v2.3.0.15

Statement of Earnings (USD $)	3 Months Ended		6 Months Ended
Statement of Earnings (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues [Abstract]
Rental income	$ 1,484,980	$ 1,347,647	$ 2,847,808	$ 2,710,812
Other Income	89,487	66,332	129,911	106,999
Gain on extinguishment of debt	0	0	0	0
Revenues	1,574,467	1,413,979	2,977,719	2,817,811
Operating Expenses [Abstract]
General and administrative	522,477	597,357	1,002,949	1,040,762
General and administrative-related parties	174,333	174,500	351,577	364,101
Repairs and maintenance	200,136	226,161	485,476	548,802
Operating	170,544	201,310	363,928	372,994
Taxes	65,597	67,974	128,860	140,066
Insurance	91,297	93,945	178,386	194,738
Financial, principally interest	315,338	316,660	623,787	638,192
Depreciation and amortization	129,138	149,906	258,278	299,895
Total Expenses From Operations	1,668,860	1,827,813	3,393,241	3,599,550
Loss from Operations	(94,393)	(413,834)	(415,522)	(781,739)
Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operations Before Income Tax	453,442	(86,318)	451,621	(181,852)
Net Loss	359,049	(500,152)	36,099	(963,591)
Income Loss From Continuing Operations Attributable To Noncontrolling Entity	(33,827)	24,997	42,550	32,181
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest	(535,195)	856	(535,188)	1,806
Net Income Loss Attributable To Noncontrolling Interest	(569,022)	25,853	(492,638)	33,987
Net Income Loss Attributable To Independence Tax Credit Plus L.P. IV	(209,973)	(474,299)	(456,539)	(929,604)
Loss From Operations Limited Partners	(126,938)	(384,949)	(369,242)	(742,062)
Income Loss From Discontinued Operations Limited Partners	(80,935)	(84,607)	(82,731)	(178,246)
Net Income Loss Allocated To Limited Partners	(207,873)	(469,556)	(451,973)	(920,308)
Number Of BACs Outstanding	43,440	43,440	43,440	43,440
Loss From Operations Per BAC	(2.92)	(8.86)	(8.50)	(17.08)
Income Loss From Discontinued Operations Per BAC	(1.86)	(1.95)	(1.90)	(4.11)
Net Income Loss Per BAC	$ (4.78)	$ (10.81)	$ (10.40)	$ (21.19)

Related party expenses for transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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Net Income Loss attributable to limited partners from continuing operations

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Net Income Loss attributable to limited partners from discontinuing operations

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Total 100 % Net Income Loss including Parent and Non-Controlling Interest portions

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Rental Income from Operations

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The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property.

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The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by (used in) operations using the indirect method.

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-Publisher FASB

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Other pretax income (loss) amounts relating to a disposal group that is classified as a component of the entity, exclusive of the following elsewhere enumerated categories: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

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Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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This element represents the income or loss from continuing operations attributable to the reporting entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items and cumulative effects of changes in accounting principles, but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any.

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This element represents the income or loss from continuing operations attributable to noncontrolling interests, if any, which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items and cumulative effects of changes in accounting principles which are apportioned to that ownership interest in subsidiary equity which is not attributable to the parent.

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The amount of income (loss) from continuing operations available to each limited partnership unit in a publicly trade limited partnership or master limited partnership (MLP) during the reporting period. Limited partners have limited liability and do not manage the partnership.

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This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items and the cumulative effect of accounting changes, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

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The amount of income (loss) from disposition of discontinued operations available to each limited partnership unit in a publicly traded limited partnership or a master limited partnership (MLP) during the reporting period, net of tax. Limited partners have limited liability and do not manage the partnership.

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Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings.

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The number of limited partner units outstanding. The limited partners are partners of a publicly traded limited partnership or master limited partnership. Limited partners have limited liability and do not manage the partnership.

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The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.

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Aggregate amount of net income allocated to general partners in a publicly trade limited partnership or master limited partnership (MLP). Limited partners have limited liability and do not manage the partnership.

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The portion of net income (loss) attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent.

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Net income (loss) allocated to each outstanding limited partnership unit in a publicly traded limited partnership or master limited partnership (MLP). Limited partners have limited liability and do not manage the partnership.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement.

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A contract to provide coverage or protection in exchange for a payment or "premium". Examples of insurance protection include liability and property insurance. The entity paying the premiums for the protection will have insurance expense and possibly an asset, Prepaid Insurance (if the premiums are paid in advance).

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A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land).

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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.

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Discloses the amount of operating expense for the period related to operations.

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