BOSTON CAPITAL TAX CREDIT FUND IV LP - XXCCF Quarterly Report (10-Q) PART I

About EDGAR Online

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

Next Section

Previous Section

BOSTON CAPITAL TAX CREDIT FUND IV LP - 10-Q - 20040819 - PART_I

BALANCE SHEETS

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

ASSETS

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

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 (Note C)	$ 41,680	$ 66,482
	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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 73,953,742 issued and outstanding, as of June 30, 2004	484,063,739	492,272,914
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$ 6,371,111	$ 9,951,958

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,866,700 issued and outstanding, as of June 30, 2004	8,098,393	8,383,420
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$ 1,383,781	$ 1,527,512

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 1,892,700 issued and outstanding, as of June 30, 2004	1,103,758	1,292,262
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$ 7,618,086	$ 7,983,840

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,564,400 issued and outstanding, as of June 30, 2004	6,420,528	6,843,606
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$13,972,615	$14,271,144

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,336,727 issued and outstanding, June 30, 2004	13,258,668	13,604,682
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$ 7,648,746	$ 7,862,910

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 (Note C)	$ 679	$ 678
	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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,169,878 issued and outstanding, as of June 30, 2004	7,430,508	7,694,103
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$13,832,137	$14,051,041

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 (Note C)	$ 978	$ 978
	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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,026,109 issued and outstanding, as of June 30, 2004	13,259,637	13,515,062
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$21,903,081	$22,225,204

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 (Note C)	$ 90	$ 90
	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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,995,900 issued and outstanding, as of June 30, 2004	20,949,811	21,372,359
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$13,736,608	$13,905,222

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,460,700 issued and outstanding, as of June 30, 2004	12,976,322	13,227,852
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$23,371,574	$23,747,689

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 (Note C)	$ 3,200	$ 28,003
	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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 4,000,738 issued and outstanding, as of June 30, 2004	24,549,511	24,921,003
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$19,150,093	$19,475,261

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,991,800 issued and outstanding, as of June 30, 2004	18,961,363	19,360,361
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$15,043,425	$15,343,813

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,651,000 issued and outstanding, as of June 30, 2004	15,618,152	15,977,421
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$22,316,975	$22,596,325

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 4,417,857 issued and outstanding, as of June 30, 2004	22,702,302	23,076,290
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$27,626,881	$27,979,243

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 4,754,198 issued and outstanding, as of June 30, 2004	28,079,030	28,509,033
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$15,560,571	$15,749,412

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,636,533 issued and outstanding, as of June 30, 2004	15,925,264	16,160,698
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$20,201,268	$20,605,779

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,529,319 issued and outstanding, as of June 30, 2004	20,483,546	20,960,665
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$18,490,194	$18,651,926

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,300,463 issued and outstanding, as of June 30, 2004	21,432,814	21,665,801
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, 2004 (Unaudited)		March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)			$11,354,188		$11,525,838

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,106,837 issued and outstanding, as of June 30, 2004		12,697,294		12,921,764
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, 2004 (Unaudited)		March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)			$15,064,526		$15,180,208

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,512,500 issued and outstanding, as of June 30, 2004		17,132,039		17,320,415
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, 2004 (Unaudited)		March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)			$15,450,334		$15,667,255

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,543,100 issues and outstanding, June 30, 2004		17,503,465		17,777,296
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$13,298,975	$13,521,338

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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,292,152 issued and outstanding, as of June 30, 2004	15,393,755	15,673,797
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, 2004 (Unaudited)	March 31, 2004 (Audited)
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)		$17,006,627	$17,263,072

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 (Note C)	$ 36,733	$ 36,733
	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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,630,256 issued and outstanding, as of June 30, 2004	19,075,989	19,411,992
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, 2004 (Unaudited)	March 31, 2004 (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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,891,626 issued and outstanding, as of June 30, 2004	19,977,945	20,777,519
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, 2004 (Unaudited)	March 31, 2004 (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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 2,744,262 issued and outstanding, as of June 30, 2004	20,994,296	21,213,036
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, 2004 (Unaudited)	March 31, 2004 (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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,637,978 issued and outstanding, as of June 30, 2004	28,323,744	28,582,516
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, 2004 (Unaudited)	March 31 2004 (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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,637,978 issued and outstanding, as of June 30, 2004	21,763,986	21,912,570
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, 2004 (Unaudited)	March 31 2004 (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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,637,978 issued and outstanding, as of June 30, 2004	34,328,173	34,454,769
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, 2004 (Unaudited)	March 31, 2004 (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 interest, $10 stated value per BAC; 87,500,000 authorized BACs; 3,637,978 issued and outstanding, as of June 30, 2004	25,623,446	25,662,622
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 Partnerships (Note D)		(6,411,458)	(6,002,081)

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 limited partners		$ (8,206,287)	$ (7,622,315)

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

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 Partnerships(Note D)		(207,472)	(134,121)

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 partners		$ (285,027)	$ (211,248)

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

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 Partnerships(Note D)		(143,731)	(181,326)

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 partners		$ (188,504)	$ (244,827)

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

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 Partnerships(Note D)		(363,854)	(248,442)

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 partners		$ (423,078)	$ (313,230)

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

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 Partnerships(Note D)		(296,629)	(284,539)

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 partners		$ (346,014)	$ (349,321)

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

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 Partnerships(Note D)		(214,164)	(152,581)

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 partners		$ (263,595)	$ (186,924)

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

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 Partnerships(Note D)		(217,646)	(285,406)

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 partners		$ (255,425)	$ (342,633)

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

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 Partnerships(Note D)		(322,017)	(439,974)

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 partners		$ (422,548)	$ (551,027)

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

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 Partnerships(Note D)		(168,437)	(195,111)

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 partners		$ (251,530)	$ (271,516)

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

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 Partnerships(Note D)		(338,620)	(309,038)

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 partners		$ (371,492)	$ (374,768)

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

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 Partnerships(Note D)		(325,168)	(361,320)

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 partners		$ (398,998)	$ (435,495)

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

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 Partnerships(Note D)		(300,383)	(344,819)

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 partners		$ (359,269)	$ (399,956)

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

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 Partnerships(Note D)		(277,958)	(541,110)

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 partners		$ (373,988)	$ (636,487)

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

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 Partnerships(Note D)		(350,780)	(363,689)

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 partners		$ (430,003)	$ (435,434)

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

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 Partnerships(Note D)		(188,841)	(148,236)

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 partners		$ (235,434)	$ (201,700)

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

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 Partnerships(Note D)		(404,365)	(527,289)

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 partners		$ (477,119)	$ (603,321)

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

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 Partnerships(Note D)		(160,139)	(149,383)

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 partners		$ (232,987)	$ (234,597)

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

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 Partnerships(Note D)		(167,622)	(128,338)

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 partners		$ (224,470)	$ (184,627)

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

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 Partnerships(Note D)		(111,475)	(125,284)

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 partners		$ (188,376)	$ (195,446)

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

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 Partnerships(Note D)		(216,168)	(115,025)

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 partners		$ (273,831)	$ (175,454)

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

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 Partnerships(Note D)		(221,726)	(212,843)

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 partners		$ (280,042)	$ (268,100)

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

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 Partnerships(Note D)		(253,612)		(183,871)

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 partners		$ (336,003)		$ (261,200)

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

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 Partnerships(Note D)		(710,176)	(385,962)

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 partners		$ (799,574)	$ (492,812)

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

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 Partnerships(Note D)		(142,326)	(174,520)

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 partners		$ (218,740)	$ (196,739)

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

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 Partnerships(Note D)		(139,262)	(9,854)

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 partners		$ (258,772)	$ (48,441)

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

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 Partnerships(Note D)		(101,350)	-

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 partners		$ (148,584)	$ (7,012)

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

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 Partnerships(Note D)		(50,640)

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 partners		$ (123,957)

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

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 Partnerships(Note D)		(16,897)

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 partners		$ (38,927)

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

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total

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

Capital contributions	-	-	-	-

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

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

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

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)

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

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

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

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

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

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(188,504)	(1,904)	-	(190,408)

Partners' capital (deficit), June 30, 2004	$ 1,103,758	$ (152,439)	$ -	$ 951,319

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 22
Partners' capital (deficit) April 1, 2004	$ 6,843,606	$ (152,167)	$ -	$ 6,691,439

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(423,078)	(4,274)	-	(427,352)

Partners' capital (deficit), June 30, 2004	$ 6,420,528	$ (156,441)	$ -	$ 6,264,087

Series 23
Partners' capital (deficit) April 1, 2004	$ 13,604,682	$ (150,302)	$ -	$ 13,454,380

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(346,014)	(3,495)	-	(349,509)

Partners' capital (deficit), June 30, 2004	$ 13,258,668	$ (153,797)	$ -	$ 13,104,871

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 24
Partners' capital (deficit) April 1, 2004	$ 7,694,103	$ (109,452)	$ -	$ 7,584,651

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(263,595)	(2,663)	-	(266,258)

Partners' capital (deficit), June 30, 2004	$ 7,430,508	$ (112,115)	$ -	$ 7,318,393

Series 25
Partners' capital (deficit) April 1, 2004	$ 13,515,062	$ (123,529)	$ -	$ 13,391,533

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(255,425)	(2,580)	-	(258,005)

Partners' capital (deficit), June 30, 2004	$ 13,259,637	$ (126,109)	$ -	$ 13,133,528

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 26
Partners' capital (deficit) April 1, 2004	$ 21,372,359	$ (127,808)	$ -	$ 21,244,551

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(422,548)	(4,268)	-	(426,816)

Partners' capital (deficit), June 30, 2004	$ 20,949,811	$ (132,076)	$ -	$ 20,817,735

Series 27
Partners' capital (deficit) April 1, 2004	$ 13,227,852	$ (74,918)	$ -	$ 13,152,934

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(251,530)	(2,541)	-	(254,071)

Partners' capital (deficit), June 30, 2004	$ 12,976,322	$ (77,459)	$ -	$ 12,898,863

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 28
Partners' capital (deficit) April 1, 2004	$ 24,921,003	$ (95,493)	$ -	$ 24,825,510

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(371,492)	(3,752)	-	(375,244)

Partners' capital (deficit), June 30, 2004	$ 24,549,511	$ (99,245)	$ -	$ 24,450,266

Series 29
Partners' capital (deficit) April 1, 2004	$ 19,360,361	$ (146,508)	$ (262)	$ 19,231,591

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(398,998)	(4,030)	-	(403,028)

Partners' capital (deficit), June 30, 2004	$ 18,961,363	$ (150,538)	$ (262)	$ 18,810,563

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 30
Partners' capital (deficit) April 1, 2004	$ 15,977,421	$ (67,962)	$ -	$ 15,909,459

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(359,269)	(3,629)	-	(362,898)

Partners' capital (deficit), June 30, 2004	$ 15,618,152	$ (71,591)	$ -	$ 15,546,561

Series 31
Partners' capital (deficit) April 1, 2004	$ 23,076,290	$ (149,996)	$ -	$ 22,926,294

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(373,988)	(3,778)	-	(377,766)

Partners' capital (deficit), June 30, 2004	$ 22,702,302	$ (153,774)	$ -	$ 22,548,528

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 32
Partners' capital (deficit) April 1, 2004	$ 28,509,033	$ (122,496)	$ -	$ 28,386,537

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(430,003)	(4,343)	-	(434,346)

Partners' capital (deficit), June 30, 2004	$ 28,079,030	$ (126,839)	$ -	$ 27,952,191

Series 33
Partners' capital (deficit) April 1, 2004	$ 16,160,698	$ (64,821)	$ -	$ 16,095,877

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(235,434)	(2,378)	-	(237,812)

Partners' capital (deficit), June 30, 2004	$ 15,925,264	$ (67,199)	$ -	$ 15,858,065

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 34
Partners' capital (deficit) April 1, 2004	$ 20,960,665	$ (91,701)	$ -	$ 20,868,964

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(477,119)	(4,819)	-	(481,938)

Partners' capital (deficit), June 30, 2004	$ 20,483,546	$ (96,520)	$ -	$ 20,387,026

Series 35
Partners' capital (deficit) April 1, 2004	$ 21,665,801	$ (66,027)	$ -	$ 21,599,774

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(232,987)	(2,353)	-	(235,340)

Partners' capital (deficit), June 30, 2004	$ 21,432,814	$ (68,380)	$ -	$ 21,364,434

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 36
Partners' capital (deficit) April 1, 2004	$ 12,921,764	$ (49,945)	$ -	$ 12,871,819

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(224,470)	(2,267)	-	(226,737)

Partners' capital (deficit), June 30, 2004	$ 12,697,294	$ (52,212)	$ -	$ 12,645,082

Series 37
Partners' capital (deficit) April 1, 2004	$ 17,320,415	$ (42,787)	$ -	$ 17,277,628

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(188,376)	(1,903)	-	(190,279)

Partners' capital (deficit), June 30, 2004	$ 17,132,039	$ (44,690)	$ -	$ 17,087,349

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 38
Partners' capital (deficit) April 1, 2004	$ 17,777,296	$ (40,921)	$ -	$ 17,736,375

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(273,831)	(2,766)	-	(276,597)

Partners' capital (deficit), June 30, 2004	$ 17,503,465	$ (43,687)	$ -	$ 17,459,778

Series 39
Partners' capital (deficit) April 1, 2004	$ 15,673,797	$ (40,105)	$ -	$ 15,633,692

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(280,042)	(2,829)	-	(282,871)

Partners' capital (deficit), June 30, 2004	$ 15,393,755	$ (42,934)	$ -	$ 15,350,821

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 40
Partners' capital (deficit) April 1, 2004	$ 19,411,992	$ (31,134)	$ -	$ 19,380,858

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(336,003)	(3,394)	-	(339,397)

Partners' capital (deficit), June 30, 2004	$ 19,075,989	$ (34,528)	$ -	$ 19,041,461

Series 41
Partners' capital (deficit) April 1, 2004	$ 20,777,519	$ (43,217)	$ -	$ 20,734,302

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(799,574)	(8,076)	-	(807,650)

Partners' capital (deficit), June 30, 2004	$ 19,977,945	$ (51,293)	$ -	$ 19,926,652

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 42
Partners' capital (deficit) April 1, 2004	$ 21,213,036	$ (24,344)	$ -	$ 21,188,692

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(218,740)	(2,209)	-	(220,949)

Partners' capital (deficit), June 30, 2004	$ 20,994,296	$ (26,553)	$ -	$ 20,967,743

Series 43
Partners' capital (deficit) April 1, 2004	$ 28,582,516	$ (31,697)	$ 9,302	$ 28,560,121

Capital contributions	-	-	-	-

Selling commissions and registration costs	-	-	-	-

Net income (loss)	(258,772)	(2,614)	-	(261,386)

Partners' capital (deficit), June 30, 2004	$ 28,323,744	$ (34,311)	$ 9,302	$ 28,298,735

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 44
Partners' capital (deficit) April 1, 2004	$ 21,912,570	$ (14,578)	$ 8,868	$ 21,906,860

Capital contributions	-	-	-	-

Selling commissions and registration costs		-	-

Net income (loss)	(148,584)	(1,501)	-	(150,085)

Partners' capital (deficit), June 30, 2004	$ 21,763,986	$ (16,079)	$ 8,868	$ 21,756,775

Series 45
Partners' capital (deficit) April 1, 2004	$ 34,454,769	$ (5,444)	$ 17,528	$ 34,466,853

Capital contributions		-	-	-

Selling commissions and registration costs	(2,639)	-	-	(2,639)

Net income (loss)	(123,957)	(1,252)	-	(125,209)

Partners' capital (deficit), June 30, 2004	$ 34,328,173	$ (6,696)	$ 17,528	$ 34,339,005

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)

	Assignees	General Partner	Accumulated or other comprehensive income	Total
Series 46
Partners' capital (deficit) April 1, 2004	$ 25,662,622	$ (2,063)	$ (1,636)	$ 25,658,923

Capital contributions	-	-	-	-

Selling commissions and registration costs	(249)	-	-	(249)

Net income (loss)	(38,927)	(393)	-	(39,320)

Partners' capital (deficit), June 30, 2004	$ 25,623,446	$ (2,456)	$ (1,636)	$ 25,619,354

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$(8,289,177)	$(7,669,307)
	Adjustments
		Amortization		367,013	242,361
		Distributions from Operating Partnerships		3,782,844	52,839
		Share of Loss from Operating Partnerships		6,411,458	6,002,081
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		(18,880)	(805,655)
		Decrease (Increase) in prepaid expenses		-	-
		Decrease (Increase) in accounts receivable		(1,035,481)	2,521,671
		(Decrease) Increase in accounts payable affiliates		(24,803)	1,255,485
		Line of credit		-	-

			Net cash (used in) provided by operating activities	1,192,974	1,569,475


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			(140,012)	(986,844)
	Capital contributions paid to Operating Partnerships			(4,353,456)	(9,769,960)
	Advances to Operating Partnerships			547,691	(859,773)
	Investments			(578,941)	(5,987,747)

			Net cash (used in) provided by investing activities	(4,524,718)	(17,604,324)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		(2,888)	(1,313,189)
	Capital contributions received		-	14,228,760

		Net cash (used in) provided by financing activities	(2,888)	12,915,571


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(3,334,632)	(3,119,278)

Cash and cash equivalents, beginning			33,051,933	25,882,259

Cash and cash equivalents, ending			$ 29,717,301	$ 22,762,981

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ 1,842,272	$ 7,194,595

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 20

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (287,906)	$ (213,382)
	Adjustments
		Amortization		893	893
		Distributions from Operating Partnerships		3,373,377	-
		Share of Loss from Operating Partnerships		207,472	134,121
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses			-
		Decrease (Increase) in accounts receivable		-	(9,900)
		(Decrease) Increase in accounts payable affiliates		(1,026,363)	93,660
		Line of credit		-	-

			Net cash (used in) provided by operating activities	2,267,473	5,392


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 20

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			2,267,473	5,392

Cash and cash equivalents, beginning			252,117	244,384

Cash and cash equivalents, ending			$ 2,519,590	$ 249,776

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 21

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (190,408)	$ (247,300)
	Adjustments
		Amortization		488	488
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		143,731	181,326
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable
		(Decrease) Increase in accounts payable affiliates		31,461	56,461
		Line of credit		-	-
			Net cash (used in) provided by operating activities	(14,728)	(9,025)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 21

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(14,728)	(9,025)

Cash and cash equivalents, beginning			142,893	211,070

Cash and cash equivalents, ending			$ 128,165	$ 202,045

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 22

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (427,352)	$ (316,394)
	Adjustments
		Amortization		1,535	1,535
		Distributions from Operating Partnerships		1,900	-
		Share of Loss from Operating Partnerships		363,854	248,442
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in prepaid expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		18,648	577
		Line of credit		-	63,647

			Net cash (used in) provided by operating activities	(41,415)	(2,193)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			(1,500)	(1,500)
	Advances to Operating Partnerships			-	-
	Investments			-	-

			Net cash (used in) provided by investing activities	(1,500)	(1,500)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 22

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(42,915)	(3,693)

Cash and cash equivalents, beginning			320,139	354,902

Cash and cash equivalents, ending			$ 277,224	$ 351,209

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 23

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (349,509)	$ (352,849)
	Adjustments
		Amortization		2,283	2,283
		Distributions from Operating Partnerships		1,900	-
		Share of Loss from Operating Partnerships		296,629	284,539
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in prepaid expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		60,067	60,066
		Line of credit		-	-

			Net cash (used in) provided by operating activities	11,370	(5,961)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 23

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			11,370	(5,961)

Cash and cash equivalents, beginning			140,695	167,196

Cash and cash equivalents, ending			$ 152,065	$ 161,235

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 24

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (266,258)	$ (188,812)
	Adjustments
		Amortization		2,551	2,551
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		214,164	152,581
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	(4,362)
		Decrease (Increase) in accounts receivable		-	(4,400)
		(Decrease) Increase in accounts payable affiliates		56,460	55,431
		Line of credit		-	-
			Net cash (used in) provided by operating activities	6,917	12,989


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 24

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			6,917	12,989

Cash and cash equivalents, beginning			221,188	233,010

Cash and cash equivalents, ending			$ 228,105	$ 245,999

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 25

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (258,005)	$ (346,094)
	Adjustments
		Amortization		3,805	3,805
		Distributions from Operating Partnerships		15	10,179
		Share of Loss from Operating Partnerships		217,646	285,406
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	(5,744)
		Decrease (Increase) in accounts receivable			829
		(Decrease) Increase in accounts payable affiliates		68,169	68,170
		Line of credit		-	-

			Net cash (used in) provided by operating activities	31,630	16,551


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 25

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			31,630	16,551

Cash and cash equivalents, beginning			443,860	489,697

Cash and cash equivalents, ending			$ 475,490	$ 506,248

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,

(Unaudited)

Series 26

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (426,816)	$ (556,593)
	Adjustments
		Amortization		4,226	4,226
		Distributions from Operating Partnerships		106	2,329
		Share of Loss from Operating Partnerships		322,017	439,974
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	(90,945)
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		6,569	109,396
		Line of credit		-	-

			Net cash (used in) provided by operating activities	(93,898)	(91,613)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 26

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(93,898)	(91,613)

Cash and cash equivalents, beginning			447,941	516,145

Cash and cash equivalents, ending			$ 354,043	$ 424,532

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 27

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (254,071)	$ (274,259)
	Adjustments
		Amortization		3,914	3,914
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		168,437	195,111
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		(21,198)	78,802
		Line of credit		-	-

			Net cash (used in) provided by Operating activities	(102,918)	3,568


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 27

		2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid	-	-
	Capital contributions received	-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(102,918)	3,568

Cash and cash equivalents, beginning		234,047	339,714

Cash and cash equivalents, ending		$ 131,129	$ 343,282

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships		$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 28

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (375,244)	$ (378,554)
	Adjustments
		Amortization		825	825
		Distributions from Operating Partnerships		37,495	21,223
		Share of Loss from Operating Partnerships		338,620	309,038
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		(24,803)	-
		Decrease (Increase) in accounts receivable		-	346,886
		(Decrease) Increase in accounts payable affiliates		-	-
		Line of credit		-	-

			Net cash (used in) provided by operating activities	(23,107)	299,418


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	(32,081)
	Advances to Operating Partnerships			-	-
	Investments			-	(318,903)

			Net cash (used in) provided by investing activities	-	(350,984)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 28

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(23,107)	(51,566)

Cash and cash equivalents, beginning			464,935	304,688

Cash and cash equivalents, ending			$ 441,828	$ 253,122

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,

(Unaudited)

Series 29

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (403,028)	$ (439,894)
	Adjustments
		Amortization		828	827
		Distributions from Operating Partnerships		-	2,611
		Share of Loss from Operating Partnerships		325,168	361,320
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		(40)	148,595
		(Decrease) Increase in accounts payable affiliates		34,495	84,496
		Line of credit		-	-

			Net cash (used in) provided by operating activities	(42,577)	157,955


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	(202,008)
	Advances to Operating Partnerships			-	(137,380)
	Investments			(29,117)	-

			Net cash (used in) provided by investing activities	(29,117)	(339,388)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 29

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(71,694)	(181,433)

Cash and cash equivalents, beginning			328,122	468,844

Cash and cash equivalents, ending			$ 256,428	$ 287,411

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 30

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (362,898)	$ (403,996)
	Adjustments
		Amortization		5,309	5,309
		Distributions from Operating Partnerships		-	6,145
		Share of Loss from Operating Partnerships		300,383	344,819
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		55,231	(2)
		Line of credit		-	18,408

			Net cash (used in) provided by operating activities	(1,975)	(29,317)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	(6,144)
	Investments			-	-

			Net cash (used in) provided by investing activities	-	(6,144)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 30

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(1,975)	(35,461)

Cash and cash equivalents, beginning			124,788	121,470

Cash and cash equivalents, ending			$ 122,813	$ 86,009

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 31

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$(377,766)	$(642,916)
	Adjustments
		Amortization		-	-
		Distributions from Operating Partnerships		1,392	-
		Share of Loss from Operating Partnerships		277,958	541,110
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	(64,809)
		(Decrease) Increase in accounts payable affiliates		-	-
		Line of credit		-	-

			Net cash (used in) provided by operating activities	(98,416)	(166,615)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			(13,713)	(10,000)
	Advances to Operating Partnerships			-	-
	Investments			-	-

			Net cash (used in) provided by investing activities	(13,713)	(10,000)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 31

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(112,129)	(176,615)

Cash and cash equivalents, beginning			487,978	294,050

Cash and cash equivalents, ending			$ 375,849	$ 117,435

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 32

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (434,346)	$ (439,832)
	Adjustments
		Amortization		9,181	9,181
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		350,780	363,689
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		82,896	83,226
		Line of credit		-	-

			Net cash (used in) provided by operating activities	8,511	16,264


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	(7,089)
	Advances to Operating Partnerships			-	-
	Investments			-	-

			Net cash (used in) provided by investing activities	-	(7,089)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 32

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			8,511	9,175

Cash and cash equivalents, beginning			319,905	303,823

Cash and cash equivalents, ending			$ 328,416	$ 312,998

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 33

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (237,812)	$ (203,737)
	Adjustments
		Amortization		6,819	6,820
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		188,841	148,236
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	20,736
		(Decrease) Increase in accounts payable affiliates		43,491	43,491
		Line of credit		-	-

			Net cash (used in) provided by operating activities	1,339	15,546


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 33

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			1,339	15,546

Cash and cash equivalents, beginning			194,499	179,335

Cash and cash equivalents, ending			$ 195,838	$ 194,881

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 34

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (481,938)	$ (609,415)
	Adjustments
		Amortization		10,984	10,984
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		404,365	527,289
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		73,300	73,299
		Line of credit		-	-

			Net cash (used in) provided by operating activities	6,711	2,157


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	(10,000)
	Advances to Operating Partnerships			-	-
	Investments			-	-

			Net cash (used in) provided by investing activities	-	(10,000)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 34

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			6,711	(7,843)

Cash and cash equivalents, beginning			248,852	286,227

Cash and cash equivalents, ending			$ 255,563	$ 278,384

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 35

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (235,340)	$ (236,967)
		Adjustments
		Amortization		32,309	32,310
		Distributions from Operating Partnerships		-	-
		Share of Loss from Operating Partnerships		160,139	149,383
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		71,652	-
		(Decrease) Increase in accounts payable affiliates		36,791	57,090
		Line of credit		-	-

			Net cash (used in) provided by operating activities	65,551	1,816


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	-
	Advances to Operating Partnerships			-	-
	Investments			-	-

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

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 35

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			65,551	1,816

Cash and cash equivalents, beginning			568,900	581,040

Cash and cash equivalents, ending			$ 634,451	$ 582,856

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 36

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (226,737)	$ (186,492)
	Adjustments
		Amortization		22,116	22,116
		Distributions from Operating Partnerships		3,000	-
		Share of Loss from Operating Partnerships		167,622	128,338
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	-
		Decrease (Increase) in accounts receivable		-	-
		(Decrease) Increase in accounts payable affiliates		40,585	40,618
		Line of credit		-	-

			Net cash (used in) provided by operating activities	6,586	4,580


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	(22,432)
	Advances to Operating Partnerships			-	-
	Investments			-	-

			Net cash (used in) provided by investing activities	-	(22,432)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 36

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			6,586	(17,852)

Cash and cash equivalents, beginning			79,639	96,390

Cash and cash equivalents, ending			$ 86,225	$ 78,538

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 37

				2004	2003
Cash flows from operating activities:

	Net income (loss)			$ (190,279)	$ (197,420)
	Adjustments
		Amortization		23,706	23,706
		Distributions from Operating Partnerships		3,000	-
		Share of Loss from Operating Partnerships		111,475	125,284
	Changes in assets and liabilities
		Decrease (Increase) in organization costs		-	-
		(Decrease) Increase in accounts payable and accrued expenses		-	44,239
		Decrease (Increase) in accounts receivable		179,680	-
		(Decrease) Increase in accounts payable affiliates		51,217	-
		Line of credit		-	-

			Net cash (used in) provided by operating activities	178,799	(4,191)


Cash flows from investing activities:

	Acquisition costs repaid (paid) for Operating Partnerships acquired or to be acquired			-	-
	Capital contributions paid to Operating Partnerships			-	(101,403)
	Advances to Operating Partnerships			-	43,164
	Investments			-	-

			Net cash (used in) provided by investing activities	-	(58,239)

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 37

			2004	2003

Continued

Cash flows from financing activities:

	Sales and registration costs paid		-	-
	Capital contributions received		-	-

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


INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			178,799	(62,430)

Cash and cash equivalents, beginning			168,094	305,836

Cash and cash equivalents, ending			$ 346,893	$ 243,406

Supplemental schedule of non-cash investing and financing activities the fund has increased its investments for unpaid capital contributions due to the Operating Partnerships			$ -	$ -

The accompanying notes are an integral part of this statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Three months Ended June 30,
(Unaudited)

Series 38

			2004	2003
Cash flows from operating activities:

	Net income (loss)		$ (276,597)	$ (177,226)
	Adjustments
		Amortization	24,729	26,234
		Distributions from Operating Partnerships	-	-
		Share of Loss from Operating Partnerships	216,168	115,025
	Changes in assets and liabilities
		Decrease (Increase) in organization costs	-	-
		(Decrease) Increase in accounts payable and accrued expenses	-	-
		Decrease (Increase) in accounts receivable	59,461