

NET LOSS		$ -	$ ~~(88,845)~~(98,184)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ ~~(87,957)~~(97,202)

Net loss allocated to other Partners		$ -	$ ~~(888)~~(982)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 38

29

2018
2017
Revenues

Rental
$ 1,216,088
$ 1,331,140

Interest and other
    24,560
    16,255

1,240,648
1,347,395

Expenses

Interest
166,859
185,342

Depreciation and amortization
233,270
279,470

Operating expenses
   847,211
   960,761

1,247,340
1,425,573

NET LOSS
$   (6,692)
$  (78,178)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$   (6,625)

$  (77,396)

Net loss allocated to other
Partners

$      (67)

$     (782)

		2019	2018
Revenues
	Rental	$ 696,341	$ 784,882
	Interest and other	65,975	30,243
		762,316	815,125

Expenses
	Interest	119,479	148,877
	Depreciation and amortization	138,488	162,256
	Operating expenses	632,491	665,615
		890,458	976,748

NET LOSS		$ (128,142)	$ (161,623)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (126,861)	$ (160,007)

Net loss allocated to other Partners		$ (1,281)	$ (1,616)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 3930

		~~2018~~2019	~~2017~~2018
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		$ -	$ -

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 31

		2019	2018
Revenues
	Rental	$ -	$ 376,723
	Interest and other	-	10,701
		-	387,424

Expenses
	Interest	-	20,306
	Depreciation and amortization	-	104,349
	Operating expenses	-	310,598
		-	435,253

NET LOSS		$ -	$ (47,829)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (47,351)

Net loss allocated to other Partners		$ -	$ (478)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 32

		2019	2018
Revenues
	Rental	$ 840,105	$ 1,155,742
	Interest and other	13,849	17,208
		853,954	1,172,950

Expenses
	Interest	140,784	192,666
	Depreciation and amortization	260,257	328,747
	Operating expenses	681,162	961,941
		1,082,203	1,483,354

NET LOSS		$ (228,249)	$ (310,404)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (225,967)	$ (307,300)

Net loss allocated to other Partners		$ (2,282)	$ (3,104)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 33

		2019	2018
Revenues
	Rental	$ 624,452	$ 949,402
	Interest and other	19,706	34,529
		644,158	983,931

Expenses
	Interest	119,930	152,512
	Depreciation and amortization	151,089	209,302
	Operating expenses	460,779	698,505
		731,798	1,060,319

NET LOSS		$ (87,640)	$ (76,388)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (86,764)	$ (75,624)

Net loss allocated to other Partners		$ (876)	$ (764)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 34

		2019	2018
Revenues
	Rental	$ 506,955	$ 742,517
	Interest and other	18,302	37,801
		525,257	780,318

Expenses
	Interest	80,561	86,873
	Depreciation and amortization	115,082	205,643
	Operating expenses	392,804	556,471
		588,447	848,987

NET LOSS		$ (63,190)	$ (68,669)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ (62,558)	$ (67,982)

Net loss allocated to other Partners		$ (632)	$ (687)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 35

		2019	2018
Revenues
	Rental	$ -	$ 757,401
	Interest and other	-	42,456
		-	799,857

Expenses
	Interest	-	124,866
	Depreciation and amortization	-	241,734
	Operating expenses	-	455,666
		-	822,266

NET LOSS		$ -	$ (22,409)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (22,185)

Net loss allocated to other Partners		$ -	$ (224)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 36

		2019	2018
Revenues
	Rental	$ -	$ 358,462
	Interest and other	-	876
		-	359,338

Expenses
	Interest	-	67,983
	Depreciation and amortization	-	83,885
	Operating expenses	-	263,534
		-	415,402

NET LOSS		$ -	$ (56,064)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (55,503)

Net loss allocated to other Partners		$ -	$ (561)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 37

		2019	2018
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		$ -	$ -

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 38

		2019	2018
Revenues
	Rental	$ -	$ 1,216,088
	Interest and other	-	24,560
		-	1,240,648

Expenses
	Interest	-	166,859
	Depreciation and amortization	-	233,270
	Operating expenses	-	847,211
		-	1,247,340

NET LOSS		$ -	$ (6,692)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (6,625)

Net loss allocated to other Partners		$ -	$ (67)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 39

		2019	2018
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		$ -	$ -

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 40

2018
2017
Revenues

Rental
$ 1,443,245
$ 1,677,092

Interest and other
    36,591
    37,872

1,479,836
1,714,964

Expenses

Interest
267,896
342,476

Depreciation and amortization
378,996
493,185

Operating expenses
1,100,318
1,380,725

1,747,210
2,216,386

NET LOSS
$ (267,374)
$ (501,422)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.

$ (264,700)

$ (496,408)

Net loss allocated to other
Partners

$   (2,674)

$   (5,014)

		2019	2018
Revenues
	Rental	$ -	$ 1,443,245
	Interest and other	-	36,591
		-	1,479,836

Expenses
	Interest	-	267,896
	Depreciation and amortization	-	378,996
	Operating expenses	-	1,100,318
		-	1,747,210

NET LOSS		$ -	$ (267,374)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (264,700)

Net loss allocated to other Partners		$ -	$ (2,674)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 41

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 2,723,324	$ 3,731,606	Rental	$ 2,561,777	$ 2,723,324
	Interest and other	44,492	78,700	Interest and other	44,342	44,492
		2,767,816	3,810,306		2,606,119	2,767,816

Expenses	Expenses			Expenses
	Interest	510,040	774,931	Interest	417,575	510,040
	Depreciation and amortization	577,130	893,311	Depreciation and amortization	509,026	577,130
	Operating expenses	1,835,494	2,606,559	Operating expenses	1,843,354	1,835,494
		2,922,664	4,274,801		2,769,955	2,922,664

NET LOSS	NET LOSS	$ (154,848)	$ (464,495)	NET LOSS	$ (163,836)	$ (154,848)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (153,300)	$ (459,850)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (162,198)	$ (153,300)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (1,548)	$ (4,645)	Net loss allocated to other Partners	$ (1,638)	$ (1,548)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 42

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 1,660,288	$ 2,581,674	Rental	$ 1,556,919	$ 1,660,288
	Interest and other	68,234	103,563	Interest and other	61,060	68,234
		1,728,522	2,685,237		1,617,979	1,728,522

Expenses	Expenses			Expenses
	Interest	337,485	560,478	Interest	300,202	337,485
	Depreciation and amortization	501,382	801,778	Depreciation and amortization	425,836	501,382
	Operating expenses	1,204,267	1,918,744	Operating expenses	1,181,910	1,204,267
		2,043,134	3,281,000		1,907,948	2,043,134

NET LOSS	NET LOSS	$ (314,612)	$ (595,763)	NET LOSS	$ (289,969)	$ (314,612)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (311,466)	$ (589,805)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (287,069)	$ (311,466)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (3,146)	$ (5,958)	Net loss allocated to other Partners	$ (2,900)	$ (3,146)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 43

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 2,592,340	$ 3,823,594	Rental	$ 1,968,217	$ 2,592,340
	Interest and other	110,695	186,172	Interest and other	54,392	110,695
		2,703,035	4,009,766		2,022,609	2,703,035

Expenses	Expenses			Expenses
	Interest	308,956	586,218	Interest	170,320	308,956
	Depreciation and amortization	788,153	1,263,725	Depreciation and amortization	559,039	788,153
	Operating expenses	1,974,029	2,952,130	Operating expenses	1,602,186	1,974,029
		3,071,138	4,802,073		2,331,545	3,071,138

NET LOSS	NET LOSS	$ (368,103)	$ (792,307)	NET LOSS	$ (308,936)	$ (368,103)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (364,422)	$ (784,384)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (305,847)	$ (364,422)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (3,681)	$ (7,923)	Net loss allocated to other Partners	$ (3,089)	$ (3,681)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 44

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 4,471,520	$ 4,397,610	Rental	$ 3,674,046	$ 4,471,520
	Interest and other	122,781	136,412	Interest and other	76,800	122,781
		4,594,301	4,534,022		3,750,846	4,594,301

Expenses	Expenses			Expenses
	Interest	1,043,365	1,051,820	Interest	830,357	1,043,365
	Depreciation and amortization	1,014,262	1,025,862	Depreciation and amortization	770,226	1,014,262
	Operating expenses	2,566,624	2,635,539	Operating expenses	2,171,456	2,566,624
		4,624,251	4,713,221		3,772,039	4,624,251

NET LOSS	NET LOSS	$ (29,950)	$ (179,199)	NET LOSS	$ (21,193)	$ (29,950)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (29,651)	$ (177,407)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (20,981)	$ (29,651)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (299)	$ (1,792)	Net loss allocated to other Partners	$ (212)	$ (299)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 45

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 4,990,180	$ 5,430,265	Rental	$ 4,623,418	$ 4,990,180
	Interest and other	103,760	110,355	Interest and other	107,533	103,760
		5,093,940	5,540,620		4,730,951	5,093,940

Expenses	Expenses			Expenses
	Interest	656,160	727,734	Interest	572,906	656,160
	Depreciation and amortization	1,328,457	1,476,660	Depreciation and amortization	1,173,209	1,328,457
	Operating expenses	3,702,951	3,931,531	Operating expenses	3,571,324	3,702,951
		5,687,568	6,135,925		5,317,439	5,687,568

NET LOSS	NET LOSS	$ (593,628)	$ (595,305)	NET LOSS	$ (586,488)	$ (593,628)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (587,692)	$ (589,352)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (580,623)	$ (587,692)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (5,936)	$ (5,953)	Net loss allocated to other Partners	$ (5,865)	$ (5,936)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 46

		2018	2017		2019	2018
Revenues	Revenues			Revenues
	Rental	$ 3,540,398	$ 3,464,867	Rental	$ 3,731,383	$ 3,540,398
	Interest and other	107,401	75,287	Interest and other	56,949	107,401
		3,647,799	3,540,154		3,788,332	3,647,799

Expenses	Expenses			Expenses
	Interest	704,861	707,913	Interest	720,654	704,861
	Depreciation and amortization	850,503	857,671	Depreciation and amortization	851,223	850,503
	Operating expenses	2,224,086	2,256,779	Operating expenses	2,294,045	2,224,086
		3,779,450	3,822,363		3,865,922	3,779,450

NET LOSS	NET LOSS	$ (131,651)	$ (282,209)	NET LOSS	$ (77,590)	$ (131,651)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (130,334)	$ (279,387)	Net loss allocated to Boston Capital Tax Credit Fund IV L.P.	$ (76,814)	$ (130,334)

Net loss allocated to other Partners	Net loss allocated to other Partners	$ (1,317)	$ (2,822)	Net loss allocated to other Partners	$ (776)	$ (1,317)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, ~~2018~~2019

(Unaudited)

NOTE E - TAXABLE LOSS

The Fund's taxable loss is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods.

NOTE F - INCOME TAXES

The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund's federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since ~~2014~~2015 remain open.

NOTE G - SUBSEQUENT EVENTS

~~Subsequent to December 31, 2018,~~Events that occur after the ~~Fund has entered into an agreement to transfer~~balance sheet date but before the ~~interest in five operating limited partnerships. The estimated transfer price and other terms for the dispositions of the operating limited partnerships have been determined. The estimated proceeds~~financial statements were available to be ~~received~~issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the ~~operating limited partnerships~~balance sheet date are ~~$689,744. The estimated gain on the transfer of the operating limited partnerships are $661,244and are expected to be~~ recognized in the ~~fourth quarter~~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 ~~fiscal year ending March 31, 2019.~~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, ~~2018.~~2019. 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 nine months ended December 31, ~~2018~~2019 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 December 31, ~~2018~~2019 were ~~$465,131~~$340,514 and total fund management fees accrued as of December 31, ~~2018~~2019 were ~~$19,490,438.~~$16,109,004. During the nine months ended December 31, ~~2018, $5,841,912~~2019, $4,072,277 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~~ During the nine months ended December 31, ~~2018,~~2019, an affiliate of the general partner of the Fund ~~advanced~~was paid a total of ~~$232,650 to~~$235,634 by Series 44 ~~to pay some~~for reimbursements of 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 nine months ended December 31, 2018, $12,412 was advanced to Series 44 from an affiliate of the general partner. As of December 31, 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.previously recorded.

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 December 31, ~~2018.~~2019.

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 all 24 of the Operating Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, Series 20 had released all payments of its capital contributions to the Operating Partnerships.

Series 21

The Fund commenced offering BACs in Series 21 on July 5, 1994. Offers and sales of BACs in Series 21 were completed on September 30, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $13,872,728. Series 21 has since sold its interest in all 14 of the Operating Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 all 29 of the Operating Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 all 22 of the Operating Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 20all 24 of the Operating ~~Partnerships and 4 remain.~~Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 December 31, ~~2018,~~2019, 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 3742 of the Operating Partnerships and 83 remain.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 13all 16 of the Operating ~~Partnerships and 3 remain.~~Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 22all 26 of the Operating ~~Partnerships and 4 remain.~~Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, Series 28 had released all payments of its capital contributions to the Operating Partnerships.

Series 29

The Fund commenced offering BACs in Series 29 on February 10, 1997. Offers and sales of BACs in Series 29 were completed on June 20, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $29,137,877. Series 29 has since sold its interest in 17 of the Operating Partnerships and 5 remain.

During the quarter ended December 31, ~~2018,~~2019, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable to 1 Operating Partnership in the amount of $785 as of December 31, ~~2018.~~2019. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 30

The Fund commenced offering BACs in Series 30 on June 23, 1997. Offers and sales of BACs in Series 30 were completed on September 10, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 20 Operating Partnerships in the amount of $19,497,869. Series 30 has since sold its interest in all 20 of the Operating Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, Series 30 had released all payments of its capital contributions to the Operating Partnerships.

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~~sold its interest in 26all 27 of the Operating ~~Partnerships and 1 remains.~~Partnerships.

During the quarter ended December 31, ~~2018,~~2019, Series 31 ~~did not record any releases of capital contributions. Series 31 has~~converted the outstanding contributions payable ~~to 1 Operating Partnership in the amount~~ of $25,000 ~~as of December 31, 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, ~~when~~and now has released all payments of its capital contributions to the Operating ~~Partnership has achieved the conditions set forth in its partnership agreement.~~Partnerships.

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 1214 of the Operating Partnerships and 53 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 December 31, ~~2018,~~2019, Series 32 ~~did not record any releases~~applied $1,229 of ~~capital contributions. Series 32 has outstanding~~ contributions payable to ~~1 Operating Partnership in the amount~~a prior year disposition, and has now released all payments of ~~$1,229 as of December 31, 2018. The remaining~~its capital contributions ~~will be released when~~to the Operating ~~Partnership has achieved the conditions set forth in its partnership agreement.~~Partnerships.

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 78 of the Operating Partnerships and 32 remain.

Prior to the quarter ended December 31, ~~2018,~~2019, Series 33 had released all payments of its capital contributions to the Operating Partnerships.

Series 34

The Fund commenced offering BACs in Series 34 on September 22, 1998. Offers and sales of BACs in Series 34 were completed on February 11, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $25,738,978. Series 34 has since sold its interest in 1012 of the Operating Partnerships and 42 remain.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 9all 11 of the Operating ~~Partnerships and 2 remain.~~
Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 9all 11 of the Operating ~~Partnerships and 2 remain.~~
Partnerships.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 all 7 of the Operating Partnerships.

Prior to the quarter ~~ended~~Ended December 31, ~~2018,~~2019, Series 37 had released all payments of its capital contributions to the Operating Partnerships.

Series 38

The Fund commenced offering BACs in Series 38 on February 1, 2000. Offers and sales of BACs in Series 38 were completed on July 31, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $18,612,287. Series 38 has since sold its interest in 7all 10 of the Operating ~~Partnerships and 3 remain.~~Partnerships. 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 December 31, ~~2018,~~2019, Series 38 had released all payments of its capital contributions to the Operating Partnerships.

Series 39

The Fund commenced offering BACs in Series 39 on August 1, 2000. Offers and sales of BACs in Series 39 were completed on January 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 9 Operating Partnerships in the amount of $17,115,492. Series 39 has since sold its interest in all 9 of the Operating Partnerships. In addition, the Fund committed and used $192,987 of Series 39 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended December 31, ~~2018,~~2019, 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 8all 16 of the Operating ~~Partnerships and 8 remain.~~Partnerships. 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 December 31, ~~2018,~~2019, Series 40 ~~did not record any releases~~applied $102 of ~~capital contributions. Series 40 has outstanding~~ contributions payable to ~~1 Operating Partnership in the amount~~a prior year disposition, and has now released all payments of ~~$102 as of December 31, 2018. The remaining~~its capital contributions ~~will be released when~~to the Operating ~~Partnership has achieved the conditions set forth in its partnership agreement.~~Partnerships.

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 1213 of the Operating Partnerships and 1110 remain. In addition, the Fund committed and used $195,249 of Series 41 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended December 31, ~~2018,~~2019, Series 41 had released all payments of its capital contributions to the Operating Partnerships.

Series 42

The Fund commenced offering BACs in Series 42 on February 1, 2002. Offers and sales of BACs in Series 42 were completed on July 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $20,661,120. Series 42 has since sold its interest in 1416 of the Operating Partnerships and 97 remain.

During the quarter ended December 31, ~~2018,~~2019, Series 42 did not record any releases of capital contributions. Series 42 has outstanding contributions payable to 1 Operating Partnership in the amount of $254 as of December 31, ~~2018.~~2019. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 43

The Fund commenced offering BACs in Series 43 on August 1, 2002. Offers and sales of BCAs in Series 43 were completed in June 30, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $26,326,543. Series 43 has since sold its interest in 912 of the Operating Partnerships and 1411 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~~Prior to the quarter ended December 31, ~~2018,~~2019, Series 43 ~~did not record any releases~~had released all payments of its capital ~~contributions. Series 43 has outstanding~~ contributions ~~payable~~ to ~~1 Operating Partnerships in the amount of $26,082 as of December 31, 2018. The remaining contributions will be released when~~ the Operating ~~Partnership has achieved the conditions set forth in its partnership agreement.~~Partnerships.

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 35 of the Operating Partnerships and 75 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 December 31, ~~2018,~~2019, 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 611 of the Operating Partnerships and 2520 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 December 31, ~~2018,~~2019, 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 December 31, ~~2018.~~2019. 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 December 31, ~~2018,~~2019, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

Results of Operations

As of December 31, ~~2018~~2019 and ~~2017,~~2018, the Fund held limited partnership interests in ~~132~~82 and ~~179~~132 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 nine months ended December 31, ~~2018,~~2019, 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	$ 2,549	$ -	$ 2,549	$ -	$ -	$ -
Series 21	-	-	-	-	-	-
Series 22	6,426	-	6,426	-	-	-
Series 23	5,556	-	5,556	-	-	-
Series 24	10,761	834	9,927	7,799	-	7,799
Series 25	-	-	-	-	-	-
Series 26	13,938	-	13,938	13,317	-	13,317
Series 27	7,635	10,000	(2,365)	5,730	-	5,730
Series 28	7,296	-	7,296	5,520	-	5,520
Series 29	7,261	3,000	4,261	7,260	3,000	4,260
Series 30	5,668	-	5,668	-	-	-
Series 31	16,065	-	16,065	-	6,531	(6,531)
Series 32	19,794	1,500	18,294	19,795	-	19,795
Series 33	13,318	4,000	9,318	9,777	-	9,777
Series 34	12,365	-	12,365	9,756	-	9,756
Series 35	10,653	6,600	4,053	8,235	-	8,235
Series 36	5,172	3,397	1,775	2,739	-	2,739
Series 37	-	-	-	-	-	-
Series 38	16,581	6,000	10,581	2,742	-	2,742
Series 39	-	-	-	-	-	-
Series 40	23,390	-	23,390	11,828	-	11,828
Series 41	34,076	1,915	32,161	34,077	-	34,077
Series 42	23,847	416	23,431	23,690	-	23,690
Series 43	45,090	39,558	5,532	21,348	1,956	19,392
Series 44	57,826	4,143	53,683	44,958	979	43,979
Series 45	67,565	4,655	62,910	59,644	8,412	51,232
Series 46	52,299	3,000	49,299	52,299	32,276	20,023
	$465,131	$89,018	$376,113	$340,514	$53,154	$287,360

	9 Months Gross Fund Management Fee	9 Months Asset Management and Reporting Fee	9 Months Fund Management Fee Net of Asset Management and Reporting Fee	9 Months Gross Fund Management Fee	9 Months Asset Management and Reporting Fee	9 Months Fund Management Fee Net of Asset Management and Reporting Fee

Series 20	$ 7,869	$ 500	$ 7,369	$ -	$ -	$ -
Series 21	-	-	-	-	-	-
Series 22	19,278	500	18,778	-	-	-
Series 23	16,668	3,606	13,062	-	-	-
Series 24	32,283	2,001	30,282	28,397	2,356	26,041
Series 25	-	-	-	-	-	-
Series 26	43,485	1,000	42,485	41,193	1,000	40,193
Series 27	22,905	12,380	10,525	21,000	6,380	14,620
Series 28	23,436	2,000	21,436	20,112	2,000	18,112
Series 29	29,615	3,000	26,615	21,780	3,000	18,780
Series 30	23,959	5,717	18,242	-	-	-
Series 31	51,692	1,500	50,192	4,308	70,826	(66,518)
Series 32	61,675	1,500	60,175	59,383	13,000	46,383
Series 33	39,954	8,419	31,535	36,411	17,420	18,991
Series 34	37,097	4,200	32,897	33,617	3,000	30,617
Series 35	31,959	13,200	18,759	28,735	3,200	25,535
Series 36	18,788	5,307	13,481	10,650	-	10,650
Series 37	13,580	8,018	5,562	-	-	-
Series 38	51,396	9,000	42,396	22,065	3,000	19,065
Series 39	-	-	-	-	-	-
Series 40	76,578	7,550	69,028	52,310	7,380	44,930
Series 41	106,856	16,834	90,022	102,231	15,859	86,372
Series 42	80,686	23,859	56,827	71,270	1,956	69,314
Series 43	135,816	57,610	78,206	76,859	11,231	65,628
Series 44	173,477	29,139	144,338	147,847	18,586	129,261
Series 45	205,154	37,712	167,442	178,932	18,264	160,668
Series 46	156,897	13,807	143,090	156,897	42,404	114,493
	$1,461,103	$268,359	$1,192,744	$1,113,997	$240,862	$873,135

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 December 31, 2017, the average Qualified Occupancy for the series was 100%.~~The series did not have any properties as of December 31, 2019 and 2018.

~~For the nine month periods~~ended December 31, 2018 and 2017, Series 20 reflects a net loss from Operating Partnerships of $- and $(63,950), respectively, which includes depreciation and amortization of $- and $91,765, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2017, the investment general partner transferred its interest in Fair Oaks Lane Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,279,482 and cash proceeds to the investment partnership of $44,000. Of the total proceeds received, $2,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,000 as of December 31, 2017.

In April 2018, the investment general partner of Boston Capital Tax Credit Fund III - Series 18 and Series 20 transferred their respective interests in Virginia Avenue Affordable Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $499,989 and cash proceeds to the investment partnerships of $823,080 and $156,777 for Series 18 and Series 20, respectively. Of the total proceeds received, $7,560 and $1,440, for Series 18 and Series 20, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $815,520 and $155,337, for Series 18 and Series 20, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership, net of the overhead and expense reimbursement, has been recorded in the amount of $815,520 and $155,337, for Series 18 and Series 20, respectively, as of June 30, 2018.

In December 2018, the investment general partner transferred its interest in Concordia Housing Associates I, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,299,239 and cash proceeds to the investment partnership of $44,000. Of the total proceeds received, $2,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,000 as of December 31, 2018.

Series 21

~~As of December 31, 2017, the average Qualified Occupancy for the series was 100%.~~The series did not have any properties as of December 31, 2019 and 2018.

For the nine month periods ended December 31, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $-, respectively, which includes depreciation and amortization of $- and $-, 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 December 31, 2017, the average Qualified Occupancy for the series was 100%.~~The series did not have any properties as of December 31, 2019 and 2018.

For the nine month periods ended December 31, 2018 and 2017, Series 22 reflects a net loss from Operating Partnerships of $- and $(52,888), respectively, which includes depreciation and amortization of $- and $103,504, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates II, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,335,237 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 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'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 $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates III, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,320,530 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 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'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 $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Drakes Branch Elderly Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,121,427 and cash proceeds to the investment partnership of $320. Of the total proceeds received, $320 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. There were no remaining proceeds to be returned to cash reserves held by Series 22. 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 of the proceeds from the transfer has been recorded as of December 31, 2018.

Series 23

~~As of December 31, 2017, the average Qualified Occupancy for the series was 100%.~~The series did not have any properties as of December 31, 2019 and 2018.

For the nine month periods ended December 31, 2018 and 2017, Series 23 reflects a net loss from Operating Partnerships of $- and $(16,053), respectively, which includes depreciation and amortization of $- and $67,348, 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.

In December 2018, the investment general partner transferred its interest in Ithaca I Limited Partnership I to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $413,732 and cash proceeds to the investment partnership of $8,000. 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 $5,500 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 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 $5,500 as of December 31, 2018.

Series 24

As of December 31, 2018, ~~and 2017,~~ the average Qualified Occupancy for the series was 100%.The series ~~had a total~~did not have any properties as of ~~4 properties at~~ December 31, ~~2018, all of which were at 100% Qualified Occupancy.~~2019.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 24 reflects a net loss from Operating Partnerships of ~~$(85,578)~~$- and ~~$(114,786)~~$(85,578), respectively, which includes depreciation and amortization of ~~$178,656~~$- and ~~$211,044,~~$178,656, 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.

In December 2018, the investment general partners transferred their respective interests in Northfield Housing, Limited Partnership to entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $34,341 and cash proceeds to the investment partnerships of $26,678 and $13,322 for Series 24 and Series 42, respectively. Of the total proceeds received, $3,000 and $1,500 for Series 24 and Series 42, respectively, ~~will be~~was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,678 and $11,822 for Series 24 and Series 42, 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 $23,678 and $11,822 for Series 24 and Series 42, respectively, as of December 31, 2018.

~~Series 25~~

~~As of December 31, 2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of December 31, 2018.~~

In ~~September 2017,~~November 2019, the investment general ~~partner~~partners transferred ~~its interest~~their respective interests in ~~Ethel Housing,~~Los Lunas Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$736,238~~$215,000 and cash proceeds to the investment ~~partnership~~partnerships of ~~$21,000.~~$277,458 and $138,542, for Series 24 and Series 42, respectively. Of the total proceeds received, ~~$1,500~~$19,342 and $9,658, for Series 24 and Series 42, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$19,500~~$258,116 and $128,884, for Series 24 and Series 42, 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 $258,116 and $128,884, for Series 24 and Series 42, respectively, as of December 31, 2019.

In November 2019, the investment general partner transferred its interest in Overton Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,807,765 and cash proceeds to the investment partnership of $5,000. 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 $2,500 were returned to cash reserves held by Series ~~25.~~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 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~~$2,500 as of December 31, ~~2017.~~2019.

In ~~August 2017,~~December 2019, the investment general partner transferred its interest in ~~Horse Cave Family Apartments~~Autumn Ridge Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$753,559~~$1,368,935 and cash proceeds to the investment partnership of ~~$12,000.~~$20,400. 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~~$17,900 were returned to cash reserves held by Series ~~25.~~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 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~~$17,900 as of December 31, ~~2017.~~2019.

In ~~September 2017,~~December 2019, the investment general partner transferred its interest in ~~Shannon Housing,~~New Hilltop Apartments, A Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$1,157,526~~$1,208,829 and nominal cash proceeds to the investment ~~partnership of $36,000. Of the total~~partnership. There were no cash proceeds ~~received, $1,500 was paid~~available to ~~BCAMLP for~~pay expenses related to the transfer ~~which include third party legal costs. The remaining~~and no 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.24. 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 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 December 31, ~~2017.~~2019.

In September 2017, the investment general partner transferred its interest in West Point Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $638,133 and cash proceeds to the investment partnership of $35,311. Of the total proceeds received, $1,412 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $33,899 were returned to cash reserves held by Series 25.

The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied,series did not have 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 $33,899properties as of December 31, ~~2017.~~

2019 and 2018.

Series 26

As of December 31, ~~2018~~2019 and ~~2017,~~2018, the average Qualified Occupancy for the series was 100%. The series had a total of 83 properties at December 31, ~~2018,~~2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 26 reflects a net loss from Operating Partnerships of ~~$(238,345)~~$(90,623) and ~~$(348,980)~~$(238,345), respectively, which includes depreciation and amortization of ~~$233,109~~$78,232 and ~~$321,930,~~$233,109, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2017, the investment general partner transferred its interest in Mason Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $849,683 and cash proceeds to the investment partnership of $18,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $16,500 as of December 31, 2017.

In September 2017, the investment general partner transferred its interest in Maxton Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $802,661 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of December 31, 2017.

In September 2017, the investment general partner transferred its interest in Meridian Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $651,291 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of December 31, 2017.

In September 2017, the investment general partner transferred its interest in Timmonsville Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $970,535 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of December 31, 2017.

In June 2018, the investment general partner transferred its interest in Beckwood Manor One Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $831,636 and cash proceeds to the investment partnership of $14,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,500 as of June 30, 2018.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

~~Southwind Apartments, A L.D.H.A.~~

~~T.R. Bobb Apartments Partnership, A L.D.H.A.~~

~~Brookhaven Apartments Partnership, A LP~~

~~Beauregard Apartments Partnership, A L.D.H.A.~~

~~Warrensburg Heights L.P.~~

~~Series 27~~

~~As of December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at December 31, 2018, all of which were at 100% Qualified Occupancy.~~

For the nine month periods ended December 31, 2018 and 2017, Series 27 reflects a net loss from Operating Partnerships of $(66,158) and $(83,576), respectively, which includes depreciation and amortization of $133,387 and $165,370, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~October 2016,~~November 2019, the investment general partner transferred ~~50% of~~ its interest in ~~Canisteo Manor,~~Warrensburg Heights, Limited Partnership to ana non-affiliated entity ~~affiliated with the operating general partner~~ for its assumption of the outstanding mortgage balance of approximately ~~$438,188~~$955,481 and ~~nominal~~ cash proceeds to the investment ~~partnership. There were no cash~~partnership of $23,800. Of the total proceeds ~~available~~received, $2,500 was paid to ~~pay~~BCAMLP for expenses related to the transfer, ~~and no~~which include third party legal costs. The remaining proceeds of approximately $21,300 were returned to cash reserves held by Series ~~27.~~26. The ~~remaining 50% investment limited partner interest~~monies held in ~~the Operating Partnership was transferred in November 2017 for the assumption of approximately $438,188~~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 ~~outstanding mortgage balance and nominal consideration.~~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, noa gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been ~~recorded.~~recorded in the amount of $21,300 as of December 31, 2019.

In December ~~2016,~~2019, the investment general partner transferred its interest in A.V.A., Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,129,910 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $47,500 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 $47,500 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Beauregard Apartments Partnership, A L.D.H.A to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,157,847 and cash proceeds to the investment partnership of $23,824. 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 $16,324 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 $16,324 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Southwind Apartments Partnership, A L.D.H.A to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,020,849 and cash proceeds to the investment partnership of $21,441. 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 $13,941 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 $13,941 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in T.R. Bobb Apartments Partnership, A L.D.H.A to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $925,142 and cash proceeds to the investment partnership of $17,868. 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 $10,368 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,368 as of December 31, 2019.

Series 27

As of December 31, 2018, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 27 reflects a net loss from Operating Partnerships of $- and $(66,158), respectively, which includes depreciation and amortization of $- and $133,387, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2019, the operating general partner of ~~Wayne~~Northrock Housing Associates Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on ~~April 27, 2017.~~September 23, 2019. The sales price of the property was ~~$12,800,000,~~$5,547,522, which included the outstanding mortgage balance of approximately ~~$5,844,046~~$968,733 and cash proceeds to the investment ~~partnership~~partnerships of ~~$3,291,567~~$778,672 and $1,445,882, for Series 27 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $1,750 and $3,250, for Series 27 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which ~~were~~include third party legal costs. The remaining proceeds from the sale of $776,922 and $1,442,632, for Series 27 and Series 33, respectively, will be returned to cash ~~reserves held by Series 27.~~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 ~~$3,291,567~~$776,922 and $1,442,632, for Series 27 and Series 33, respectively, as of ~~June~~September 30, ~~2017.~~2019. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $14,520 and $26,962 for Series 27 and Series 33, respectively, which was returned to the cash reserves.

~~The~~In December 2019, the investment general partner transferred its interest in Angelou Associates, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $868,278 and cash proceeds to the investment partnership of $58,000. Of the total proceeds received, $9,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $49,000 were returned to cash reserves held by Series 27. The monies held in cash reserves will ~~continue~~be utilized to ~~monitor~~pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the ~~following~~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, ~~because of operational or other issues. However, this~~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 ~~exited its LIHTC compliance period and there is therefore no risk to past credit delivery.~~been recorded in the amount of $49,000 as of December 31, 2019.

~~Angelou Court~~In December 2019, the investment general partner transferred its interest in Magnolia Place Apartments Partnership, A Mississippi LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,000 and cash proceeds to the investment partnership of $23,824. 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 $16,324 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 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 $16,324 as of December 31, 2019.

Series 28

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 28 reflects a net loss from Operating Partnerships of ~~$(98,184)~~$- and ~~$(108,817)~~$(98,184), respectively, which includes depreciation and amortization of ~~$137,643~~$- and ~~$169,333,~~$137,643, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Evergreen Three Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $749,754 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $8,500 were returned to cash reserves held by Series 28. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $8,500 as of June 30, 2018.

~~The~~In September 2019, the investment general partner ~~will continue~~transferred its interest in Fairway II LDHA 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.

~~Maplewood Apartments Partnership, A LA Partnership~~

~~Series 29~~

~~As of December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at December 31, 2018, all of which were at 100% Qualified Occupancy.~~

For the nine month periods ended December 31, 2018 and 2017, Series 29 reflects a net loss from Operating Partnerships of $(161,623) and $(395,641), respectively, which includes depreciation and amortization of $162,256 and $371,636, respectively. This is an ~~interim period estimate; it is not indicative of the final year-end results.~~

~~In November 2017,~~entity affiliated with the operating general partner for its assumption 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~~$634,665 and cash proceeds to the investment ~~partnerships~~partnership of ~~$300,283 and $108,265 for Series 29 and Series 33, respectively.~~$9,600. Of the total proceeds received, ~~by the investment partnerships, $3,675 and $1,325 for Series 29 and Series 33, respectively,~~$2,500 was paid to BCAMLP for expenses related to the ~~sale,~~transfer, 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~~approximately $7,100 were returned to cash ~~reserves.~~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 ~~sale~~transfer of the Operating Partnership of the proceeds from the ~~sale,~~transfer, 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~~$7,100 as of ~~March 31, 2018.~~ September 30, 2019.

In ~~addition, equity~~December 2019, the investment general partner transferred its interest in Jackson Place Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,110,303 and cash proceeds to the investment partnership of $23,824. Of the total proceeds received, $9,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,324 will be 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 ~~amount~~equity method of ~~$7,350 and $2,650 for Series 29 and Series 33, respectively, was recorded as~~accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the ~~sale~~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 $14,324 as of ~~March~~December 31, ~~2018.~~2019.

In December 2019, the investment general partner transferred its interest in Maplewood Apartments Partnership, a LA Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,048,996 and cash proceeds to the investment partnership of $23,824. Of the total proceeds received, $9,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,324 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.The transfer proceeds were received in January 2020; so a receivable in the amount of $14,324 was recorded as of December 31, 2019.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 $14,324 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in R.V.K.Y., Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,199,792 and cash proceeds to the investment partnership of $40,000. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $37,500 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 $37,500 as of December 31, 2019.

Series 29

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 29 reflects a net loss from Operating Partnerships of $(128,142) and $(161,623), respectively, which includes depreciation and amortization of $138,488 and $162,256, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in 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.

Westfield Apartments Partnership, A Louisiana Partnership

The Lincoln Hotel

Poplarville Housing Inc.

Ozark Associates, LP

Series 30

~~As of December 31, 2017, the average Qualified Occupancy for the series was 100%.~~The series did not have any properties as of December 31, 2019 and 2018.

For the nine month periods ended December 31, 2018 and 2017, Series 30 reflects a net loss from Operating Partnerships of $- and $(103,181), respectively, which includes depreciation and amortization of $- and $217,874, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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 be paid to BCAMLP for expenses related to the 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 Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $1,000 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $16,549 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 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 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $148,430 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $148,430 as of June 30, 2017. In July 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $2,091 which was returned to the cash reserves.

In June 2017, the investment general partner transferred its interest in C.V.V.A. Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,432,770 and cash proceeds to the investment partnership of $78,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $75,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. The transfer proceeds were not received as of June 30, 2017, so a receivable in the amount of $75,500 was recorded. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $75,500 as of June 30, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $39,963 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of June 30, 2017.

In March 2018, the investment general partner transferred its interest in Bellwood Four Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $578,951 and cash proceeds to the investment partnership of $14,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,500 as of March 31, 2018.

In June 2018, the investment general partner transferred its interest in Emerald Trace II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $206,800 and cash proceeds to the investment partnership of $24,506. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,506 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,506 as of June 30, 2018.

In June 2018, the investment general partner transferred its interest in Pyramid One, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,927 and cash proceeds to the investment partnership of $10,000. Of the total proceeds received, $5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $4,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $4,500 as of June 30, 2018.

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 was paid to BCAMLP for expenses related to the 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 Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $1,000 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $16,549 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Jeffries Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,313,353 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 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 $57,500 as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in K.G.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,695,038 and cash proceeds to the investment partnership of $50,000. 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 $47,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $47,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $48,627 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

Series 31

As of December 31, 2018, ~~and 2017,~~ the average Qualified Occupancy for the series was 100%.The series ~~had a total~~did not have any properties as of ~~1 property at~~ December 31, ~~2018, of which was at 100% Qualified Occupancy.~~2019.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 31 reflects a net loss from Operating Partnerships of ~~$(47,829)~~$- and ~~$(340,535)~~$(47,829), respectively, which includes depreciation and amortization of ~~$104,349~~$- and ~~$385,046,~~$104,349, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2017, the investment general partner transferred its interest in Ellisville Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $508,068 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of December 31, 2017.

In September 2017, the investment general partner transferred its interest in Hattiesburg Housing, Inc. to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $773,195 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 31.The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of December 31, 2017.

In June 2018, the investment general partner transferred its interest in Heritage One to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $814,632 and cash proceeds to the investment partnership of $11,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,500 as of June 30, 2018.

In July 2018, the investment general partner transferred its interest in N.M.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $781,448 and cash proceeds to the investment partnership of $42,000. Of the total proceeds received, $2,500 ~~will be~~was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $39,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. 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 $39,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $22,452 for Series 31 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing One Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,985,952 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 31. 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 of the proceeds from the ~~transferhas~~transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Two Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $954,499 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 31. 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 of the proceeds from the ~~transferhas~~transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Three Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $735,823 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 31. 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 of the proceeds from the ~~transferhas~~transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Four Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $676,092 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 31. 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 of the proceeds from the ~~transferhas~~transfer has been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in G.A.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $657,592 and cash proceeds to the investment partnership of $20,000. 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 $17,500 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 $17,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $18,842 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

~~Series 32~~

For the nine month periods ended December 31, 2018 and 2017, Series 32 reflects a net loss from Operating Partnerships of $(310,404) and $(376,982), respectively, which includes depreciation and amortization of $328,747 and $455,816, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~November 2016,~~April 2019, the operating general partner of ~~Cogic Village LDHA Limited Partnership~~Sencit Hampden Associates LP entered into an agreement to sell the property to ~~an unrelated third party buyer~~a non-affiliated entity and the transaction closed on ~~February 8, 2017.~~May 10, 2019. The sales price of the property was ~~$3,275,000,~~$2,700,000, which included the outstanding mortgage balance of approximately ~~$1,991,521, and cash proceeds to the investment partnership of $522,652.~~$973,555. Of the total proceeds received by the investment partnership, ~~$2,000~~$64,295 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $8,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of ~~$520,652 were~~$587,469 will be 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 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~~$587,469 as of ~~March 31, 2017.~~June 30, 2019. In ~~June 2017,~~September 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of ~~$14,506~~$31,431 which was returned to the cash reserves.

In July 2017, the operating general partner of Courtside Housing Associates, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 12, 2017. The sales price of the property was $3,625,000, which included the outstanding mortgage balance of approximately $600,000 and cash proceeds to the investment partnership of $1,536,999. Of the total proceeds received by the investment partnership, $3,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,533,999 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,533,999 as of December 31, 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,~~2019, the investment partnership received ~~additional proceeds equal to~~ its share of the final reconciliation of the Operating Partnership's cash in the amount of ~~$128,747~~$900 which was returned to the cash reserves.

Series 32

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at December 31, 2019, all of which were at 100% Qualified Occupancy

For the nine month periods ended December 31, 2019 and 2018, Series 32 reflects a net loss from Operating Partnerships of $(228,249) and $(310,404), respectively, which includes depreciation and amortization of $260,257 and $328,747, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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.

~~The~~ In March 2019, the investment ~~general partner will continue~~partnership received additional proceeds equal 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.

~~Pecan Manor Apartments~~

~~Parkside Plaza, LLP~~

~~Series 33~~

For the nine month periods ended December 31, 2018 and 2017, Series 33 reflects a net loss from Operating Partnerships of $(76,388) and $(147,866), respectively, which includes depreciation and amortization of $209,302 and $260,563, respectively. This is an interim period estimate; it is not indicativeits share of the ~~final year-end results.~~Operating Partnership's cash in the amount of $51,208 which was returned to the cash reserves.

In ~~October 2017,~~December 2019, the investment general partner transferred ~~their respective interests~~its interest in ~~Stearns Assisted Housing Associates~~Pearlwood Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$435,500~~$642,620 and cash proceeds to the investment ~~partnerships~~partnership of ~~$1,583 and $3,295 for Series 33 and Series 37, respectively.~~$147,500. Of the total proceeds received, ~~$633 and $1,318 for Series 33 and Series 37, respectively,~~$5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$950 and $1,977 for Series 33 and Series 37, respectively,~~$142,000 were returned to cash ~~reserves.~~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 transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of ~~$950 and $1,977 for Series 33 and Series 37, respectively,~~$142,000 as of December 31, ~~2017.~~2019.

In December 2019, the investment general partner transferred its interest in Pineridge Apartments Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,141,577 and cash proceeds to the investment partnership of $23,824. 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 $16,324 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 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 $16,324 as of December 31, 2019. In addition, equity outstanding for the Operating Partnership in the amount of ~~$66,504 and $138,438~~$1,229 for Series ~~33 and Series 37, respectively,~~32 was recorded as gain on the transfer of the Operating Partnership as of December 31, ~~2017.~~2019.

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.

Pecan Manor Apartments Partnership, A Louisiana Partnership in Commendam

Parkside Plaza, LLP

Series 33

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 33 reflects a net loss from Operating Partnerships of $(87,640) and $(76,388), respectively, which includes depreciation and amortization of $151,089 and $209,302, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~November 2017,~~September 2019, the operating general partner of ~~Harbor Pointe/MHT LDHA~~Northrock Housing Associates Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on ~~February 6, 2018.~~September 23, 2019. The sales price of the property was ~~$1,900,000,~~$5,547,522, which included the outstanding mortgage balance of approximately ~~$1,129,405~~$968,733 and cash proceeds to the investment partnerships of ~~$300,283~~$778,672 and ~~$108,265~~$1,445,882, for Series 2927 and Series 33, respectively. Of the total proceeds received by the investment partnerships, ~~$3,675~~$1,750 and ~~$1,325~~$3,250, for Series 2927 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~~$776,922 and ~~$106,940~~$1,442,632, for Series 2927 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~~$776,922 and ~~$106,940~~$1,442,632, for Series 2927 and Series 33, respectively, as of ~~March 31, 2018.~~September 30, 2019. In ~~addition, equity outstanding for~~December 2019, the investment partnership received its share of the final reconciliation of the Operating ~~Partnership~~Partnership's cash in the amount of ~~$7,350~~$14,520 and ~~$2,650~~$26,962 for Series 2927 and Series 33, respectively, which was ~~recorded as gain on~~returned to the ~~sale of the Operating Partnership as of March 31, 2018.~~cash reserves.

Series 34

As of December 31, ~~2018~~2019 and ~~2017, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at December 31,~~ 2018, ~~all of which were at 100% Qualified Occupancy.~~

For the nine month periods ended December 31, 2018 and 2017, Series 34 reflects a net loss from Operating Partnerships of $(68,669) and $(95,701), respectively, which includes depreciation and amortization of $205,643 and $206,720, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

~~RHP 96-I, L.P.~~

~~Belmont Affordable Housing II, LP~~

~~Series 35~~

~~As of December 31, 2018 and 2017,~~ the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at December 31, ~~2018,~~2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, ~~and 2017,~~ Series 3534 reflects a net loss from Operating Partnerships of ~~$(22,409)~~$(63,190) and ~~$(23,237)~~$(68,669), respectively, which includes depreciation and amortization of ~~$241,734~~$115,082 and ~~$254,427,~~$205,643, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In ~~September 2017,~~July 2019, the investment general partner transferred its interest in ~~Cypress Point~~Abby Ridge, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $216,241 and cash proceeds to the investment partnership of $262,500. 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 $257,500 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 $257,500 as of September 30, 2019.

In December 2019, the investment general partner transferred its interest in Belmont Affordable Housing II, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$1,480,787~~$307,057 and cash proceeds to the investment partnership of ~~$2,656,528.~~$31,500. Of the total proceeds received, ~~$3,000~~$4,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $27,000 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 $27,000 as of December 31, 2019.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, these Operating Partnership has exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

RHP 96-I, L.P.

Series 35

As of December 31, 2018, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of December 31, 2019.

For the nine month periods ended December 31, 2019 and 2018, Series 35 reflects a net loss from Operating Partnerships of $- and $(22,409), respectively, which includes depreciation and amortization of $- and $241,734, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In August 2019, the investment general partner transferred its interest in New Caney Housing II, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,027,284 and cash proceeds to the investment partnership of $150,000. Of the total proceeds received, $9,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$2,653,528~~$141,000 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~~$141,000 as of ~~December 31, 2017.~~September 30, 2019.

~~Series 36~~

~~As of December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at December 31, 2018, all of which were at 100% Qualified Occupancy.~~

For the nine month periods ended December 31, 2018 and 2017, Series 36 reflects a net loss from Operating Partnerships of $(56,064) and $(98,904), respectively, which includes depreciation and amortization of $83,885 and $126,835, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December ~~2017,~~2019, the ~~operating~~investment general partner ~~of Ashton Ridge L.D.H.A.,~~transferred its interest in Tennessee Partners XII 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~~for its assumption of ~~the property was $4,780,000, which included~~ the outstanding mortgage balance of approximately ~~$2,200,645. In addition, to~~$2,790,885 and 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.~~partnership of $1,422,642. Of the total proceeds received, ~~by the investment partnerships, $1,624 and $6,876 for Series 36 and Series 37, respectively,~~$8,000 was paid to BCAMLP for expenses related to the ~~sale,~~transfer, 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,~~approximately $1,414,642 were returned to cash ~~reserves.~~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 ~~sale~~transfer of the Operating Partnership of the proceeds from the ~~sale,~~transfer, 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,~~$1,414,642 as of December 31, 2018. In November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating Partnership's cash in the amounts of $9,941 and $41,726, which was returned to the cash reserves of Series 36 and Series 37, respectively.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

~~Wingfield Apartments Limited Partnership~~2019.

Series 3736

As of December 31, ~~2017,~~2018, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of December 31, ~~2018.~~2019.

For the nine month periods ended December 31, 2019 and 2018, ~~and 2017,~~ Series 3736 reflects a net loss from Operating Partnerships of $- and ~~$(88,845)~~$(56,064), respectively, which includes depreciation and amortization of $- and ~~$197,321,~~$83,885, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 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 $2,200,645. 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 December 31, 2018. In November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating Partnership's cash in the amounts of $9,941 and $41,726, which was returned to the cash reserves of Series 36 and Series 37, respectively.

In February 2019, the operating general partner of Willowbrook Apartments Partnership, A Louisiana Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 19, 2019. The sales price of the property was $1,625,000, which included the outstanding mortgage balance of approximately $522,219 and cash proceeds to the investment partnership of $481,325. 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 $476,325 will be 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 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 $476,325 as of June 30, 2019. In October ~~2017,~~2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $91,333 which was returned to the cash reserves.

In December 2019, the investment general partner transferred ~~their respective interests~~its interest in ~~Stearns Assisted Housing Associates~~Wingfield Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$435,500~~$1,052,315 and cash proceeds to the investment ~~partnerships~~partnership of ~~$1,583 and $3,295 for Series 33 and Series 37, respectively.~~$23,824. Of the total proceeds received, ~~$633 and $1,318 for Series 33 and Series 37, respectively,~~$9,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$950 and $1,977 for Series 33 and Series 37, respectively,~~$14,324 were returned to cash ~~reserves.~~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 ~~$950~~$14,324 as of December 31, 2019.

Series 37

The series did not have any properties as of December 31, 2019 and ~~$1,977~~2018.

In December 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 $2,200,645. 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 3336 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 December 31, ~~2017.~~2018. In ~~addition, equity outstanding for~~November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating ~~Partnership~~Partnership's cash in the ~~amount~~amounts of ~~$66,504~~$9,941 and ~~$138,438 for~~$41,726, which was returned to the cash reserves of Series 3336 and Series 37, ~~respectively, was recorded as gain on the transfer of the Operating Partnership as of December 31, 2017.~~respectively.

Series 38

As of December 31, 2018, ~~and 2017,~~ the average Qualified Occupancy for the series was 100%.The series ~~had a total~~did not have any properties as of ~~3 properties at~~ December 31, ~~2018, all of which were at 100% qualified occupancy.~~2019.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 38 reflects a net loss from Operating Partnerships of ~~$(6,692)~~$- and ~~$(78,178)~~$(6,692), respectively, which includes depreciation and amortization of ~~$233,270~~$- and ~~$279,470,~~$233,270, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In June 2018, the investment general partner transferred its interest in Heritage Two Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $823,454 and cash proceeds to the investment partnership of $10,500. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,000 were returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,000 as of June 30, 2018.

In February 2019, the operating general partner of Willowbrook II Apartments Partnership, A Louisiana Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 19, 2019. The sales price of the property was $1,625,000, which included the outstanding mortgage balance of approximately $425,416 and cash proceeds to the investment partnership of $527,974. 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 $522,974 will be returned to cash reserves held by Series 39

As38. 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 ~~December 31, 2017,~~ the ~~average Qualified Occupancy for~~investment partnership. After all outstanding obligations of the ~~series was 100%.The series did not have~~investment partnership are satisfied, any ~~properties~~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 $522,974 as of ~~December 31, 2018.~~

~~For~~June 30, 2019. In October 2019, the nine month periods ended December 31, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $-, respectively, which includes depreciation and amortization of $- and $-, respectively. This is an interim period estimate; it is not indicativeinvestment partnership received additional proceeds equal to its share of the ~~final year-end results.~~Operating Partnership's cash in the amount of $26,459 which was returned to the cash reserves.

In ~~December 2017,~~June 2019, the investment general partner transferred its interest in ~~Timber Trails I~~Aldine Westfield Apartments, Limited Partnership to ~~a non-affiliated~~an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$717,617~~$2,544,775 and cash proceeds to the investment partnership of ~~$22,779.~~$950,000. Of the total proceeds received, ~~$5,000~~$9,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$17,779~~$941,000 were returned to cash reserves held by Series ~~39.~~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 ~~$17,779~~$941,000 as of June 30, 2019.

In December 2019, the investment general partner transferred its interest in Hammond Place Apartments Partnership, A LA Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $915,109 and cash proceeds to the investment partnership of $23,824. 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 $16,324 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 $16,324 as of December 31, ~~2017.~~2019.

Series 39

The series did not have any properties as of December 31, 2019 and 2018.

Series 40

As of December 31, 2018, ~~and 2017,~~ the average Qualified Occupancy for the series was 100%.The series ~~had a total~~did not have any properties as of ~~8 properties at~~ December 31, ~~2018, all of which at 100% Qualified Occupancy.~~2019.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 40 reflects a net loss from Operating Partnerships of ~~$(267,374)~~$- and ~~$(501,422)~~$(267,374), respectively, which includes depreciation and amortization of ~~$378,996~~$- and ~~$493,185,~~$378,996, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2018, the investment general partner transferred its interest in MA No. 2 LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,003,723 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $5,500 ~~will be~~was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $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. 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 $44,500 as of December 31, 2018.

In ~~August 2017,~~January 2019, the investment general partner transferred ~~their respective interests~~its interest in ~~Springfield Metro,~~Sedgwick-Sundance Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$23,195,469~~$1,082,984 and cash proceeds to the investment partnership of $27,144. Of the total proceeds received, $9,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs and appraisal services. The remaining proceeds of approximately $17,644 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 $17,644 as of March 31, 2019. In addition, equity outstanding for the Operating Partnership in the amount of $102 for Series 40 was recorded as gain on the transfer of the Operating Partnership as of September 30, 2019.

In August 2019, the investment general partner transferred its interest in Capitol Five Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,185,023 and cash proceeds to the investment partnership of $40,594. Of the total proceeds received, $4,950 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $35,644 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 $35,644 as of September 30, 2019.

In September 2019, the operating general partner of Northrock Housing Associates II Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 23, 2019. The sales price of the property was $4,416,742, which included the outstanding mortgage balance of approximately $1,484,229 and cash proceeds to the investment partnership of $2,523,259. 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 $2,518,259 will be 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 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 $2,518,259 as of September 30, 2019. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $36,674 which was returned to the cash reserves.

In December 2019, the investment general partner transferred its interest in Carlyle Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $269,980 and cash proceeds to the investment partnership of $311,000. 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 $305,000 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 $305,000 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Center Place Apartments II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $631,880 and cash proceeds to the investment partnership of $19,059. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $15,559 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 $15,559 as of December 31, 2019.

In December 2019, the investment general partners transferred their respective interests in Meadowside Associates, LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,570,219 and cash proceeds to the investment partnerships of ~~$589,289~~$2,500 and ~~$720,242~~$2,500 for Series 40 and Series 41, respectively. Of the total proceeds received, ~~$337~~$1,250 and ~~$413~~$1,250 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~~$1,250 and ~~$719,829~~$1,250 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~~$1,250 and ~~$719,829~~$1,250 for Series 40 and Series 41, respectively, as of December 31, ~~2017.~~2019.

In ~~January~~December 2019, the investment general partner transferred its interest in ~~Sedgwick-Sundance Apartments, Limited~~Oakland Partnership, A Louisiana Partnership in Commendam to a an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$1,082,984~~$1,051,700 and cash proceeds to the investment partnership of ~~$27,144.~~$27,397. Of the total proceeds received, $9,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs and appraisal services. The remaining proceeds of approximately $17,644 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.

~~Center Place Apartments II Limited Partnership~~

~~Oakland Partnership, A Louisiana Partnership~~

~~Series 41~~

~~As of December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at December 31, 2018, all of which were at 100% Qualified Occupancy.~~

For the nine month periods ended December 31, 2018 and 2017, Series 41 reflects a net loss from Operating Partnerships of $(154,848) and $(464,495), respectively, which includes depreciation and amortization of $577,130 and $893,311, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively,$2,500 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,~~$24,897 were returned to cash ~~reserves.~~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 ~~$588,952 and $719,829 for Series 40 and Series 41, respectively,~~$24,897 as of December 31, ~~2017.~~2019.

In December ~~2017,~~2019, the investment general partner transferred its interest in ~~Bienville~~Western Gardens Partnership, A Louisiana Partnership in Commendam to ~~a non-affiliated~~an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately ~~$677,463~~$1,109,796 and cash proceeds to the investment partnership of ~~$18,179.~~$28,589. Of the total proceeds received, ~~$1,000~~$3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately ~~$17,179~~$25,089 were returned to cash reserves held by Series ~~41.~~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 ~~$17,179~~$25,089 as of December 31, ~~2017.~~2019.

Series 41

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 asAs of December 31, ~~2017.~~2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 10 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

~~In January~~For the nine month periods ended December 31, 2019 and 2018, ~~the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to~~Series 41 reflects a net loss from Operating Partnerships of $(163,836) and $(154,848), respectively, which includes depreciation and amortization of $509,026 and $577,130, 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 $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.final year-end results.

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.

In December 2019, the investment general partners transferred their respective interests in Meadowside Associates, LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,570,219 and cash proceeds to the investment partnerships of $2,500 and $2,500 for Series 40 and Series 41, respectively. Of the total proceeds received, $1,250 and $1,250 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 $1,250 and $1,250 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 $1,250 and $1,250 for Series 40 and Series 41, respectively, as of December 31, 2019.

~~Cedar Grove Apartments Phase I~~Rural Housing Partners of Mendota L.P.

Rural Housing Partners of ~~Mendota~~Fulton L.P.

Cedar Grove Apartments, Phase I L.P.

Series 42

As of December 31, ~~2018~~2019 and ~~2017,~~2018, the average Qualified Occupancy for the series was 100%. The series had a total of 97 properties at December 31, ~~2018,~~2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 42 reflects a net loss from Operating Partnerships of ~~$(314,612)~~$(289,969) and ~~$(595,763)~~$(314,612), respectively, which includes depreciation and amortization of ~~$501,382~~$425,836 and ~~$801,778,~~$501,382, 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 December 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 Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $726,453 and cash proceeds to the investment partnership of $37,779. Of the total proceeds received, $1,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $36,779 were returned to cash reserves held by Series 42. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $36,779 as of December 31, 2017.

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 November 2019, the investment general partners transferred their respective interests in Los Lunas Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $215,000 and cash proceeds to the investment partnerships of $277,458 and $138,542, for Series 24 and Series 42, respectively. Of the total proceeds received, $19,342 and $9,658, for Series 24 and Series 42, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $258,116 and $128,884, for Series 24 and Series 42, 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 $258,116 and $128,884, for Series 24 and Series 42, respectively, as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Crittenden County Partners, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $514,200 and cash proceeds to the investment partnership of $259,774. Of the total proceeds received, $7,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $252,774 were returned to cash reserves held by Series 42. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $252,774 as of December 31, 2019.

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.

Wingfield Apartments Partnership II, LP

Series 43

As of December 31, ~~2018~~2019 and ~~2017,~~2018, the average Qualified Occupancy for the series was 100%. The series had a total of 1411 properties at December 31, ~~2018,~~2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 43 reflects a net loss from Operating Partnerships of ~~$(368,103)~~$(308,936) and ~~$(792,307)~~$(368,103), respectively, which includes depreciation and amortization of ~~$788,153~~$559,039 and ~~$1,263,725,~~$788,153, 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 fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,000 as of June 30, ~~2018.~~

In December 2018, the investment general partner transferred its interest in Carpenter School I Elderly Apartments Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,342,297 and cash proceeds to the investment partnership of $40,000. Of the total proceeds received, $34,762 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfers. Of the remaining proceeds, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $738 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $738 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $26,082 for Series 43 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Henderson Fountainhead, A Texas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $807,402 and cash proceeds to the investment partnership of $43,200. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $39,700 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $39,700 as of December 31, 2018.

In January 2019, the investment general partner transferred its interest in MDI Limited Partnership #81 to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,027,416 and cash proceeds to the investment partnership of $360,000. Of the total proceeds received, $7,500 ~~will be~~was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $352,500 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $352,500 as of March 31, 2019.

In March 2019, the operating general partner of Alexander Mills, LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 31, 2019. The sales price of the property was $21,216,275, which included the outstanding mortgage balance of approximately $11,408,365 and cash proceeds to the investment partnerships of $1,065,532 and $1,302,317 for Series 43 and Series 44, respectively. Of the total proceeds received by the investment partnerships, $4,950 and $6,050 for Series 43 and Series 44, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,060,582 and $1,296,267 for Series 43 and Series 44, 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 $1,060,582 and $1,296,267 for Series 43 and Series 44, respectively, as of June 30, 2019. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $21,924 and $26,795 for Series 43 and Series 44, respectively, which was returned to the cash reserves.

In July 2019, the investment general partner transferred its interest in Gilbert Apartments, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $537,996 and cash proceeds to the investment partnership of $200,000. 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 $195,000 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $195,000 as of September 30, 2019.

Parkside Plaza, LLP

Series 44

As of December 31, ~~2018~~2019 and ~~2017,~~2018, the average Qualified Occupancy was 100%. The series had a total of 75 properties at December 31, ~~2018,~~2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 44 reflects a net loss from Operating Partnerships of ~~$(29,950)~~$(21,193) and ~~$(179,199)~~$(29,950), respectively, which includes depreciation and amortization of ~~$1,014,262~~$770,226 and ~~$1,025,862,~~$1,014,262, 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~~expired 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.

In September 2019, the operating general partner of Northrock Housing Associates Three Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 23, 2019. The sales price of the property was $2,640,737, which included the outstanding mortgage balance of approximately $709,074 and cash proceeds to the investment partnership of $1,565,456. 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 $1,560,456 will be returned to cash reserves held by Series 44. 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 $1,560,456 as of September 30, 2019. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $37,807 which was returned to the cash reserve.

Series 45

As of December 31, ~~2018~~2019 and ~~2017,~~2018, the average Qualified Occupancy for the series was 100%. The series had a total of 2520 properties at December 31, ~~2018,~~2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, ~~2018~~2019 and ~~2017,~~2018, Series 45 reflects a net loss from Operating Partnerships of ~~$(593,628)~~$(586,488) and ~~$(595,305)~~$(593,628), respectively, which includes depreciation and amortization of ~~$1,328,457~~$1,173,209 and ~~$1,476,660,~~$1,328,457, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Jefferson Housing, LP (Jefferson House) is a 101-unit property located in Lynchburg, VA. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations in conjunction with the Virginia Housing Development Authority. As of December 31, ~~2018,~~2019, the property is maintaining average occupancy of ~~89%~~79%. Reporting delays remain a consistent ~~issue.~~issue, and the investment general partner is concerned that the mortgage with VHDA is delinquent. The investment limited partner has reached out to the operating general partner as to the status; but has not received a reply to date. The operating general partner has an unlimited operating deficit guarantee. The low income housing tax credit compliance period ~~expires~~expired on December 31, 2019.

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and continues to operate below breakeven due to high operating expenses. Water expenses continue to rise as a result of a significant rate increase implemented in 2016. Additionally, the property has ongoing sewage pump and sewer line issues. The 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 $31,075 through December 2018, but a replacement reserve withdrawal in 2019 will reimburse expensed sewer line repairs totaling $15,428. Occupancy declined slightly in 2017, averaging 95% but has improved to an average of 97% in 2018. Effective September 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 charging a $50 fee per unit inspection. In April 2018, Mississippi Home Corporation completed a 100% file audit. The audit found 10 gross rent violations due to confusion over the Partnership's set-aside of 20/50. The operating general partner advanced $33,384 in 2018 to reimburse residents who were overcharged rents. Mississippi Home Corporation will issue a close out letter for the compliance audit after they receive a tenant ledger showing all rental rate overages were resolved for the entire 2018 calendar year. The investment limited 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.

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 gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $342,500 as of June 30, 2018.

In January 2019, the investment general partner transferred its interest in Borger Fountainhead, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $642,974 and cash proceeds to the investment partnership of $57,600. Of the total proceeds received, $3,500 ~~will be~~was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $54,100 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.

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.

~~Heritage Christian Home III, L.P.~~

~~Series 46~~

~~As of December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at December 31, 2018, all of which were at 100% Qualified Occupancy.~~

For the nine month periods ended December 31, 2018 and 2017, Series 46 reflects a net loss from Operating Partnerships of $(131,651) and $(282,209), respectively, which includes depreciation and amortization of $850,503 and $857,671, 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 above breakeven through 2018. Occupancy remains strong through the fourth quarter of 2018 averaging 97%. Property operations continue to be affected by high operating expenses. The investment general partner continues to work with the operating general partner and the management company to reduce expenses. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period expires on December 31, 2018. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Panola Housing Ltd. subsequent to December 31, 2018.

On November 22, 2016, the operating general partner of Agent Kensington Limited Partnership sold the property to an unrelated third party buyer. The sales price of the property was $6,625,000, which included the outstanding mortgage balance of approximately $4,023,594 and cash proceeds to the investment partnership of $398,183. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $393,183 were returned to cash reserves held by Series 46. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the ~~sale~~transfer of the Operating Partnership of the proceeds from the ~~sale,~~transfer, net of the overhead and expense reimbursement, has been recorded in the amount of ~~$393,183~~$54,100 as of March 31, 2019.

In January 2019, the investment general partner transferred its interest in Lorie Village, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $612,720 and cash proceeds to the investment partnership of $125,000. 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 $121,000 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $121,000 as of March 31, 2019.

In January 2019, the investment general partner transferred its interest in Lakeview Station Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $532,127 and cash proceeds to the investment partnership of $120,000. 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 $116,000 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $116,000 as of March 31, 2019.

In December 2019, the investment general partner transferred its interest in Lone Terrace Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,177,699 and cash proceeds to the investment partnership of $39,854. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $37,354 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $37,354 as of December 31, ~~2016.~~ 2019.

In December ~~2017,~~2019, the investment general partner transferred its interest in Sulphur Terrace Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,128,449 and cash proceeds to the investment partnership of $65,594. Of the total proceeds received, ~~additional~~$2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds ~~equal~~of approximately $63,094 were returned to ~~its share~~cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating ~~Partnership's cash~~Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of ~~$10,994 which was returned to the cash reserves.~~$63,094 as of December 31, 2019.

~~Saint Martin Apartments,~~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.

University Plaza Investment Group, LLLP

Series 46

As of December 31, 2019 and 2018, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at December 31, 2019, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2019 and 2018, Series 46 reflects a net loss from Operating Partnerships of $(77,590) and $(131,651), respectively, which includes depreciation and amortization of $851,223 and $850,503, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Linden-Shawnee Partners, L.P. ~~(Saint Martin~~(The Linden's Apartments) is a ~~40-unit~~54-unit family property located in ~~McComb, MS. The~~Shawnee, OK. During the second quarter of 2019 the property operated below breakeven ~~in 2017 mainly~~operations due to ~~high~~low occupancy and elevated operating ~~expenses and a reduction in rental income resulting from a decrease in occupancy. Average~~expenses. As of December 2019, occupancy ~~has improved through the fourth quarter of 2018, averaging 93% for the year which~~ is ~~up from 78% in 2017. Operations are slightly above breakeven mainly due to increased net rental income from improved occupancy.~~91%. The investment limited partner will continue to work with the operating general partner ~~on improving occupancy~~ and ~~reducing expenses.~~the management company to monitor and improve operations. The operating general partner is under an operating deficit guarantee through the end of compliance. The 15-year low income housing tax credit compliance period ~~for~~with respect to Linden-Shawnee Partners, L.P. expires on December 31, 2020.

Saint Martin Apartments, L.P. Is a 40-unit garden style property located in McComb, MS. During the fourth quarter of 2019 the property operated below breakeven operations due to elevated operating expenses. The investment limited partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner is under an operating deficit guarantee through the end of compliance. The 15-year low income housing tax credit compliance period with respect to Saint Martin Apartments, L.P. expires on December 31, 2020.

Off Balance Sheet Arrangements

None.

Principal Accounting Policies and Estimates

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), which require the Fund to make various estimates and assumptions. The following section is a summary of some aspects of those accounting policies that may require subjective or complex judgments and are most important to the portrayal of the Fund's financial condition and results of operations. The Fund believes that there is a low probability that the use of different estimates or assumptions in making these judgments would result in materially different amounts being reported in the financial statements.

The Fund is required to assess potential impairments to its long-lived assets, which are primarily investments in limited partnerships. The Fund accounts for its investment in limited partnerships in accordance with the equity method of accounting since the Fund does not control the operations of the Operating Partnerships. The purpose of an impairment analysis is to verify that the real estate investment balance reflected on the balance sheet does not exceed the value of the underlying investments.

If the book value of the Fund's investment in an Operating Partnership exceeds the estimated value derived by management, which generally consists of the remaining future Low-Income Housing Credits allocable to the Fund and the estimated residual value to the Fund, the Fund reduces its investment in the Operating Partnership.

The main reason an impairment loss typically occurs is that the annual operating losses, recorded in accordance with the equity method of accounting, of the investment in limited partnership does not reduce the balance as quickly as the annual use of the tax credits. In years prior to the year ended March 31, 2009, management included remaining tax credits as well as residual value in the calculated value of the underlying investments. However, management decided to take a more conservative approach to the investment calculation and determined that the majority of the residual value component of the valuation was zero for the years ended March 31, ~~2018~~2019 and ~~2017.~~2018. 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.

Change in Accounting Principle

In May 2014, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update 2014-09,Revenue from Contracts with Customers (Topic 606)("ASU 2014-09"), as amended by subsequent Accounting Standard Updates (collectively, "ASC 606"). The Partnership adopted ASC 606 during 2019 and applied the guidance on a retrospective basis. There was no impact as a result of the adoption of ASC 606 to recognize revenue on the financial statements of the Partnership as of and for the period ended December 31, 2019.

In August 2016, the FASB issued Accounting Standards Update 2016-15Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments. The Partnership adopted the update on a retrospective basis. The effect of the adoption was the application of an accounting policy election to classify distributions received from investees using the nature of the distribution approach. The Partnership classifies distributions from tax credit investments as returns on investment because the design of the project entity is to generate tax credits and losses rather than income from operations. Application of the accounting policy election had no impact on the presentation in the statement of cash flows in the current or prior reporting periods.

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 or any Series' internal control over financial reporting that occurred during the quarter ended December 31, ~~2018~~2019 that materially affected, or are reasonably likely to materially affect, the Fund's or any Series' internal control over financial reporting.

	(c)	Certifications

		The Certifications of the Principal Executive Officer and Principal Financial Officer of the Fund required by Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, which are filed or furnished as Exhibits 31.a, 31.b, 32.a and 32.b to this Quarterly Report on Form 10-Q, are applicable to each Series individually and the Fund as a whole.

PART II - OTHER INFORMATION

Item 1.
Legal Proceedings

None

Item 1A.
Risk Factors

There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, ~~2018.~~2019.

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 December 31, ~~2018~~2019 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

	Boston Capital Tax Credit Fund IV L.P.

	By:	Boston Capital Associates IV L.P. General Partner


	By:	BCA Associates Limited Partnership General Partner

	By:	C&M Management, Inc. General Partner

Date: February 13, ~~2019~~2020		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:

February 13, ~~2019~~2020	/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






February 13, ~~2019~~2020	/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.

Supplemental schedule of noncash investing and financing activities:

	The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$	-	$	1,070,891




	The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.	$	-	$	-

Item 1.	Legal Proceedings

	None

Item 1A.	Risk Factors

	There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, ~~2018.~~2019.

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 December 31, ~~2018~~2019 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herewith