<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> INDPENDENCE TAX CREDIT PLUS L.P. IV
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 7,529,205
<SECURITIES> 1,300,000
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 605,732
<PP&E> 79,042,421
<DEPRECIATION> 5,180,772
<TOTAL-ASSETS> 85,277,360
<CURRENT-LIABILITIES> 9,575,517
<BONDS> 38,745,462
0
0
<COMMON> 0
<OTHER-SE> 36,956,381
<TOTAL-LIABILITY-AND-EQUITY> 85,277,360
<SALES> 0
<TOTAL-REVENUES> 1,343,591
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 1,772,668
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 657,228
<INCOME-PRETAX> (1,076,085)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,076,085)
<EPS-BASIC> (23.24)
<EPS-DILUTED> 0
</TABLE>