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

Attached files

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended September 30, 2020
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.

Yes ý

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).

Yes ý

No 

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

Large accelerated filer □		Accelerated Filer □
Non-accelerated filer ý		Smaller Reporting Company ý
		Emerging Growth Company □

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

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

Yes 

No ý

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED JUNE 30, 2020

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)			88-115
		Condensed Statements of Cash Flows			116-143
		Notes to Condensed Financial Statements			144-179

	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			179-208

	Item 3. Quantitative and Qualitative Disclosures About Market Risk			209

	Item 4. Controls and Procedures			209

PART II OTHER INFORMATION

	Item 1. Legal Proceedings			210

	Item 1A. Risk Factors			210

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

	Item 3. Defaults Upon Senior Securities			210

	Item 4. Mine Safety Disclosures			210

	Item 5. Other Information			210

	Item 6. Exhibits			210

	Signatures			211

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		6,319,194		6,622,109
Other assets		28,738		15,088

	$	6,347,932	$	6,637,197




LIABILITIES

Accounts payable and accrued expenses	$	25,218	$	16,000
Accounts payable affiliates (Note C)		12,999,648		13,107,778
Capital contributions payable		1,039		1,039

		13,025,905		13,124,817


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 83,651,080 issued and 82,926,053 outstanding as of September 30, 2020 and March 31, 2020.		(6,231,282)		(6,042,833)
General Partner		(446,691)		(444,787)

		(6,677,973)		(6,487,620)

	$	6,347,932	$	6,637,197

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20


		September 30, 2020		March 31, 2020


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; 3,866,700 issued and 3,828,200 outstanding as of September 30, 2020 and March 31, 2020.		(754,767)		(754,767)
General Partner		754,767		754,767

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 21


		September 30, 2020		March 31, 2020


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 September 30, 2020 and March 31, 2020.		(898,231)		(898,231)
General Partner		898,231		898,231

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22


		September 30, 2020		March 31, 2020


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; 2,564,400 issued and 2,550,145 outstanding as of September 30, 2020 and March 31, 2020.		(2,448,362)		(2,448,362)
General Partner		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 BALANCE SHEETS

(Unaudited)

Series 23


		September 30, 2020		March 31, 2020


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; 3,336,727 issued and 3,303,327 outstanding as of September 30, 2020 and March 31, 2020.		(224,264)		(224,264)
General Partner		224,264		224,264

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24


		September 30, 2020		March 31, 2020


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; 2,169,878 issued and 2,150,053 outstanding as of September 30, 2020 and March 31, 2020.		173,404		173,404
General Partner		(173,404)		(173,404)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25


		September 30, 2020		March 31, 2020


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 September 30, 2020 and March 31, 2020.		219,815		219,815
General Partner		(219,815)		(219,815)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		539,061		576,004
Other assets		-		-

	$	539,061	$	576,004




LIABILITIES

Accounts payable and accrued expenses	$	165	$	-
Accounts payable affiliates (Note C)		4,282		-
Capital contributions payable		-		-

		4,447		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,995,900 issued and 3,929,074 outstanding as of September 30, 2020 and March 31, 2020.		847,610		888,586
General Partner		(312,996)		(312,582)

		534,614		576,004

	$	539,061	$	576,004

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27


		September 30, 2020		March 31, 2020


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; 2,460,700 issued and 2,431,350 outstanding as of September 30, 2020 and March 31, 2020.		133,264		133,264
General Partner		(133,264)		(133,264)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28


		June 30, 2020		March 31, 2020


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; 4,000,738 issued and 3,979,139 outstanding as of September 30, 2020 and March 31, 2020.		275,140		275,140
General Partner		(275,140)		(275,140)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		140,305		157,446
Other assets		-		-

	$	140,305	$	157,446




LIABILITIES

Accounts payable and accrued expenses	$	159	$	-
Accounts payable affiliates (Note C)		3,119,380		3,105,875
Capital contributions payable		785		785

		3,120,324		3,106,660


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,991,800 issued and 3,923,225 outstanding as of September 30, 2020 and March 31, 2020.		(2,611,572)		(2,581,075)
General Partner		(368,447)		(368,139)

		(2,980,019)		(2,949,214)

	$	140,305	$	157,446

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30


		September 30, 2020		March 31, 2020


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; 2,651,000 issued and 2,621,200 outstanding as of September 30, 2020 and March 31, 2020.		(883,119)		(883,119)
General Partner		883,119		883,119

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31


		September 30, 2020		March 31, 2020


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; 4,417,857 issued and 4,375,757 outstanding as of September 30, 2020 and March 31, 2020.		353,529		353,529
General Partner		(353,529)		(353,529)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		180,351		193,203
Other assets		-		-

	$	180,351	$	193,203




LIABILITIES

Accounts payable and accrued expenses	$	163	$	-
Accounts payable affiliates (Note C)		113,775		83,511
Capital contributions payable		-		-

		113,938		83,511


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,754,198 issued and 4,715,798 outstanding as of September 30, 2020 and March 31, 2020.		472,113		514,959
General Partner		(405,700)		(405,267)

		66,413		109,692

	$	180,351	$	193,203

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		543,367		561,941
Other assets		-		-

	$	543,367	$	561,941




LIABILITIES

Accounts payable and accrued expenses	$	89	$	-
Accounts payable affiliates (Note C)		9,777		-
Capital contributions payable		-		-

		9,866		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,636,533 issued and 2,606,833 outstanding as of September 30, 2020 and March 31, 2020.		753,946		782,102
General Partner		(220,445)		(220,161)

		533,501		561,941

	$	543,367	$	561,941

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		120,747		148,344
Other assets		-		-

	$	120,747	$	148,344




LIABILITIES

Accounts payable and accrued expenses	$	122	$	-
Accounts payable affiliates (Note C)		2,459,128		2,445,674
Capital contributions payable		-		-

		2,459,250		2,445,674


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,529,319 issued and 3,477,719 outstanding as of September 30, 2020 and March 31, 2020.		(2,014,728)		(1,973,967)
General Partner		(323,775)		(323,363)

		(2,338,503)		(2,297,330)

	$	120,747	$	148,344

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35


		September 30, 2020		March 31, 2020


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; 3,300,463 issued and 3,277,913 outstanding as of September 30, 2020 and March 31, 2020.		223,088		223,088
General Partner		(223,088)		(223,088)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36


		September 30, 2020		March 31, 2020


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; 2,106,838 issued and 2,083,704 outstanding as of September 30, 2020 and March 31, 2020.		148,221		148,221
General Partner		(148,221)		(148,221)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37


		September 30, 2020		March 31, 2020


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; 2,512,500 issued and 2,489,100 outstanding as of September 30, 2020 and March 31, 2020.		205,359		205,359
General Partner		(205,359)		(205,359)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38


		September 30, 2020		March 31, 2020


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; 2,543,100 issued and 2,536,200 outstanding as of September 30, 2020 and March 31, 2020.		188,889		188,889
General Partner		(188,889)		(188,889)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

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

	$	-	$	-




LIABILITIES

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

		-		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,292,151 issued and 2,288,351 outstanding as of September 30, 2020 and March 31, 2020.		196,043		196,043
General Partner		(196,043)		(196,043)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40


		September 30, 2020		March 31, 2020


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; 2,630,256 issued and 2,611,356 outstanding as of September 30, 2020 and March 31, 2020.		216,900		216,900
General Partner		(216,900)		(216,900)

		-		-

	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		376,940		352,239
Other assets		-		-

	$	376,940	$	352,239




LIABILITIES

Accounts payable and accrued expenses	$	2,599	$	-
Accounts payable affiliates (Note C)		2,704,207		2,647,829
Capital contributions payable		-		-

		2,706,806		2,647,829


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,891,626 issued and 2,867,676 outstanding as of September 30, 2020 and March 31, 2020.		(2,057,399)		(2,023,466)
General Partner		(272,467)		(272,124)

		(2,329,866)		(2,295,590)

	$	376,940	$	352,239

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,556,143		1,607,893
Other assets		11,300		11,300

	$	1,567,443	$	1,619,193




LIABILITIES

Accounts payable and accrued expenses	$	88	$	-
Accounts payable affiliates (Note C)		19,260		-
Capital contributions payable		254		254

		19,602		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 2,716,362 outstanding as of September 30, 2020 and March 31, 2020.		1,773,300		1,843,687
General Partner		(225,459)		(224,748)

		1,547,841		1,618,939

	$	1,567,443	$	1,619,193

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 43


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		1,480,476		1,416,291
Other assets		13,650		-

	$	1,494,126	$	1,416,291




LIABILITIES

Accounts payable and accrued expenses	$	15,996	$	-
Accounts payable affiliates (Note C)		19,371		-
Capital contributions payable		-		-

		35,367		-


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 3,637,987 issued and 3,617,987 outstanding as of September 30, 2020 and March 31, 2020.		1,765,692		1,723,649
General Partner		(306,933)		(307,358)

		1,458,759		1,416,291

	$	1,494,126	$	1,416,291

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 44


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		307,766		321,693
Other assets		-		-

	$	307,766	$	321,693




LIABILITIES

Accounts payable and accrued expenses	$	93	$	4,000
Accounts payable affiliates (Note C)		423,301		362,671
Capital contributions payable		-		-

		423,394		366,671


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,701,973 issued and 2,687,173 outstanding as of September 30, 2020 and March 31, 2020.		122,977		192,920
General Partner		(238,605)		(237,898)

		(115,628)		(44,978)

	$	307,766	$	321,693

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 45


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		555,295		859,371
Other assets		-		-

	$	555,295	$	859,371




LIABILITIES

Accounts payable and accrued expenses	$	5,640	$	12,000
Accounts payable affiliates (Note C)		1,921,963		2,351,836
Capital contributions payable		-		-

		1,927,603		2,363,836


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 4,014,367 issued and 3,996,467 outstanding as of September 30, 2020 and March 31, 2020.		(1,004,923)		(1,135,758)
General Partner		(367,385)		(368,707)

		(1,372,308)		(1,504,465)

	$	555,295	$	859,371

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 46


		September 30, 2020		March 31, 2020


INVESTMENTS IN OPERATING PARTNERSHIPS	$	-	$	-

OTHER ASSETS
Cash and cash equivalents		518,743		427,684
Other assets		3,788		3,788

	$	522,531	$	431,472




LIABILITIES

Accounts payable and accrued expenses	$	104	$	-
Accounts payable affiliates (Note C)		2,205,204		2,110,382
Capital contributions payable		-		-

		2,205,308		2,110,382


PARTNERS' CAPITAL (DEFICIT)

Assignees
Units of limited partnership interest, $10 stated value per BAC; 101,500,000 authorized BACs; 2,980,998 issued and 2,965,635 outstanding as of September 30, 2020 and March 31, 2020.		(1,403,207)		(1,399,379)
General Partner		(279,570)		(279,531)

		(1,682,777)		(1,678,910)

	$	522,531	$	431,472

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

		2020		2019

Income
Interest income	$	2,375	$	88,130
Other income		69,667		104,513

		72,042		192,643



Gain on disposition of Operating Partnerships		343,992		6,966,046


Expenses
Professional fees		153,825		314,129
Fund management fee, net (Note C)		165,087		341,092
General and administrative expenses		96,081		122,855

		414,993		778,076


NET INCOME (LOSS)	$	1,041	$	6,380,613




Net income (loss) allocated to assignees	$	1,030	$	6,316,810




Net income (loss) allocated to general partner	$	11	$	63,803




Net income (loss) per BAC	$	.00	$	.08

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 24

		2020		2019

Income
Interest income	$	-	$	894
Other income		-		-

		-		894



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		-		13,776
Fund management fee, net (Note C)		-		10,299
General and administrative expenses		-		5,732

		-		29,807


NET INCOME (LOSS)	$	-	$	(28,913)




Net income (loss) allocated to assignees	$	-	$	(28,624)




Net income (loss) allocated to general partner	$	-	$	(289)




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 September 30,
(Unaudited)

Series 25

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

		2020		2019

Income
Interest income	$	169	$	1,312
Other income		-		-

		169		1,312



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		12,751		16,317
Fund management fee, net (Note C)		4,282		13,938
General and administrative expenses		8,861		8,365

		25,894		38,620


NET INCOME (LOSS)	$	(25,725)	$	(37,308)




Net income (loss) allocated to assignees	$	(25,468)	$	(36,935)




Net income (loss) allocated to general partner	$	(257)	$	(373)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

		2020		2019

Income
Interest income	$	-	$	19,771
Other income		-		15,472

		-		35,243



Gain on disposition of Operating Partnerships		-		776,922


Expenses
Professional fees		-		11,510
Fund management fee, net (Note C)		-		3,635
General and administrative expenses		-		5,736

		-		20,881


NET INCOME (LOSS)	$	-	$	791,284




Net income (loss) allocated to assignees	$	-	$	783,372




Net income (loss) allocated to general partner	$	-	$	7,912




Net income (loss) per BAC	$	-	$	.32

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

		2020		2019

Income
Interest income	$	-	$	1,764
Other income		-		-

		-		1,764



Gain on disposition of Operating Partnerships		-		7,100


Expenses
Professional fees		-		13,529
Fund management fee, net (Note C)		-		7,296
General and administrative expenses		-		7,829

		-		28,654


NET INCOME (LOSS)	$	-	$	(19,790)




Net income (loss) allocated to assignees	$	-	$	(19,592)




Net income (loss) allocated to general partner	$	-	$	(198)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 29

		2020		2019

Income
Interest income	$	55	$	610
Other income		-		-

		55		610



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		8,276		15,795
Fund management fee, net (Note C)		6,651		7,260
General and administrative expenses		8,852		6,672

		23,779		29,727


NET INCOME (LOSS)	$	(23,724)	$	(29,117)




Net income (loss) allocated to assignees	$	(23,487)	$	(28,826)




Net income (loss) allocated to general partner	$	(237)	$	(291)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

		2020		2019

Income
Interest income	$	-	$	6,536
Other income		-		-

		-		6,536



Gain on disposition of Operating Partnerships		-		31,431


Expenses
Professional fees		-		19,370
Fund management fee, net (Note C)		-		-
General and administrative expenses		-		7,738

		-		27,108


NET INCOME (LOSS)	$	-	$	10,859




Net income (loss) allocated to assignees	$	-	$	10,751




Net income (loss) allocated to general partner	$	-	$	108




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

		2020		2019

Income
Interest income	$	65	$	1,125
Other income		10,008		4,320

		10,073		5,445



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		9,526		15,115
Fund management fee, net (Note C)		8,632		19,794
General and administrative expenses		8,867		8,155

		27,025		43,064


NET INCOME (LOSS)	$	(16,952)	$	(37,619)




Net income (loss) allocated to assignees	$	(16,782)	$	(37,243)




Net income (loss) allocated to general partner	$	(170)	$	(376)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,

(Unaudited)

Series 33

		2020		2019

Income
Interest income	$	238	$	937
Other income		10,008		14,427

		10,246		15,364



Gain on disposition of Operating Partnerships		-		1,442,632


Expenses
Professional fees		8,001		13,772
Fund management fee, net (Note C)		3,277		13,316
General and administrative expenses		8,455		6,383

		19,733		33,471


NET INCOME (LOSS)	$	(9,487)	$	1,424,525




Net income (loss) allocated to assignees	$	(9,393)	$	1,410,280




Net income (loss) allocated to general partner	$	(94)	$	14,245




Net income (loss) per BAC	$	(.00)	$	.54

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

		2020		2019

Income
Interest income	$	49	$	825
Other income		-		2,100

		49		2,925



Gain on disposition of Operating Partnerships		-		257,500


Expenses
Professional fees		11,904		12,207
Fund management fee, net (Note C)		3,727		11,496
General and administrative expenses		8,630		6,010

		24,261		29,713


NET INCOME (LOSS)	$	(24,212)	$	230,712




Net income (loss) allocated to assignees	$	(23,970)	$	228,405




Net income (loss) allocated to general partner	$	(242)	$	2,307




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

		2020		2019

Income
Interest income	$	-	$	13,538
Other income		-		2,180

		-		15,718



Gain on disposition of Operating Partnerships		-		141,000


Expenses
Professional fees		-		10,813
Fund management fee, net (Note C)		-		9,847
General and administrative expenses		-		5,943

		-		26,603


NET INCOME (LOSS)	$	-	$	130,115




Net income (loss) allocated to assignees	$	-	$	128,814




Net income (loss) allocated to general partner	$	-	$	1,301




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

Series 36

		2020		2019

Income
Interest income	$	-	$	10,538
Other income		-		-

		-		10,538



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		-		12,135
Fund management fee, net (Note C)		-		2,739
General and administrative expenses		-		6,011

		-		20,885


NET INCOME (LOSS)	$	-	$	(10,347)




Net income (loss) allocated to assignees	$	-	$	(10,244)




Net income (loss) allocated to general partner	$	-	$	(103)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

		2020		2019

Income
Interest income	$	-	$	9,160
Other income		-		5,700

		-		14,860



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		-		12,832
Fund management fee, net (Note C)		-		(258)
General and administrative expenses		-		5,515

		-		18,089


NET INCOME (LOSS)	$	-	$	(3,229)




Net income (loss) allocated to assignees	$	-	$	(3,196)




Net income (loss) allocated to general partner	$	-	$	(33)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 40

		2020		2019

Income
Interest income	$	-	$	637
Other income		-		6,639

		-		7,276



Gain on disposition of Operating Partnerships		-		2,554,005


Expenses
Professional fees		-		17,624
Fund management fee, net (Note C)		-		19,612
General and administrative expenses		-		5,498

		-		42,734


NET INCOME (LOSS)	$	-	$	2,518,547




Net income (loss) allocated to assignees	$	-	$	2,493,362




Net income (loss) allocated to general partner	$	-	$	25,185




Net income (loss) per BAC	$	-	$	.95

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 41

		2020		2019

Income
Interest income	$	138	$	878
Other income		886		1,302

		1,024		2,180



Gain on disposition of Operating Partnerships		46,500		-


Expenses
Professional fees		12,851		18,902
Fund management fee, net (Note C)		25,564		31,714
General and administrative expenses		8,609		5,881

		47,024		56,497


NET INCOME (LOSS)	$	500	$	(54,317)




Net income (loss) allocated to assignees	$	495	$	(53,774)




Net income (loss) allocated to general partner	$	5	$	(543)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 42

		2020		2019

Income
Interest income	$	612	$	4,826
Other income		-		4,715

		612		9,541



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		14,817		21,209
Fund management fee, net (Note C)		19,260		23,338
General and administrative expenses		8,533		5,708

		42,610		50,255


NET INCOME (LOSS)	$	(41,998)	$	(40,714)




Net income (loss) allocated to assignees	$	(41,578)	$	(40,306)




Net income (loss) allocated to general partner	$	(420)	$	(408)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 43

		2020		2019

Income
Interest income	$	593	$	5,746
Other income		364		4,988

		957		10,734



Gain on disposition of Operating Partnerships		97,800		195,000


Expenses
Professional fees		15,992		24,014
Fund management fee, net (Note C)		12,676		20,125
General and administrative expenses		8,785		6,184

		37,453		50,323


NET INCOME (LOSS)	$	61,304	$	155,411




Net income (loss) allocated to assignees	$	60,691	$	153,857




Net income (loss) allocated to general partner	$	613	$	1,554




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

Series 44

		2020		2019

Income
Interest income	$	106	$	4,319
Other income		11,054		11,961

		11,160		16,280



Gain on disposition of Operating Partnerships		-		1,560,456


Expenses
Professional fees		11,676		14,791
Fund management fee, net (Note C)		27,041		37,351
General and administrative expenses		8,497		5,658

		47,214		57,800


NET INCOME (LOSS)	$	(36,054)	$	1,518,936




Net income (loss) allocated to assignees	$	(35,693)	$	1,503,747




Net income (loss) allocated to general partner	$	(361)	$	15,189




Net income (loss) per BAC	$	(.01)	$	.56

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 45

		2020		2019

Income
Interest income	$	137	$	3,625
Other income		8,199		8,725

		8,336		12,350



Gain on disposition of Operating Partnerships		199,692		-


Expenses
Professional fees		30,940		31,242
Fund management fee, net (Note C)		13,068		59,591
General and administrative expenses		8,904		7,853

		52,912		98,686


NET INCOME (LOSS)	$	155,116	$	(86,336)




Net income (loss) allocated to assignees	$	153,564	$	(85,473)




Net income (loss) allocated to general partner	$	1,552	$	(863)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 46

		2020		2019

Income
Interest income	$	213	$	1,089
Other income		29,148		21,984

		29,361		23,073



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		17,091		19,176
Fund management fee, net (Note C)		40,909		49,999
General and administrative expenses		9,088		5,984

		67,088		75,159


NET INCOME (LOSS)	$	(37,727)	$	(52,086)




Net income (loss) allocated to assignees	$	(37,349)	$	(51,565)




Net income (loss) allocated to general partner	$	(378)	$	(521)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

		2020		2019

Income
Interest income	$	7,895	$	157,936
Other income		118,008		212,121

		125,903		370,057



Gain on disposition of Operating Partnerships		430,992		11,850,663


Expenses
Professional fees		217,040		327,696
Fund management fee, net (Note C)		371,686		585,774
General and administrative expenses		158,522		226,337

		747,248		1,139,807


NET INCOME (LOSS)	$	(190,353)	$	11,080,913




Net income (loss) allocated to assignees	$	(188,449)	$	10,970,106




Net income (loss) allocated to general partner	$	(1,904)	$	110,807




Net income (loss) per BAC	$	(.00)	$	.13

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 24

		2020		2019

Income
Interest income	$	-	$	1,683
Other income		-		1,680

		-		3,363



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		-		14,433
Fund management fee, net (Note C)		-		18,242
General and administrative expenses		-		10,515

		-		43,190


NET INCOME (LOSS)	$	-	$	(39,827)




Net income (loss) allocated to assignees	$	-	$	(39,429)




Net income (loss) allocated to general partner	$	-	$	(398)




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
Six Months Ended September 30,
(Unaudited)

Series 25

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

		2020		2019

Income
Interest income	$	844	$	2,437
Other income		-		420

		844		2,857



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		18,168		16,974
Fund management fee, net (Note C)		8,564		26,876
General and administrative expenses		15,502		15,175

		42,234		59,025


NET INCOME (LOSS)	$	(41,390)	$	(56,168)




Net income (loss) allocated to assignees	$	(40,976)	$	(55,606)




Net income (loss) allocated to general partner	$	(414)	$	(562)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

		2020		2019

Income
Interest income	$	-	$	40,073
Other income		-		15,472

		-		55,545



Gain on disposition of Operating Partnerships		-		776,922


Expenses
Professional fees		-		12,167
Fund management fee, net (Note C)		-		8,890
General and administrative expenses		-		10,571

		-		31,628


NET INCOME (LOSS)	$	-	$	800,839




Net income (loss) allocated to assignees	$	-	$	792,831




Net income (loss) allocated to general partner	$	-	$	8,008




Net income (loss) per BAC	$	-	$	0.33

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

		2020		2019

Income
Interest income	$	-	$	2,976
Other income		-		446

		-		3,422



Gain on disposition of Operating Partnerships		-		7,100


Expenses
Professional fees		-		14,186
Fund management fee, net (Note C)		-		12,592
General and administrative expenses		-		14,207

		-		40,985


NET INCOME (LOSS)	$	-	$	(30,463)




Net income (loss) allocated to assignees	$	-	$	(30,158)




Net income (loss) allocated to general partner	$	-	$	(305)




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
Six Months Ended September 30,
(Unaudited)

Series 29

		2020		2019

Income
Interest income	$	250	$	1,334
Other income		-		-

		250		1,334



Gain on disposition of Operating Partnerships		9,500		-


Expenses
Professional fees		13,123		16,452
Fund management fee, net (Note C)		13,505		14,520
General and administrative expenses		13,927		12,503

		40,555		43,475


NET INCOME (LOSS)	$	(30,805)	$	(42,141)




Net income (loss) allocated to assignees	$	(30,497)	$	(41,720)




Net income (loss) allocated to general partner	$	(308)	$	(421)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

		2020		2019

Income
Interest income	$	-	$	10,540
Other income		-		-

		-		10,540



Gain on disposition of Operating Partnerships		-		618,900


Expenses
Professional fees		-		20,027
Fund management fee, net (Note C)		-		(59,987)
General and administrative expenses		-		14,489

		-		(25,471)


NET INCOME (LOSS)	$	-	$	654,911




Net income (loss) allocated to assignees	$	-	$	648,362




Net income (loss) allocated to general partner	$	-	$	6,549




Net income (loss) per BAC	$	-	$	.15

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

		2020		2019

Income
Interest income	$	315	$	2,048
Other income		10,008		4,320

		10,323		6,368



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		14,373		16,314
Fund management fee, net (Note C)		23,764		26,588
General and administrative expenses		15,465		14,855

		53,602		57,757


NET INCOME (LOSS)	$	(43,279)	$	(51,389)




Net income (loss) allocated to assignees	$	(42,846)	$	(50,875)




Net income (loss) allocated to general partner	$	(433)	$	(514)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,

(Unaudited)

Series 33

		2020		2019

Income
Interest income	$	696	$	1,800
Other income		10,008		14,427

		10,704		16,227



Gain on disposition of Operating Partnerships		-		1,442,632


Expenses
Professional fees		12,468		14,971
Fund management fee, net (Note C)		13,054		9,214
General and administrative expenses		13,622		11,574

		39,144		35,759


NET INCOME (LOSS)	$	(28,440)	$	1,423,100




Net income (loss) allocated to assignees	$	(28,156)	$	1,408,869




Net income (loss) allocated to general partner	$	(284)	$	14,231




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

		2020		2019

Income
Interest income	$	286	$	1,458
Other income		-		2,100

		286		3,558



Gain on disposition of Operating Partnerships		-		257,500


Expenses
Professional fees		16,561		12,864
Fund management fee, net (Note C)		10,454		20,861
General and administrative expenses		14,444		11,262

		41,459		44,987


NET INCOME (LOSS)	$	(41,173)	$	216,071




Net income (loss) allocated to assignees	$	(40,761)	$	213,910




Net income (loss) allocated to general partner	$	(412)	$	2,161




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

		2020		2019

Income
Interest income	$	-	$	25,729
Other income		-		5,963

		-		31,692



Gain on disposition of Operating Partnerships		-		141,000


Expenses
Professional fees		-		11,470
Fund management fee, net (Note C)		-		17,300
General and administrative expenses		-		11,126

		-		39,896


NET INCOME (LOSS)	$	-	$	132,796




Net income (loss) allocated to assignees	$	-	$	131,468




Net income (loss) allocated to general partner	$	-	$	1,328




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 36

		2020		2019

Income
Interest income	$	-	$	20,501
Other income		-		-

		-		20,501



Gain on disposition of Operating Partnerships		-		476,325


Expenses
Professional fees		-		12,792
Fund management fee, net (Note C)		-		7,911
General and administrative expenses		-		10,850

		-		31,553


NET INCOME (LOSS)	$	-	$	465,273




Net income (loss) allocated to assignees	$	-	$	460,620




Net income (loss) allocated to general partner	$	-	$	4,653




Net income (loss) per BAC	$	-	$	.22

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

		2020		2019

Income
Interest income	$	-	$	12,362
Other income		-		5,700

		-		18,062



Gain on disposition of Operating Partnerships		-		1,463,974


Expenses
Professional fees		-		13,489
Fund management fee, net (Note C)		-		16,323
General and administrative expenses		-		10,188

		-		40,000


NET INCOME (LOSS)	$	-	$	1,442,036




Net income (loss) allocated to assignees	$	-	$	1,427,616




Net income (loss) allocated to general partner	$	-	$	14,420




Net income (loss) per BAC	$	-	$	.56

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

		2020		2019

Income
Interest income	$	-	$	-
Other income		-		-

		-		-



Gain on disposition of Operating Partnerships		-		-


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

		-		-


NET INCOME (LOSS)	$	-	$	-




Net income (loss) allocated to assignees	$	-	$	-




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




Net income (loss) per BAC	$	-	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 40

		2020		2019

Income
Interest income	$	-	$	1,332
Other income		-		6,639

		-		7,971



Gain on disposition of Operating Partnerships		-		2,554,005


Expenses
Professional fees		-		18,281
Fund management fee, net (Note C)		-		33,102
General and administrative expenses		-		10,152

		-		61,535


NET INCOME (LOSS)	$	-	$	2,500,441




Net income (loss) allocated to assignees	$	-	$	2,475,437




Net income (loss) allocated to general partner	$	-	$	25,004




Net income (loss) per BAC	$	-	$	.95

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 41

		2020		2019

Income
Interest income	$	519	$	1,683
Other income		3,392		47,364

		3,911		49,047



Gain on disposition of Operating Partnerships		46,500		-


Expenses
Professional fees		18,838		19,559
Fund management fee, net (Note C)		51,792		52,295
General and administrative expenses		14,057		10,890

		84,687		82,744


NET INCOME (LOSS)	$	(34,276)	$	(33,697)




Net income (loss) allocated to assignees	$	(33,933)	$	(33,360)




Net income (loss) allocated to general partner	$	(343)	$	(337)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 42

		2020		2019

Income
Interest income	$	1,529	$	9,597
Other income		-		9,569

		1,529		19,166



Gain on disposition of Operating Partnerships		-		-


Expenses
Professional fees		20,424		21,866
Fund management fee, net (Note C)		38,519		45,624
General and administrative expenses		13,684		10,535

		72,627		78,025


NET INCOME (LOSS)	$	(71,098)	$	(58,859)




Net income (loss) allocated to assignees	$	(70,387)	$	(58,270)




Net income (loss) allocated to general partner	$	(711)	$	(589)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 43

		2020		2019

Income
Interest income	$	1,812	$	7,835
Other income		1,238		5,862

		3,050		13,697



Gain on disposition of Operating Partnerships		106,800		1,255,582


Expenses
Professional fees		22,554		24,671
Fund management fee, net (Note C)		30,254		46,236
General and administrative expenses		14,574		11,542

		67,382		82,449


NET INCOME (LOSS)	$	42,468	$	1,186,830




Net income (loss) allocated to assignees	$	42,043	$	1,174,962




Net income (loss) allocated to general partner	$	425	$	11,868




Net income (loss) per BAC	$	.01	$	.32

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 44

		2020		2019

Income
Interest income	$	527	$	4,904
Other income		11,054		12,756

		11,581		17,660



Gain on disposition of Operating Partnerships		-		2,856,723


Expenses
Professional fees		17,283		15,448
Fund management fee, net (Note C)		51,136		85,282
General and administrative expenses		13,812		10,506

		82,231		111,236


NET INCOME (LOSS)	$	(70,650)	$	2,763,147




Net income (loss) allocated to assignees	$	(69,943)	$	2,735,516




Net income (loss) allocated to general partner	$	(707)	$	27,631




Net income (loss) per BAC	$	(.03)	$	1.02

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 45

		2020		2019

Income
Interest income	$	506	$	7,453
Other income		31,189		31,039

		31,695		38,492



Gain on disposition of Operating Partnerships		199,692		-


Expenses
Professional fees		39,597		31,899
Fund management fee, net (Note C)		44,572		109,435
General and administrative expenses		15,061		14,278

		99,230		155,612


NET INCOME (LOSS)	$	132,157	$	(117,120)




Net income (loss) allocated to assignees	$	130,835	$	(115,949)




Net income (loss) allocated to general partner	$	1,322	$	(1,171)




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

Series 46

		2020		2019

Income
Interest income	$	611	$	2,191
Other income		51,119		48,364

		51,730		50,555



Gain on disposition of Operating Partnerships		68,500		-


Expenses
Professional fees		23,651		19,833
Fund management fee, net (Note C)		86,072		94,470
General and administrative expenses		14,374		11,119

		124,097		125,422


NET INCOME (LOSS)	$	(3,867)	$	(74,867)




Net income (loss) allocated to assignees	$	(3,828)	$	(74,118)




Net income (loss) allocated to general partner	$	(39)	$	(749)




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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total


Partners' capital (deficit) April 1, 2020	$	(6,042,833)	$	(444,787)	$	(6,487,620)

Net income (loss)		(189,479)		(1,915)		(191,394)


Partners' capital (deficit), June 30, 2020		(6,232,312)		(446,702)		(6,679,014)

Net income (loss)		1,030		11		1,041


Partners' capital (deficit), September 30, 2020	$	(6,231,282)	$	(446,691)	$	(6,677,973)


		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 20
Partners' capital (deficit) April 1, 2020	$	(754,767)	$	754,767	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		(754,767)		754,767		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	(754,767)	$	754,767	$	-

		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	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited

		Assignees		General Partner		Total

Series 21
Partners' capital (deficit) April 1, 2020	$	(898,231)	$	898,231	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		(898,231)		898,231		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	(898,231)	$	898,231	$	-

		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	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited

		Assignees		General Partner		Total

Series 22
Partners' capital (deficit) April 1, 2020	$	(2,448,362)	$	2,448,362	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		(2,448,362)		2,448,362		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	(2,448,362)	$	2,448,362	$	-

		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	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited

		Assignees		General Partner		Total

Series 23
Partners' capital (deficit) April 1, 2020	$	(224,264)	$	224,264	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		(224,264)		224,264		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	(224,264)	$	224,264	$	-

		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	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 24
Partners' capital (deficit) April 1, 2020	$	173,404	$	(173,404)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		173,404		(173,404)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	173,404	$	(173,404)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 25
Partners' capital (deficit) April 1, 2020	$	219,815	$	(219,815)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		219,815		(219,815)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	219,815	$	(219,815)	$	-

		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)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 26
Partners' capital (deficit) April 1, 2020	$	888,586	$	(312,582)	$	576,004

Net income (loss)		(15,508)		(157)		(15,665)


Partners' capital (deficit), June 30, 2020		873,078		(312,739)		560,339

Net income (loss)		(25,468)		(257)		(25,725)


Partners' capital (deficit), September 30, 2020	$	847,610	$	(312,996)	$	534,614

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 27
Partners' capital (deficit) April 1, 2020	$	133,264	$	(133,264)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		133,264		(133,264)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	133,264	$	(133,264)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 28
Partners' capital (deficit) April 1, 2020	$	275,140	$	(275,140)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		275,140		(275,140)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	275,140	$	(275,140)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 29
Partners' capital (deficit) April 1, 2020	$	(2,581,075)	$	(368,139)	$	(2,949,214)

Net income (loss)		(7,010)		(71)		(7,081)


Partners' capital (deficit), June 30, 2020		(2,588,085)		(368,210)		(2,956,295)

Net income (loss)		(23,487)		(237)		(23,724)


Partners' capital (deficit), September 30, 2020	$	(2,611,572)	$	(368,447)	$	(2,980,019)

		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)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 30
Partners' capital (deficit) April 1, 2020	$	(883,119)	$	883,119	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		(883,119)		883,119		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	(883,119)	$	883,119	$	-

		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	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 31
Partners' capital (deficit) April 1, 2020	$	353,529	$	(353,529)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		353,529		(353,529)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	353,529	$	(353,529)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 32
Partners' capital (deficit) April 1, 2020	$	514,959	$	(405,267)	$	109,692

Net income (loss)		(26,064)		(263)		(26,327)


Partners' capital (deficit), June 30, 2020		488,895		(405,530)		83,365

Net income (loss)		(16,782)		(170)		(16,952)


Partners' capital (deficit), September 30, 2020	$	472,113	$	(405,700)	$	66,413

		Assignees		General Partner		Total

Series 32
Partners' capital (deficit) April 1, 2019	$	458,311	$	(405,839)	$	52,472

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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 33
Partners' capital (deficit) April 1, 2020	$	782,102	$	(220,161)	$	561,941

Net income (loss)		(18,763)		(190)		(18,953)


Partners' capital (deficit), June 30, 2020		763,339		(220,351)		542,988

Net income (loss)		(9,393)		(94)		(9,487)


Partners' capital (deficit), September 30, 2020	$	753,946	$	(220,445)	$	533,501

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 34
Partners' capital (deficit) April 1, 2020	$	(1,973,967)	$	(323,363)	$	(2,297,330)

Net income (loss)		(16,791)		(170)		(16,961)


Partners' capital (deficit), June 30, 2020		(1,990,758)		(323,533)		(2,314,291)

Net income (loss)		(23,970)		(242)		(24,212)


Partners' capital (deficit), September 30, 2020	$	(2,014,728)	$	(323,775)	$	(2,338,503)

		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)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 35
Partners' capital (deficit) April 1, 2020	$	223,088	$	(223,088)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		223,088		(223,088)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	223,088	$	(223,088)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 36
Partners' capital (deficit) April 1, 2020	$	148,221	$	(148,221)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		148,221		(148,221)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	148,221	$	(148,221)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 37
Partners' capital (deficit) April 1, 2020	$	205,359	$	(205,359)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		205,359		(205,359)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	205,359	$	(205,359)	$	-

		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)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 38
Partners' capital (deficit) April 1, 2020	$	188,889	$	(188,889)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		188,889		(188,889)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	188,889	$	(188,889)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 39
Partners' capital (deficit) April 1, 2020	$	196,043	$	(196,043)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		196,043		(196,043)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	196,043	$	(196,043)	$	-

		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)	$	-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 40
Partners' capital (deficit) April 1, 2020	$	216,900	$	(216,900)	$	-

Net income (loss)		-		-		-


Partners' capital (deficit), June 30, 2020		216,900		(216,900)		-

Net income (loss)		-		-		-


Partners' capital (deficit), September 30, 2020	$	216,900	$	(216,900)	$	-

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 41
Partners' capital (deficit) April 1, 2020	$	(2,023,466)	$	(272,124)	$	(2,295,590)

Net income (loss)		(34,428)		(348)		(34,776)


Partners' capital (deficit), June 30, 2020		(2,057,894)		(272,472)		(2,330,366)

Net income (loss)		495		5		500


Partners' capital (deficit), September 30, 2020	$	(2,057,399)	$	(272,467)	$	(2,329,866)

		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)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 42
Partners' capital (deficit) April 1, 2020	$	1,843,687	$	(224,748)	$	1,618,939

Net income (loss)		(28,809)		(291)		(29,100)


Partners' capital (deficit), June 30, 2020		1,814,878		(225,039)		1,589,839

Net income (loss)		(41,578)		(420)		(41,998)


Partners' capital (deficit), September 30, 2020	$	1,773,300	$	(225,459)	$	1,547,841

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 43
Partners' capital (deficit) April 1, 2020	$	1,723,649	$	(307,358)	$	1,416,291

Net income (loss)		(18,648)		(188)		(18,836)


Partners' capital (deficit), June 30, 2020		1,705,001		(307,546)		1,397,455

Net income (loss)		60,691		613		61,304


Partners' capital (deficit), September 30, 2020	$	1,765,692	$	(306,933)	$	1,458,759

		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

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 44
Partners' capital (deficit) April 1, 2020	$	192,920	$	(237,898)	$	(44,978)

Net income (loss)		(34,250)		(346)		(34,596)


Partners' capital (deficit), June 30, 2020		158,670		(238,244)		(79,574)

Net income (loss)		(35,693)		(361)		(36,054)


Partners' capital (deficit), September 30, 2020	$	122,977	$	(238,605)	$	(115,628)

		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)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 45
Partners' capital (deficit) April 1, 2020	$	(1,135,758)	$	(368,707)	$	(1,504,465)

Net income (loss)		(22,729)		(230)		(22,959)


Partners' capital (deficit), June 30, 2020		(1,158,487)		(368,937)		(1,527,424)

Net income (loss)		153,564		1,552		155,116


Partners' capital (deficit), September 30, 2018	$	(1,004,923)	$	(367,385)	$	(1,372,308)

		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)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2020 and 2019
(Unaudited)

		Assignees		General Partner		Total

Series 46
Partners' capital (deficit) April 1, 2020	$	(1,399,379)	$	(279,531)	$	(1,678,910)

Net income (loss)		33,521		339		33,860


Partners' capital (deficit), June 30, 2020		(1,365,858)		(279,192)		(1,645,050)

Net income (loss)		(37,349)		(378)		(37,727)


Partners' capital (deficit), September 30, 2018	$	(1,403,207)	$	(279,570)	$	(1,682,777)

		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)

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(190,353)	$	11,080,913
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		(430,992)		(11,850,663)
Changes in assets and liabilities
Increase in other assets		(13,650)		-
(Decrease) Increase in accounts payable and accrued expenses		9,218		(9,044)
(Decrease) Increase in accounts payable affiliates		(108,130)		(2,345,707)


Net cash provided by (used in) operating activities		(733,907)		(3,124,501)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		430,992		11,850,561


Net cash provided by investing activities		430,992		11,850,561

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(302,915)		8,726,060


Cash and cash equivalents, beginning		6,622,109		22,926,529


Cash and cash equivalents, ending	$	6,319,194	$	31,652,589

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 20

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 21

		2020		2019


Cash flows from operating activities:
Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 22

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 23

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 24

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	(39,827)
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


Net cash provided by (used in) operating activities		-		(39,827)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(39,827)


Cash and cash equivalents, beginning		-		402,018


Cash and cash equivalents, ending	$	-	$	362,191

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 25

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,

(Unaudited)

Series 26

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(41,390)	$	(56,168)
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		165		-
(Decrease) Increase in accounts payable affiliates		4,282		-


Net cash provided by (used in) operating activities		(36,943)		(56,168)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(36,943)		(56,168)


Cash and cash equivalents, beginning		576,004		554,439


Cash and cash equivalents, ending	$	539,061	$	498,271

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 27

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	800,839
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(776,922)
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 provided by (used in) operating activities		-		23,917


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		776,922


Net cash provided by investing activities		-		776,922

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		800,839


Cash and cash equivalents, beginning		-		6,500,234


Cash and cash equivalents, ending	$	-	$	7,301,073

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 28

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	(30,463)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(7,100)
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 provided by (used in) operating activities		-		(37,563)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		7,100


Net cash provided by investing activities		-		7,100

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		(30,463)


Cash and cash equivalents, beginning		-		690,605


Cash and cash equivalents, ending	$	-	$	660,142

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,

(Unaudited)

Series 29

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(30,805)	$	(42,141)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		(9,500)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		159		-
(Decrease) Increase in accounts payable affiliates		13,505		14,520


Net cash provided by (used in) operating activities		(26,641)		(27,621)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		9,500		-


Net cash provided by investing activities		9,500		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(17,141)		(27,621)


Cash and cash equivalents, beginning		157,446		196,944


Cash and cash equivalents, ending	$	140,305	$	169,323

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 30

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 31

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	654,911
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(618,900)
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 provided by (used in) operating activities		-		36,011


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		618,900


Net cash provided by investing activities		-		618,900


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		654,911


Cash and cash equivalents, beginning		-		1,953,570


Cash and cash equivalents, ending	$	-	$	2,608,481

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 32

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(43,279)	$	(51,389)
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		163		-
(Decrease) Increase in accounts payable affiliates		30,264		(11,620)


Net cash provided by (used in) operating activities		(12,852)		(63,009)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(12,852)		(63,009)


Cash and cash equivalents, beginning		193,203		272,226


Cash and cash equivalents, ending	$	180,351	$	209,217

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 33

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(28,440)	$	1,423,100
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(1,442,632)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		89		-
(Decrease) Increase in accounts payable affiliates		9,777		(1,099,287)


Net cash provided by (used in) operating activities		(18,574)		(1,118,819)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		1,442,632


Net cash provided by investing activities		-		1,442,632

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(18,574)		323,813


Cash and cash equivalents, beginning		561,941		236,612


Cash and cash equivalents, ending	$	543,367	$	560,425

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 34

				2020		2019


Cash flows from operating activities:

Net income (loss)		$		(41,173)	$	216,071
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships				-		(257,500)
Changes in assets and liabilities
Increase in other assets				-		-
(Decrease) Increase in accounts payable and accrued expenses				122		-
(Decrease) Increase in accounts payable affiliates				13,454		23,861


Net cash provided by (used in) operating activities				(27,597)		(17,568)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships				-		257,500


Net cash provided by investing activities				-		257,500

				-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS				(27,597)		239,932


Cash and cash equivalents, beginning				148,344		178,285


Cash and cash equivalents, ending		$		120,747	$	418,217



Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 35

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	132,796
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(141,000)
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 provided by (used in) operating activities		-		(8,204)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		141,000


Net cash provided by investing activities		-		141,000

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		132,796


Cash and cash equivalents, beginning		-		4,395,774


Cash and cash equivalents, ending	$	-	$	4,528,570

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 36

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	465,273
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(476,325)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(4,900)
(Decrease) Increase in accounts payable affiliates		-		-


Net cash provided by (used in) operating activities		-		(15,952)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		476,325


Net cash provided by investing activities		-		476,325

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		460,373


Cash and cash equivalents, beginning		-		2,541,359


Cash and cash equivalents, ending	$	-	$	3,001,732

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 37

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 38

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	1,442,036
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(1,463,974)
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 provided by (used in) operating activities		-		(21,938)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		1,463,974


Net cash provided by investing activities		-		1,463,974

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		1,442,036


Cash and cash equivalents, beginning		-		1,499,106


Cash and cash equivalents, ending	$	-	$	2,941,142

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 39

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		-		-


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


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		-


Cash and cash equivalents, beginning		-		-


Cash and cash equivalents, ending	$	-	$	-

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 40

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	-	$	2,500,441
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(2,554,005)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		-		(4,144)
(Decrease) Increase in accounts payable affiliates		-		(1,148,217)


Net cash provided by (used in) operating activities		-		(1,205,925)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		2,553,903


Net cash provided by investing activities		-		2,553,903

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		-		1,347,978


Cash and cash equivalents, beginning		-		193,344


Cash and cash equivalents, ending	$	-	$	1,541,322

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 41

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(34,276)	$	(33,697)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		(46,500)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		2,599		-
(Decrease) Increase in accounts payable affiliates		56,378		68,154


Net cash provided by (used in) operating activities		(21,799)		34,457


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		46,500		-


Net cash provided by investing activities		46,500		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		24,701		34,457


Cash and cash equivalents, beginning		352,239		246,214


Cash and cash equivalents, ending	$	376,940	$	280,671

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 42

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(71,098)	$	(58,859)
Adjustments to reconcile net income (loss) to net cash provided by (used in) 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		88		-
(Decrease) Increase in accounts payable affiliates		19,260		-


Net cash provided by (used in) operating activities		(51,750)		(58,859)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		-


Net cash provided by investing activities		-		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(51,750)		(58,859)


Cash and cash equivalents, beginning		1,607,893		1,300,483


Cash and cash equivalents, ending	$	1,556,143	$	1,241,624

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 43

			2020		2019


Cash flows from operating activities:

Net income (loss)		$	42,468	$	1,186,830
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships			(106,800)		(1,255,582)
Changes in assets and liabilities
Increase in other assets			(13,650)		-
(Decrease) Increase in accounts payable and accrued expenses			15,996		-
(Decrease) Increase in accounts payable affiliates			19,371		(168,259)


Net cash provided by (used in) operating activities			(42,615)		(237,011)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships			106,800		1,255,582


Net cash provided by investing activities			106,800		1,255,582

			-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			64,185		1,018,571


Cash and cash equivalents, beginning			1,416,291		414,540


Cash and cash equivalents, ending		$	1,480,476	$	1,433,111



Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 44

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(70,650)	$	2,763,147
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		-		(2,856,723)
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		(3,907)		-
(Decrease) Increase in accounts payable affiliates		60,630		(132,745)


Net cash provided by (used in) operating activities		(13,927)		(226,321)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		-		2,856,723


Net cash provided by investing activities		-		2,856,723

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(13,927)		2,630,402


Cash and cash equivalents, beginning		321,693		113,020


Cash and cash equivalents, ending	$	307,766	$	2,743,422

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 45

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	132,157	$	(117,120)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		(199,692)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		(6,360)		-
(Decrease) Increase in accounts payable affiliates		(429,873)		3,288


Net cash provided by (used in) operating activities		(503,768)		(113,832)


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		199,692		-


Net cash provided by investing activities		199,692		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(304,076)		(113,832)


Cash and cash equivalents, beginning		859,371		916,581


Cash and cash equivalents, ending	$	555,295	$	802,749

Supplemental schedule of noncash investing and financing activities:

	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

Six Months Ended September 30,
(Unaudited)

Series 46

		2020		2019


Cash flows from operating activities:

Net income (loss)	$	(3,867)	$	(74,867)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Gain on disposition of Operating Partnerships		(68,500)		-
Changes in assets and liabilities
Increase in other assets		-		-
(Decrease) Increase in accounts payable and accrued expenses		104		-
(Decrease) Increase in accounts payable affiliates		94,822		104,598


Net cash provided by (used in) operating activities		22,559		29,731


Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships		68,500		-


Net cash provided by investing activities		68,500		-

		-		-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		91,059		29,731


Cash and cash equivalents, beginning		427,684		321,175


Cash and cash equivalents, ending	$	518,743	$	350,906

Supplemental schedule of noncash investing and financing activities:

	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
September 30, 2020
(Unaudited)

NOTE A - ORGANIZATION

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

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

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

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

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE A - ORGANIZATION (continued)

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

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

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of September 30, 2020 and for the three and six months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2020.

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS

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

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended September 30, 2020 and 2019, are as follows:

	2020	2019
Series 20	$ -	$ -
Series 21	-	-
Series 22	-	-
Series 23	-	-
Series 24	-	10,299
Series 25	-	-
Series 26	4,282	13,938
Series 27	-	7,635
Series 28	-	7,296
Series 29	6,651	7,260
Series 30	-	-
Series 31	-	-
Series 32	15,132	19,794
Series 33	9,777	13,316
Series 34	6,727	11,496
Series 35	-	9,847
Series 36	-	2,739
Series 37	-	-
Series 38	-	2,742
Series 39	-	-
Series 40	-	19,612
Series 41	27,857	34,077
Series 42	19,260	23,790
Series 43	19,371	24,400
Series 44	30,315	48,187
Series 45	38,900	59,644
Series 46	46,333	52,299
	$224,605	$368,371

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the six months ended September 30, 2020 and 2019 are as follows:

	2020	2019
Series 24	$ -	$ 20,598
Series 26	4,282	27,876
Series 27	-	15,270
Series 28	-	14,592
Series 31	-	4,308
Series 32	-	51,208
Series 33	9,777	1,125,921
Series 35	-	20,500
Series 36	-	7,911
Series 38	-	19,323
Series 40	-	1,188,699
Series 42	19,259	47,580
Series 43	21,348	223,770
Series 45	507,673	116,000
	$562,339	$2,883,556

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At September 30, 2020 and 2019, the Fund has limited partnership interests in 55 and 112 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at September 30, 2020 and 2019 are as follows:

	2020	2019
Series 20	-	-
Series 21	-	-
Series 22	-	-
Series 23	-	-
Series 24	-	4
Series 25	-	-
Series 26	3	8
Series 27	-	2
Series 28	-	3
Series 29	4	5
Series 30	-	-
Series 31	-	-
Series 32	3	5
Series 33	2	2
Series 34	2	3
Series 35	-	1
Series 36	-	1
Series 37	-	-
Series 38	-	1
Series 39	-	-
Series 40	-	5
Series 41	7	11
Series 42	6	9
Series 43	3	11
Series 44	3	5
Series 45	11	22
Series 46	11	14
	55	112

Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at September 30, 2020 and 2019, are as follows:

	2020	2019
Series 29	$ 785	$ 785
Series 32	-	1,229
Series 42	254	254
Series 45	-	16,724
	$ 1,039	$18,992

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

During the six months ended September 30, 2020 the Fund disposed of thirteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2020 is as follows:

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

Series 29	1	-	$	9,500	$	9,500
Series 41	1	-		46,500		46,500
Series 43	8	-		106,800		106,800
Series 45	1	1		199,692		199,692
Series 46	1	-		68,500		68,500
Total	12	1	$	430,992	$	430,992

During the six months ended September 30, 2019 the Fund disposed of fifteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2019 is as follows:

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

Series 27	-	1	$	776,922	$	776,922
Series 28	1	-		7,100		7,100
Series 31	-	1		618,900		618,900
Series 33	-	1		1,442,632		1,442,632
Series 34	1	-		257,500		257,500
Series 35	1	-		141,000		141,000
Series 36	-	1		476,325		476,325
Series 38	1	1		1,463,974		1,463,974
Series 40	1	1		2,553,903		2,554,005
Series 43	1	1		1,255,582		1,255,582
Series 44	-	2		2,856,723		2,856,723
Total	6	9	$	11,850,561	$	11,850,663

* Fund proceeds from disposition does not include $102, which was due to a writeoff of capital contribution payable as of September 30, 2019, for Series 40.

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

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

The Fund's fiscal year ends March 31st for each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the six months ended June 30, 2020.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

		2020	2019

Revenues
	Rental	$ 10,846,001	$ 17,098,171
	Interest and other	247,297	414,231
		11,093,298	17,512,402

Expenses
	Interest	1,972,450	2,779,787
	Depreciation and amortization	2,456,942	4,213,607
	Operating expenses	7,446,917	12,566,968
		11,876,309	19,560,362

NET INCOME (LOSS)		$ (783,011)	$ (2,047,960)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (775,180)	$ (2,027,484)

Net income (loss) allocated to other Partners		$ (7,831)	$ (20,476)

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 20

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 21

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 22

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 23

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 24

		2020	2019
Revenues
	Rental	$ -	$ 422,317
	Interest and other	-	19,531
		-	441,848

Expenses
	Interest	-	36,469
	Depreciation and amortization	-	118,903
	Operating expenses	-	354,705
		-	510,077

NET INCOME (LOSS)		$ -	$ (68,229)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (67,547)

Net income (loss) allocated to other Partners		$ -	$ (682)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 25

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 26

		2020	2019
Revenues
	Rental	$ 217,139	$ 605,212
	Interest and other	2,449	9,506
		219,588	614,718

Expenses
	Interest	27,332	106,883
	Depreciation and amortization	55,156	157,288
	Operating expenses	222,991	569,196
		305,479	833,367

NET INCOME (LOSS)		$ (85,891)	$ (218,649)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (85,032)	$ (216,463)

Net income (loss) allocated to other Partners		$ (859)	$ (2,186)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 27

		2020	2019
Revenues
	Rental	$ -	$ 211,201
	Interest and other	-	125
		-	211,326

Expenses
	Interest	-	6,529
	Depreciation and amortization	-	67,956
	Operating expenses	-	210,794
		-	285,279

NET INCOME (LOSS)		$ -	$ (73,953)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (73,213)

Net income (loss) allocated to other Partners		$ -	$ (740)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 28

		2020	2019
Revenues
	Rental	$ -	$ 263,303
	Interest and other	-	8,837
		-	272,140

Expenses
	Interest	-	64,522
	Depreciation and amortization	-	69,046
	Operating expenses	-	209,346
		-	342,914

NET INCOME (LOSS)		$ -	$ (70,774)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (70,068)

Net income (loss) allocated to other Partners		$ -	$ (706)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 29

		2020	2019
Revenues
	Rental	$ 417,945	$ 464,228
	Interest and other	12,890	43,983
		430,835	508,211

Expenses
	Interest	67,252	79,653
	Depreciation and amortization	74,363	92,325
	Operating expenses	369,978	421,661
		511,593	593,639

NET INCOME (LOSS)		$ (80,758)	$ (85,428)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (79,950)	$ (84,574)

Net income (loss) allocated to other Partners		$ (808)	$ (854)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 30

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 31

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 32

		2020	2019
Revenues
	Rental	$ 585,243	$ 761,862
	Interest and other	9,746	13,701
		594,989	775,563

Expenses
	Interest	88,374	125,371
	Depreciation and amortization	174,189	219,045
	Operating expenses	501,400	613,804
		763,963	958,220

NET INCOME (LOSS)		$ (168,974)	$ (182,657)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (167,284)	$ (180,830)

Net income (loss) allocated to other Partners		$ (1,690)	$ (1,827)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 33

		2020	2019
Revenues
	Rental	$ 448,911	$ 416,301
	Interest and other	15,830	13,138
		464,741	429,439

Expenses
	Interest	74,656	79,953
	Depreciation and amortization	96,068	100,726
	Operating expenses	345,562	307,186
		516,286	487,865

NET INCOME (LOSS)		$ (51,545)	$ (58,426)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (51,030)	$ (57,842)

Net income (loss) allocated to other Partners		$ (515)	$ (584)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 34

		2020	2019
Revenues
	Rental	$ 326,724	$ 408,120
	Interest and other	11,341	15,105
		338,065	423,225

Expenses
	Interest	49,965	54,704
	Depreciation and amortization	76,498	106,772
	Operating expenses	280,893	362,170
		407,356	523,646

NET INCOME (LOSS)		$ (69,291)	$ (100,421)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (68,598)	$ (99,417)

Net income (loss) allocated to other Partners		$ (693)	$ (1,004)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 35

		2020	2019
Revenues
	Rental	$ -	$ 404,488
	Interest and other	-	2,157
		-	406,645

Expenses
	Interest	-	58,450
	Depreciation and amortization	-	131,653
	Operating expenses	-	218,081
		-	408,184

NET INCOME (LOSS)		$ -	$ (1,539)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (1,524)

Net income (loss) allocated to other Partners		$ -	$ (15)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 36

		2020	2019
Revenues
	Rental	$ -	$ 88,773
	Interest and other	-	810
		-	89,583

Expenses
	Interest	-	21,196
	Depreciation and amortization	-	27,363
	Operating expenses	-	85,948
		-	134,507

NET INCOME (LOSS)		$ -	$ (44,924)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (44,475)

Net income (loss) allocated to other Partners		$ -	$ (449)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 37

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 38

		2020	2019
Revenues
	Rental	$ -	$ 115,212
	Interest and other	-	887
		-	116,099

Expenses
	Interest	-	13,168
	Depreciation and amortization	-	27,635
	Operating expenses	-	99,031
		-	139,834

NET INCOME (LOSS)		$ -	$ (23,735)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (23,498)

Net income (loss) allocated to other Partners		$ -	$ (237)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 39

		2020	2019
Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET INCOME (LOSS)		$ -	$ -

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ -

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

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 40

		2020	2019
Revenues
	Rental	$ -	$ 486,308
	Interest and other	-	9,251
		-	495,559

Expenses
	Interest	-	80,247
	Depreciation and amortization	-	122,649
	Operating expenses	-	362,884
		-	565,780

NET INCOME (LOSS)		$ -	$ (70,221)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ -	$ (69,519)

Net income (loss) allocated to other Partners		$ -	$ (702)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 41

		2020	2019
Revenues
	Rental	$ 1,524,961	$ 1,780,047
	Interest and other	38,570	31,950
		1,563,531	1,811,997

Expenses
	Interest	275,662	283,344
	Depreciation and amortization	280,652	368,462
	Operating expenses	1,014,090	1,294,393
		1,570,404	1,946,199

NET INCOME (LOSS)		$ (6,873)	$ (134,202)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (6,804)	$ (132,860)

Net income (loss) allocated to other Partners		$ (69)	$ (1,342)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 42

		2020	2019
Revenues
	Rental	$ 964,900	$ 1,131,169
	Interest and other	44,353	42,952
		1,009,253	1,174,121

Expenses
	Interest	187,840	217,395
	Depreciation and amortization	244,575	323,583
	Operating expenses	781,356	851,969
		1,213,771	1,392,947

NET INCOME (LOSS)		$ (204,518)	$ (218,826)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (202,473)	$ (216,638)

Net income (loss) allocated to other Partners		$ (2,045)	$ (2,188)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 43

		2020	2019
Revenues
	Rental	$ 430,480	$ 1,312,145
	Interest and other	13,457	36,262
		443,937	1,348,407

Expenses
	Interest	31,491	113,547
	Depreciation and amortization	170,133	372,693
	Operating expenses	396,077	1,068,124
		597,701	1,554,364

NET INCOME (LOSS)		$ (153,764)	$ (205,957)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (152,226)	$ (203,897)

Net income (loss) allocated to other Partners		$ (1,538)	$ (2,060)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 44

		2020	2019
Revenues
	Rental	$ 1,817,906	$ 2,449,364
	Interest and other	20,511	51,200
		1,838,417	2,500,564

Expenses
	Interest	435,314	553,571
	Depreciation and amortization	339,618	513,484
	Operating expenses	786,743	1,447,637
		1,561,675	2,514,692

NET INCOME (LOSS)		$ 276,742	$ (14,128)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ 273,975	$ (13,987)

Net income (loss) allocated to other Partners		$ 2,767	$ (141)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 45

		2020	2019
Revenues
	Rental	$ 1,786,650	$ 3,290,532
	Interest and other	24,785	76,870
		1,811,435	3,367,402

Expenses
	Interest	270,649	404,349
	Depreciation and amortization	447,266	826,542
	Operating expenses	1,302,011	2,560,676
		2,019,926	3,791,567

NET INCOME (LOSS)		$ (208,491)	$ (424,165)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (206,406)	$ (419,923)

Net income (loss) allocated to other Partners		$ (2,085)	$ (4,242)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 46

		2020	2019
Revenues
	Rental	$ 2,325,142	$ 2,487,589
	Interest and other	53,365	37,966
		2,378,507	2,525,555

Expenses
	Interest	463,915	480,436
	Depreciation and amortization	498,424	567,482
	Operating expenses	1,445,816	1,529,363
		2,408,155	2,577,281

NET INCOME (LOSS)		$ (29,648)	$ (51,726)

Net income (loss) allocated to Boston Capital Tax Credit Fund IV L.P.		$ (29,352)	$ (51,209)

Net income (loss) allocated to other Partners		$ (296)	$ (517)

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2020

(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 2016 remain open.

NOTE G - CONTINGENCY

The spread of a novel strain of coronavirus (COVID-19) has caused significant business disruptions in the United States beginning February 2020. The economic impact of the business disruptions caused by COVID-19 is uncertain. The extent of any effects these disruptions may have on the operations and financial performance of the Partnership will depend on future developments, including possible impacts on the operations of the underlying real estate of its investments, which cannot be determined.

NOTE H - SUBSEQUENT EVENTS

Subsequent to September 30, 2020, the Fund has entered into an agreement to transfer the interest in four operating limited partnerships. The estimated transfer price and other terms for the dispositions of the operating limited partnerships have been determined. The estimated proceeds to be received for the operating limited partnerships are $207,500. The estimated gain on the transfer of the operating limited partnerships are $173,700 and are expected to be recognized in the third quarter of fiscal year ending March 31, 2021.

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, 2020. 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.

On September 11, 2020, Boston Capital Corporation ("BCC"), Boston Capital Companion Limited Partnership ("Companion"), an affiliate of BCC, and certain other affiliates of BCC entered into a definitive agreement with Boston Financial Investment Management, L.P. ("BFIM") and BFBC Holdings GP, LLC, an affiliate of BFIM (together with BFIM, the "BFIM Parties") pursuant to which the BFIM Parties have agreed to acquire 100% of the partnership interests in Companion. Under the terms of the agreement, the BFIM Parties will, through the acquisition of Companion, acquire, among other things, 100% of the partnership interests in Boston Capital Associates IV Limited Partnership, the general partner of the Fund, and 100% of the issued and outstanding common stock of BCTC IV Assignor Corp., the assignor limited partner of the Fund. Subject to receipt of regulatory approvals and satisfaction of other customary closing conditions, the transaction is expected to close in the fourth quarter of 2020.

Liquidity

The Fund's primary source of funds was the proceeds of its Public Offering. Other sources of liquidity include (i) interest earned on capital contributions unpaid for the six months ended September 30, 2020 or on working capital reserves, (ii) cash distributions from operations of the Operating Partnerships in which the Fund has invested and (iii) proceeds received from the dispositions of the Operating Partnership that are returned to fund reserves. These sources of liquidity, along with the Fund's working capital reserve, are available to meet the obligations of the Partnership. The Fund does not anticipate significant cash distributions from operations of the Operating Partnerships.

The Fund is currently accruing the fund management fee. Fund management fees accrued during the quarter ended September 30, 2020 were $224,605 and total fund management fees accrued as of September 30, 2020 were $12,999,648. During the six months ended September 30, 2020, $562,339 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.

Capital Resources

The Fund offered BACs in the Public Offering declared effective by the Securities and Exchange Commission on December 16, 1993. The Fund received $38,667,000, $18,927,000, $25,644,000, $33,366,000, $21,697,000, $30,248,000, $39,959,000, $24,607,000, $39,999,000, $39,918,000, $26,490,750, $44,057,750, $47,431,000, $26,362,000, $35,273,000, $33,004,630, $21,068,375, $25,125,000, $25,431,000, $22,921,000, $26,629,250, $28,916,260, $27,442,620, $27,442,620, $36,379,870, $27,019,730, $40,143,670 and $29,809,980 representing 3,866,700, 1,892,700, 2,564,400, 3,336,727, 2,169,878, 3,026,109, 3,995,900, 2,460,700, 4,000,738, 3,991,800, 2,651,000, 4,417,857, 4,754,198, 2,636,533, 3,529,319, 3,300,463, 2,106,837, 2,512,500, 2,543,100, 2,292,152, 2,630,256, 2,891,626, 2,744,262, 3,637,987, 2,701,973, 4,014,367 and 2,980,998 BACs from investors admitted as BAC Holders in Series 20, Series 21, Series 22, Series 23, Series 24, Series 25, Series 26, Series 27, Series 28, Series 29, Series 30, Series 31, Series 32, Series 33, Series 34, Series 35, Series 36, Series 37, Series 38, Series 39, Series 40, Series 41, Series 42, Series 43, Series 44, Series 45 and Series 46, respectively, as of September 30, 2020.

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 September 30, 2020, 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 September 30, 2020, 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 September 30, 2020, 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 September 30, 2020, 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 all 24 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, Series 24 had released all payments of its capital contributions to the Operating Partnerships.

Series 25

The Fund commenced offering BACs in Series 25 on September 30, 1995. Offers and sales of BACs in Series 25 were completed on December 29, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $22,324,539. Series 25 has since sold its interest in all 22 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, 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 42 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30, 2020, 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 all 16 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, 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 all 26 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, 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 18 of the Operating Partnerships and 4 remain.

During the quarter ended September 30, 2020, 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 September 30, 2020. 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 September 30, 2020, 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 sold its interest in all 27 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, Series 31 had released all payments of its capital contributions to the Operating 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 14 of the Operating Partnerships and 3 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.

Prior to the quarter ended September 30, 2020, Series 32 had released all payments of its capital contributions to the Operating 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 8 of the Operating Partnerships and 2 remain.

Prior to the quarter ended September 30, 2020, 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 12 of the Operating Partnerships and 2 remain.

Prior to the quarter ended September 30, 2020, 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 all 11 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, 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 all 11 of the Operating Partnerships.

Prior to the quarter ended September 30, 2020, 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 September 30, 2020, 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 all 10 of the Operating 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 September 30, 2020, 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 September 30, 2020, 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 all 16 of the Operating 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.

Prior to the quarter ended September 30, 2020, Series 40 had released all payments of its capital contributions to the Operating 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 16 of the Operating Partnerships and 7 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 September 30, 2020, 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 17 of the Operating Partnerships and 6 remain.

During the quarter ended September 30, 2020, 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 September 30, 2020. 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 September 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 20 of the Operating Partnerships and 3 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.

Prior to the quarter ended September 30, 2020, Series 43 had released all payments of its capital contributions to the Operating 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 7 of the Operating Partnerships and 3 remain. In addition, the Fund committed and used $164,164 of Series 44 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2020, 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 20 of the Operating Partnerships and 11 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.

Prior to the quarter ended September 30, 2020, Series 45 had released all payments of its capital contributions to the Operating Partnerships.

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 4 of the Operating Partnerships and 11 remain. In addition, the Fund committed and used $228,691 of Series 46 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30, 2020, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

Results of Operations

As of September 30, 2020 and 2019, the Fund held limited partnership interests in 55 and 112 Operating Partnerships, respectively. In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy." Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K. The general partner of the Fund believes that there is adequate casualty insurance on the properties.

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the three and six months ended September 30, 2020, are as follows:

	3 Months Gross Fund Management Fee	3 Months Asset Management and Reporting Fee	3 Months Fund Management Fee Net of Asset Management and Reporting Fee

Series 20	$ -	$ -	$ -
Series 21	-	-	-
Series 22	-	-	-
Series 23	-	-	-
Series 24	-	-	-
Series 25	-	-	-
Series 26	4,282	-	4,282
Series 27	-	-	-
Series 28	-	-	-
Series 29	6,651	-	6,651
Series 30	-	-	-
Series 31	-	-	-
Series 32	15,132	6,500	8,632
Series 33	9,777	6,500	3,277
Series 34	6,727	3,000	3,727
Series 35	-	-	-
Series 36	-	-	-
Series 37	-	-	-
Series 38	-	-	-
Series 39	-	-	-
Series 40	-	-	-
Series 41	27,857	2,293	25,564
Series 42	19,260	-	19,260
Series 43	19,371	6,695	12,676
Series 44	30,315	3,274	27,041
Series 45	38,900	25,832	13,068
Series 46	46,333	5,424	40,909
	$224,605	$59,518	$165,087

	6 Months Gross Fund Management Fee	6 Months Asset Management and Reporting Fee	6 Months Fund Management Fee Net of Asset Management and Reporting Fee

Series 20	$ -	$ -	$ -
Series 21	-	-	-
Series 22	-	-	-
Series 23	-	-	-
Series 24	-	-	-
Series 25	-	-	-
Series 26	8,564	-	8,564
Series 27	-	-	-
Series 28	-	-	-
Series 29	13,505	-	13,505
Series 30	-	-	-
Series 31	-	-	-
Series 32	30,264	6,500	23,764
Series 33	19,554	6,500	13,054
Series 34	13,454	3,000	10,454
Series 35	-	-	-
Series 36	-	-	-
Series 37	-	-	-
Series 38	-	-	-
Series 39	-	-	-
Series 40	-	-	-
Series 41	56,378	4,586	51,792
Series 42	38,519	-	38,519
Series 43	40,719	10,465	30,254
Series 44	60,630	9,494	51,136
Series 45	77,800	33,228	44,572
Series 46	94,822	8,750	86,072
	$454,209	$82,523	$371,686

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

The series did not have any properties as of September 30, 2020 and 2019.

Series 21

The series did not have any properties as of September 30, 2020 and 2019.

Series 22

The series did not have any properties as of September 30, 2020 and 2019.

Series 23

The series did not have any properties as of September 30, 2020 and 2019.

Series 24

As of September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 24 reflects a net loss from Operating Partnerships of $- and $(68,229), respectively, which includes depreciation and amortization of $- and $118,903, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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. 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 24. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $2,500 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Autumn Ridge Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,368,935 and cash proceeds to the investment partnership of $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 $17,900 were returned to cash reserves held by Series 24. 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 $17,900 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in 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 $1,208,829 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 24. No gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2019.

Series 25

The series did not have any properties as of September 30, 2020 and 2019.

Series 26

As of September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 26 reflects a net loss from Operating Partnerships of $(85,891) and $(218,649), respectively, which includes depreciation and amortization of $55,156 and $157,288, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In November 2019, the investment general partner transferred its interest in Warrensburg Heights, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $955,481 and cash proceeds to the investment partnership of $23,800. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $21,300 were returned to cash reserves held by Series 26. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $21,300 as of December 31, 2019.

In December 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 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 26. 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. 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. 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. 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.

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.

Brookhaven Apartments Partnership, A Louisiana Partners

Series 27

As of September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 27 reflects a net loss from Operating Partnerships of $- and $(73,953), respectively, which includes depreciation and amortization of $- and $67,956, 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 Northrock Housing Associates 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 $5,547,522, which included the outstanding mortgage balance of approximately $968,733 and cash proceeds to the investment partnerships of $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 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. 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 $776,922 and $1,442,632, for Series 27 and Series 33, respectively, 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 $14,520 and $26,962 for Series 27 and Series 33, respectively, which was returned to the cash reserves.

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. 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 $49,000 as of December 31, 2019.

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. 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

As of September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 28 reflects a net loss from Operating Partnerships of $- and $(70,774), respectively, which includes depreciation and amortization of $- and $69,046, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In September 2019, the investment general partner transferred its interest in Fairway II LDHA to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $634,665 and cash proceeds to the investment partnership of $9,600. 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 $7,100 were returned to cash reserves held by Series 28. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,100 as of September 30, 2019.

In 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. 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 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 was 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 transfer proceeds were received in January 2020 and applied against the receivable. 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 was 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. 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 September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 29 reflects a net loss from Operating Partnerships of $(80,758) and $(85,428), respectively, which includes depreciation and amortization of $74,363 and $92,325, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In April 2020, the investment general partner transferred its interest in Poplarville Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $356,220 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 29. 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 June 30, 2020.

In October 2020, the investment general partner transferred its interest in Ozark Associates, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $396,535 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $3,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $13,000 were returned to cash reserves held by Series 29.

In October 2020, the investment general partner of transferred its interest Westfield Apartments Partnership, A LA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $919,015 and cash proceeds to the investment partnership of $30,000 Of the total proceeds received, $8,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,000 were returned to cash reserves held by Series 29.

The Lincoln Hotel

Series 30

The series did not have any properties as of September 30, 2020 and 2019.

Series 31

The series did not have any properties as of September 30, 2020 and 2019.

In April 2019, the operating general partner of Sencit Hampden Associates LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 10, 2019. The sales price of the property was $2,700,000, which included the outstanding mortgage balance of approximately $973,555. Of the total proceeds received by the investment partnership, $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 $587,469 will be returned to cash reserves held by Series 31. 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 $587,469 as of June 30, 2019. In September 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $31,431 which was returned to the cash reserves. In December 2019, the investment partnership received its share of the final reconciliation of the Operating Partnership's cash in the amount of $900 which was returned to the cash reserves.

Series 32

As of September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30, 2020, all of which were at 100% Qualified Occupancy

For the six month periods ended September 30, 2020 and 2019, Series 32 reflects a net loss from Operating Partnerships of $(168,974) and $(182,657), respectively, which includes depreciation and amortization of $174,189 and $219,045, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In December 2019, the investment general partner transferred its interest in Pearlwood Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $642,620 and cash proceeds to the investment partnership of $147,500. 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 $142,000 were returned to cash reserves held by Series 32. 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 $142,000 as of December 31, 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. 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, outstanding capital contributions payable to the Operating Partnership in the amount of $1,229 for Series 32 was recorded as gain on the transfer of the Operating Partnership as of December 31, 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 September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 33 reflects a net loss from Operating Partnerships of $(51,545) and $(58,426), respectively, which includes depreciation and amortization of $96,068 and $100,726, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

Series 34

For the six month periods ended September 30, 2020 and 2019, Series 34 reflects a net loss from Operating Partnerships of $(69,291) and $(100,421), respectively, which includes depreciation and amortization of $76,498 and $106,772, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In July 2019, the investment general partner transferred its interest in 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. 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 $307,057 and cash proceeds to the investment partnership of $31,500. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $27,000 were returned to cash reserves held by Series 34. 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 September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 35 reflects a net loss from Operating Partnerships of $- and $(1,539), respectively, which includes depreciation and amortization of $- and $131,653, 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 $141,000 were returned to cash reserves held by Series 35. 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 $141,000 as of September 30, 2019.

In December 2019, the investment general partner transferred its interest in Tennessee Partners XII Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,790,885 and cash proceeds to the investment partnership of $1,422,642. Of the total proceeds received, $8,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $1,414,642 were returned to cash reserves held by Series 35. 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 $1,414,642 as of December 31, 2019.

Series 36

As of September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 36 reflects a net loss from Operating Partnerships of $- and $(44,924), respectively, which includes depreciation and amortization of $- and $27,363, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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. 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 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 its interest in Wingfield Apartments Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,052,315 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 were returned to cash reserves held by Series 36. 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.

Series 37

The series did not have any properties as of September 30, 2020 and 2019.

Series 38

As of September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 38 reflects a net loss from Operating Partnerships of $- and $(23,735), respectively, which includes depreciation and amortization of $- and $27,635, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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 38. 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 June 30, 2019. In October 2019, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $26,459 which was returned to the cash reserves.

In June 2019, the investment general partner transferred its interest in Aldine Westfield Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,544,775 and cash proceeds to the investment partnership of $950,000. 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 $941,000 were returned to cash reserves held by Series 38. 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 $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. 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 39

The series did not have any properties as of September 30, 2020 and 2019.

Series 40

As of September 30, 2019, the average Qualified Occupancy for the series was 100%. The series did not have any properties as of September 30, 2020.

For the six month periods ended September 30, 2020 and 2019, Series 40 reflects a net loss from Operating Partnerships of $- and $(70,221), respectively, which includes depreciation and amortization of $- and $122,649, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In January 2019, the investment general partner transferred its interest in Sedgwick-Sundance Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $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. 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. 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. 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. 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. 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 $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. 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.

In December 2019, the investment general partner transferred its interest in Oakland Partnership, A Louisiana Partnership in Commendam to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,051,700 and cash proceeds to the investment partnership of $27,397. 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 $24,897 were returned to cash reserves held by Series 40. 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 $24,897 as of December 31, 2019.

In December 2019, the investment general partner transferred its interest in Western Gardens Partnership, A Louisiana Partnership in Commendam to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,109,796 and cash proceeds to the investment partnership of $28,589. 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 $25,089 were returned to cash reserves held by Series 40. 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 $25,089 as of December 31, 2019.

Series 41

As of September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 7 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 41 reflects a net loss from Operating Partnerships of $(6,873) and $(134,202), respectively, which includes depreciation and amortization of $280,652 and $368,462, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In March 2020, the investment general partner transferred its interest in Breezewood Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $918,226 and cash proceeds to the investment partnership of $21,533. Of the total proceeds received, $2,243 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,290 were returned to cash reserves held by Series 41. 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 $19,290 as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in Hawthorne Associates, A L Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $923,842 and cash proceeds to the investment partnership of $10,000. 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 $7,500 were returned to cash reserves held by Series 41. 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 March 31, 2020.

In August 2020, the investment general partner transferred its interest in Cranberry Cove Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $895,911 and cash proceeds to the investment partnership of $49,000. 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 $46,500 were returned to cash reserves held by Series 41. 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 $46,500 as of September 30, 2020.

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.

Rural Housing Partners of Mendota L.P.

Rural Housing Partners of Mt. Carroll, LP

Rural Housing Partners of Fulton L.P.

Series 42

As of September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 6 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 42 reflects a net loss from Operating Partnerships of $(204,518) and $(218,826), respectively, which includes depreciation and amortization of $244,575 and $323,583, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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 was 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. 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.

In March 2020, the investment general partners transferred its interest in Breezewood II Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $906,547 and cash proceeds to the investment partnerships of $21,696 and $2,304 for Series 42 and Series 45, respectively. Of the total proceeds received, $2,260 and $240 for Series 42 and Series 45, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,436 and $2,064 for Series 42 and Series 45, respectively, were returned to cash reserves. 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 $19,436 and $2,064 for Series 42 and Series 45, respectively, as of March 31, 2020.

In July 2020, the operating general partner of Lynnelle Landing Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on October 1, 2020. The sales price of the property was $1,650,000, which included the outstanding mortgage balance of approximately $1,014,143 and cash proceeds to the investment partnership of $130,000. Of the total proceeds received by the investment partnership, $5,000 will be paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $125,000 will be returned to cash reserves held by Series 42.

In October 2020, the investment general partner transferred its interest Wingfield Apartments Partnership II, A LA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $112,922 and cash proceeds to the investment partnership of $31,500 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 $25,000 were returned to cash reserves held by Series 42.

Parkhurst Place Limited Partnership

Series 43

For the six month periods ended September 30, 2020 and 2019, Series 43 reflects a net loss from Operating Partnerships of $(153,764) and $(205,957), respectively, which includes depreciation and amortization of $170,133 and $372,693, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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. 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. 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.

In June 2020, the investment general partner transferred its interest in Pyramid Seven Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,200,885 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,000 were returned to cash reserves held by Series 43. 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, 2020.

In September 2020, the investment general partner transferred its interest in Charlevoix Apartments LDHA, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,013,428 and cash proceeds to the investment partnership of $8,000. 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 $5,500 were returned to cash reserves held by Series 43. 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 September 30, 2020.

In September 2020, the investment general partner transferred its interest in Cloverlane Apartments - Lakeview Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $61,559 and cash proceeds to the investment partnership of $70,800. 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 $68,300 were returned to cash reserves held by Series 43. 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 $68,300 as of September 30, 2020.

In September 2020, the investment general partner transferred its interest in Lakewood Apartments - Saranac Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $684,395 and cash proceeds to the investment partnership of $4,800. 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 $2,300 were returned to cash reserves held by Series 43. 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 $2,300 as of September 30, 2020.

In September 2020, the investment general partner transferred its interest in Parkside Apartments - Coleman LDHA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $357,178 and cash proceeds to the investment partnership of $8,000. 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 $5,500 were returned to cash reserves held by Series 43. 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 September 30, 2020.

In September 2020, the investment general partner transferred its interest in Riverview Apartments - Blissfield LDHA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $515,806 and cash proceeds to the investment partnership of $6,400 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 $3,900 were returned to cash reserves held by Series 43. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $3,900 as of September 30, 2020.

In September 2020, the investment general partner transferred its interest in Strawberry Lake Apartments - Norway LDHA LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $652,289 and cash proceeds to the investment partnership of $6,400. 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 $3,900 were returned to cash reserves held by Series 43. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $3,900 as of September 30, 2020.

In September 2020, the investment general partner transferred its interest in New Chester Townhouses II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $630,455 and cash proceeds to the investment partnership of $13,650. Of the total proceeds received, $4,375 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds, $875 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $8,400 were returned to cash reserves held by Series 43. 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 $8,400 as of September 30, 2020.

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.

Parkside Plaza, LLP

Series 44

As of September 30, 2020 and 2019, the average Qualified Occupancy was 100%. The series had a total of 3 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 44 reflects a net income (loss) from Operating Partnerships of $276,742 and $(14,128), respectively, which includes depreciation and amortization of $339,618 and $513,484, 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 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. 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.

In March 2020, the investment general partner transferred its interest in New Oxford I Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,134,723 and cash proceeds to the investment partnership of $7,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $3,500 were returned to cash reserves held by Series 44. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $3,500 as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in Orchard River Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $5,834,195 and cash proceeds to the investment partnership of $170,000. 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 $167,500 were returned to cash reserves held by Series 44. 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 $167,500 as of March 31, 2020.

Series 45

As of September 30, 2020 and 2019, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at September 30, 2020, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2020 and 2019, Series 45 reflects a net loss from Operating Partnerships of $(208,491) and $(424,165), respectively, which includes depreciation and amortization of $447,266 and $826,542, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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 was 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. 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, 2019.

In December 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, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $63,094 were returned to cash reserves held by Series 45. 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 $63,094 as of December 31, 2019.

In January 2020, the operating general partner of Jefferson Housing Limited Partnership entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on March 18, 2020. The sales price of the property was $2,004,845, which included the outstanding mortgage balance of approximately $1,489,672 and cash proceeds to the investment partnership of $515,173. Of the total proceeds received by the investment partnership, $7,500 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $507,673 will be returned to cash reserves held by Series 45. 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 $507,673 as of March 31, 2020. In addition, equity outstanding for the Operating Partnership in the amount of $16,724 for Series 45 was recorded as gain on the sale of the Operating Partnership as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in Brookside Square Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,084,329 and cash proceeds to the investment partnership of $7,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $3,500 were returned to cash reserves held by Series 45. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $3,500 as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in East View Family Housing, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $590,976 and cash proceeds to the investment partnership of $16,000. 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 $13,500 were returned to cash reserves held by Series 45. 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 $13,500 as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in Lawrenceville I Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $764,406 and cash proceeds to the investment partnership of $7,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $3,500 were returned to cash reserves held by Series 45. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $3,500 as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in Reese I Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,472,278 and cash proceeds to the investment partnership of $5,000. 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 $1,000 were returned to cash reserves held by Series 45. 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 March 31, 2020.

In March 2020, the investment general partner transferred its interest in Valleyview, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $633,499 and cash proceeds to the investment partnership of $27,600. 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 $25,100 were returned to cash reserves held by Series 45. 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 $25,100 as of March 31, 2020.

In February 2020, the operating general partner of Ridge Crest Apartments, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 3, 2020. The sales price of the property was $4,000,000, which included the outstanding mortgage balance of approximately $2,878,985. Cash proceeds from the sale resulted in a total cash payment to the investment partnership of $210,224. Of the total proceeds received by the investment partnership, $22,432 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $3,000 will be paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $184,792 will be returned to cash reserves held by Series 45. 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 $184,792 as of September 30, 2020.

In September 2020, the investment general partner transferred its interest Mill Race Apartments - Plainwell Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $726,236 and cash proceeds to the investment partnership of $17,400 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 $14,900 were returned to cash reserves held by Series 45. 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 $14,900 as of September 30, 2020.

University Plaza Investment Group, LLLP

Series 46

For the six month periods ended September 30, 2020 and 2019, Series 46 reflects a net loss from Operating Partnerships of $(29,648) and $(51,726), respectively, which includes depreciation and amortization of $498,424 and $567,482, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In March 2020, the investment general partner transferred its interest in Deer Meadow Apartments, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $917,524 and cash proceeds to the investment partnership of $24,000. 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 $21,500 were returned to cash reserves held by Series 46. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $21,500 as of March 31, 2020.

In March 2020, the investment general partner transferred its interest in Tanglewood Village Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,090,639 and cash proceeds to the investment partnership of $24,000. 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 $21,500 were returned to cash reserves held by Series 46. A gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $21,500 as of March 31, 2020.

In June 2020, the investment general partner transferred its interest in Clayton Station, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $638,421 and cash proceeds to the investment partnership of $75,000. 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 $68,500 were returned to cash reserves held by Series 46. 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 $68,500 as of June 30, 2020.

Linden-Shawnee Partners, L.P. (The Linden's Apartments) is a 54-unit family property located in Shawnee, OK. The property continued to operate below breakeven throughout 2019 and into 2020. As of September 30 2020, occupancy is 93%. The investment limited partner will continue to work with the operating general partner and the management company to 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 Linden-Shawnee Partners, L.P. expires on December 31, 2020.

Saint Martin Apartments, L.P. (Saint Martin Apartments) is a 40-unit garden style property located in McComb, MS. The 2019 the property operated below breakeven due to elevated operating expenses. Occupancy averaged 94% through September 30, 2020. The investment limited partner will continue to work with the operating general partner and the management company to 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, 2020 and 2019. 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.

Recent Accounting Pronouncements

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.

In August 2016, the FASB issued Accounting Standards Update 2016-15 Statement 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.

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 September 30, 2020 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, 2020.

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

	None

Item 3.	Defaults Upon Senior Securities

	None

Item 4.	Mine Safety Disclosures

	Not Applicable

Item 5.	Other Information

	None

Item 6.	Exhibits

		31.a Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 302
		31.b Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 302
		32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith BCTC IV CERT 906
		32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith BCTC IV CERT 906

		101. The following materials from the Boston Capital Tax Credit Fund IV L.P. Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020 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: November 12, 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:

November 12, 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






November 12, 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.

BF Garden Tax Credit Fund IV L.P. - FORM 10-Q - November 12, 2020

Attached files

BF Garden Tax Credit Fund IV L.P. Reports