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The following is an excerpt from a 10-Q SEC Filing, filed by BOSTON CAPITAL TAX CREDIT ... on 8/19/2004.

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                                 BALANCE SHEETS

                                                   June 30,    March 31,
                                                     2004         2004
                                                 (Unaudited)   (Audited)

         ASSETS

         INVESTMENTS IN OPERATING PARTNERSHIPS   $429,755,588 $436,741,304
         (Note D)

         OTHER ASSETS

            Cash and cash equivalents              29,717,301   33,051,933
            Investments                            21,179,362   20,600,420
            Notes receivable                        6,979,372    8,182,738
            Acquisition costs                      36,508,233   36,053,820
            Other assets                           11,071,913   10,020,450
                                                 $535,211,769 $544,650,665

         LIABILITIES

            Accounts payable & accrued expenses  $     41,680   $   66,482
            (Note C)
            Accounts payable affiliates            21,682,320   21,701,204
            Capital contributions payable          31,742,293   32,845,438
            Line of credit                                  -            -
                                                   53,466,293   54,613,124

         PARTNERS' CAPITAL

         Limited Partners
            Units of limited partnership          484,063,739  492,272,914
            interest, $10 stated value per BAC;
            87,500,000 authorized BACs;
            73,953,742 issued and outstanding,
            as of June 30, 2004
         General Partner                          (2,352,063)  (2,269,173)
         Unrealized gain (loss) on securities
            available for sale, net                    33,800       33,800
                                                  481,745,476  490,037,541
                                                 $535,211,769 $544,650,665

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 20

                                                   June 30,    March 31,
                                                     2004         2004
                                                 (Unaudited)   (Audited)
         ASSETS
         INVESTMENTS IN OPERATING PARTNERSHIPS    $ 6,371,111  $ 9,951,958
         (Note D)

         OTHER ASSETS
            Cash and cash equivalents               2,519,590      252,117
            Investments                                     -            -
            Notes receivable                                -            -
            Acquisition costs                          79,481       80,374
            Other assets                            1,796,298    1,796,298
                                                 $ 10,766,480 $ 12,080,747

         LIABILITIES

            Accounts payable & accrued expenses  $          -    $       -
            (Note C)
            Accounts payable affiliates             2,532,163    3,558,524
            Capital contributions payable             388,026      388,026
            Line of credit                                  -            -
                                                    2,920,189    3,946,550

         PARTNERS CAPITAL

         Limited Partners
            Units of limited partnership            8,098,393    8,383,420
            interest, $10 stated value per BAC;
            87,500,000 authorized BACs;
            3,866,700 issued and outstanding,
            as of June 30, 2004
         General Partner                            (252,102)    (249,223)
         Unrealized gain (loss) on securities
            available for sale, net                         -            -
                                                    7,846,291    8,134,197
                                                 $ 10,766,480 $ 12,080,747

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 21

                                                   June 30,    March 31,
                                                     2004        2004
                                                  (Unaudited)  (Audited)
          ASSETS
          INVESTMENTS IN OPERATING PARTNERSHIPS   $ 1,383,781 $ 1,527,512
          (Note D)

          OTHER ASSETS
             Cash and cash equivalents                128,165     142,893
             Investments                                    -           -
             Notes receivable                         457,639     457,639
             Acquisition costs                         43,473      43,962
             Other assets                             280,232     280,232
                                                  $ 2,293,290 $ 2,452,238

LIABILITIES

Accounts payable & accrued expenses $ - $ -

(Note C)

Accounts payable affiliates 884,330 852,869 Capital contributions payable 457,641 457,642 Line of credit - - 1,341,971 1,310,511

PARTNERS CAPITAL

Limited Partners
Units of limited partnership 1,103,758 1,292,262 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 1,892,700 issued and outstanding, as of June 30, 2004
General Partner (152,439) (150,535) Unrealized gain (loss) on securities available for sale, net - - 951,319 1,141,727 $ 2,293,290 $ 2,452,238

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 22

                                                                    June 30,    March 31,
                                                                      2004        2004
                                                                   (Unaudited)  (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS                              $ 7,618,086 $ 7,983,840
(Note D)

OTHER ASSETS
  Cash and cash equivalents                                            277,224     320,139
  Investments                                                                -           -
  Notes receivable                                                     450,981     450,981
  Acquisition costs                                                    136,610     138,145
  Other assets                                                         167,344     167,344
                                                                   $ 8,650,245 $ 9,060,449

LIABILITIES

Accounts payable & accrued expenses $ - $ -

(Note C)

Accounts payable affiliates 1,908,162 1,889,514 Capital contributions payable 477,996 479,496 Line of credit - - 2,386,158 2,369,010

PARTNERS CAPITAL

Limited Partners
Units of limited partnership 6,420,528 6,843,606 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,564,400 issued and outstanding,
as of June 30, 2004
General Partner (156,441) (152,167) Unrealized gain (loss) on securities
available for sale, net - - 6,264,087 6,691,439 $ 8,650,245 $ 9,060,449

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 23

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $13,972,615          $14,271,144
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         152,065              140,695
    Investments                                             -                    -
    Notes receivable                                        -                    -
    Acquisition costs                                 203,159              205,442
    Other assets                                      269,371              269,370
                                                  $14,597,210          $14,886,651

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                     1,374,542            1,314,475
    Capital contributions payable                     117,797              117,796
    Line of credit                                          -                    -
                                                    1,492,339            1,432,271

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   13,258,668           13,604,682
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    3,336,727 issued and outstanding,
    June 30, 2004
General Partner                                     (153,797)            (150,302)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   13,104,871           13,454,380
                                                  $14,597,210          $14,886,651

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 24

                                                                    June 30,    March 31,
                                                                      2004        2004
                                                                   (Unaudited)  (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS                              $ 7,648,746 $ 7,862,910
(Note D)

0THER ASSETS
  Cash and cash equivalents                                            228,105     221,188
  Investments                                                                -           -
  Notes receivable                                                     155,478     155,478
  Acquisition costs                                                    227,052     229,602
  Other assets                                                         857,394     857,394
                                                                   $ 9,116,775 $ 9,326,572

LIABILITIES

  Accounts payable & accrued expenses                                $     679   $     678
  (Note C)
  Accounts payable affiliates                                        1,429,464   1,373,004
  Capital contributions payable                                        368,239     368,239
  Line of credit                                                             -           -
                                                                     1,798,382   1,741,921

PARTNERS CAPITAL

Limited Partners
  Units of limited partnership                                       7,430,508   7,694,103
  interest, $10 stated value per BAC; 87,500,000 authorized BACs;
  2,169,878 issued and outstanding,
  as of June 30, 2004
0eneral Partner                                                      (112,115)   (109,452)
Unrealized gain (loss) on securities
  available for sale, net                                                    -           -
                                                                     7,318,393   7,584,651
                                                                   $ 9,116,775 $ 9,326,572

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 25

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $13,832,137          $14,051,041
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         475,490              443,860
    Investments                                             -                    -
    Notes receivable                                        -                    -
    Acquisition costs                                 228,024              230,586
    Other assets                                      746,785              746,785
                                                  $15,282,436          $15,472,272

LIABILITIES

    Accounts payable & accrued expenses             $     978            $     978
    (Note C)
    Accounts payable affiliates                     1,204,226            1,136,057
    Capital contributions payable                     943,704              943,704
    Line of credit                                          -                    -
                                                    2,148,908            2,080,739

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   13,259,637
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    3,026,109 issued and outstanding,                                   13,515,062
    as of June 30, 2004
General Partner                                     (126,109)            (123,529)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   13,133,528           13,391,533
                                                  $15,282,436          $15,472,272

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 26

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $21,903,081          $22,225,204
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         354,043              447,941
    Investments                                             -                    -
    Notes receivable                                  135,822              135,822
    Acquisition costs                                 401,467              405,693
    Other assets                                    1,564,626            1,564,626
                                                  $24,359,039          $24,779,286

LIABILITIES

    Accounts payable & accrued expenses             $      90              $    90
    (Note C)
    Accounts payable affiliates                     2,097,376            2,090,807
    Capital contributions payable                   1,443,838            1,443,838
    Line of credit                                          -                    -
                                                    3,541,304            3,534,735

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   20,949,811           21,372,359
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    3,995,900 issued and outstanding,
    as of June 30, 2004
General Partner                                     (132,076)            (127,808)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   20,817,735           21,244,551
                                                 $ 24,359,039          $24,779,286

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 27

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $13,736,608          $13,905,222
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         131,129              234,047
    Investments                                             -                    -
    Notes receivable                                        -                    -
    Acquisition costs                                 332,565              336,302
    Other assets                                      172,425              172,425
                                                  $14,372,727          $14,647,996

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                     1,434,115            1,455,313
    Capital contributions payable                      39,749               39,749
    Line of credit                                          -                    -
                                                    1,473,864            1,495,062

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   12,976,322           13,227,852
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,460,700 issued and outstanding,
    as of June 30, 2004
General Partner                                      (77,459)             (74,918)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   12,898,863           13,152,934
                                                  $14,372,727          $14,647,996

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 28

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $23,371,574          $23,747,689
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         441,828              464,935
    Investments                                             -                    -
    Notes receivable                                  605,000              605,000
    Acquisition costs                                  73,437               74,262
    Other assets                                        2,595                2,595
                                                  $24,494,434          $24,894,481

LIABILITIES

    Accounts payable & accrued expenses           $     3,200          $    28,003
    (Note C)
    Accounts payable affiliates                             -                    -
    Capital contributions payable                      40,968               40,968
    Line of credit                                          -                    -
                                                       44,168               68,971

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   24,549,511           24,921,003
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    4,000,738 issued and outstanding,
    as of June 30, 2004
General Partner                                      (99,245)             (95,493)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   24,450,266           24,825,510
                                                  $24,494,434          $24,894,481

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 29

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $19,150,093          $19,475,261
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         256,428              328,122
    Investments                                       190,830              161,713
    Notes receivable                                   20,935               20,935
    Acquisition costs                                  73,626               74,450
    Other assets                                          640                  604
                                                  $19,692,552          $20,061,085

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                       795,271              760,776
    Capital contributions payable                      86,718               86,718
    Line of credit                                          -                    -
                                                      881,989              847,494

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   18,961,363           19,360,361
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    3,991,800 issued and outstanding,
    as of June 30, 2004
General Partner                                     (150,538)            (146,508)
Unrealized gain (loss) on securities
    available for sale, net                             (262)                (262)
                                                   18,810,563           19,213,591
                                                  $19,692,552          $20,061,085

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 30

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $15,043,425          $15,343,813
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         122,813              124,788
    Investments                                             -                    -
    Notes receivable                                  273,842              273,842
    Acquisition costs                                 472,514              477,819
    Other assets                                        1,771                1,771
                                                  $15,813,365          $16,222,033

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                       239,637              184,407
    Capital contributions payable                     128,167              128,167
    Line of credit                                          -                    -
                                                      367,804              312,574

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   15,618,152           15,977,421
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,651,000 issued and outstanding,
    as of June 30, 2004
General Partner                                      (71,591)             (67,962)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   15,546,561           15,909,459
                                                  $15,914,365          $16,222,033

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 31

                                                June 30,           March 31,
                                                  2004                2004
                                              (Unaudited)          (Audited)
 ASSETS
 INVESTMENTS IN OPERATING PARTNERSHIPS            $22,316,975          $22,596,325
 (Note D)

 OTHER ASSETS
     Cash and cash equivalents                        375,849              487,978
     Investments                                            -                    -
     Notes receivable                                 655,675              655,675
     Acquisition costs                                      -                    -
     Other assets                                     147,047              147,047
                                                  $23,495,546          $23,887,025

 LIABILITIES

     Accounts payable & accrued expenses          $         -          $         -
     (Note C)
     Accounts payable affiliates                      264,960              264,960
     Capital contributions payable                    682,058              695,771
     Line of credit                                         -                    -
                                                      947,018              960,731

 PARTNERS CAPITAL
 Limited Partners
     Units of limited partnership                  22,702,302           23,076,290
     interest, $10 stated value per BAC;
     87,500,000 authorized BACs;
     4,417,857 issued and outstanding,
     as of June 30, 2004
 General Partner                                    (153,774)            (149,996)
 Unrealized gain (loss) on securities
     available for sale, net                                -                    -
                                                   22,548,528           22,926,294
                                                  $23,495,546          $23,887,025

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 32

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $27,626,881          $27,979,243
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         328,416              319,905
    Investments                                             -                    -
    Notes receivable                                  536,581              536,581
    Acquisition costs                                 676,467              684,066
    Other assets                                      448,301              448,301
                                                  $29,616,646          $29,968,096

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                       761,988              679,092
    Capital contributions payable                     902,467              902,467
    Line of credit                                          -                    -
                                                    1,664,455            1,581,559

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   28,079,030           28,509,033
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    4,754,198 issued and outstanding,
    as of June 30, 2004
General Partner                                     (126,839)            (122,496)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   27,952,191           28,386,537
                                                  $29,616,646          $29,968,096

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 33

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $15,560,571          $15,749,412
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         195,838              194,499
    Investments                                             -                    -
    Notes receivable                                   74,696               74,696
    Acquisition costs                                 606,971              613,790
    Other assets                                      133,131              133,131
                                                  $16,571,207          $16,765,528

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                       510,857              467,366
    Capital contributions payable                     202,285              202,285
    Line of credit                                          -                    -
                                                      713,142              669,651

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   15,925,264
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,636,533 issued and outstanding,                                   16,160,698
    as of June 30, 2004
General Partner                                      (67,199)             (64,821)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   15,858,065           16,095,877
                                                  $16,571,207          $16,765,528

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 34

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $20,201,268          $20,605,779
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         255,563              248,852
    Investments                                             -                    -
    Notes receivable                                    3,547                3,547
    Acquisition costs                                 964,634              975,473
    Other assets                                       11,473               11,473
                                                  $21,436,485          $21,845,124

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                       963,491              890,192
    Capital contributions payable                      85,968               85,968
    Line of credit                                          -                    -
                                                    1,049,459              976,160

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   20,483,546           20,960,665
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    3,529,319 issued and outstanding,
    as of June 30, 2004
General Partner                                      (96,520)             (91,701)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   20,387,026           20,868,964
                                                  $21,436,485          $21,845,124

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 35

                                               June 30,            March 31,
                                                 2004                 2004
                                              (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS             $18,490,194          $18,651,926
(Note D)

OTHER ASSETS
    Cash and cash equivalents                         634,451              568,900
    Investments                                             -                    -
    Notes receivable                                  322,784              322,784
    Acquisition costs                               2,733,664            2,764,380
    Other assets                                      124,353              196,002
                                                  $22,305,446          $22,503,992

LIABILITIES

    Accounts payable & accrued expenses           $         -          $         -
    (Note C)
    Accounts payable affiliates                       337,272              300,478
    Capital contributions payable                     603,740              603,740
    Line of credit                                          -                    -
                                                      941,012              904,218

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                   21,432,814           21,665,801
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    3,300,463 issued and outstanding,
    as of June 30, 2004
General Partner                                      (68,380)             (66,027)
Unrealized gain (loss) on securities
    available for sale, net                                 -                    -
                                                   21,364,434           21,599,774
                                                  $22,305,446          $22,503,992

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 36

                                        June 30,                    March 31,
                                          2004                        2004
                                      (Unaudited)                   (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note             $11,354,188          $11,525,838
D)

OTHER ASSETS
    Cash and cash equivalents                                86,225               79,639
    Investments                                                   -                    -
    Notes receivable                                        322,784              322,784
    Acquisition costs                                     1,877,017            1,898,107
    Other assets                                            338,277              338,277
                                                        $13,978,491          $14,164,645

LIABILITIES

    Accounts payable & accrued expenses                 $         -          $         -
    (Note C)
    Accounts payable affiliates                             675,411              634,828
    Capital contributions payable                           657,998              657,998
    Line of credit                                                -                    -
                                                          1,333,409            1,292,826

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                         12,697,294           12,921,764
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,106,837 issued and outstanding,
    as of June 30, 2004
General Partner                                            (52,212)             (49,945)
Unrealized gain (loss) on securities
    available for sale, net                                       -                    -
                                                         12,645,082           12,871,819
                                                        $13,978,491          $14,164,645

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 37

                                      June 30,                    March 31,
                                        2004                         2004
                                     (Unaudited)                  (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note            $15,064,526         $15,180,208
D)

OTHER ASSETS
    Cash and cash equivalents                              346,893             168,094
    Investments                                                  -                   -
    Notes receivable                                       155,490             155,490
    Acquisition costs                                    2,092,368           2,114,865
    Other assets                                            98,158             277,840
                                                       $17,757,435         $17,896,497

LIABILITIES

    Accounts payable & accrued expenses                $         -         $         -
    (Note C)
    Accounts payable affiliates                            514,723             463,506
    Capital contributions payable                          155,363             155,363
    Line of credit                                               -                   -
                                                           670,086             618,869

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                        17,132,039          17,320,415
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,512,500 issued and outstanding,
    as of June 30, 2004
General Partner                                           (44,690)            (42,787)
Unrealized gain (loss) on securities
    available for sale, net                                      -                   -
                                                        17,087,349          17,277,628
                                                       $17,757,435         $17,896,497

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 38

                                      June 30,                    March 31,
                                        2004                         2004
                                     (Unaudited)                  (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note            $15,450,334         $15,667,255
D)

OTHER ASSETS
    Cash and cash equivalents                              205,353             139,965
    Investments                                                  -                   -
    Notes receivable                                             -                   -
    Acquisition costs                                    2,373,551           2,397,527
    Other assets                                             4,875              64,336
                                                       $18,034,113         $18,269,083

LIABILITIES

    Accounts payable & accrued expenses                $         -         $         -
    (Note C)
    Accounts payable affiliates                            456,600             414,973
    Capital contributions payable                          117,735             117,735
    Line of credit                                               -                   -
                                                           574,335             532,708

PARTNERS CAPITAL
Limited Partners
    Units of limited partnership                        17,503,465          17,777,296
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,543,100 issues and outstanding,
    June 30, 2004
General Partner                                           (43,687)            (40,921)
Unrealized gain (loss) on securities
    available for sale, net                                      -                   -
                                                        17,459,778          17,736,375
                                                       $18,034,113         $18,269,083

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 39

                                                June 30,            March 31,
                                                  2004                2004
                                               (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS              $13,298,975         $13,521,338
(Note D)

OTHER ASSETS
     Cash and cash equivalents                         202,250              96,315
     Investments                                             -                   -
     Notes receivable                                        -                   -
     Acquisition costs                               2,194,563           2,216,508
     Other assets                                      184,159             294,028
                                                   $15,879,947         $16,128,189

LIABILITIES

     Accounts payable & accrued expenses           $         -         $         -
     (Note C)
     Accounts payable affiliates                       529,126             494,497
     Capital contributions payable                           -                   -
     Line of credit                                          -                   -
                                                       529,126             494,497

PARTNERS CAPITAL

Limited Partners
     Units of limited partnership                   15,393,755          15,673,797
     interest, $10 stated value per BAC;
     87,500,000 authorized BACs;
     2,292,152 issued and outstanding,
     as of June 30, 2004
General Partner                                       (42,934)            (40,105)
Unrealized gain (loss) on securities
     available for sale, net                                 -                   -
                                                    15,350,821          15,633,692
                                                   $15,879,947         $16,128,189

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 40

                                                June 30,            March 31,
                                                  2004                2004
                                               (Unaudited)          (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS              $17,006,627         $17,263,072
(Note D)

OTHER ASSETS
    Cash and cash equivalents                           33,052              40,313
    Investments                                              -                   -
    Notes receivable                                         -                   -
    Acquisition costs                                2,666,941           2,692,163
    Other assets                                       325,418             325,418
                                                   $20,032,038         $20,320,966

LIABILITIES

    Accounts payable & accrued expenses            $    36,733         $    36,733
    (Note C)
    Accounts payable affiliates                        801,420             750,951
    Capital contributions payable                      152,424             152,424
    Line of credit                                           -                   -
                                                       990,577             940,108

PARTNERS CAPITAL

Limited Partners
    Units of limited partnership                    19,075,989          19,411,992
    interest, $10 stated value per BAC;
    87,500,000 authorized BACs;
    2,630,256 issued and outstanding,
    as of June 30, 2004
General Partner                                       (34,528)            (31,134)
Unrealized gain (loss) on securities
    available for sale, net                                  -                   -
                                                    19,041,461          19,380,858
                                                   $20,032,038         $20,320,966

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 41

                                                       June 30,    March 31,
                                                         2004        2004
                                                      (Unaudited) (Unaudited)
     ASSETS
     INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)   $17,585,412 $18,522,070

     OTHER ASSETS
        Cash and cash equivalents                         667,740     323,017
        Investments                                             -           -
        Notes receivable                                   50,000      50,000
        Acquisition costs                               2,915,567   2,941,043
        Other assets                                      419,693     419,693
                                                      $21,638,412 $22,255,823

     LIABILITIES

        Accounts payable & accrued expenses               $     -     $     -
        (Note C)
        Accounts payable affiliates                       737,858     683,357
        Capital contributions payable                     973,902     838,164
        Line of credit                                          -           -
                                                        1,711,760   1,521,521

     PARTNERS CAPITAL

     Limited Partners
        Units of limited partnership                   19,977,945  20,777,519
        interest, $10 stated value per BAC;
        87,500,000 authorized BACs;
        2,891,626 issued and outstanding,
        as of June 30, 2004
     General Partner                                     (51,293)    (43,217)
     Unrealized gain (loss) on securities
        available for sale, net                                 -           -
                                                       19,926,652  20,734,302
                                                      $21,638,412 $22,255,823

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 42

                                                       June 30,    March 31,
                                                         2004        2004
                                                      (Unaudited) (Unaudited)
     ASSETS
     INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)   $17,351,209 $17,580,082

     OTHER ASSETS
        Cash and cash equivalents                       1,712,570   1,858,784
        Investments                                             -           -
        Notes receivable                                1,065,305   1,065,305
        Acquisition costs                               2,937,503   2,948,991
        Other assets                                      294,206     278,222
                                                      $23,360,793 $23,731,384

     LIABILITIES

        Accounts payable & accrued expenses              $      -     $     -
        (Note C)
        Accounts payable affiliates                       575,931     516,481
        Capital contributions payable                   1,817,119   2,026,211
        Line of credit                                          -           -
                                                        2,393,050   2,542,692

     PARTNERS CAPITAL

     Limited Partners
        Units of limited partnership                   20,994,296  21,213,036
        interest, $10 stated value per BAC;
        87,500,000 authorized BACs;
        2,744,262 issued and outstanding,
        as of June 30, 2004
     General Partner                                     (26,553)    (24,344)
     Unrealized gain (loss) on securities
        available for sale, net                                 -           -
                                                       20,967,743  21,188,692
                                                      $23,360,793 $23,731,384

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 43

                                                       June 30,    March 31,
                                                         2004         2004
                                                      (Unaudited) (Unaudited)
     ASSETS
     INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)   $23,843,180 $ 24,108,220

     OTHER ASSETS
        Cash and cash equivalents                         427,207    1,723,622
        Investments                                     3,316,687    2,401,514
        Notes receivable                                1,517,945    1,317,945
        Acquisition costs                               3,818,865    3,812,241
        Other assets                                      201,655      201,025
                                                      $33,125,539  $33,564,567

     LIABILITIES

        Accounts payable & accrued expenses                 $   -        $   -
        (Note C)
        Accounts payable affiliates                       471,625      395,891
        Capital contributions payable                   4,355,179    4,608,555
        Line of credit                                          -            -
                                                        4,826,804    5,004,446

     PARTNERS CAPITAL

     Limited Partners
        Units of limited partnership                   28,323,744   28,582,516
        interest, $10 stated value per BAC;
        87,500,000 authorized BACs;
        3,637,978 issued and outstanding,
        as of June 30, 2004
     General Partner                                     (34,311)     (31,697)
     Unrealized gain (loss) on securities
        available for sale, net                             9,302        9,302
                                                       28,298,735   28,560,121
                                                      $33,125,539  $33,564,567

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 44

                                                       June 30,     March 31
                                                         2004         2004
                                                      (Unaudited) (Unaudited)
     ASSETS
     INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)   $14,662,195 $ 14,763,643

     OTHER ASSETS
        Cash and cash equivalents                       1,257,754    1,867,420
        Investments                                     5,345,898    3,964,717
        Notes receivable                                        -      747,691
        Acquisition costs                               2,733,894    2,755,762
        Other assets                                        3,543        1,250
                                                      $24,003,284  $24,100,483

     LIABILITIES

        Accounts payable & accrued expenses                   $ -          $ -
        (Note C)
        Accounts payable affiliates                       169,357      116,471
        Capital contributions payable                   2,077,152    2,077,152
        Line of credit                                          -            -
                                                        2,246,509    2,193,623

     PARTNERS CAPITAL

     Limited Partners
        Units of limited partnership                   21,763,986
        interest, $10 stated value per BAC;
        87,500,000 authorized BACs;
        3,637,978 issued and outstanding,                           21,912,570
        as of June 30, 2004
     General Partner                                     (16,079)     (14,578)
     Unrealized gain (loss) on securities
        available for sale, net                             8,868        8,868
                                                       21,756,775   21,906,860
                                                      $24,003,284  $24,100,483

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 45

                                                       June 30,    March 31
                                                         2004        2004
                                                      (Unaudited) (Unaudited)
     ASSETS
     INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)   $22,278,485 $22,349,618

     OTHER ASSETS
        Cash and cash equivalents                       6,333,524   5,967,616
        Investments                                    10,059,688  10,634,756
        Notes receivable                                  830,543     830,543
        Acquisition costs                               2,885,666   2,897,541
        Other assets                                      613,514   1,014,271
                                                      $43,001,420 $43,694,345

     LIABILITIES

        Accounts payable & accrued expenses                   $ -         $ -
        (Note C)
        Accounts payable affiliates                             -           -
        Capital contributions payable                   8,662,415   9,227,492
        Line of credit                                          -           -
                                                        8,662,415   9,227,492

     PARTNERS CAPITAL

     Limited Partners
        Units of limited partnership                   34,328,173
        interest, $10 stated value per BAC;
        87,500,000 authorized BACs;
        3,637,978 issued and outstanding,                          34,454,769
        as of June 30, 2004
     General Partner                                      (6,696)     (5,444)
     Unrealized gain (loss) on securities
        available for sale, net                            17,528      17,528
                                                       34,339,005  34,466,853
                                                      $43,001,420 $43,694,345

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.
                                 BALANCE SHEETS

                                   Series 46

                                                       June 30,    March 31,
                                                         2004         2004
                                                      (Unaudited) (Unaudited)
     ASSETS
     INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)   $13,633,311 $ 10,331,681

     OTHER ASSETS
        Cash and cash equivalents                      11,567,736   15,846,289
        Investments                                     2,266,259    3,437,720
        Notes receivable                                        -            -
        Acquisition costs                               2,103,479    2,044,726
        Other assets                                    1,864,629       10,692
                                                      $31,435,414  $31,671,108

     LIABILITIES

        Accounts payable & accrued expenses                   $ -          $ -
        (Note C)
        Accounts payable affiliates                        12,415       12,415
        Capital contributions payable                   5,803,645    5,999,770
        Line of credit                                          -            -
                                                        5,816,060    6,012,185

     PARTNERS CAPITAL

     Limited Partners
        Units of limited partnership                   25,623,446
        interest, $10 stated value per BAC;
        87,500,000 authorized BACs;
        3,637,978 issued and outstanding,                           25,662,622
        as of June 30, 2004
     General Partner                                      (2,456)      (2,063)
     Unrealized gain (loss) on securities
        available for sale, net                           (1,636)      (1,636)
                                                       25,619,354   25,658,923
                                                      $31,435,414  $31,671,108

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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



                                                     2004         2003

          Income
            Interest income                     $    245,433 $    104,622
            Other income                                 300            -
                                                     245,733      104,622

          Share of loss from Operating           (6,411,458)  (6,002,081)
          Partnerships (Note D)

          Expenses
            Professional fees                        162,266      161,725
            Fund management fee (Note C)           1,391,131    1,306,363
            Organization costs                             -            -
            Amortization                             367,013      242,361
            General and administrative expenses      203,042       91,399
                                                   2,123,452    1,801,848

                    NET INCOME (LOSS)           $(8,289,177) $(7,699,307)

          Net income (loss) allocated to        $(8,206,287) $(7,622,315)
          limited partners

          Net income (loss) allocated to        $   (82,890) $   (76,992)
          general partner

          Net income (loss) per BAC             $     (2.72) $     (2.48)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 20

                                                       2004         2003

        Income
           Interest income                       $      2,008 $        358
           Other income                                     -            -
                                                        2,008          358

        Share of loss from Operating                (207,472)    (134,121)
        Partnerships(Note D)

        Expenses
           Professional fees                            5,897        8,133
           Fund management fee (Note C)                72,346       68,618
           Organization costs                               -            -
           Amortization                                   893          893
           General and administrative expenses          3,306        1,975
                                                       82,442       79,619

                   NET INCOME (LOSS)             $  (287,906) $  (213,382)

        Net income (loss) allocated to limited   $  (285,027) $  (211,248)
        partners

        Net income (loss) allocated to general   $    (2,879) $    (2,134)
        partner

        Net income (loss) per BAC                $      (.07) $      (.05)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 21

                                                       2004         2003

        Income
           Interest income                       $        135 $        329
           Other income                                     -            -
                                                          135          329

        Share of loss from Operating                (143,731)    (181,326)
        Partnerships(Note D)

        Expenses
           Professional fees                            3,165        7,529
           Fund management fee (Note C)                41,460       56,460
           Organization costs                               -            -
           Amortization                                   488          488
           General and administrative expenses          1,699        1,826
                                                       46,812       66,303

                   NET INCOME (LOSS)             $  (190,408) $  (247,300)

        Net income (loss) allocated to limited   $  (188,504) $  (244,827)
        partners

        Net income (loss) allocated to general    $   (1,904)  $   (2,473)
        partner

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

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 22

                                                       2004         2003

        Income
           Interest income                       $        291 $        558
           Other income                                     -            -
                                                          291          558

        Share of loss from Operating                (363,854)    (248,442)
        Partnerships(Note D)

        Expenses
           Professional fees                            5,021        5,013
           Fund management fee (Note C)                54,933       60,432
           Organization costs                               -            -
           Amortization                                 1,535        1,535
           General and administrative expenses          2,300        1,530
                                                       63,789       68,510

                   NET INCOME (LOSS)             $  (427,352) $  (316,394)

        Net income (loss) allocated to limited   $  (423,078) $  (313,230)
        partners

        Net income (loss) allocated to general   $    (4,274) $    (3,164)
        partner

        Net income (loss) per BAC                $      (.16) $      (.12)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 23

                                                       2004         2003

        Income
           Interest income                       $        137 $        247
           Other income                                     -            -
                                                          137          247

        Share of loss from Operating                (296,629)    (284,539)
        Partnerships(Note D)

        Expenses
           Professional fees                            4,498        7,685
           Fund management fee (Note C)                43,317       56,816
           Organization costs                               -            -
           Amortization                                 2,283        2,283
           General and administrative expenses          2,919        1,773
                                                       53,017       68,557

                   NET INCOME (LOSS)             $  (349,509) $  (352,849)

        Net income (loss) allocated to limited   $  (346,014) $  (349,321)
        partners

        Net income (loss) allocated to general   $    (3,495) $    (3,528)
        partner

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

The accompanying notes are an ntegral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 24

                                                       2004         2003

        Income
           Interest income                       $        216 $        375
           Other income                                     -            -
                                                          216          375

        Share of loss from Operating                (214,164)    (152,581)
        Partnerships(Note D)

        Expenses
           Professional fees                            4,574        5,306
           Fund management fee (Note C)                43,261       27,553
           Organization costs                               -            -
           Amortization                                 2,551        2,551
           General and administrative expenses          1,924        1,196
                                                       52,310       36,606

                   NET INCOME (LOSS)             $  (266,258) $  (188,812)

        Net income (loss) allocated to limited   $  (263,595) $  (186,924)
        partners

        Net income (loss) allocated to general    $   (2,663)  $   (1,888)
        partner

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

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 25

                                                       2004        2003

         Income
            Interest income                       $       454 $       645
            Other income                                    -           -
                                                          454         645

         Share of loss from Operating               (217,646)   (285,406)
         Partnerships(Note D)

         Expenses
            Professional fees                           5,937       6,166
            Fund management fee (Note C)               28,552      49,278
            Organization costs                              -           -
            Amortization                                3,805       3,805
            General and administrative expenses         2,519       2,084
                                                       40,813      61,333

                    NET INCOME (LOSS)             $ (258,005) $ (346,094)

         Net income (loss) allocated to limited   $ (255,425) $ (342,633)
         partners

         Net income (loss) allocated to general   $   (2,580) $   (3,461)
         partner

         Net income (loss) per BAC                $     (.08) $     (.11)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 26

                                                       2004        2003

         Income
            Interest income                       $       381 $       687
            Other income                                    -           -
                                                          381         687

         Share of loss from Operating               (322,017)   (439,974)
         Partnerships(Note D)

         Expenses
            Professional fees                           8,030      12,768
            Fund management fee (Note C)               89,640      98,573
            Organization costs                              -           -
            Amortization                                4,226       4,226
            General and administrative expenses         3,284       1,739
                                                      105,180     117,306

                    NET INCOME (LOSS)             $ (426,816) $ (556,593)

         Net income (loss) allocated to limited   $ (422,548) $ (551,027)
         partners

         Net income (loss) allocated to general   $   (4,268) $   (5,566)
         partner

         Net income (loss) per BAC                $     (.11) $     (.14)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 27

                                                       2004        2003

         Income
            Interest income                       $       165 $       362
            Other income                                    -           -
                                                          165         362

         Share of loss from Operating               (168,437)   (195,111)
         Partnerships(Note D)

         Expenses
            Professional fees                           3,584       4,356
            Fund management fee (Note C)               76,422      69,978
            Organization costs                              -           -
            Amortization                                3,914       3,914
            General and administrative expenses         1,879       1,262
                                                       85,799      79,510

                    NET INCOME (LOSS)             $ (254,071) $ (274,259)

         Net income (loss) allocated to limited   $ (251,530) $ (271,516)
         partners

         Net income (loss) allocated to general   $   (2,541) $   (2,743)
         partner

         Net income (loss) per BAC                $     (.10) $     (.11)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 28

                                                       2004        2003

         Income
            Interest income                        $      426 $     5,258
            Other income                                    -           -
                                                          426       5,258

         Share of loss from Operating               (338,620)   (309,038)
         Partnerships(Note D)

         Expenses
            Professional fees                           5,679      10,218
            Fund management fee (Note C)               27,389      60,322
            Organization costs                              -           -
            Amortization                                  825         825
            General and administrative expenses         3,157       3,409
                                                       37,050      74,774

                    NET INCOME (LOSS)             $ (375,244) $ (378,554)

         Net income (loss) allocated to limited   $ (371,492) $ (374,768)
         partners

         Net income (loss) allocated to general   $   (3,752) $   (3,786)
         partner

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

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 29

                                                       2004        2003

         Income
            Interest income                       $     2,009 $     2,859
            Other income                                    -           -
                                                        2,009       2,859

         Share of loss from Operating               (325,168)   (361,320)
         Partnerships(Note D)

         Expenses
            Professional fees                           4,669       6,941
            Fund management fee (Note C)               69,442      70,896
            Organization costs                              -           -
            Amortization                                  828         827
            General and administrative expenses         4,930       2,769
                                                       79,869      81,433

                    NET INCOME (LOSS)             $ (403,028) $ (439,894)

         Net income (loss) allocated to limited   $ (398,998) $ (435,495)
         partners

         Net income (loss) allocated to general   $   (4,030) $   (4,399)
         partner

         Net income (loss) per BAC                $     (.10) $     (.11)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 30

                                                       2004        2003

         Income
            Interest income                       $       126 $       178
            Other income                                    -           -
                                                          126         178

         Share of loss from Operating               (300,383)   (344,819)
         Partnerships(Note D)

         Expenses
            Professional fees                          14,125       3,863
            Fund management fee (Note C)               41,290      48,912
            Organization costs                              -           -
            Amortization                                5,309       5,309
            General and administrative expenses         1,917       1,271
                                                       62,641      59,355

                    NET INCOME (LOSS)             $ (362,898) $ (403,996)

         Net income (loss) allocated to limited   $ (359,269) $ (399,956)
         partners

         Net income (loss) allocated to general    $  (3,629)  $  (4,040)
         partner

         Net income (loss) per BAC                $     (.14) $     (.15)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 31

                                                       2004        2003

         Income
            Interest income                       $       408 $       352
            Other income                                    -           -
                                                          408         352

         Share of loss from Operating               (277,958)   (541,110)
         Partnerships(Note D)

         Expenses
            Professional fees                           4,774       4,713
            Fund management fee (Note C)               92,408      95,479
            Organization costs                              -           -
            Amortization                                    -           -
            General and administrative expenses         3,034       1,966
                                                      100,216     102,158

                    NET INCOME (LOSS)             $ (377,766) $ (642,916)

         Net income (loss) allocated to limited   $ (373,988) $ (636,487)
         partners

         Net income (loss) allocated to general   $   (3,778) $   (6,429)
         partner

         Net income (loss) per BAC                $     (.08) $     (.14)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 32

                                                       2004        2003

         Income
            Interest income                       $       320 $       414
            Other income                                    -           -
                                                          320         414

         Share of loss from Operating               (350,780)   (363,689)
         Partnerships(Note D)

         Expenses
            Professional fees                           4,669       6,940
            Fund management fee (Note C)               66,613      58,161
            Organization costs                              -           -
            Amortization                                9,181       9,181
            General and administrative expenses         3,423       2,275
                                                       83,886      76,557

                    NET INCOME (LOSS)             $ (434,346) $ (439,832)

         Net income (loss) allocated to limited   $ (430,003) $ (435,434)
         partners

         Net income (loss) allocated to general   $   (4,343) $   (4,398)
         partner

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

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 33

                                                       2004        2003

         Income
            Interest income                       $       193 $       289
            Other income                                    -           -
                                                          193         289

         Share of loss from Operating               (188,841)   (148,236)
         Partnerships(Note D)

         Expenses
            Professional fees                           2,841       4,189
            Fund management fee (Note C)               37,402      43,491
            Organization costs                              -           -
            Amortization                                6,819       6,820
            General and administrative expenses         2,102       1,290
                                                       49,164      55,790

                    NET INCOME (LOSS)             $ (237,812) $ (203,737)

         Net income (loss) allocated to limited   $ (235,434) $ (201,700)
         partners

         Net income (loss) allocated to general    $  (2,378)  $  (2,037)
         Partner

         Net income (loss) per BAC                $     (.09) $     (.08)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 34

                                                       2004        2003

         Income
            Interest income                       $       250 $       399
            Other income                                    -           -
                                                          250         399

         Share of loss from Operating               (404,365)   (527,289)
         Partnerships(Note D)

         Expenses
            Professional fees                           4,445       3,113
            Fund management fee (Note C)               60,008      66,715
            Organization costs                              -           -
            Amortization                               10,984      10,984
            General and administrative expenses         2,386       1,713
                                                       77,823      82,525

                    NET INCOME (LOSS)             $ (481,938) $ (609,415)

         Net income (loss) allocated to limited   $ (477,119) $ (603,321)
         partners

         Net income (loss) allocated to general   $   (4,819) $   (6,094)
         partner

         Net income (loss) per BAC                $     (.14) $     (.17)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 35

                                                       2004        2003

         Income
            Interest income                        $      522 $     1,056
            Other income                                    -           -
                                                          522       1,056

         Share of loss from Operating               (160,139)   (149,383)
         Partnerships(Note D)

         Expenses
            Professional fees                           2,794       2,713
            Fund management fee (Note C)               38,290      52,090
            Organization costs                              -           -
            Amortization                               32,309      32,310
            General and administrative expenses         2,330       1,527
                                                       75,723      88,640

                    NET INCOME (LOSS)             $ (235,340) $ (236,967)

         Net income (loss) allocated to limited   $ (232,987) $ (234,597)
         partners

         Net income (loss) allocated to general   $   (2,353) $   (2,370)
         partner

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

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 36

                                                       2004        2003

         Income
            Interest income                       $        84 $       135
            Other income                                  150           -
                                                          234         135

         Share of loss from Operating               (167,622)   (128,338)
         Partnerships(Note D)

         Expenses
            Professional fees                           3,137       4,598
            Fund management fee (Note C)               32,505      30,418
            Organization costs                              -           -
            Amortization                               22,116      22,116
            General and administrative expenses         1,591       1,157
                                                       59,349      58,289

                    NET INCOME (LOSS)             $ (226,737) $ (186,492)

         Net income (loss) allocated to limited   $ (224,470) $ (184,627)
         partners

         Net income (loss) allocated to general   $   (2,267) $   (1,865)
         partner

         Net income (loss) per BAC                $     (.11) $     (.09)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 37

                                                       2004        2003

         Income
            Interest income                       $       180 $       405
            Other income                                    -           -
                                                          180         405

         Share of loss from Operating               (111,475)   (125,284)
         Partnerships(Note D)

         Expenses
            Professional fees                           5,052       3,631
            Fund management fee (Note C)               48,717      44,238
            Organization costs                              -           -
            Amortization                               23,706      23,706
            General and administrative expenses         1,509         966
                                                       78,984      72,541

                    NET INCOME (LOSS)             $ (190,279) $ (197,420)

         Net income (loss) allocated to limited   $ (188,376) $ (195,446)
         partners

         Net income (loss) allocated to general   $   (1,903) $   (1,974)
         partner

         Net income (loss) per BAC                $     (.07) $     (.08)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 38

                                                       2004        2003

         Income
            Interest income                       $       143 $       222
            Other income                                    -           -
                                                          143         222

         Share of loss from Operating               (216,168)   (115,025)
         Partnerships(Note D)

         Expenses
            Professional fees                           3,137      15,051
            Fund management fee (Note C)               30,901      20,198
            Organization costs                              -           -
            Amortization                               24,729      26,234
            General and administrative expenses         1,805         940
                                                       60,572      62,423

                    NET INCOME (LOSS)             $ (276,597) $ (177,226)

         Net income (loss) allocated to limited   $ (273,831) $ (175,454)
         partners

         Net income (loss) allocated to general   $   (2,766) $   (1,772)
         partner

         Net income (loss) per BAC                $     (.11) $     (.07)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 39

                                                       2004        2003

         Income
            Interest income                       $       149 $        62
            Other income                                    -           -
                                                          149          62

         Share of loss from Operating               (221,726)   (212,843)
         Partnerships(Note D)

         Expenses
            Professional fees                           3,013       5,742
            Fund management fee (Note C)               34,200      28,765
            Organization costs                              -           -
            Amortization                               22,581      22,581
            General and administrative expenses         1,497         939
                                                       61,291      58,027

                    NET INCOME (LOSS)             $ (282,871) $ (270,808)

         Net income (loss) allocated to limited   $ (280,042) $ (268,100)
         partners

         Net income (loss) allocated to general   $   (2,829) $   (2,708)
         partner

         Net income (loss) per BAC                $     (.12) $     (.12)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 40

                                                        2004      2003

         Income
            Interest income                       $        34  $       136
            Other income                                     -           -
                                                            34         136

         Share of loss from Operating                (253,612)   (183,871)
         Partnerships(Note D)

         Expenses
            Professional fees                           10,893       6,148
            Fund management fee (Note C)                44,602      44,170
            Organization costs                               -           -
            Amortization                                28,431      28,429
            General and administrative expenses          1,893       1,356
                                                        85,819      80,103

                    NET INCOME (LOSS)              $ (339,397) $ (263,838)

         Net income (loss) allocated to limited    $ (336,003) $ (261,200)
         partners

         Net income (loss) allocated to general    $   (3,394) $   (2,638)
         partner

         Net income (loss) per BAC                 $     (.13) $     (.10)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 41

                                                     2004        2003

         Income
            Interest income                       $       330 $     1,690
            Other income                                  150           -
                                                          480       1,690

         Share of loss from Operating               (710,176)   (385,962)
         Partnerships(Note D)

         Expenses
            Professional fees                           4,697       7,974
            Fund management fee (Note C)               57,572      68,010
            Organization costs                              -           -
            Amortization                               33,461      33,344
            General and administrative expenses         2,224       4,190
                                                       97,954     113,518

                    NET INCOME (LOSS)             $ (807,650) $ (497,790)

         Net income (loss) allocated to limited   $ (799,574) $ (492,812)
         partners

         Net income (loss) allocated to general   $   (8,076) $   (4,978)
         partner

         Net income (loss) per BAC                $     (.28) $     (.17)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 42

                                                      2004       2003

          Income
             Interest income                       $    2,472 $   30,724
             Other income                                   -          -
                                                        2,472     30,724

          Share of loss from Operating              (142,326)  (174,520)
          Partnerships(Note D)

          Expenses
             Professional fees                          4,524      6,359
             Fund management fee (Note C)              44,893     34,857
             Organization costs                             -          -
             Amortization                              28,675          -
             General and administrative expenses        3,003     13,714
                                                       81,095     54,930

                     NET INCOME (LOSS)             $(220,949) $(198,726)

          Net income (loss) allocated to limited   $(218,740) $(196,739)
          partners

          Net income (loss) allocated to general   $  (2,209) $  (1,987)
          partner

          Net income (loss) per BAC                $    (.08) $    (.07)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 43

                                                         2004        2003

          Income
             Interest income                         $   15,293 $   29,142
             Other income                                     -          -
                                                         15,293     29,142

          Share of loss from Operating                (139,262)    (9,854)
          Partnerships(Note D)

          Expenses
             Professional fees                            8,751      8,473
             Fund management fee (Note C)                71,276     35,187
             Organization costs                               -          -
             Amortization                                40,996          -
             General and administrative expenses         16,394     24,558
                                                        137,417     68,218

                     NET INCOME (LOSS)              $ (261,386) $ (48,930)

          Net income (loss) allocated to limited    $ (258,772) $ (48,441)
          partners

          Net income (loss) allocated to general    $   (2,614) $    (489)
          partner

          Net income (loss) per BAC                 $    (0.07) $   (0.01)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 44

                                                        2004       2003

          Income
             Interest income                       $   67,255 $   27,740
             Other income                                   -          -
                                                       67,255     27,740

          Share of loss from Operating              (101,350)          -
          Partnerships(Note D)

          Expenses
             Professional fees                          6,521      4,103
             Fund management fee (Note C)              52,887     16,746
             Organization costs                             -          -
             Amortization                              25,390          -
             General and administrative expenses       31,192     13,974
                                                      115,990     34,823

                     NET INCOME (LOSS)             $(150,085) $  (7,083)

          Net income (loss) allocated to limited   $(148,584) $  (7,012)
          partners

          Net income (loss) allocated to general   $  (1,501) $     (71)
          partner

          Net income (loss) per BAC                $   (0.05) $   (0.00)

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 45*

                                                             2004

               Income
                  Interest income                       $    92,852
                  Other income                                    -
                                                             92,852

               Share of loss from Operating                (50,640)
               Partnerships(Note D)

               Expenses
                  Professional fees                          17,276
                  Fund management fee (Note C)               60,913
                  Organization costs                              -
                  Amortization                               27,166
                  General and administrative expenses        62,066
                                                            167,421

                          NET INCOME (LOSS)             $ (125,209)

               Net income (loss) allocated to limited   $ (123,957)
               partners

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

               Net income (loss) per BAC                $    (0.03)

*Series 45 did not commence operations until after June 30, 2003, therefore it does not have comparative information to report

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

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

                                   Series 46*

                                                             2004

               Income
                  Interest income                       $    58,603
                  Other income                                    -
                                                             58,603

               Share of loss from Operating                (16,897)
               Partnerships(Note D)

               Expenses
                  Professional fees                          10,563
                  Fund management fee (Note C)               29,892
                  Organization costs                              -
                  Amortization                                3,812
                  General and administrative expenses        36,759
                                                             81,026

                          NET INCOME (LOSS)             $  (39,320)

               Net income (loss) allocated to limited   $  (38,927)
               partners

               Net income (loss) allocated to general   $     (393)
               partner

               Net income (loss) per BAC                $    (0.00)

*Series 46 did not commence operations until after June 30, 2003, therefore it does not have comparative information to report

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                        Three months Ended June 30, 2004
                                  (Unaudited)

                                                       Accumulated
                                                        or other
                                           General    comprehensive
                            Assignees      Partner       income         Total

  Partners' capital       $ 492,272,914 $ (2,269,173)  $     33,800 $ 490,037,541
  (deficit)
    April 1, 2004

  Capital contributions               -             -             -             -

  Selling commissions and       (2,888)             -             -       (2,888)
    registration costs

  Net income (loss)         (8,206,287)      (82,890)             -   (8,289,177)

  Partners' capital       $ 484,063,739 $ (2,352,063)  $     33,800 $ 481,745,476
  (deficit),
    June 30, 2004

The accompanying notes are an integral part of this statement

                     Boston Capital Tax Credit Fund IV L.P.

                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                        Three months Ended June 30, 2004
                                  (Unaudited)

                                                       Accumulated
                                                        or other
                                           General    comprehensive
                             Assignees     Partner       income        Total
    Series 20
    Partners' capital       $  8,383,420 $  (249,223)   $         - $  8,134,197
    (deficit)
      April 1, 2004

    Capital contributions              -            -             -            -

    Selling commissions and            -            -             -            -
      registration costs

    Net income (loss)          (285,027)      (2,879)             -    (287,906)

    Partners' capital       $  8,098,393 $  (252,102)   $         - $  7,846,291
    (deficit),
      June 30, 2004

           Series 21
    Partners' capital       $  1,292,262 $  (150,535)   $           $  1,141,727
    (deficit)
      April 1, 2004

    Capital contributions              -            -             -            -

    Selling commissions and            -            -             -            -
      registration costs