<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS FOR INDEPENDENCE TAX CREDIT PLUS L.P. IV AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<CIK> 0000940329
<NAME> INDEPENDENCE TAX CREDIT PLUS L.P. IV
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-1-1999
<PERIOD-END> MAR-31-2000
<CASH> 4,384,477
<SECURITIES> 3,100,000
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 2,442,942
<PP&E> 79,582,719
<DEPRECIATION> 5,131,377
<TOTAL-ASSETS> 86,387,370
<CURRENT-LIABILITIES> 9,555,814
<BONDS> 38,758,268
0
0
<COMMON> 0
<OTHER-SE> 38,073,288
<TOTAL-LIABILITY-AND-EQUITY> 86,387,370
<SALES> 0
<TOTAL-REVENUES> 5,318,859
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 6,262,348
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,243,387
<INCOME-PRETAX> (3,180,438)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,180,438)
<EPS-BASIC> (68.68)
<EPS-DILUTED> 0
</TABLE>