##### 



BOSTON CAPITAL TAX CREDIT FUND II
LIMITED PARTNERSHIP -
SERIES 7, 9 THROUGH 12, AND 14




---



##### 



PAGEREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    
    
    F-3FINANCIAL STATEMENTSBALANCE SHEETS
    
    
    F-5STATEMENTS OF OPERATIONS
    
    
    F-12STATEMENTS OF CHANGES IN PARTNERS CAPITAL (DEFICIT)
    
    
    F-19STATEMENTS OF CASH FLOWS
    
    
    F-23NOTES TO FINANCIAL STATEMENTS
    
    
    F-30SCHEDULE III  REAL ESTATE AND ACCUMULATED DEPRECIATION
    
    
    F-75NOTES TO SCHEDULE III
  F-2




---



##### 



F-3




---



##### 



F-4




---



##### 



Total2006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    3,696,857
    
    
    $
    6,966,573OTHER ASSETSCash and cash equivalents
    
    
    3,500,741
    
    
    
    4,885,997Notes receivable
    
    
    
    
    
    
    180,000Deferred acquisition costs, net of accumulated amortization
    
    
    574,055
    
    
    
    648,487Other
    
    
    825,410
    
    
    
    429,068$
    8,597,063
    
    
    $
    13,110,125LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    68,618
    
    
    $
    25,657Accounts payable  affiliates
    
    
    29,245,962
    
    
    
    30,016,228Capital contributions payable
    
    
    236,345
    
    
    
    236,34529,550,925
    
    
    
    30,278,230PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 18,679,738 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 18,679,738 issued and
outstanding at March 31, 2005 and 2004
    
    
    (19,175,853
    )
    
    
    (15,412,153
    )General partner
    
    
    (1,778,009
    )
    
    
    (1,755,952
    )(20,953,862
    )
    
    
    (17,168,105
    )$
    8,597,063
    
    
    $
    13,110,125
  F-5




---



##### 



Series 72006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    
    
    
    $
    30,271OTHER ASSETSCash and cash equivalents
    
    
    362,316
    
    
    
    237,457Notes receivable
    
    
    
    
    
    
    Deferred acquisition costs, net of accumulated amortization
    
    
    
    
    
    
    Other
    
    
    808,572
    
    
    
    5,500$
    1,170,888
    
    
    $
    273,228LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    9,000
    
    
    $
    Accounts payable  affiliates
    
    
    1,553,165
    
    
    
    1,685,882Capital contributions payable
    
    
    
    
    
    
    1,562,165
    
    
    
    1,685,882PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 1,036,100 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 1,036,100 issued and
outstanding at March 31, 2005 and 2004
    
    
    (297,437
    )
    
    
    (1,308,600
    )General partner
    
    
    (93,840
    )
    
    
    (104,054
    )(391,277
    )
    
    
    (1,412,654
    )$
    1,170,888
    
    
    $
    273,228
  F-6




---



##### 



Series 92006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    
    
    
    $
    OTHER ASSETSCash and cash equivalents
    
    
    206,104
    
    
    
    1,056,510Notes receivable
    
    
    
    
    
    
    Deferred acquisition costs, net of accumulated amortization
    
    
    6,378
    
    
    
    8,007Other
    
    
    14,138
    
    
    
    346,108$
    226,620
    
    
    $
    1,410,625LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    2,000
    
    
    $
    16,750Accounts payable  affiliates
    
    
    5,838,728
    
    
    
    6,120,002Capital contributions payable
    
    
    
    
    
    
    5,840,728
    
    
    
    6,136,752PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 4,178,029 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 4,178,029 issued and
outstanding at March 31, 2005 and 2004
    
    
    (5,223,129
    )
    
    
    (4,338,047
    )General partner
    
    
    (390,979
    )
    
    
    (388,080
    )(5,614,108
    )
    
    
    (4,726,127
    )$
    226,620
    
    
    $
    1,410,625
  F-7




---



##### 



Series 102006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    369,953
    
    
    $
    1,385,537OTHER ASSETSCash and cash equivalents
    
    
    351,299
    
    
    
    382,010Notes receivable
    
    
    
    
    
    
    Deferred acquisition costs, net of accumulated amortization
    
    
    33,993
    
    
    
    54,158Other
    
    
    
    
    
    
    2,151$
    755,245
    
    
    $
    1,823,856LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    12,000
    
    
    $
    Accounts payable  affiliates
    
    
    3,816,026
    
    
    
    4,618,195Capital contributions payable
    
    
    
    
    
    
    3,828,026
    
    
    
    4,618,195PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 2,428,925 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 2,428,925 issued and
outstanding at March 31, 2005 and 2004
    
    
    (2,847,140
    )
    
    
    (2,563,277
    )General partner
    
    
    (225,641
    )
    
    
    (231,062
    )(3,072,781
    )
    
    
    (2,794,339
    )$
    755,245
    
    
    $
    1,823,856
  F-8




---



##### 



Series 112006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    2,056,230
    
    
    $
    2,754,397OTHER ASSETSCash and cash equivalents
    
    
    260,979
    
    
    
    285,164Notes receivable
    
    
    
    
    
    
    Deferred acquisition costs, net of accumulated amortization
    
    
    24,994
    
    
    
    27,513Other
    
    
    
    
    
    
    15,736$
    2,342,203
    
    
    $
    3,082,810LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    14,710
    
    
    $
    Accounts payable  affiliates
    
    
    4,232,300
    
    
    
    3,946,662Capital contributions payable
    
    
    22,528
    
    
    
    22,5284,269,538
    
    
    
    3,969,190PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 2,489,599 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 2,489,599 issued and
outstanding at March 31, 2005 and 2004
    
    
    (1,693,376
    )
    
    
    (662,831
    )General partner
    
    
    (233,959
    )
    
    
    (223,549
    )(1,927,335
    )
    
    
    (886,380
    )$
    2,342,203
    
    
    $
    3,082,810
  F-9




---



##### 



Series 122006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    138,176
    
    
    $
    784,775OTHER ASSETSCash and cash equivalents
    
    
    996,805
    
    
    
    945,602Notes receivable
    
    
    
    
    
    
    Deferred acquisition costs, net of accumulated amortization
    
    
    153,841
    
    
    
    170,737Other
    
    
    2,700
    
    
    
    11,387$
    1,291,522
    
    
    $
    1,912,501LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    23,528
    
    
    $
    Accounts payable  affiliates
    
    
    5,231,113
    
    
    
    4,855,164Capital contributions payable
    
    
    11,405
    
    
    
    11,4055,266,046
    
    
    
    4,866,569PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 2,972,795 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 2,972,795 issued and
outstanding at March 31, 2005 and 2004
    
    
    (3,677,520
    )
    
    
    (2,667,269
    )General partner
    
    
    (297,004
    )
    
    
    (286,799
    )(3,974,524
    )
    
    
    (2,954,068
    )$
    1,291,522
    
    
    $
    1,912,501
  F-10




---



##### 



Series 142006
    
    
    2005ASSETSINVESTMENTS IN OPERATING LIMITED
PARTNERSHIPS
    
    $
    1,132,498
    
    
    $
    2,011,593OTHER ASSETSCash and cash equivalents
    
    
    1,323,238
    
    
    
    1,979,254Notes receivable
    
    
    
    
    
    
    180,000Deferred acquisition costs, net of accumulated amortization
    
    
    354,849
    
    
    
    388,072Other
    
    
    
    
    
    
    48,186$
    2,810,585
    
    
    $
    4,607,105LIABILITIES AND PARTNERS CAPITAL (DEFICIT)LIABILITIESAccounts payable  trade
    
    $
    7,380
    
    
    $
    8,907Accounts payable  affiliates
    
    
    8,574,630
    
    
    
    8,790,323Capital contributions payable
    
    
    202,412
    
    
    
    202,4128,784,422
    
    
    
    9,001,642PARTNERS CAPITAL (DEFICIT)Assignor limited partnerUnits of limited partnership interest consisting of
20,000,000 authorized beneficial assignee certificates
(BAC), $10 stated value, 5,574,290 issued and
outstanding to the assignees at March 31, 2005 and 2004
    
    
    
    
    
    
    AssigneesUnits of beneficial interest of the limited partnership interest
of the assignor limited partner, 5,574,290 issued and
outstanding at March 31, 2005 and 2004
    
    
    (5,437,251
    )
    
    
    (3,872,129
    )General partner
    
    
    (536,586
    )
    
    
    (522,408
    )(5,973,837
    )
    
    
    (4,394,537
    )$
    2,810,585
    
    
    $
    4,607,105
  F-11




---



##### 



Total2006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    17,511
    
    
    $
    22,479
    
    
    $
    12,799Miscellaneous income
    
    
    30,552
    
    
    
    47,883
    
    
    
    52,91048,063
    
    
    
    70,362
    
    
    
    65,709Share of income (loss) from operating limited
partnerships
    
    
    2,457,601
    
    
    
    (3,230,139
    )
    
    
    (4,482,965
    )ExpensesProfessional fees
    
    
    286,465
    
    
    
    271,835
    
    
    
    233,958Partnership management fee
    
    
    1,752,063
    
    
    
    1,719,408
    
    
    
    2,115,746Amortization
    
    
    74,433
    
    
    
    249,906
    
    
    
    48,561Impairment loss
    
    
    2,462,981
    
    
    
    3,069,541
    
    
    
    2,170,579General and administrative expenses
    
    
    135,280
    
    
    
    114,818
    
    
    
    216,3074,711,222
    
    
    
    5,425,508
    
    
    
    4,785,151NET LOSS
    
    $
    (2,205,558
    )
    
    $
    (8,585,285
    )
    
    $
    (9,202,407
    )Net loss allocated to general partner
    
    $
    (22,057
    )
    
    $
    (85,853
    )
    
    $
    (92,024
    )Net loss allocated to assignees
    
    $
    (2,183,501
    )
    
    $
    (8,499,432
    )
    
    $
    (9,110,383
    )Net loss per BAC
    
    $
    (0.12
    )
    
    $
    (0.46
    )
    
    $
    (0.49
    )
  F-12




---



##### 



Series 72006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    1,417
    
    
    $
    118
    
    
    $
    56Miscellaneous income
    
    
    
    
    
    
    2,100
    
    
    
    3,450Total income
    
    
    1,417
    
    
    
    2,218
    
    
    
    3,506Share of income (loss) from operating limited
partnerships
    
    
    1,072,780
    
    
    
    325,021
    
    
    
    (202,186
    )ExpensesProfessional fees
    
    
    18,467
    
    
    
    14,381
    
    
    
    13,486Partnership management fee
    
    
    22,118
    
    
    
    29,644
    
    
    
    98,620Amortization
    
    
    
    
    
    
    
    
    
    
    Impairment loss
    
    
    
    
    
    
    
    
    
    
    General and administrative expenses
    
    
    12,235
    
    
    
    12,910
    
    
    
    10,68752,820
    
    
    
    56,935
    
    
    
    122,793NET INCOME (LOSS)
    
    $
    1,021,377
    
    
    $
    270,304
    
    
    $
    (321,473
    )Net income (loss) allocated to general partner
    
    $
    10,214
    
    
    $
    2,703
    
    
    $
    (3,215
    )Net income (loss) allocated to assignees
    
    $
    1,011,163
    
    
    $
    267,601
    
    
    $
    (318,258
    )Net income (loss) per BAC
    
    $
    0.94
    
    
    $
    0.25
    
    
    $
    (0.30
    )
  F-13




---



##### 



Series 92006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    2,547
    
    
    $
    1,803
    
    
    $
    5,970Miscellaneous income
    
    
    10,223
    
    
    
    8,403
    
    
    
    9,808Total income
    
    
    12,770
    
    
    
    10,206
    
    
    
    15,778Share of income (loss) from operating limited
partnerships
    
    
    161,690
    
    
    
    1,286,062
    
    
    
    (413,847
    )ExpensesProfessional fees
    
    
    45,979
    
    
    
    37,246
    
    
    
    44,204Partnership management fee
    
    
    392,223
    
    
    
    372,688
    
    
    
    472,382Amortization
    
    
    1,631
    
    
    
    8,085
    
    
    
    870Impairment loss
    
    
    
    
    
    
    
    
    
    
    706,730General and administrative expenses
    
    
    24,482
    
    
    
    19,557
    
    
    
    41,446464,315
    
    
    
    437,576
    
    
    
    1,265,632NET INCOME (LOSS)
    
    $
    (289,855
    )
    
    $
    858,692
    
    
    $
    (1,663,701
    )Net income (loss) allocated to general partner
    
    $
    (2,899
    )
    
    $
    8,587
    
    
    $
    (16,637
    )Net income (loss) allocated to assignees
    
    $
    (286,956
    )
    
    $
    850,105
    
    
    $
    (1,647,064
    )Net income (loss) per BAC
    
    $
    (0.07
    )
    
    $
    0.20
    
    
    $
    (0.39
    )
  F-14




---



##### 



Series 102006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    2,170
    
    
    $
    14,010
    
    
    $
    724Miscellaneous income
    
    
    2,639
    
    
    
    30,058
    
    
    
    12,760Total income
    
    
    4,809
    
    
    
    44,068
    
    
    
    13,484Share of income (loss) from operating limited
partnerships
    
    
    963,618
    
    
    
    (485,369
    )
    
    
    (541,238
    )ExpensesProfessional fees
    
    
    39,900
    
    
    
    30,250
    
    
    
    31,185Partnership management fee
    
    
    187,544
    
    
    
    259,281
    
    
    
    265,720Amortization
    
    
    20,165
    
    
    
    9,509
    
    
    
    3,441Impairment loss
    
    
    160,877
    
    
    
    280,766
    
    
    
    246,427General and administrative expenses
    
    
    17,793
    
    
    
    16,204
    
    
    
    27,220426,279
    
    
    
    596,010
    
    
    
    573,993NET LOSS
    
    $
    542,148
    
    
    $
    (1,037,311
    )
    
    $
    (1,101,747
    )Net loss allocated to general partner
    
    $
    5,421
    
    
    $
    (10,373
    )
    
    $
    (11,017
    )Net loss allocated to assignees
    
    $
    536,727
    
    
    $
    (1,026,938
    )
    
    $
    (1,090,730
    )Net loss per BAC
    
    $
    0.22
    
    
    $
    (0.42
    )
    
    $
    (0.45
    )
  F-15




---



##### 



Series 112006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    1,041
    
    
    $
    1,195
    
    
    $
    1,516Miscellaneous income
    
    
    2,069
    
    
    
    3,725
    
    
    
    9,106Total income
    
    
    3,110
    
    
    
    4,920
    
    
    
    10,622Share of income (loss) from operating limited
partnerships
    
    
    553,449
    
    
    
    (515,127
    )
    
    
    (1,215,227
    )ExpensesProfessional fees
    
    
    38,890
    
    
    
    29,245
    
    
    
    35,403Partnership management fee
    
    
    279,792
    
    
    
    303,312
    
    
    
    297,947Amortization
    
    
    2,518
    
    
    
    4,758
    
    
    
    1,744Impairment loss
    
    
    1,259,406
    
    
    
    473,600
    
    
    
    542,101General and administrative expenses
    
    
    16,908
    
    
    
    14,764
    
    
    
    24,7871,597,514
    
    
    
    825,679
    
    
    
    901,982NET LOSS
    
    $
    (1,040,955
    )
    
    $
    (1,335,886
    )
    
    $
    (2,106,587
    )Net loss allocated to general partner
    
    $
    (10,410
    )
    
    $
    (13,359
    )
    
    $
    (21,066
    )Net loss allocated to assignees
    
    $
    (1,030,545
    )
    
    $
    (1,322,527
    )
    
    $
    (2,085,521
    )Net loss per BAC
    
    $
    (0.41
    )
    
    $
    (0.53
    )
    
    $
    (0.84
    )
  F-16




---



##### 



Series 122006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    3,304
    
    
    $
    704
    
    
    $
    240Miscellaneous income
    
    
    1,550
    
    
    
    1,836
    
    
    
    4,920Total income
    
    
    4,854
    
    
    
    2,540
    
    
    
    5,160Share of income (loss) from operating limited
partnerships
    
    
    (119,642
    )
    
    
    (2,743,788
    )
    
    
    (645,546
    )ExpensesProfessional fees
    
    
    48,733
    
    
    
    45,195
    
    
    
    35,164Partnership management fee
    
    
    285,474
    
    
    
    183,130
    
    
    
    327,198Amortization
    
    
    16,897
    
    
    
    75,623
    
    
    
    13,317Impairment loss
    
    
    534,437
    
    
    
    570,893
    
    
    
    141,919General and administrative expenses
    
    
    20,127
    
    
    
    17,615
    
    
    
    31,565905,668
    
    
    
    892,456
    
    
    
    549,163NET INCOME (LOSS)
    
    $
    (1,020,456
    )
    
    $
    (3,633,704
    )
    
    $
    (1,189,549
    )Net loss allocated to general partner
    
    $
    (10,205
    )
    
    $
    (36,337
    )
    
    $
    (11,895
    )Net loss allocated to assignees
    
    $
    (1,010,251
    )
    
    $
    (3,597,367
    )
    
    $
    (1,177,654
    )Net loss per BAC
    
    $
    (0.34
    )
    
    $
    (1.21
    )
    
    $
    (0.40
    )
  F-17




---



##### 



Series 142006
    
    
    2005
    
    
    2004IncomeInterest income
    
    $
    7,032
    
    
    $
    4,649
    
    
    $
    4,293Miscellaneous income
    
    
    14,071
    
    
    
    1,761
    
    
    
    12,866Total income
    
    
    21,103
    
    
    
    6,410
    
    
    
    17,159Share of income (loss) from operating limited
partnerships
    
    
    (174,294
    )
    
    
    (1,096,938
    )
    
    
    (1,464,921
    )ExpensesProfessional fees
    
    
    94,496
    
    
    
    115,518
    
    
    
    74,516Partnership management fee
    
    
    584,912
    
    
    
    571,353
    
    
    
    653,879Amortization
    
    
    33,222
    
    
    
    151,931
    
    
    
    29,189Impairment loss
    
    
    508,261
    
    
    
    1,744,282
    
    
    
    533,402General and administrative expenses
    
    
    43,735
    
    
    
    33,768
    
    
    
    80,6021,264,626
    
    
    
    2,616,852
    
    
    
    1,371,588NET LOSS
    
    $
    (1,417,817
    )
    
    $
    (3,707,380
    )
    
    $
    (2,819,350
    )Net loss allocated to general partner
    
    $
    (14,178
    )
    
    $
    (37,074
    )
    
    $
    (28,194
    )Net loss allocated to assignees
    
    $
    (1,403,639
    )
    
    $
    (3,670,306
    )
    
    $
    (2,791,156
    )Net loss per BAC
    
    $
    (0.25
    )
    
    $
    (0.66
    )
    
    $
    (0.50
    )
  F-18




---



##### 



GeneralTotal
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    4,672,658
    
    
    $
    (1,578,075
    )
    
    $
    3,094,583Net loss
    
    
    (9,110,383
    )
    
    
    (92,024
    )
    
    
    (9,202,407
    )Distributions
    
    
    (2,474,996
    )
    
    
    
    
    
    
    (2,474,996
    )Partners capital (deficit), March 31, 2004
    
    
    (6,912,721
    )
    
    
    (1,670,099
    )
    
    
    (8,582,820
    )Net loss
    
    
    (8,499,432
    )
    
    
    (85,853
    )
    
    
    (8,585,285
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (15,412,153
    )
    
    
    (1,755,952
    )
    
    
    (17,168,105
    )Net income
    
    
    (2,183,501
    )
    
    
    (22,057
    )
    
    
    (2,205,558
    )Distributions
    
    
    (1,580,199
    )
    
    
    
    
    
    
    (1,580,199
    )Partners capital (deficit), March 31, 2006
    
    $
    (19,175,853
    )
    
    $
    (1,778,009
    )
    
    $
    (20,953,862
    )
  F-19




---



##### 



GeneralSeries 7
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    (1,257,943
    )
    
    $
    (103,542
    )
    
    $
    (1,361,485
    )Net loss
    
    
    (318,258
    )
    
    
    (3,215
    )
    
    
    (321,473
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2004
    
    
    (1,576,201
    )
    
    
    (106,757
    )
    
    
    (1,682,958
    )Net loss
    
    
    267,601
    
    
    
    2,703
    
    
    
    270,304Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (1,308,600
    )
    
    
    (104,054
    )
    
    
    (1,412,654
    )Net income
    
    
    1,011,163
    
    
    
    10,214
    
    
    
    1,021,377Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2006
    
    $
    (297,437
    )
    
    $
    (93,840
    )
    
    $
    (391,277
    )
 GeneralSeries 9
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    (1,588,976
    )
    
    $
    (380,030
    )
    
    $
    (1,969,006
    )Net loss
    
    
    (1,647,064
    )
    
    
    (16,637
    )
    
    
    (1,663,701
    )Distributions
    
    
    (1,952,112
    )
    
    
    
    
    
    
    (1,952,112
    )Partners capital (deficit), March 31, 2004
    
    
    (5,188,152
    )
    
    
    (396,667
    )
    
    
    (5,584,819
    )Net loss
    
    
    850,105
    
    
    
    8,587
    
    
    
    858,692Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (4,338,047
    )
    
    
    (388,080
    )
    
    
    (4,726,127
    )Net income
    
    
    (286,956
    )
    
    
    (2,899
    )
    
    
    (289,855
    )Distributions
    
    
    (598,126
    )
    
    
    
    
    
    
    (598,126
    )Partners capital (deficit), March 31, 2006
    
    $
    (5,223,129
    )
    
    $
    (390,979
    )
    
    $
    (5,614,108
    )
  F-20




---



##### 



GeneralSeries 10
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    (445,609
    )
    
    $
    (209,672
    )
    
    $
    (655,281
    )Net loss
    
    
    (1,090,730
    )
    
    
    (11,017
    )
    
    
    (1,101,747
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2004
    
    
    (1,536,339
    )
    
    
    (220,689
    )
    
    
    (1,757,028
    )Net loss
    
    
    (1,026,938
    )
    
    
    (10,373
    )
    
    
    (1,037,311
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (2,563,277
    )
    
    
    (231,062
    )
    
    
    (2,794,339
    )Net income
    
    
    536,727
    
    
    
    5,421
    
    
    
    542,148Distributions
    
    
    (820,590
    )
    
    
    
    
    
    
    (820,590
    )Partners capital (deficit), March 31, 2006
    
    $
    (2,847,140
    )
    
    $
    (225,641
    )
    
    $
    (3,072,781
    )
 GeneralSeries 11
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    2,745,217
    
    
    $
    (189,124
    )
    
    $
    2,556,093Net loss
    
    
    (2,085,521
    )
    
    
    (21,066
    )
    
    
    (2,106,587
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2004
    
    
    659,696
    
    
    
    (210,190
    )
    
    
    449,506Net loss
    
    
    (1,322,527
    )
    
    
    (13,359
    )
    
    
    (1,335,886
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (662,831
    )
    
    
    (223,549
    )
    
    
    (886,380
    )Net income
    
    
    (1,030,545
    )
    
    
    (10,410
    )
    
    
    (1,040,955
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2006
    
    $
    (1,693,376
    )
    
    $
    (233,959
    )
    
    $
    (1,927,335
    )
  F-21




---



##### 



GeneralSeries 12
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    2,107,752
    
    
    $
    (238,567
    )
    
    $
    1,869,185Net loss
    
    
    (1,177,654
    )
    
    
    (11,895
    )
    
    
    (1,189,549
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2004
    
    
    930,098
    
    
    
    (250,462
    )
    
    
    679,636Net loss
    
    
    (3,597,367
    )
    
    
    (36,337
    )
    
    
    (3,633,704
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (2,667,269
    )
    
    
    (286,799
    )
    
    
    (2,954,068
    )Net income
    
    
    (1,010,251
    )
    
    
    (10,205
    )
    
    
    (1,020,456
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2006
    
    $
    (3,677,520
    )
    
    $
    (297,004
    )
    
    $
    (3,974,524
    )
 GeneralSeries 14
    
    Assignees
    
    
    partner
    
    
    TotalPartners capital (deficit), March 31, 2003
    
    $
    3,112,217
    
    
    $
    (457,140
    )
    
    $
    2,655,077Net loss
    
    
    (2,791,156
    )
    
    
    (28,194
    )
    
    
    (2,819,350
    )Distributions
    
    
    (522,884
    )
    
    
    
    
    
    
    (522,884
    )Partners capital (deficit), March 31, 2004
    
    
    (201,823
    )
    
    
    (485,334
    )
    
    
    (687,157
    )Net loss
    
    
    (3,670,306
    )
    
    
    (37,074
    )
    
    
    (3,707,380
    )Distributions
    
    
    
    
    
    
    
    
    
    
    Partners capital (deficit), March 31, 2005
    
    
    (3,872,129
    )
    
    
    (522,408
    )
    
    
    (4,394,537
    )Net income
    
    
    (1,403,639
    )
    
    
    (14,178
    )
    
    
    (1,417,817
    )Distributions
    
    
    (161,483
    )
    
    
    
    
    
    
    (161,483
    )Partners capital (deficit), March 31, 2006
    
    $
    (5,437,251
    )
    
    $
    (536,586
    )
    
    $
    (5,973,837
    )
  F-22




---



##### 



Total2006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet loss
    
    $
    (2,205,558
    )
    
    $
    (8,585,285
    )
    
    $
    (9,202,407
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    3,804
    
    
    
    105,078
    
    
    
    80,563Share of (income) loss from operating limited
partnerships
    
    
    (2,457,601
    )
    
    
    3,230,139
    
    
    
    4,482,965Impairment loss
    
    
    2,462,981
    
    
    
    3,069,541
    
    
    
    2,170,579Amortization
    
    
    74,433
    
    
    
    249,906
    
    
    
    48,561Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    59,711
    
    
    
    1,362,166
    
    
    
    2,449,011Accounts payable  affiliates
    
    
    (571,492
    )
    
    
    
    
    
    
    Other assets
    
    
    (650,010
    )
    
    
    (131,780
    )
    
    
    (349
    )Net cash provided by (used in)
operating activities
    
    
    (3,283,732
    )
    
    
    (700,235
    )
    
    
    28,923Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    11,979
    
    
    
    176,481
    
    
    
    118,278Proceeds from disposition of operating limited partnerships
    
    
    3,466,697
    
    
    
    3,660,333
    
    
    
    443,280Purchase of investments (net of proceeds from
redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    3,478,676
    
    
    
    3,836,814
    
    
    
    561,558Cash flows from financing activitiesDistributions paid to assignees
    
    
    (1,580,199
    )
    
    
    
    
    
    
    (2,474,996
    )Net cash provided by (used in) financing
activities
    
    
    (1,580,199
    )
    
    
    
    
    
    
    (2,474,996
    )NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    (1,385,255
    )
    
    
    3,136,579
    
    
    
    (1,884,515
    )Cash and cash equivalents, beginning
    
    
    4,885,996
    
    
    
    1,749,417
    
    
    
    3,633,932Cash and cash equivalents, end
    
    $
    3,500,741
    
    
    $
    4,885,996
    
    
    $
    1,749,417
  F-23




---



##### 



Series 72006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet income (loss)
    
    $
    1,021,377
    
    
    $
    270,304
    
    
    $
    (321,473
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    
    
    
    
    3,085
    
    
    
    9,698Share of (income) loss from operating limited
partnerships
    
    
    (1,072,780
    )
    
    
    (325,021
    )
    
    
    202,186Impairment loss
    
    
    
    
    
    
    
    
    
    
    Amortization
    
    
    
    
    
    
    
    
    
    
    Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    9,000
    
    
    
    (67,080
    )
    
    
    221,208Accounts payable  affiliates
    
    
    (202,855
    )Other assets
    
    
    (738,072
    )
    
    
    
    
    
    
    Net cash provided by (used in)
operating activities
    
    
    (983,330
    )
    
    
    (118,712
    )
    
    
    111,619Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (109,226
    )Proceeds from disposition of operating limited partnerships
    
    
    1,108,189
    
    
    
    343,953
    
    
    
    Purchase of investments (net of proceeds from
redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    1,108,189
    
    
    
    343,953
    
    
    
    (109,226
    )Cash flows from financing activitiesDistributions paid to assignees
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) financing
activities
    
    
    
    
    
    
    
    
    
    
    NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    124,859
    
    
    
    225,241
    
    
    
    2,393Cash and cash equivalents, beginning
    
    
    237,457
    
    
    
    12,216
    
    
    
    9,823Cash and cash equivalents, end
    
    $
    362,316
    
    
    $
    237,457
    
    
    $
    12,216
  F-24




---



##### 



Series 92006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet income (loss)
    
    $
    (289,855
    )
    
    $
    858,692
    
    
    $
    (1,663,701
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    
    
    
    
    74,498
    
    
    
    1,427Share of (income) loss from operating limited
partnerships
    
    
    (161,690
    )
    
    
    (1,286,062
    )
    
    
    413,847Impairment loss
    
    
    
    
    
    
    
    
    
    
    706,730Amortization
    
    
    1,631
    
    
    
    8,085
    
    
    
    870Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    2,000
    
    
    
    (112,848
    )
    
    
    518,316Accounts payable  affiliates
    
    
    (133,590
    )
    
    
    
    
    
    
    Other assets
    
    
    49,801
    
    
    
    (122,522
    )
    
    
    (350
    )Net cash provided by (used in)
operating activities
    
    
    (531,703
    )
    
    
    (580,157
    )
    
    
    (22,861
    )Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    Proceeds from disposition of operating limited partnerships
    
    
    279,424
    
    
    
    1,393,049
    
    
    
    187,718Purchase of investments (net of proceeds from
redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    279,424
    
    
    
    1,393,049
    
    
    
    187,718Cash flows from financing activitiesDistributions paid to assignees
    
    
    (598,126
    )
    
    
    
    
    
    
    (1,952,112
    )Net cash provided by (used in) financing
activities
    
    
    (598,126
    )
    
    
    
    
    
    
    (1,952,112
    )NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    (850,405
    )
    
    
    812,892
    
    
    
    (1,787,255
    )Cash and cash equivalents, beginning
    
    
    1,056,509
    
    
    
    243,617
    
    
    
    2,030,872Cash and cash equivalents, end
    
    $
    206,104
    
    
    $
    1,056,509
    
    
    $
    243,617
  F-25




---



##### 



Series 102006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet loss
    
    $
    542,148
    
    
    $
    (1,037,311
    )
    
    $
    (1,101,747
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    
    
    
    
    11,442
    
    
    
    45,344Share of (income) loss from operating limited
partnerships
    
    
    (963,618
    )
    
    
    485,369
    
    
    
    541,238Impairment loss
    
    
    160,877
    
    
    
    280,766
    
    
    
    246,427Amortization
    
    
    20,165
    
    
    
    9,509
    
    
    
    3,441Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    12,000
    
    
    
    322,928
    
    
    
    328,244Accounts payable  affiliates
    
    
    (742,159
    )Other assets
    
    
    
    
    
    
    349
    
    
    
    (350
    )Net cash provided by (used in)
operating activities
    
    
    (970,587
    )
    
    
    73,052
    
    
    
    62,597Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    Proceeds from disposition of operating limited partnerships
    
    
    1,760,466
    
    
    
    124,531
    
    
    
    Purchase of investments (net of proceeds from
redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    1,760,466
    
    
    
    124,531
    
    
    
    Cash flows from financing activitiesDistributions paid to assignees
    
    
    (820,590
    )
    
    
    
    
    
    
    Net cash provided by (used in) financing
activities
    
    
    (820,590
    )
    
    
    
    
    
    
    NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    (30,711
    )
    
    
    197,583
    
    
    
    62,597Cash and cash equivalents, beginning
    
    
    382,010
    
    
    
    184,427
    
    
    
    121,830Cash and cash equivalents, end
    
    $
    351,299
    
    
    $
    382,010
    
    
    $
    184,427
  F-26




---



##### 



Series 112006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet loss
    
    $
    (1,040,955
    )
    
    $
    (1,335,886
    )
    
    $
    (2,106,587
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    
    
    
    
    36
    
    
    
    464Share of (income) loss from operating limited
partnerships
    
    
    (553,449
    )
    
    
    515,127
    
    
    
    1,215,227Impairment loss
    
    
    1,259,406
    
    
    
    473,600
    
    
    
    542,101Amortization
    
    
    2,518
    
    
    
    4,758
    
    
    
    1,744Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    14,710
    
    
    
    351,428
    
    
    
    340,680Accounts payable  affiliates
    
    
    285,638Other assets
    
    
    
    
    
    
    (9,607
    )
    
    
    (350
    )Net cash provided by (used in)
operating activities
    
    
    (32,132
    )
    
    
    (544
    )
    
    
    (6,721
    )Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    (50,746
    )
    
    
    (46,122
    )
    
    
    (30,651
    )Proceeds from disposition of operating limited partnerships
    
    
    58,693
    
    
    
    
    
    
    
    Purchase of investments (net of proceeds from
 redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    7,947
    
    
    
    (46,122
    )
    
    
    (30,651
    )Cash flows from financing activitiesDistributions paid to assignees
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) financing
activities
    
    
    
    
    
    
    
    
    
    
    NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    (24,185
    )
    
    
    (46,666
    )
    
    
    (37,372
    )Cash and cash equivalents, beginning
    
    
    285,164
    
    
    
    331,830
    
    
    
    369,202Cash and cash equivalents, end
    
    $
    260,979
    
    
    $
    285,164
    
    
    $
    331,830
  F-27




---



##### 



Series 122006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet income (loss)
    
    $
    (1,020,456
    )
    
    $
    (3,633,704
    )
    
    $
    (1,189,549
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    
    
    
    
    6,753
    
    
    
    8,728Share of (income) loss from operating limited
partnerships
    
    
    119,642
    
    
    
    2,743,788
    
    
    
    645,546Impairment loss
    
    
    534,437
    
    
    
    570,893
    
    
    
    141,919Amortization
    
    
    16,897
    
    
    
    75,623
    
    
    
    13,317Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    23,528
    
    
    
    380,416
    
    
    
    407,504Accounts payable  affiliates
    
    
    387,912Other assets
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in)
operating activities
    
    
    61,960
    
    
    
    143,769
    
    
    
    27,465Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    (117,275
    )
    
    
    13,831
    
    
    
    Proceeds from disposition of operating limited partnerships
    
    
    106,518
    
    
    
    720,863
    
    
    
    Purchase of investments (net of proceeds from
redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    (10,757
    )
    
    
    734,694
    
    
    
    Cash flows from financing activitiesDistributions paid to assignees
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) financing
activities
    
    
    
    
    
    
    
    
    
    
    NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    51,203
    
    
    
    878,463
    
    
    
    27,465Cash and cash equivalents, beginning
    
    
    945,602
    
    
    
    67,139
    
    
    
    39,674Cash and cash equivalents, end
    
    $
    996,805
    
    
    $
    945,602
    
    
    $
    67,139
  F-28




---



##### 



Series 142006
    
    
    2005
    
    
    2004Cash flows from operating activitiesNet loss
    
    $
    (1,417,817
    )
    
    $
    (3,707,380
    )
    
    $
    (2,819,350
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDistributions from operating limited
partnerships
    
    
    3,804
    
    
    
    9,264
    
    
    
    14,902Share of (income) loss from operating limited
partnerships
    
    
    174,294
    
    
    
    1,096,938
    
    
    
    1,464,921Impairment loss
    
    
    508,261
    
    
    
    1,744,282
    
    
    
    533,402Amortization
    
    
    33,222
    
    
    
    151,931
    
    
    
    29,189Changes in assets and liabilitiesAccounts payable and accrued expenses
    
    
    (1,527
    )
    
    
    487,322
    
    
    
    633,059Accounts payable  affiliates
    
    
    (166,438
    )Other assets
    
    
    38,261
    
    
    
    
    
    
    
    701Net cash provided by (used in)
operating activities
    
    
    (827,940
    )
    
    
    (217,643
    )
    
    
    (143,176
    )Cash flows from investing activitiesCapital contributions paid to operating limited
partnerships
    
    
    
    
    
    
    
    
    
    
    (Advances to) repayments from operating limited
partnerships
    
    
    180,000
    
    
    
    208,772
    
    
    
    258,155Proceeds from disposition of operating limited partnerships
    
    
    153,407
    
    
    
    1,077,937
    
    
    
    255,562Purchase of investments (net of proceeds from
redemption of investments)
    
    
    
    
    
    
    
    
    
    
    Net cash provided by (used in) investing
activities
    
    
    333,407
    
    
    
    1,286,709
    
    
    
    513,717Cash flows from financing activitiesDistributions paid to assignees
    
    
    (161,483
    )
    
    
    
    
    
    
    (522,884
    )Net cash provided by (used in) financing
activities
    
    
    (161,483
    )
    
    
    
    
    
    
    (522,884
    )NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
    
    
    (656,016
    )
    
    
    1,069,066
    
    
    
    (152,343
    )Cash and cash equivalents, beginning
    
    
    1,979,254
    
    
    
    910,188
    
    
    
    1,062,531Cash and cash equivalents, end
    
    $
    1,323,238
    
    
    $
    1,979,254
    
    
    $
    910,188
  F-29




---



##### 



NOTE A 
    
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
    Series 7
    
    
    1,036,100Series 9
    
    
    4,178,029Series 10
    
    
    2,428,925Series 11
    
    
    2,489,599Series 12
    
    
    2,972,795Series 14
    
    
    5,574,290Total
    
    
    18,679,738
 F-30




---



##### 



NOTE A 
    
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
  Deferred Acquisition Costs
    2006
    
    
    2005Series 7
    
    $
    
    
    
    $
    Series 9
    
    
    17,545
    
    
    
    15,915Series 10
    
    
    60,645
    
    
    
    40,478Series 11
    
    
    22,974
    
    
    
    20,455Series 12
    
    
    212,371
    
    
    
    195,476Series 14
    
    
    447,856
    
    
    
    414,633$
    761,391
    
    
    $
    686,957
  Income Taxes
  F-31




---



##### 



NOTE A 
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Investments in Operating Limited Partnerships
   2006
    
    
    2005
    
    
    2004Series 7
    
    $
    130,176
    
    
    $
    130,176
    
    
    $
    130,176Series 9
    
    
    181,894
    
    
    
    175,387
    
    
    
    68,804Series 10
    
    
    38,979
    
    
    
    36,828
    
    
    
    36,828Series 11
    
    
    263,416
    
    
    
    196,933
    
    
    
    70,159Series 12
    
    
    156,160
    
    
    
    91,149
    
    
    
    91,149Series 14
    
    
    52,498
    
    
    
    42,573
    
    
    
    42,573$
    823,123
    
    
    $
    673,046
    
    
    $
    439,689
  F-32




---



##### 



NOTE A 
    
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Investments in Operating Limited Partnerships
      F-33




---



##### 



NOTE A 
    
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Investments in Operating Limited Partnerships
    F-34




---



##### 



NOTE A 
    
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Cash Equivalents
   Fiscal Year
  Net Loss per Beneficial Assignee Certificate
  Series 7
    
    
    1,036,100Series 9
    
    
    4,178,029Series 10
    
    
    2,428,925Series 11
    
    
    2,489,599Series 12
    
    
    2,972,795Series 14
    
    
    5,574,290Total
    
    
    18,679,738
 F-35




---



##### 



NOTE A 
    
    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
 Use of Estimates
     F-36




---



##### 



2006
    
    
    2005
    
    
    2004Series 7
    
    $
    22,118
    
    
    $
    29,644
    
    
    $
    98,620Series 9
    
    
    392,223
    
    
    
    372,688
    
    
    
    472,382Series 10
    
    
    187,544
    
    
    
    259,281
    
    
    
    265,720Series 11
    
    
    279,792
    
    
    
    303,312
    
    
    
    297,947Series 12
    
    
    285,474
    
    
    
    183,130
    
    
    
    327,198Series 14
    
    
    584,912
    
    
    
    571,353
    
    
    
    653,879$
    1,752,063
    
    
    $
    1,719,408
    
    
    $
    2,115,746
  2006
    
    
    2005
    
    
    2004Series 7
    
    $
    10,659
    
    
    $
    8,911
    
    
    $
    7,297Series 9
    
    
    22,482
    
    
    
    19,556
    
    
    
    32,813Series 10
    
    
    19,978
    
    
    
    16,204
    
    
    
    19,972Series 11
    
    
    19,069
    
    
    
    14,764
    
    
    
    33,146Series 12
    
    
    22,000
    
    
    
    17,615
    
    
    
    23,735Series 14
    
    
    45,305
    
    
    
    33,768
    
    
    
    45,875$
    139,493
    
    
    $
    110,818
    
    
    $
    162,838
 F-37




---



##### 



F-38




---



##### 



2006
    
    
    2005Series 7
    
    
    8
    
    
    
    10Series 9
    
    
    40
    
    
    
    41Series 10
    
    
    35
    
    
    
    42Series 11
    
    
    37
    
    
    
    40Series 12
    
    
    48
    
    
    
    51Series 14
    
    
    89
    
    
    
    93256
    
    
    
    277
 F-39




---



##### 



Operating
    
    
    Sale of
    
    
    PartnershipPartnership
    
    
    Underlying
    
    
    Proceeds from
    
    
    Gain/(Loss) onInterest Sold
    
    
    Property
    
    
    Disposition
    
    
    DispositionSeries 7
    
    
    1
    
    
    
    1
    
    
    $
    1,108,189
    
    
    $
    1,072,418Series 9
    
    
    
    
    
    
    1
    
    
    
    3,764
    
    
    
    3,764Series 10
    
    
    2
    
    
    
    5
    
    
    
    1,760,466
    
    
    
    1,037,658Series 11
    
    
    2
    
    
    
    1
    
    
    
    58,693
    
    
    
    58,693Series 12
    
    
    1
    
    
    
    2
    
    
    
    106,518
    
    
    
    106,518Series 14
    
    
    3
    
    
    
    1
    
    
    
    153,407
    
    
    
    137,507Total
    
    
    9
    
    
    
    11
    
    
    $
    3,191,037
    
    
    $
    2,416,558
  Operating
    
    
    Sale of
    
    
    PartnershipPartnership
    
    
    Underlying
    
    
    Proceeds from
    
    
    Gain/(Loss) onInterest Sold
    
    
    Property
    
    
    Disposition *
    
    
    DispositionSeries 7
    
    
    3
    
    
    
    1
    
    
    $
    343,953
    
    
    $
    343,953Series 9
    
    
    11
    
    
    
    1
    
    
    
    1,668,709
    
    
    
    1,540,806Series 10
    
    
    2
    
    
    
    
    
    
    
    124,531
    
    
    
    (61,815
    )Series 11
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Series 12
    
    
    1
    
    
    
    1
    
    
    
    720,863
    
    
    
    (2,133,567
    )Series 14
    
    
    3
    
    
    
    1
    
    
    
    1,077,937
    
    
    
    (345,417
    )Total
    
    
    20
    
    
    
    4
    
    
    $
    3,935,993
    
    
    $
    (656,040
    )
 
 *
    
    Partnership proceeds from disposition includes $275,660 for Series 9 recorded as
receivable at March 31, 2005 F-40




---



##### 



Operating
    
    
    Sale of
    
    
    PartnershipPartnership
    
    
    Underlying
    
    
    Proceeds from
    
    
    Gain/(Loss) onInterest Sold
    
    
    Property
    
    
    Disposition *
    
    
    DispositionSeries 7
    
    
    
    
    
    
    
    
    
    $
    
    
    
    $
    Series 9
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Series 10
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Series 11
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Series 12
    
    
    
    
    
    
    
    
    
    
    187,718
    
    
    
    187,718Series 14
    
    
    3
    
    
    
    1
    
    
    
    255,562
    
    
    
    27,197Total
    
    
    3
    
    
    
    1
    
    
    $
    443,280
    
    
    $
    214,915
  F-41




---



##### 



2006
    
    
    2005Series 7
    
    $
    
    
    
    $
    Series 9
    
    
    
    
    
    
    Series 10
    
    
    
    
    
    
    Series 11
    
    
    22,528
    
    
    
    22,528Series 12
    
    
    11,405
    
    
    
    11,405Series 14
    
    
    202,412
    
    
    
    202,412$
    236,345
    
    
    $
    236,345
 F-42




---



##### 



TotalCapital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters
    
    $
    98,795,094Acquisition costs of operating limited partnerships
    
    
    11,234,169Cumulative distributions from operating limited partnerships
    
    
    (840,638
    )Cumulative Impairment loss in investments in operating limited partnerships
    
    
    (8,428,055
    )Cumulative losses from operating limited partnerships
    
    
    (97,063,713
    )Investments in operating limited partnerships per balance sheets
    
    
    3,696,857The partnership (has recorded) has not recorded capital contributions to the operating limited
partnerships during the year ended March 31, 2006, which (have not) have been included in the
partnerships capital account included in the operating limited partnerships financial statements as
of December 31, 2005 (see note A).
    
    
    (191,814
    )The partnership has recorded acquisition costs at March 31, 2006, which have not been recorded in the
net assets of the operating limited partnerships (see note A).
    
    
    (1,645,686
    )Cumulative losses from operating limited partnerships for the three months ended March 31, 1999, which
the operating limited partnerships have not included in their capital as of December 31, 1998 due to
different year ends (see note A).
    
    
    4,403,349Equity in losses from operating limited partnerships not recognizable under the equity method of
accounting (see note A).
    
    
    (46,837,812
    )The partnership has recorded low-income housing tax credit adjusters not recorded by operating limited
partnerships (see note A).
    
    
    730,953Cumulative Impairment loss in investments in operating limited partnerships
    
    
    8,428,055Other
    
    
    (322,538
    )Equity per operating limited partnerships combined financial statements
    
    $
    (31,738,636
    )
 F-43




---



##### 



Series 7
    
    
    Series 9
    
    
    Series 10Capital
contributions paid
and to be paid to
operating limited
partnerships, net
of tax credit
adjusters
    
    $
    2,502,139
    
    
    $
    16,249,411
    
    
    $
    10,777,762Acquisition costs
of operating
limited
partnerships
    
    
    261,304
    
    
    
    1,924,037
    
    
    
    1,280,151Cumulative
distributions from
operating limited
partnerships
    
    
    (16,100
    )
    
    
    (29,896
    )
    
    
    (118,110
    )Cumulative
Impairment loss in
investments in
operating limited
partnerships
    
    
    (86,382
    )
    
    
    (555,257
    )
    
    
    (516,870
    )Cumulative losses
from operating
limited
partnerships
    
    
    (2,660,961
    )
    
    
    (17,588,295
    )
    
    
    (11,052,980
    )Investments in
operating limited
partnerships per
balance sheets
    
    
    
    
    
    
    
    
    
    
    369,953
 F-44




---



##### 



Series 7
    
    
    Series 9
    
    
    Series 10The partnership (has
recorded) has not
recorded capital
contributions to the
operating limited
partnerships during
the year ended March
31, 2006, which
(have not) have been
included in the
partnerships
capital account
included in the
operating limited
partnerships
financial statements
as of December 31,
2005 (see note A).
    
    
    
    
    
    
    
    
    
    
    The partnership has
recorded acquisition
costs at March 31,
2006, which have not
been recorded in the
net assets of the
operating limited
partnerships (see
note A).
    
    
    (30,620
    )
    
    
    (125,427
    )
    
    
    (19,446
    )Cumulative losses
from operating
limited partnerships
for the three months
ended March 31,
1999, which the
operating limited
partnerships have
not included in
their capital as of
December 31, 1998
due to different
year ends (see note
A).
    
    
    66,154
    
    
    
    596,953
    
    
    
    729,386Equity in losses
from operating
limited partnerships
not recognizable
under the equity
method of accounting
(see note A).
    
    
    (1,284,578
    )
    
    
    (11,059,438
    )
    
    
    (5,361,506
    )The partnership has
recorded low-income
housing tax credit
adjusters not
recorded by
operating limited
partnerships (see
note A).
    
    
    359
    
    
    
    49,377
    
    
    
    55,709Cumulative
Impairment loss in
investments in
operating limited
partnerships
    
    
    86,382
    
    
    
    555,257
    
    
    
    516,870Other
    
    
    (5,596
    )
    
    
    (62,626
    )
    
    
    (313,194
    )Equity per operating
limited
partnerships
combined financial
statements
    
    $
    (1,167,899
    )
    
    $
    (10,045,904
    )
    
    $
    (4,022,228
    )
 F-45




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14Capital
contributions paid
and to be paid to
operating limited
partnerships, net of
tax credit adjusters
    
    $
    18,124,157
    
    
    $
    17,193,212
    
    
    $
    33,948,413Acquisition costs of
operating limited
partnerships
    
    
    1,783,726
    
    
    
    1,938,576
    
    
    
    4,046,375Cumulative
distributions from
operating limited
partnerships
    
    
    (400,620
    )
    
    
    (83,394
    )
    
    
    (192,518
    )Cumulative
Impairment loss in
investments in
operating limited
partnerships
    
    
    (3,094,170
    )
    
    
    (1,314,915
    )
    
    
    (2,860,461
    )Cumulative losses
from operating
limited partnerships
    
    
    (14,356,863
    )
    
    
    (17,595,303
    )
    
    
    (33,809,311
    )Investments in
operating limited
partnerships per
balance sheets
    
    
    2,056,230
    
    
    
    138,176
    
    
    
    1,132,498
 F-46




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14The partnership (has
recorded) has not
recorded capital
contributions to the
operating limited
partnerships during
the year ended March
31, 2006, which
(have not) have been
included in the
partnerships
capital account
included in the
operating limited
partnerships
financial statements
as of December 31,
2005 (see note A).
    
    
    (10,000
    )
    
    
    (4,282
    )
    
    
    (177,532
    )The partnership has
recorded acquisition
costs at March 31,
2006, which have not
been recorded in the
net assets of the
operating limited
partnerships (see
note A).
    
    
    (460,434
    )
    
    
    (312,956
    )
    
    
    (696,803
    )Cumulative losses
from operating
limited partnerships
for the three months
ended March 31,
1999, which the
operating limited
partnerships have
not included in
their capital as of
December 31, 1998
due to different
year ends (see note
A).
    
    
    721,702
    
    
    
    613,706
    
    
    
    1,675,448Equity in losses
from operating
limited partnerships
not recognizable
under the equity
method of accounting
(see note A).
    
    
    (8,153,922
    )
    
    
    (8,060,233
    )
    
    
    (12,918,135
    )The partnership has
recorded low-income
housing tax credit
adjusters not
recorded by
operating limited
partnerships (see
note A).
    
    
    112,536
    
    
    
    192,211
    
    
    
    320,761Cumulative
Impairment loss in
investments in
operating limited
partnerships
    
    
    3,094,170
    
    
    
    1,314,915
    
    
    
    2,860,461Other
    
    
    (64,104
    )
    
    
    119,314
    
    
    
    3,668Equity per operating
limited
partnerships
combined financial
statements
    
    $
    (2,703,822
    )
    
    $
    (5,999,149
    )
    
    $
    (7,799,634
    )
 F-47




---



##### 



TotalCapital contributions paid and to be paid to operating limited
partnerships, net of tax credit adjusters
    
    $
    104,550,549Acquisition costs of operating limited partnerships
    
    
    17,421,442Cumulative distributions from operating limited partnerships
    
    
    (988,340
    )Cumulative Impairment loss in investments in operating limited partnerships
    
    
    (6,237,069
    )Cumulative losses from operating limited partnerships
    
    
    (107,780,009
    )Investments in operating limited partnerships per balance sheets
    
    
    6,966,573The partnership (has recorded) has not recorded capital contributions to
the operating limited partnerships during the year ended March 31, 2005,
which (have not) have been included in the partnerships capital account
included in the operating limited partnerships financial statements as of
December 31, 2004 (see note A).
    
    
    (191,814
    )The partnership has recorded acquisition costs at March 31, 2005, which
have not been recorded in the net assets of the operating limited
partnerships (see note A).
    
    
    (1,778,267
    )Cumulative losses from operating limited partnerships for the three months
ended March 31, 1999, which the operating limited partnerships have not
included in their capital as of December 31, 1998 due to different year
ends (see note A).
    
    
    4,403,349Equity in losses from operating limited partnerships not recognizable
under the equity method of accounting (see note A).
    
    
    (48,453,741
    )The partnership has recorded low-income housing tax credit adjusters not
recorded by operating limited partnerships (see note A).
    
    
    799,536Cumulative Impairment loss in investments in operating limited partnerships
    
    
    6,237,069Other
    
    
    201,392Equity per operating limited partnerships combined financial statements
    
    $
    (31,815,903
    )
 F-48




---



##### 



Series 7
    
    
    Series 9
    
    
    Series 10Capital contributions
paid and to be paid
to operating limited
partnerships, net of
tax credit adjusters
    
    $
    3,958,402
    
    
    $
    15,531,766
    
    
    $
    15,979,548Acquisition costs of
operating limited
partnerships
    
    
    598,024
    
    
    
    2,854,152
    
    
    
    2,662,991Cumulative
distributions from
operating limited
partnerships
    
    
    (16,102
    )
    
    
    (29,896
    )
    
    
    (267,904
    )Cumulative Impairment
loss in investments
in operating limited
partnerships
    
    
    (86,382
    )
    
    
    (555,257
    )
    
    
    (527,193
    )Cumulative losses
from operating
limited partnerships
    
    
    (4,423,671
    )
    
    
    (17,800,765
    )
    
    
    (16,461,905
    )Investments in
operating limited
partnerships per
balance sheets
    
    
    30,271
    
    
    
    
    
    
    
    1,385,537
 F-49




---



##### 



Series 7
    
    
    Series 9
    
    
    Series 10The partnership (has
recorded) has not
recorded capital
contributions to the
operating limited
partnerships during
the year ended March
31, 2005, which (have
not) have been
included in the
partnerships capital
account included in
the operating limited
partnerships
financial statements
as of December 31,
2004 (see note A).
    
    
    
    
    
    
    
    
    
    
    The partnership has
recorded acquisition
costs at March 31,
2005, which have not
been recorded in the
net assets of the
operating limited
partnerships (see
note A).
    
    
    (47,046
    )
    
    
    (125,427
    )
    
    
    (21,842
    )Cumulative losses
from operating
limited partnerships
for the three months
ended March 31, 1999,
which the operating
limited partnerships
have not included in
their capital as of
December 31, 1998 due
to different year
ends (see note A).
    
    
    66,154
    
    
    
    596,953
    
    
    
    729,386Equity in losses from
operating limited
partnerships not
recognizable under
the equity method of
accounting (see note
A).
    
    
    (3,409,463
    )
    
    
    (9,926,899
    )
    
    
    (6,783,572
    )The partnership has
recorded low-income
housing tax credit
adjusters not
recorded by operating
limited partnerships
(see note A).
    
    
    34,061
    
    
    
    51,433
    
    
    
    85,358Cumulative Impairment
loss in investments
in operating limited
partnerships
    
    
    86,382
    
    
    
    555,257
    
    
    
    527,193Other
    
    
    11,537
    
    
    
    (50,383
    )
    
    
    34,880Equity per operating
limited partnerships
combined financial
statements
    
    $
    (3,228,104
    )
    
    $
    (8,899,066
    )
    
    $
    (4,043,060
    )
 F-50




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14Capital
contributions paid
and to be paid to
operating limited
partnerships, net of
tax credit adjusters
    
    $
    17,673,223
    
    
    $
    17,546,307
    
    
    $
    33,861,303Acquisition costs of
operating limited
partnerships
    
    
    3,069,064
    
    
    
    2,708,915
    
    
    
    5,528,296Cumulative
distributions from
operating limited
partnerships
    
    
    (400,620
    )
    
    
    (83,394
    )
    
    
    (190,424
    )Cumulative
Impairment loss in
investments in
operating limited
partnerships
    
    
    (1,834,764
    )
    
    
    (841,429
    )
    
    
    (2,392,044
    )Cumulative losses
from operating
limited partnerships
    
    
    (15,752,506
    )
    
    
    (18,545,624
    )
    
    
    (34,795,538
    )Investments in
operating limited
partnerships per
balance sheets
    
    
    2,754,397
    
    
    
    784,775
    
    
    
    2,011,593
 F-51




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14The partnership (has
recorded) has not
recorded capital
contributions to the
operating limited
partnerships during
the year ended March
31, 2005, which
(have not) have been
included in the
partnerships
capital account
included in the
operating limited
partnerships
financial statements
as of December 31,
2004 (see note A).
    
    
    (10,000
    )
    
    
    (4,282
    )
    
    
    (177,532
    )The partnership has
recorded acquisition
costs at March 31,
2005, which have not
been recorded in the
net assets of the
operating limited
partnerships (see
note A).
    
    
    (460,597
    )
    
    
    (312,956
    )
    
    
    (810,399
    )Cumulative losses
from operating
limited partnerships
for the three months
ended March 31,
1999, which the
operating limited
partnerships have
not included in
their capital as of
December 31, 1998
due to different
year ends (see note
A).
    
    
    721,702
    
    
    
    613,706
    
    
    
    1,675,448Equity in losses
from operating
limited partnerships
not recognizable
under the equity
method of accounting
(see note A).
    
    
    (8,742,587
    )
    
    
    (7,558,550
    )
    
    
    (12,032,670
    )The partnership has
recorded low-income
housing tax credit
adjusters not
recorded by
operating limited
partnerships (see
note A).
    
    
    112,536
    
    
    
    192,211
    
    
    
    323,937Cumulative
Impairment loss in
investments in
operating limited
partnerships
    
    
    1,834,764
    
    
    
    841,429
    
    
    
    2,392,044Other
    
    
    (69,436
    )
    
    
    173,456
    
    
    
    101,338Equity per operating
limited
partnerships
combined financial
statements
    
    $
    (3,859,221
    )
    
    $
    (5,270,211
    )
    
    $
    (6,516,241
    )
 F-52




---



##### 



Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10ASSETSBuildings and improvements, net
of accumulated depreciation
    
    $
    245,548,612
    
    
    $
    7,583,266
    
    
    $
    43,019,390
    
    
    $
    27,466,933Land
    
    
    22,656,120
    
    
    
    1,000,229
    
    
    
    3,977,064
    
    
    
    2,589,234Other assets
    
    
    38,773,886
    
    
    
    1,456,408
    
    
    
    5,366,573
    
    
    
    4,563,251$
    306,978,618
    
    
    $
    10,039,903
    
    
    $
    52,363,027
    
    
    $
    34,619,418LIABILITIES AND PARTNERS
CAPITAL (DEFICIT)Mortgages and construction
loans payable
    
    $
    307,233,702
    
    
    $
    11,178,587
    
    
    $
    55,821,405
    
    
    $
    36,645,575Accounts payable and accrued
expenses
    
    
    9,288,197
    
    
    
    189,887
    
    
    
    3,563,179
    
    
    
    451,682Other liabilities
    
    
    20,600,083
    
    
    
    247,260
    
    
    
    4,699,853
    
    
    
    1,122,034337,121,982
    
    
    
    11,615,734
    
    
    
    64,084,437
    
    
    
    38,219,291PARTNERS CAPITAL
(DEFICIT)Boston Capital Tax Credit
Fund II Limited Partnership
    
    
    (31,738,636
    )
    
    
    (1,167,899
    )
    
    
    (10,045,904
    )
    
    
    (4,022,228
    )Other partners
    
    
    1,595,272
    
    
    
    (407,932
    )
    
    
    (1,675,506
    )
    
    
    422,355(30,143,364
    )
    
    
    (1,575,831
    )
    
    
    (11,721,410
    )
    
    
    (3,599,873
    )$
    306,978,618
    
    
    $
    10,039,903
    
    
    $
    52,363,027
    
    
    $
    34,619,418
 F-53




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14ASSETSBuildings and improvements, net of
accumulated depreciation
    
    $
    38,396,911
    
    
    $
    41,251,298
    
    
    $
    87,830,814Land
    
    
    3,098,516
    
    
    
    3,886,340
    
    
    
    8,104,737Other assets
    
    
    8,808,105
    
    
    
    5,709,001
    
    
    
    12,870,548$
    50,303,532
    
    
    $
    50,846,639
    
    
    $
    108,806,099LIABILITIES AND PARTNERS CAPITALMortgages and construction loans payable
    
    $
    46,330,496
    
    
    $
    51,949,292
    
    
    $
    105,308,347Accounts payable and accrued expenses
    
    
    2,308,795
    
    
    
    975,091
    
    
    
    1,799,563Other liabilities
    
    
    3,306,687
    
    
    
    4,094,944
    
    
    
    7,129,30551,945,978
    
    
    
    57,019,327
    
    
    
    114,237,215PARTNERS CAPITALBoston Capital Tax Credit Fund II
Limited Partnership
    
    
    (2,703,822
    )
    
    
    (5,999,149
    )
    
    
    (7,799,634
    )Other partners
    
    
    1,061,376
    
    
    
    (173,539
    )
    
    
    2,368,518(1,642,446
    )
    
    
    (6,172,688
    )
    
    
    (5,431,116
    )$
    50,303,532
    
    
    $
    50,846,639
    
    
    $
    108,806,099
 F-54




---



##### 



Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10ASSETSBuildings and improvements,
net of accumulated
depreciation
    
    $
    279,291,616
    
    
    $
    10,342,427
    
    
    $
    45,711,951
    
    
    $
    39,061,014Land
    
    
    24,888,452
    
    
    
    1,258,029
    
    
    
    4,009,064
    
    
    
    3,604,111Other assets
    
    
    39,242,684
    
    
    
    1,824,162
    
    
    
    5,243,817
    
    
    
    5,504,471$
    343,422,752
    
    
    $
    13,424,618
    
    
    $
    54,964,832
    
    
    $
    48,169,596LIABILITIES AND PARTNERS
CAPITAL (DEFICIT)Mortgages and construction
loans payable
    
    $
    338,839,715
    
    
    $
    14,706,290
    
    
    $
    56,982,426
    
    
    $
    49,078,226Accounts payable and accrued
expenses
    
    
    10,933,842
    
    
    
    1,693,284
    
    
    
    3,288,603
    
    
    
    963,235Other liabilities
    
    
    20,836,411
    
    
    
    544,085
    
    
    
    4,707,354
    
    
    
    1,463,107370,609,968
    
    
    
    16,943,659
    
    
    
    64,978,383
    
    
    
    51,504,568PARTNERS CAPITAL (DEFICIT)Boston Capital Tax Credit
Fund II Limited Partnership
    
    
    (31,815,903
    )
    
    
    (3,228,104
    )
    
    
    (8,899,066
    )
    
    
    (4,043,060
    )Other partners
    
    
    4,628,687
    
    
    
    (290,937
    )
    
    
    (1,114,485
    )
    
    
    708,088(27,187,216
    )
    
    
    (3,519,041
    )
    
    
    (10,013,551
    )
    
    
    (3,334,972
    )$
    343,422,752
    
    
    $
    13,424,618
    
    
    $
    54,964,832
    
    
    $
    48,169,596
 F-55




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14ASSETSBuildings and improvements, net of
accumulated depreciation
    
    $
    42,048,557
    
    
    $
    46,317,324
    
    
    $
    95,810,343Land
    
    
    3,236,017
    
    
    
    4,154,090
    
    
    
    8,627,141Other assets
    
    
    6,996,703
    
    
    
    6,350,280
    
    
    
    13,323,251$
    52,281,277
    
    
    $
    56,821,694
    
    
    $
    117,760,735LIABILITIES AND PARTNERS CAPITAL
(DEFICIT)Mortgages and construction loans payable
    
    $
    49,451,062
    
    
    $
    56,667,461
    
    
    $
    111,954,250Accounts payable and accrued expenses
    
    
    2,047,558
    
    
    
    1,317,062
    
    
    
    1,624,100Other liabilities
    
    
    3,485,932
    
    
    
    3,977,490
    
    
    
    6,658,44354,984,552
    
    
    
    61,962,013
    
    
    
    120,236,793PARTNERS CAPITAL (DEFICIT)Boston Capital Tax Credit Fund II
Limited Partnership
    
    
    (3,859,221
    )
    
    
    (5,270,211
    )
    
    
    (6,516,241
    )Other partners
    
    
    1,155,946
    
    
    
    129,892
    
    
    
    4,040,183(2,703,275
    )
    
    
    (5,140,319
    )
    
    
    (2,476,058
    )$
    52,281,277
    
    
    $
    56,821,694
    
    
    $
    117,760,735
 F-56




---



##### 



Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10RevenueRental
    
    $
    51,843,928
    
    
    $
    2,104,833
    
    
    $
    8,784,729
    
    
    $
    6,055,232Interest and other
    
    
    4,114,939
    
    
    
    90,612
    
    
    
    286,418
    
    
    
    199,10055,958,867
    
    
    
    2,195,445
    
    
    
    9,071,147
    
    
    
    6,254,332ExpensesInterest
    
    
    12,098,238
    
    
    
    677,669
    
    
    
    2,131,277
    
    
    
    1,315,569Depreciation and amortization
    
    
    15,322,039
    
    
    
    651,378
    
    
    
    2,682,981
    
    
    
    1,816,161Taxes and insurance
    
    
    7,849,990
    
    
    
    354,386
    
    
    
    1,474,788
    
    
    
    889,902Repairs and maintenance
    
    
    10,613,586
    
    
    
    401,822
    
    
    
    1,809,174
    
    
    
    1,288,201Operating expenses
    
    
    17,083,476
    
    
    
    788,986
    
    
    
    2,793,628
    
    
    
    1,825,880Other expenses
    
    
    1,771,070
    
    
    
    22,476
    
    
    
    129,570
    
    
    
    85,26764,738,399
    
    
    
    2,896,717
    
    
    
    11,021,418
    
    
    
    7,220,980NET LOSS
    
    $
    (8,779,532
    )
    
    $
    (701,272
    )
    
    $
    (1,950,271
    )
    
    $
    (966,648
    )Net loss allocated to Boston
Capital Tax Credit Fund II  Limited Partnership*
    
    $
    (7,087,029
    )
    
    $
    (253,665
    )
    
    $
    (1,455,754
    )
    
    $
    (812,736
    )Net loss allocated to other
partners
    
    $
    (1,692,503
    )
    
    $
    (447,607
    )
    
    $
    (494,517
    )
    
    $
    (153,912
    )
 
 *
    
    Amounts include $253,665, $1,455,754, $680,847, $1,180,590, $1,256,111 and $2,165,170 for
Series 7, Series 9, Series 10, Series 11, Series 12 and Series 14, respectively, of loss not
recognized under the equity method of accounting as described in note A. F-57




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14RevenueRental
    
    $
    8,289,477
    
    
    $
    8,874,149
    
    
    $
    17,735,508Interest and other
    
    
    2,531,392
    
    
    
    470,390
    
    
    
    537,02710,820,869
    
    
    
    9,344,539
    
    
    
    18,272,535ExpensesInterest
    
    
    1,880,877
    
    
    
    2,058,885
    
    
    
    4,033,961Depreciation and amortization
    
    
    2,589,975
    
    
    
    2,653,054
    
    
    
    4,928,490Taxes and insurance
    
    
    1,273,256
    
    
    
    1,363,185
    
    
    
    2,494,473Repairs and maintenance
    
    
    1,605,403
    
    
    
    1,850,622
    
    
    
    3,658,364Operating expenses
    
    
    2,637,116
    
    
    
    2,904,855
    
    
    
    6,133,011Other expenses
    
    
    471,142
    
    
    
    274,826
    
    
    
    787,78910,457,769
    
    
    
    11,105,427
    
    
    
    22,036,088NET LOSS
    
    $
    363,100
    
    
    $
    (1,760,888
    )
    
    $
    (3,763,553
    )Net loss allocated to Boston
Capital Tax Credit Fund II Limited Partnership*
    
    $
    (619,351
    )
    
    $
    (1,429,224
    )
    
    $
    (2,516,299
    )Net loss allocated to other partners
    
    $
    982,451
    
    
    $
    (331,664
    )
    
    $
    (1,247,254
    )
 
 *
    
    Amounts include $253,665, $1,455,754, $680,847, $1,180,590, $1,256,111
and $2,165,170 for Series 7, Series 9, Series 10, Series 11, Series 12 and Series
14, respectively, of loss not recognized under the equity method of accounting as described in note A. F-58




---



##### 



Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10RevenueRental
    
    $
    54,819,129
    
    
    $
    2,478,271
    
    
    $
    8,707,566
    
    
    $
    8,013,539Interest and other
    
    
    2,083,279
    
    
    
    84,917
    
    
    
    273,605
    
    
    
    213,76356,902,408
    
    
    
    2,563,188
    
    
    
    8,981,171
    
    
    
    8,227,302ExpensesInterest
    
    
    13,299,374
    
    
    
    772,877
    
    
    
    2,259,775
    
    
    
    1,917,100Depreciation and amortization
    
    
    16,684,728
    
    
    
    761,678
    
    
    
    2,766,775
    
    
    
    2,424,052Taxes and insurance
    
    
    8,488,798
    
    
    
    356,042
    
    
    
    1,478,432
    
    
    
    1,215,228Repairs and maintenance
    
    
    10,773,165
    
    
    
    443,169
    
    
    
    1,706,438
    
    
    
    1,671,723Operating expenses
    
    
    17,671,607
    
    
    
    717,941
    
    
    
    2,829,863
    
    
    
    2,586,522Other expenses
    
    
    2,417,365
    
    
    
    34,459
    
    
    
    127,075
    
    
    
    37,86269,335,037
    
    
    
    3,086,166
    
    
    
    11,168,358
    
    
    
    9,852,487NET LOSS
    
    $
    (12,432,629
    )
    
    $
    (522,978
    )
    
    $
    (2,187,187
    )
    
    $
    (1,625,185
    )Net loss allocated to
Boston Capital Tax Credit Fund II Limited Partnership*
    
    $
    (9,946,732
    )
    
    $
    (311,469
    )
    
    $
    (1,656,702
    )
    
    $
    (1,324,670
    )Net loss allocated to other partners
    
    $
    (2,485,897
    )
    
    $
    (211,509
    )
    
    $
    (530,485
    )
    
    $
    (300,515
    )
 
 *
    
    Amounts include $292,537, $1,401,957, $901,116, $1,762,715, $1,136,202
and $2,004,879 for Series 7, Series 9, Series 10, Series 11, Series 12
and Series 14, respectively, of loss not recognized under the equity
method of accounting as described in note A. F-59




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14RevenueRental
    
    $
    8,291,830
    
    
    $
    9,296,690
    
    
    $
    18,031,233Interest and other
    
    
    546,448
    
    
    
    359,700
    
    
    
    604,8468,838,278
    
    
    
    9,656,390
    
    
    
    18,636,079ExpensesInterest
    
    
    1,987,650
    
    
    
    2,174,953
    
    
    
    4,187,019Depreciation and amortization
    
    
    2,736,035
    
    
    
    2,821,757
    
    
    
    5,174,431Taxes and insurance
    
    
    1,339,696
    
    
    
    1,470,468
    
    
    
    2,628,932Repairs and maintenance
    
    
    1,613,610
    
    
    
    1,794,973
    
    
    
    3,543,252Operating expenses
    
    
    2,857,368
    
    
    
    3,185,293
    
    
    
    5,494,620Other expenses
    
    
    1,028,317
    
    
    
    362,345
    
    
    
    827,30711,562,676
    
    
    
    11,809,789
    
    
    
    21,855,561NET LOSS
    
    $
    (2,724,398
    )
    
    $
    (2,153,399
    )
    
    $
    (3,219,482
    )Net loss
allocated to Boston Capital Tax Credit Fund
II Limited Partnership*
    
    $
    (2,151,068
    )
    
    $
    (1,746,423
    )
    
    $
    (2,756,400
    )Net loss allocated to other partners
    
    $
    (573,330
    )
    
    $
    (406,976
    )
    
    $
    (463,082
    )
 
 *
    
    Amounts include $292,537, $1,401,957, $901,116, $1,762,715, $1,136,202
and $2,004,879 for Series 7, Series 9, Series 10, Series 11, Series 12
and Series 14, respectively, of loss not recognized under the equity
method of accounting as described in note A. F-60




---



##### 



Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10RevenueRental
    
    $
    65,106,640
    
    
    $
    3,834,495
    
    
    $
    12,180,753
    
    
    $
    8,004,123Interest and other
    
    
    2,351,293
    
    
    
    85,932
    
    
    
    382,953
    
    
    
    367,67567,457,933
    
    
    
    3,920,427
    
    
    
    12,563,706
    
    
    
    8,371,798ExpensesInterest
    
    
    16,810,368
    
    
    
    1,202,393
    
    
    
    3,218,731
    
    
    
    1,875,486Depreciation and amortization
    
    
    20,099,512
    
    
    
    1,047,370
    
    
    
    4,036,505
    
    
    
    2,495,749Taxes and insurance
    
    
    10,039,800
    
    
    
    561,975
    
    
    
    2,044,443
    
    
    
    1,326,428Repairs and maintenance
    
    
    13,022,510
    
    
    
    701,218
    
    
    
    2,766,058
    
    
    
    1,702,487Operating expenses
    
    
    19,852,642
    
    
    
    1,118,384
    
    
    
    3,706,235
    
    
    
    2,539,457Other expenses
    
    
    2,746,455
    
    
    
    67,967
    
    
    
    149,348
    
    
    
    70,32882,571,287
    
    
    
    4,699,307
    
    
    
    15,921,320
    
    
    
    10,009,935NET LOSS
    
    $
    (15,113,354
    )
    
    $
    (778,880
    )
    
    $
    (3,357,614
    )
    
    $
    (1,638,137
    )Net loss allocated to Boston Capital Tax Credit
Fund II Limited Partnership*
    
    $
    (12,683,698
    )
    
    $
    (480,192
    )
    
    $
    (2,737,271
    )
    
    $
    (1,563,002
    )Net income (loss) allocated to
other partners
    
    $
    (2,429,656
    )
    
    $
    (298,688
    )
    
    $
    (620,343
    )
    
    $
    (75,135
    )
 
 *
    
    Amounts include $278,006, $2,135,706, $1,021,764, $1,101,853,
$1,304,995 and $2,197,888 for Series 7, Series 9, Series 10, Series
11, Series 12 and Series 14, respectively, of loss not recognized
under the equity method of accounting as described in note A. F-61




---



##### 



Series 11
    
    
    Series 12
    
    
    Series 14RevenueRental
    
    $
    8,028,853
    
    
    $
    11,616,951
    
    
    $
    21,441,465Interest and other
    
    
    297,100
    
    
    
    558,279
    
    
    
    659,3548,325,953
    
    
    
    12,175,230
    
    
    
    22,100,819ExpensesInterest
    
    
    1,992,307
    
    
    
    2,825,324
    
    
    
    5,696,127Depreciation and amortization
    
    
    2,789,033
    
    
    
    3,468,570
    
    
    
    6,262,285Taxes and insurance
    
    
    1,249,122
    
    
    
    1,762,022
    
    
    
    3,095,810Repairs and maintenance
    
    
    1,563,243
    
    
    
    2,357,657
    
    
    
    3,931,847Operating expenses
    
    
    2,539,988
    
    
    
    3,381,481
    
    
    
    6,567,097Other expenses
    
    
    664,654
    
    
    
    722,735
    
    
    
    1,071,42310,798,347
    
    
    
    14,517,789
    
    
    
    26,624,589NET LOSS
    
    $
    (2,472,394
    )
    
    $
    (2,342,559
    )
    
    $
    (4,523,770
    )Net loss
allocated to Boston Capital Tax Credit Fund II Limited
Partnership*
    
    $
    (2,317,080
    )
    
    $
    (1,950,541
    )
    
    $
    (3,635,612
    )Net income (loss) allocated to other partners
    
    $
    (155,314
    )
    
    $
    (392,018
    )
    
    $
    (888,158
    )
 
 *
    
    Amounts include $278,006, $2,135,706, $1,021,764, $1,101,853,
$1,304,995 and $2,197,888 for Series 7, Series 9, Series 10, Series
11, Series 12 and Series 14, respectively, of loss not recognized
under the equity method of accounting as described in note A. F-62




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN (Continued)
  Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10Net loss for
financial reporting
purposes, March 31,
2006
    
    $
    (2,205,558
    )
    
    $
    1,021,377
    
    
    $
    (289,855
    )
    
    $
    542,148Operating limited
partnership rents
received in advance
    
    
    (7,188
    )
    
    
    
    
    
    
    3,875
    
    
    
    Accrued partnership
management fees not
recognized for tax
purposes
    
    
    (908,798
    )
    
    
    (139,493
    )
    
    
    (226,440
    )
    
    
    (802,169
    )Other
    
    
    1,870,538
    
    
    
    (1,781,731
    )
    
    
    4,273,868
    
    
    
    1,250,658Operating limited
partnership loss not
allowed for
financial reporting
under equity method
of accounting
    
    
    (6,992,137
    )
    
    
    (253,665
    )
    
    
    (1,455,754
    )
    
    
    (680,847
    )Impairment loss in
investment in
operating limited
partnership
    
    
    2,402,030
    
    
    
    
    
    
    
    
    
    
    
    160,877Excess of tax
depreciation over
book depreciation
on operating
limited partnership
assets
    
    
    (1,804,542
    )
    
    
    (22,521
    )
    
    
    (370,521
    )
    
    
    (177,685
    )Difference due to
fiscal year for
book purposes and
calendar year for
tax purposes
    
    
    (2,590,188
    )
    
    
    (1,230,526
    )
    
    
    (501,070
    )
    
    
    (591,169
    )Loss for tax return
purposes, December
31, 2005
    
    $
    (10,235,843
    )
    
    $
    (2,406,559
    )
    
    $
    1,434,103
    
    
    $
    (298,187
    )
 F-63




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME
TAX RETURN (Continued)
  Series 11
    
    
    Series 12
    
    
    Series 14Net loss for financial reporting purposes,
March 31, 2006
    
    $
    (1,040,955
    )
    
    $
    (1,020,456
    )
    
    $
    (1,417,817
    )Operating limited partnership rents received
in advance
    
    
    (4,363
    )
    
    
    1,375
    
    
    
    (8,075
    )Accrued partnership management fees not
recognized for tax purposes
    
    
    249,892
    
    
    
    235,916
    
    
    
    (226,504
    )Other
    
    
    (543,046
    )
    
    
    (1,089,347
    )
    
    
    (239,864
    )Operating limited partnership loss not allowed
for financial reporting under equity method of
accounting
    
    
    (1,180,590
    )
    
    
    (1,256,111
    )
    
    
    (2,165,170
    )Impairment loss in investment in operating
limited partnership
    
    
    1,259,406
    
    
    
    473,486
    
    
    
    508,261Excess of tax depreciation over book
depreciation on operating limited partnership
assets
    
    
    (212,804
    )
    
    
    (329,727
    )
    
    
    (691,284
    )Difference due to fiscal year for book
purposes and calendar year for tax purposes
    
    
    (123,067
    )
    
    
    82,576
    
    
    
    (226,932
    )Loss for tax return purposes, December 31, 2005
    
    $
    (1,595,527
    )
    
    $
    (2,902,288
    )
    
    $
    (4,467,385
    )
 F-64




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10Net loss for
financial reporting
purposes, March 31,
2005
    
    $
    (8,585,285
    )
    
    $
    270,304
    
    
    $
    858,692
    
    
    $
    (1,037,311
    )Operating limited
partnership rents
received in advance
    
    
    (15,909
    )
    
    
    
    
    
    
    (13,610
    )
    
    
    (4,690
    )Accrued partnership
management fees not
recognized for tax
purposes
    
    
    1,287,716
    
    
    
    (71,529
    )
    
    
    (129,598
    )
    
    
    322,926Other
    
    
    411,842
    
    
    
    (81,373
    )
    
    
    (12,649
    )
    
    
    (16,916
    )Operating limited
partnership loss
not allowed for
financial reporting
under equity method
of accounting
    
    
    (7,605,989
    )
    
    
    (292,536
    )
    
    
    (1,508,541
    )
    
    
    (901,116
    )Impairment loss in
investment in
operating limited
partnership
    
    
    3,069,541
    
    
    
    
    
    
    
    
    
    
    
    280,766Excess of tax
depreciation over
book depreciation
on operating
limited partnership
assets
    
    
    (1,783,080
    )
    
    
    (28,589
    )
    
    
    (362,258
    )
    
    
    (196,035
    )Difference due to
fiscal year for
book purposes and
calendar year for
tax purposes
    
    
    256,456
    
    
    
    (35,585
    )
    
    
    (1,924,983
    )
    
    
    89,558Loss for tax return
purposes, December
31, 2004
    
    $
    (12,964,708
    )
    
    $
    (239,308
    )
    
    $
    (3,092,947
    )
    
    $
    (1,462,818
    )
 F-65




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Series 11
    
    
    Series 12
    
    
    Series 14Net loss for financial reporting purposes,
March 31, 2005
    
    $
    (1,335,886
    )
    
    $
    (3,633,704
    )
    
    $
    (3,707,380
    )Operating limited partnership rents received
in advance
    
    
    (2,676
    )
    
    
    (6,318
    )
    
    
    11,385Accrued partnership management fees not
recognized for tax purposes
    
    
    325,680
    
    
    
    360,440
    
    
    
    479,797Other
    
    
    644,500
    
    
    
    (300,101
    )
    
    
    178,381Operating limited partnership loss not allowed
for financial reporting under equity method of
accounting
    
    
    (1,762,715
    )
    
    
    (1,136,202
    )
    
    
    (2,004,879
    )Impairment loss in investment in operating
limited partnership
    
    
    473,600
    
    
    
    570,893
    
    
    
    1,744,282Excess of tax depreciation over book
depreciation on operating limited partnership
assets
    
    
    (272,878
    )
    
    
    (249,926
    )
    
    
    (673,394
    )Difference due to fiscal year for book
purposes and calendar year for tax purposes
    
    
    125,979
    
    
    
    1,986,454
    
    
    
    15,033Loss for tax return purposes, December 31, 2004
    
    $
    (1,804,396
    )
    
    $
    (2,408,464
    )
    
    $
    (3,956,775
    )
 F-66




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10Net loss for
financial reporting
purposes, March 31,
2004
    
    $
    (9,202,407
    )
    
    $
    (321,473
    )
    
    $
    (1,663,701
    )
    
    $
    (1,101,747
    )Operating limited
partnership rents
received in advance
    
    
    (19,342
    )
    
    
    
    
    
    
    (8,199
    )
    
    
    3,068Accrued partnership
management fees
not recognized for
tax purposes
    
    
    2,294,577
    
    
    
    104,772
    
    
    
    518,316
    
    
    
    329,484Other
    
    
    1,424,361
    
    
    
    156,379
    
    
    
    (130,726
    )
    
    
    (50,123
    )Operating limited
partnership loss
not allowed for
financial
reporting under
equity method of
accounting
    
    
    (8,479,901
    )
    
    
    (408,182
    )
    
    
    (2,204,510
    )
    
    
    (1,058,592
    )Impairment loss in
investment in
operating limited
partnership
    
    
    2,170,579
    
    
    
    
    
    
    
    706,730
    
    
    
    246,427Excess of tax
depreciation over
book depreciation
on operating
limited partnership
assets
    
    
    (2,141,103
    )
    
    
    (225,968
    )
    
    
    (262,670
    )
    
    
    (189,255
    )Difference due to
fiscal year for
book purposes and
calendar year for
tax purposes
    
    
    (183,228
    )
    
    
    82,802
    
    
    
    (568,752
    )
    
    
    32,768Loss for tax return
purposes, December
31, 2003
    
    $
    (14,136,464
    )
    
    $
    (611,670
    )
    
    $
    (3,613,512
    )
    
    $
    (1,787,970
    )
 F-67




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Series 11
    
    
    Series 12
    
    
    Series 14Net loss for financial reporting purposes,
March 31, 2004
    
    $
    (2,106,587
    )
    
    $
    (1,189,549
    )
    
    $
    (2,819,350
    )Operating limited partnership rents received
in advance
    
    
    (5,322
    )
    
    
    (5,380
    )
    
    
    (3,509
    )Accrued partnership management fees not
recognized for tax purposes
    
    
    325,680
    
    
    
    383,268
    
    
    
    633,057Other
    
    
    176,632
    
    
    
    46,066
    
    
    
    1,226,133Operating limited partnership loss not allowed
for financial reporting under equity method of
accounting
    
    
    (1,172,012
    )
    
    
    (1,396,144
    )
    
    
    (2,240,461
    )Impairment loss in investment in operating
limited partnership
    
    
    542,101
    
    
    
    141,919
    
    
    
    533,402Excess of tax depreciation over book
depreciation on operating limited partnership
assets
    
    
    (232,018
    )
    
    
    (468,469
    )
    
    
    (762,723
    )Difference due to fiscal year for book
purposes and calendar year for tax purposes
    
    
    63,593
    
    
    
    100,858
    
    
    
    105,503Loss for tax return purposes, December 31, 2003
    
    $
    (2,407,933
    )
    
    $
    (2,387,431
    )
    
    $
    (3,327,948
    )
 F-68




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10Investments in
operating limited
partnerships  tax
return December 31,
2005
    
    $
    (56,513,236
    )
    
    $
    (3,649,753
    )
    
    $
    (13,731,600
    )
    
    $
    (6,866,640
    )Add back losses not
recognized under
the equity method
    
    
    46,837,812
    
    
    
    1,284,578
    
    
    
    11,059,438
    
    
    
    5,361,506Historic tax credits
    
    
    2,211,207
    
    
    
    
    
    
    
    
    
    
    
    Impairment loss in
investments in
operating limited
partnerships
    
    
    (8,428,055
    )
    
    
    (86,382
    )
    
    
    (555,257
    )
    
    
    (516,870
    )Less share of loss
 three months
ended March 31,
2006
    
    
    (4,403,349
    )
    
    
    (66,154
    )
    
    
    (596,953
    )
    
    
    (729,386
    )Impairment loss not
recognized for tax
purposes
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other
    
    
    23,992,478
    
    
    
    2,517,711
    
    
    
    3,824,372
    
    
    
    3,121,343Investments in
operating limited
partnerships  as
reported, March 31,
2006
    
    $
    3,696,857
    
    
    $
    
    
    
    $
    
    
    
    $
    369,953
 F-69




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Series 11
    
    
    Series 12
    
    
    Series 14Investments in operating limited partnerships
 tax return December 31, 2005
    
    $
    (6,596,295
    )
    
    $
    (10,201,183
    )
    
    $
    (15,467,765
    )Add back losses not recognized under the
equity method
    
    
    8,153,922
    
    
    
    8,060,233
    
    
    
    12,918,135Historic tax credits
    
    
    1,281,688
    
    
    
    
    
    
    
    929,519Impairment loss in investments in operating
limited partnerships
    
    
    (3,094,170
    )
    
    
    (1,314,915
    )
    
    
    (2,860,461
    )Less share of loss  three months ended March
31, 2006
    
    
    (721,702
    )
    
    
    (613,706
    )
    
    
    (1,675,448
    )Impairment loss not recognized for tax purposes
    
    
    
    
    
    
    
    
    
    
    Other
    
    
    3,032,787
    
    
    
    4,207,747
    
    
    
    7,288,518Investments in operating limited partnerships
 as reported, March 31, 2006
    
    $
    2,056,230
    
    
    $
    138,176
    
    
    $
    1,132,498
 F-70




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Total
    
    
    Series 7
    
    
    Series 9
    
    
    Series 10Investments in
operating limited
partnerships  tax
return December 31,
2004
    
    $
    (43,891,246
    )
    
    $
    (933,582
    )
    
    $
    (14,553,159
    )
    
    $
    (5,922,769
    )Add back losses not
recognized under
the equity method
    
    
    48,453,741
    
    
    
    3,409,463
    
    
    
    9,926,899
    
    
    
    6,783,572Historic tax credits
    
    
    5,105,527
    
    
    
    1,819,802
    
    
    
    240,250
    
    
    
    Impairment loss in
investments in
operating limited
partnerships
    
    
    (6,237,069
    )
    
    
    (86,382
    )
    
    
    (555,257
    )
    
    
    (527,193
    )Less share of loss
 three months
ended March 31,
2005
    
    
    (4,403,349
    )
    
    
    (66,154
    )
    
    
    (596,953
    )
    
    
    (729,386
    )Impairment loss not
recognized for tax
purposes
    
    
    (6,953,234
    )
    
    
    (2,873,020
    )
    
    
    (1,031,360
    )
    
    
    Other
    
    
    14,892,203
    
    
    
    (1,239,856
    )
    
    
    6,569,580
    
    
    
    1,781,313Investments in
operating limited
partnerships  as
reported, March 31,
2005
    
    $
    6,966,573
    
    
    $
    30,271
    
    
    $
    
    
    
    $
    1,385,537
 F-71




---



##### 



NOTE D 
    
    RECONCILIATION OF FINANCIAL STATEMENT NET LOSS TO INCOME TAX RETURN
(Continued)
  Series 11
    
    
    Series 12
    
    
    Series 14Investments in operating limited partnerships
 tax return December 31, 2004
    
    $
    (5,051,736
    )
    
    $
    (6,610,269
    )
    
    $
    (10,819,731
    )Add back losses not recognized under the
equity method
    
    
    8,742,587
    
    
    
    7,558,550
    
    
    
    12,032,670Historic tax credits
    
    
    1,281,688
    
    
    
    
    
    
    
    1,763,787Impairment loss in investments in operating
limited partnerships
    
    
    (1,834,764
    )
    
    
    (841,429
    )
    
    
    (2,392,044
    )Less share of loss  three months ended March
31, 2005
    
    
    (721,702
    )
    
    
    (613,706
    )
    
    
    (1,675,448
    )Impairment loss not recognized for tax purposes
    
    
    
    
    
    
    
    
    
    
    (3,048,854
    )Other
    
    
    338,324
    
    
    
    1,291,629
    
    
    
    6,151,213Investments in operating limited partnerships
 as reported, March 31, 2005
    
    $
    2,754,397
    
    
    $
    784,775
    
    
    $
    2,011,593
 F-72




---



##### 



F-73




---



##### 



First
    
    Second
    
    Third
    
    FourthQuarter
    
    Quarter
    
    Quarter
    
    Quarter2006Total revenue
    
    $
    11,805
    
    
    $
    23,394
    
    
    $
    6,810
    
    
    $
    6,054Loss from operations
    
    
    (583,839
    )
    
    
    (724,310
    )
    
    
    (608,938
    )
    
    
    (2,746,072
    )Share of Income (losses) from
Operating Limited Partnerships
    
    
    127,604
    
    
    
    612,334
    
    
    
    (276,469
    )
    
    
    1,994,132Net loss
    
    
    (456,235
    )
    
    
    (111,976
    )
    
    
    (885,407
    )
    
    
    (751,940
    )Net loss per BAC
    
    
    (0.02
    )
    
    
    (0.01
    )
    
    
    (0.05
    )
    
    
    (0.04
    )2005Total revenue
    
    $
    4,678
    
    
    $
    5,355
    
    
    $
    14,030
    
    
    $
    46,299Loss from operations
    
    
    (604,367
    )
    
    
    (737,220
    )
    
    
    (537,594
    )
    
    
    (3,475,965
    )Share of Income (losses) from
Operating Limited Partnerships
    
    
    (794,402
    )
    
    
    (916,478
    )
    
    
    (695,367
    )
    
    
    (823,892
    )Net loss
    
    
    (1,398,769
    )
    
    
    (1,653,698
    )
    
    
    (1,232,961
    )
    
    
    (4,299,857
    )Net loss per BAC
    
    
    (0.07
    )
    
    
    (0.09
    )
    
    
    (0.07
    )
    
    
    (0.23
    )2004Total revenue
    
    $
    8,931
    
    
    $
    34,089
    
    
    $
    10,703
    
    
    $
    11,986Loss from operations
    
    
    (589,801
    )
    
    
    (753,609
    )
    
    
    (564,309
    )
    
    
    (2,811,723
    )Share of Income (losses) from
Operating Limited Partnerships
    
    
    (723,392
    )
    
    
    (576,114
    )
    
    
    (681,823
    )
    
    
    (2,501,636
    )Net loss
    
    
    (1,313,193
    )
    
    
    (1,329,723
    )
    
    
    (1,246,132
    )
    
    
    (5,313,359
    )Net loss per BAC
    
    
    (0.07
    )
    
    
    (0.07
    )
    
    
    (0.07
    )
    
    
    (0.28
    )
 F-74




---



##### 



Boston
Capital Tax Credit Fund II Limited Partnership 
Series 7
 
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedBRIARWOOD APTS LP
    
    
    607,697
    
    
    
    44,500
    
    
    
    747,246
    
    
    
    103,390
    
    
    
    44,500
    
    
    
    850,636
    
    
    
    895,136
    
    
    
    504,346
    
    
    Dec-89
    
    
    Dec-89
    
    
    
    5-27.5CREEKSIDE
    
    
    1,252,684
    
    
    
    89,016
    
    
    
    1,290,616
    
    
    
    298,532
    
    
    
    89,016
    
    
    
    1,589,148
    
    
    
    1,678,164
    
    
    
    404,109
    
    
    Sep-89
    
    
    Jun-89
    
    
    
    5-27.5DEER HILL II LP
    
    
    1,438,945
    
    
    
    103,000
    
    
    
    1,424,556
    
    
    
    338,656
    
    
    
    103,000
    
    
    
    1,763,212
    
    
    
    1,866,212
    
    
    
    1,070,599
    
    
    May-89
    
    
    Feb-90
    
    
    
    5-27.5HILLANDALE
    
    
    4,370,266
    
    
    
    601,653
    
    
    
    4,198,973
    
    
    
    2,901,375
    
    
    
    601,653
    
    
    
    7,100,348
    
    
    
    7,702,001
    
    
    
    3,793,210
    
    
    Jan-90
    
    
    Dec-89
    
    
    
    5-27.5LEBANON PROP II LP
    
    
    560,457
    
    
    
    3,000
    
    
    
    730,187
    
    
    
    99,787
    
    
    
    3,000
    
    
    
    829,974
    
    
    
    832,974
    
    
    
    470,459
    
    
    Jul-89
    
    
    Dec-89
    
    
    
    5-27.5OAK GROVE
EST. LP
    
    
    471,968
    
    
    
    15,200
    
    
    
    597,465
    
    
    
    23,280
    
    
    
    15,200
    
    
    
    620,745
    
    
    
    635,945
    
    
    
    384,337
    
    
    Sep-89
    
    
    Dec-89
    
    
    
    27.5OAKVIEW LTD
    
    
    1,105,948
    
    
    
    35,280
    
    
    
    1,375,820
    
    
    
    126,908
    
    
    
    35,280
    
    
    
    1,502,728
    
    
    
    1,538,008
    
    
    
    692,404
    
    
    Oct-89
    
    
    Dec-89
    
    
    
    40WESTWOOD
    
    
    1,370,622
    
    
    
    96,600
    
    
    
    1,355,174
    
    
    
    403,539
    
    
    
    108,580
    
    
    
    1,758,713
    
    
    
    1,867,293
    
    
    
    1,112,774
    
    
    Jul-90
    
    
    Jul-90
    
    
    
    5-27.511,178,587
    
    
    
    988,249
    
    
    
    11,720,037
    
    
    
    4,295,467
    
    
    
    1,000,229
    
    
    
    16,015,504
    
    
    
    17,015,733
    
    
    
    8,432,238
   F-75




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 7
 Reconciliation of Land, Building & Improvements current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    41,816,362Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    1,735,711Other
    
    
    0$
    1,735,711Deductions during period:Cost of real estate sold
    
    $
    0Other*
    
    
    0$
    0Balance at close of period  3/31/93
    
    
    
    
    
    $
    43,552,073Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    147,543Other
    
    
    0$
    147,543Deductions during period:Cost of real estate sold
    
    $
    0Other*
    
    
    0$
    0Balance at close of period  3/31/94
    
    
    
    
    
    $
    43,699,616Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    58,462Other
    
    
    0$
    58,462Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (261,992
    )$
    (261,992
    )Balance at close of period  3/31/95
    
    
    
    
    
    $
    43,496,086
 F-76




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 7 (Continued)
 Balance at close of period  3/31/95
    
    
    
    
    
    $
    43,496,086Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    26,794Other
    
    
    0$
    26,794Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/96
    
    
    
    
    
    $
    43,522,880Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    0Other
    
    
    0$
    0Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (12,480,477
    )$
    (12,480,477
    )Balance at close of period  3/31/97
    
    
    
    
    
    $
    31,042,403Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    44,376Other
    
    
    0$
    44,376Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/98
    
    
    
    
    
    $
    31,086,779
 F-77




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 7 (Continued)
 Balance at close of period  3/31/98
    
    
    
    
    
    $
    31,086,779Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    56,791Other
    
    
    0$
    56,791Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (1,070,393
    )$
    (1,070,393
    )Balance at close of period  3/31/99
    
    
    
    
    
    $
    30,073,177Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    56,415Other
    
    
    0$
    56,415Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/00
    
    
    
    
    
    $
    30,129,592Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    976,119Other
    
    
    0$
    976,119Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/01
    
    
    
    
    
    $
    31,105,711
 F-78




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 7 (Continued)
 Balance at close of period  3/31/01
    
    
    
    
    
    $
    31,105,711Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    323,443Other
    
    
    0$
    323,443Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/02
    
    
    
    
    
    $
    31,429,154Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    53,123Other
    
    
    0$
    53,123Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/03
    
    
    
    
    
    $
    31,482,277Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    137,814Other
    
    
    0$
    137,814Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/04
    
    
    
    
    
    $
    31,620,091
 F-79




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 7 (Continued)
 Balance at close of period  3/31/04
    
    
    
    
    
    $
    31,620,091Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    52,678Other
    
    
    0$
    52,678Deductions during period:Cost of real estate sold
    
    $
    (9,313,591
    )Other
    
    
    0$
    (9,313,591
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    22,359,178Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    252,163Other
    
    
    0$
    252,163Deductions during period:Cost of real estate sold
    
    $
    (5,595,608
    )Other
    
    
    0$
    (5,595,608
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    17,015,733
 F-80




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 7 (Continued)
 Reconciliation of Accumulated Depreciation current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    2,312,199Current year expense
    
    $
    1,360,178Balance at close of period  3/31/93
    
    
    
    
    
    $
    3,672,377Current year expense
    
    $
    1,436,830Balance at close of period  3/31/94
    
    
    
    
    
    $
    5,109,207Current year expense
    
    $
    1,391,094Balance at close of period  3/31/95
    
    
    
    
    
    $
    6,500,301Current year expense
    
    $
    1,384,980Balance at close of period  3/31/96
    
    
    
    
    
    $
    7,885,281Current year expense
    
    $
    (333,705
    )Balance at close of period  3/31/97
    
    
    
    
    
    $
    7,551,576Current year expense
    
    $
    980,513Balance at close of period  3/31/98
    
    
    
    
    
    $
    8,532,089Current year expense
    
    $
    100,126Balance at close of period  3/31/99
    
    
    
    
    
    $
    8,632,215Current year expense
    
    $
    956,619Balance at close of period  3/31/00
    
    
    
    
    
    $
    9,588,834Current year expense
    
    $
    937,982Balance at close of period  3/31/01
    
    
    
    
    
    $
    10,526,816Current year expense
    
    $
    939,004Balance at close of period  3/31/02
    
    
    
    
    
    $
    11,465,820Current year expense
    
    $
    1,012,788Balance at close of period  3/31/03
    
    
    
    
    
    $
    12,478,608Current year expense
    
    $
    1,017,224Balance at close of period  3/31/04
    
    
    
    
    
    $
    13,495,832Current year expense
    
    $
    739,721Reduction of Real Estate sold
    
    
    (3,476,831
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    10,758,722Current year expense
    
    $
    531,925Reduction of Real Estate sold
    
    
    (2,858,409
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    8,432,238
 F-81




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 9
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedBEAVER BROOK
    
    
    1,154,618
    
    
    
    135,070
    
    
    
    1,395,155
    
    
    
    151,973
    
    
    
    135,070
    
    
    
    1,547,128
    
    
    
    1,682,198
    
    
    
    917,304
    
    
    May-90
    
    
    Apr-90
    
    
    
    27.5BIG LAKE SENIORS
    
    
    539,096
    
    
    
    27,804
    
    
    
    732,961
    
    
    
    23,998
    
    
    
    27,804
    
    
    
    756,959
    
    
    
    784,763
    
    
    
    197,392
    
    
    Jun-95
    
    
    Apr-94
    
    
    
    5-27.5BLAKELY
    
    
    1,024,766
    
    
    
    50,000
    
    
    
    1,159,403
    
    
    
    115,074
    
    
    
    50,000
    
    
    
    1,274,477
    
    
    
    1,324,477
    
    
    
    725,277
    
    
    May-90
    
    
    May-90
    
    
    
    5-27.5BLANCO SR
    
    
    504,184
    
    
    
    40,147
    
    
    
    679,816
    
    
    
    0
    
    
    
    40,147
    
    
    
    679,816
    
    
    
    719,963
    
    
    
    202,135
    
    
    Sep-94
    
    
    Dec-93
    
    
    
    7-40BLOOMINGDALE
    
    
    1,440,549
    
    
    
    100,338
    
    
    
    1,771,660
    
    
    
    21,170
    
    
    
    100,338
    
    
    
    1,792,830
    
    
    
    1,893,168
    
    
    
    1,055,910
    
    
    Mar-90
    
    
    May-90
    
    
    
    5-27.5BROOKLYN
    
    
    1,079,144
    
    
    
    9,000
    
    
    
    1,416,895
    
    
    
    177,746
    
    
    
    9,000
    
    
    
    1,594,641
    
    
    
    1,603,641
    
    
    
    716,886
    
    
    May-90
    
    
    May-90
    
    
    
    5-27.5COTTON MILL ASSOC.
    
    
    1,430,303
    
    
    
    75,000
    
    
    
    1,730,384
    
    
    
    20,700
    
    
    
    75,000
    
    
    
    1,751,084
    
    
    
    1,826,084
    
    
    
    659,947
    
    
    Jul-93
    
    
    Oct-92
    
    
    
    5-27.5FAWN RIVER
    
    
    3,615,028
    
    
    
    77,000
    
    
    
    4,396,993
    
    
    
    578,972
    
    
    
    77,000
    
    
    
    4,975,965
    
    
    
    5,052,965
    
    
    
    2,284,744
    
    
    Oct-90
    
    
    Oct-90
    
    
    
    27.5FOUNTAIN GREEN
    
    
    692,492
    
    
    
    68,134
    
    
    
    880,440
    
    
    
    6,779
    
    
    
    68,134
    
    
    
    887,219
    
    
    
    955,353
    
    
    
    517,081
    
    
    May-90
    
    
    Jun-90
    
    
    
    27.5GLENWOOD HOTEL
    
    
    629,185
    
    
    
    25,000
    
    
    
    1,128,486
    
    
    
    21,864
    
    
    
    25,000
    
    
    
    1,150,350
    
    
    
    1,175,350
    
    
    
    673,388
    
    
    Jun-90
    
    
    Jun-90
    
    
    
    7-27.5GRIFTON
    
    
    1,204,396
    
    
    
    35,393
    
    
    
    1,170,847
    
    
    
    416,875
    
    
    
    35,393
    
    
    
    1,587,722
    
    
    
    1,623,115
    
    
    
    436,204
    
    
    Feb-94
    
    
    Sep-93
    
    
    
    7-27.5HACIENDA VILLA
    
    
    3,465,729
    
    
    
    233,165
    
    
    
    7,304,446
    
    
    
    199,527
    
    
    
    274,352
    
    
    
    7,503,973
    
    
    
    7,778,325
    
    
    
    3,060,170
    
    
    Jan-90
    
    
    Apr-90
    
    
    
    40HAINES CITY
    
    
    1,407,724
    
    
    
    100,000
    
    
    
    1,709,218
    
    
    
    25,771
    
    
    
    100,000
    
    
    
    1,734,989
    
    
    
    1,834,989
    
    
    
    1,051,205
    
    
    Feb-90
    
    
    Apr-90
    
    
    
    27.5IMMOKALEE
    
    
    2,145,703
    
    
    
    160,000
    
    
    
    2,732,134
    
    
    
    169,662
    
    
    
    160,000
    
    
    
    2,901,796
    
    
    
    3,061,796
    
    
    
    1,167,753
    
    
    May-90
    
    
    May-90
    
    
    
    7-27.5
 F-82




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 9
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedKRISTIN PARK
    
    
    1,358,710
    
    
    
    117,179
    
    
    
    1,694,459
    
    
    
    110,508
    
    
    
    117,179
    
    
    
    1,804,967
    
    
    
    1,922,146
    
    
    
    753,227
    
    
    Jun-90
    
    
    Mar-90
    
    
    
    27.5LE GRANDE
ENTERPRISES
    
    
    1,689,640
    
    
    
    13,090
    
    
    
    2,232,493
    
    
    
    17,170
    
    
    
    67,500
    
    
    
    2,249,663
    
    
    
    2,317,163
    
    
    
    577,965
    
    
    Oct-93
    
    
    Nov-92
    
    
    
    5-50LONGMEADOW
    
    
    1,447,429
    
    
    
    95,000
    
    
    
    1,765,749
    
    
    
    53,355
    
    
    
    95,000
    
    
    
    1,819,104
    
    
    
    1,914,104
    
    
    
    727,606
    
    
    Aug-90
    
    
    Aug-90
    
    
    
    10-40MEADOW RUN
    
    
    623,474
    
    
    
    44,400
    
    
    
    784,163
    
    
    
    30,380
    
    
    
    44,400
    
    
    
    814,543
    
    
    
    858,943
    
    
    
    469,135
    
    
    May-90
    
    
    May-90
    
    
    
    27.5MEADOWCREST
    
    
    2,745,417
    
    
    
    286,065
    
    
    
    4,982,274
    
    
    
    92,162
    
    
    
    286,065
    
    
    
    5,074,436
    
    
    
    5,360,501
    
    
    
    3,066,161
    
    
    Oct-90
    
    
    Sep-90
    
    
    
    5-27.5NEWFANE SENIOR
    
    
    872,784
    
    
    
    30,000
    
    
    
    1,211,708
    
    
    
    85,860
    
    
    
    30,000
    
    
    
    1,297,568
    
    
    
    1,327,568
    
    
    
    654,185
    
    
    Sep-92
    
    
    Oct-92
    
    
    
    5-27.5OLD STAGE
    
    
    1,236,935
    
    
    
    39,840
    
    
    
    1,517,419
    
    
    
    12,473
    
    
    
    39,840
    
    
    
    1,529,892
    
    
    
    1,569,732
    
    
    
    877,525
    
    
    Sep-90
    
    
    May-90
    
    
    
    27.5PLEASANTON SR
    
    
    601,552
    
    
    
    40,000
    
    
    
    813,308
    
    
    
    12,507
    
    
    
    40,000
    
    
    
    825,815
    
    
    
    865,815
    
    
    
    276,957
    
    
    Jul-93
    
    
    Dec-93
    
    
    
    40POLKTON HOUSING
    
    
    620,047
    
    
    
    25,038
    
    
    
    754,785
    
    
    
    23,113
    
    
    
    25,038
    
    
    
    777,898
    
    
    
    802,936
    
    
    
    414,251
    
    
    Dec-93
    
    
    Jan-94
    
    
    
    5-27.5PRINCESS MANOR
    
    
    1,459,799
    
    
    
    57,066
    
    
    
    1,869,314
    
    
    
    46,750
    
    
    
    57,066
    
    
    
    1,916,064
    
    
    
    1,973,130
    
    
    
    1,032,877
    
    
    Aug-90
    
    
    Jun-90
    
    
    
    5-27.5PRINCESS VILLAS
    
    
    1,458,825
    
    
    
    63,104
    
    
    
    1,786,927
    
    
    
    31,762
    
    
    
    63,104
    
    
    
    1,818,689
    
    
    
    1,881,793
    
    
    
    977,117
    
    
    Aug-90
    
    
    Jun-90
    
    
    
    5-27.5PUTNEY FIRST
    
    
    1,396,953
    
    
    
    128,800
    
    
    
    1,804,424
    
    
    
    32,287
    
    
    
    128,800
    
    
    
    1,836,711
    
    
    
    1,965,511
    
    
    
    620,150
    
    
    May-93
    
    
    Dec-92
    
    
    
    5-27.5QUAIL HOLLOW- WARSAW
    
    
    1,371,684
    
    
    
    33,500
    
    
    
    1,747,578
    
    
    
    8,435
    
    
    
    33,500
    
    
    
    1,756,013
    
    
    
    1,789,513
    
    
    
    688,104
    
    
    Sep-90
    
    
    Jul-90
    
    
    
    7-40RAINBOW GARDENS
    
    
    1,181,645
    
    
    
    70,000
    
    
    
    1,450,989
    
    
    
    4,198
    
    
    
    70,000
    
    
    
    1,455,187
    
    
    
    1,525,187
    
    
    
    689,422
    
    
    Jun-93
    
    
    Dec-92
    
    
    
    7-27.5RAITT ST APTS
    
    
    842,737
    
    
    
    270,281
    
    
    
    1,221,755
    
    
    
    0
    
    
    
    270,281
    
    
    
    1,221,755
    
    
    
    1,492,036
    
    
    
    549,786
    
    
    Aug-93
    
    
    May-93
    
    
    
    5-27.5SCHOOL ST. II
    
    
    624,063
    
    
    
    37,622
    
    
    
    1,585,434
    
    
    
    50,266
    
    
    
    37,622
    
    
    
    1,635,700
    
    
    
    1,673,322
    
    
    
    791,696
    
    
    Jun-93
    
    
    Jun-93
    
    
    
    7-27.5SOUTH PARIS
    
    
    1,449,778
    
    
    
    65,000
    
    
    
    1,853,831
    
    
    
    60,171
    
    
    
    65,000
    
    
    
    1,914,002
    
    
    
    1,979,002
    
    
    
    836,482
    
    
    Oct-92
    
    
    Nov-92
    
    
    
    5-27.5
 F-83




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 9
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedSOUTHWESTERN
    
    
    1,389,880
    
    
    
    30,000
    
    
    
    1,766,094
    
    
    
    84,864
    
    
    
    30,000
    
    
    
    1,850,958
    
    
    
    1,880,958
    
    
    
    1,105,147
    
    
    May-90
    
    
    May-90
    
    
    
    7-27.5SPRINGFIELD
    
    
    3,977,639
    
    
    
    775,955
    
    
    
    4,177,205
    
    
    
    5,220,229
    
    
    
    775,955
    
    
    
    9,397,434
    
    
    
    10,173,389
    
    
    
    4,902,412
    
    
    Jun-91
    
    
    Jun-90
    
    
    
    5-27.5SUNSHINE
    
    
    1,440,426
    
    
    
    127,000
    
    
    
    1,729,289
    
    
    
    204,775
    
    
    
    120,902
    
    
    
    1,934,064
    
    
    
    2,054,966
    
    
    
    1,096,857
    
    
    Nov-90
    
    
    Sep-90
    
    
    
    5-27.5SURRY VILLAGE II
    
    
    843,383
    
    
    
    60,000
    
    
    
    938,244
    
    
    
    8,219
    
    
    
    50,718
    
    
    
    946,463
    
    
    
    997,181
    
    
    
    561,885
    
    
    Jan-90
    
    
    May-90
    
    
    
    5-27.5TAPPAHANNOCK GREENS
    
    
    1,460,796
    
    
    
    122,500
    
    
    
    1,703,483
    
    
    
    60,874
    
    
    
    122,500
    
    
    
    1,764,357
    
    
    
    1,886,857
    
    
    
    819,748
    
    
    May-94
    
    
    Mar-94
    
    
    
    5-27.5TWIN OAKS
    
    
    1,110,415
    
    
    
    53,636
    
    
    
    1,397,601
    
    
    
    5,875
    
    
    
    53,636
    
    
    
    1,403,476
    
    
    
    1,457,112
    
    
    
    817,480
    
    
    May-90
    
    
    May-90
    
    
    
    5-27.5VILLAGE OAKS
    
    
    714,625
    
    
    
    42,140
    
    
    
    884,614
    
    
    
    39,488
    
    
    
    42,140
    
    
    
    924,102
    
    
    
    966,242
    
    
    
    536,810
    
    
    Feb-90
    
    
    Jun-90
    
    
    
    5-27.5WESTSIDE
    
    
    2,199,230
    
    
    
    25,000
    
    
    
    4,022,240
    
    
    
    (47,900)a
    
    
    
    25,000
    
    
    
    3,974,340
    
    
    
    3,999,340
    
    
    
    2,200,318
    
    
    Dec-90
    
    
    Jun-90
    
    
    
    5-27.5WESTWOOD
    
    
    1,370,622
    
    
    
    96,660
    
    
    
    1,690,074
    
    
    
    68,639
    
    
    
    108,580
    
    
    
    1,758,713
    
    
    
    1,867,293
    
    
    
    1,112,774
    
    
    Jul-90
    
    
    Jul-90
    
    
    
    27.555,821,405
    
    
    
    3,884,927
    
    
    
    75,594,292
    
    
    
    8,246,571
    
    
    
    3,977,064
    
    
    
    83,840,863
    
    
    
    87,817,927
    
    
    
    40,821,473
   F-84




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 9
 Reconciliation of Land, Building & Improvements current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    122,231,856Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    3,447,429Improvements, etc
    
    
    143,343Other
    
    
    0$
    3,590,772Deductions during period:Cost of real estate sold
    
    $
    (7,395,934
    )Other
    
    
    (24,083
    )$
    (7,420,017
    )Balance at close of period  3/31/93
    
    
    
    
    
    $
    118,402,611Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    3,591,731Improvements, etc
    
    
    9,011,423Other
    
    
    0$
    12,603,154Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/94
    
    
    
    
    
    $
    131,005,765Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    2,630,397Improvements, etc
    
    
    1,266,494Other
    
    
    0$
    3,896,891Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/95
    
    
    
    
    
    $
    134,902,656
 F-85




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 9 (Continued)
 Balance at close of period  3/31/95
    
    
    
    
    
    $
    134,902,656Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    818,652Other
    
    
    0$
    818,652Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/96
    
    
    
    
    
    $
    135,721,308Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    0Other
    
    
    0$
    0Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (2,117,890
    )(2,117,890
    )Balance at close of period  3/31/97
    
    
    
    
    
    $
    133,603,418Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    355,226Other
    
    
    0$
    355,226Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/98
    
    
    
    
    
    $
    133,958,644
 F-86




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 9 (Continued)
 Balance at close of period  3/31/98
    
    
    
    
    
    $
    133,958,644Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    570,512Other
    
    
    0$
    570,512Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (990,393
    )(990,393
    )Balance at close of period  3/31/99
    
    
    
    
    
    $
    133,538,763Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    374,174Other
    
    
    0$
    374,174Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (531,712
    )(531,712
    )Balance at close of period  3/31/00
    
    
    
    
    
    $
    133,381,225Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    322,286Other
    
    
    0$
    322,286Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/01
    
    
    
    
    
    $
    133,703,511
 F-87




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 9 (Continued)
 Balance at close of period  3/31/01
    
    
    
    
    
    $
    133,703,511Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    523,585Other
    
    
    0$
    523,585Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/02
    
    
    
    
    
    $
    134,227,096Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    539,685Other
    
    
    0$
    539,685Deductions during period:Cost of real estate sold
    
    $
    (11,255,722
    )Other
    
    
    0(11,255,722
    )Balance at close of period  3/31/03
    
    
    
    
    
    $
    123,511,059Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    401,897Other
    
    
    0$
    401,897Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/04
    
    
    
    
    
    $
    123,912,956
 F-88




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 9 (Continued)
 Balance at close of period  3/31/04
    
    
    
    
    
    $
    123,912,956Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    118,694Other
    
    
    0$
    401,897Deductions during period:Cost of real estate sold
    
    $
    (35,486,480
    )Other
    
    
    0(35,486,480
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    88,545,170Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    316,010Other
    
    
    0$
    316,010Deductions during period:Cost of real estate sold
    
    $
    (1,043,253
    )Other
    
    
    0(1,043,253
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    87,817,927
 F-89




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 9 (Continued)
 Reconciliation of Accumulated Depreciation current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    6,203,920Current year expense
    
    $
    4,059,735Balance at close of period  3/31/93
    
    
    
    
    
    $
    10,263,655Current year expense
    
    $
    4,195,190Balance at close of period  3/31/94
    
    
    
    
    
    $
    14,458,845Current year expense
    
    $
    4,588,398Balance at close of period  3/31/95
    
    
    
    
    
    $
    19,047,243Current year expense
    
    $
    4,535,644Balance at close of period  3/31/96
    
    
    
    
    
    $
    23,582,887Current year expense
    
    $
    4,517,586Balance at close of period  3/31/97
    
    
    
    
    
    $
    28,100,473Current year expense
    
    $
    4,359,076Balance at close of period  3/31/98
    
    
    
    
    
    $
    32,459,549Current year expense
    
    $
    3,444,078Balance at close of period  3/31/99
    
    
    
    
    
    $
    35,903,627Current year expense
    
    $
    4,028,593Balance at close of period  3/31/00
    
    
    
    
    
    $
    39,932,220Current year expense
    
    $
    4,198,128Balance at close of period  3/31/01
    
    
    
    
    
    $
    44,130,348Current year expense
    
    $
    4,089,155Balance at close of period  3/31/02
    
    
    
    
    
    $
    48,219,503Current year expense
    
    $
    329,965Balance at close of period  3/31/03
    
    
    
    
    
    $
    48,549,468Current year expense
    
    $
    3,928,201Balance at close of period  3/31/04
    
    
    
    
    
    $
    52,477,669Current year expense
    
    $
    2,257,172Reduction for Real Estate sold
    
    
    (15,910,686
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    38,824,155Current year expense
    
    $
    2,583,478Reduction for Real Estate sold
    
    
    (586,160
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    40,821,473
 F-90




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 10
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedACKERMAN
    
    
    517,368
    
    
    
    42,000
    
    
    
    619,380
    
    
    
    301,233
    
    
    
    42,000
    
    
    
    920,613
    
    
    
    962,613
    
    
    
    280,820
    
    
    Jun-94
    
    
    Sep-93
    
    
    5-27.5ATHENS II
    
    
    1,308,129
    
    
    
    75,000
    
    
    
    1,642,281
    
    
    
    52,361
    
    
    
    75,000
    
    
    
    1,694,642
    
    
    
    1,769,642
    
    
    
    657,013
    
    
    Jun-90
    
    
    Aug-90
    
    
    5-27.5AUTUMN LANE
    
    
    717,926
    
    
    
    34,094
    
    
    
    891,072
    
    
    
    1,281
    
    
    
    34,094
    
    
    
    892,353
    
    
    
    926,447
    
    
    
    506,937
    
    
    Nov-90
    
    
    Aug-89
    
    
    5-27.5BAYTREE
    
    
    936,993
    
    
    
    44,759
    
    
    
    1,099,246
    
    
    
    157,795
    
    
    
    44,759
    
    
    
    1,257,041
    
    
    
    1,301,800
    
    
    
    715,926
    
    
    Jul-90
    
    
    Nov-88
    
    
    5-27.5BENCHMARK
    
    
    1,086,606
    
    
    
    60,600
    
    
    
    1,137,112
    
    
    
    236,467
    
    
    
    60,600
    
    
    
    1,373,579
    
    
    
    1,434,179
    
    
    
    753,973
    
    
    Jul-90
    
    
    Nov-88
    
    
    5-27.5BRENTWOOD
    
    
    933,763
    
    
    
    64,999
    
    
    
    1,163,002
    
    
    
    63,887
    
    
    
    64,999
    
    
    
    1,226,889
    
    
    
    1,291,888
    
    
    
    481,823
    
    
    Oct-90
    
    
    Nov-90
    
    
    5-27.5BRIARWOOD
    
    
    1,448,443
    
    
    
    154,900
    
    
    
    1,898,553
    
    
    
    (269,824
    )
    
    
    154,900
    
    
    
    1,628,729
    
    
    
    1,783,629
    
    
    
    875,469
    
    
    Aug-90
    
    
    Aug-90
    
    
    7-27.5BUTLER PROPERTIES
    
    
    490,644
    
    
    
    37,500
    
    
    
    376,730
    
    
    
    223,430
    
    
    
    37,500
    
    
    
    600,160
    
    
    
    637,660
    
    
    
    214,243
    
    
    Feb-91
    
    
    Dec-90
    
    
    5-27.5CANDLEWICK PLACE
    
    
    1,223,715
    
    
    
    70,800
    
    
    
    1,500,289
    
    
    
    107,783
    
    
    
    70,800
    
    
    
    1,608,072
    
    
    
    1,678,872
    
    
    
    570,758
    
    
    Oct-92
    
    
    Dec-92
    
    
    5-27.5CEDARSTONE
    
    
    754,415
    
    
    
    66,000
    
    
    
    955,695
    
    
    
    73,131
    
    
    
    66,000
    
    
    
    1,028,826
    
    
    
    1,094,826
    
    
    
    374,851
    
    
    May-93
    
    
    May-93
    
    
    5-40CHARLTON COURT
    
    
    1,170,623
    
    
    
    56,144
    
    
    
    1,449,050
    
    
    
    3,301
    
    
    
    56,144
    
    
    
    1,452,351
    
    
    
    1,508,495
    
    
    
    720,043
    
    
    Jan-93
    
    
    Dec-92
    
    
    7-27.5CHUCKATUCK
    
    
    1,441,053
    
    
    
    128,725
    
    
    
    1,731,557
    
    
    
    37,472
    
    
    
    128,725
    
    
    
    1,769,029
    
    
    
    1,897,754
    
    
    
    854,190
    
    
    Feb-90
    
    
    Nov-90
    
    
    12-40CLOVERLEAF I
    
    
    834,448
    
    
    
    54,740
    
    
    
    969,048
    
    
    
    20,339
    
    
    
    54,740
    
    
    
    989,387
    
    
    
    1,044,127
    
    
    
    583,039
    
    
    Apr-90
    
    
    Nov-90
    
    
    5-27.5CLOVERLEAF II
    
    
    853,200
    
    
    
    66,488
    
    
    
    981,480
    
    
    
    22,147
    
    
    
    66,488
    
    
    
    1,003,627
    
    
    
    1,070,115
    
    
    
    590,236
    
    
    Apr-90
    
    
    Nov-90
    
    
    5-27.5DALLAS
    
    
    1,413,266
    
    
    
    230,059
    
    
    
    3,408,933
    
    
    
    (140,931
    )*
    
    
    230,059
    
    
    
    3,268,002
    
    
    
    3,498,061
    
    
    
    1,875,708
    
    
    Oct-90
    
    
    Dec-91
    
    
    5-27.5ELLAVILLE
    
    
    767,477
    
    
    
    45,000
    
    
    
    977,293
    
    
    
    5,441
    
    
    
    45,000
    
    
    
    982,734
    
    
    
    1,027,734
    
    
    
    583,825
    
    
    Feb-90
    
    
    Jul-90
    
    
    5-27.5GREAT FALLS
    
    
    874,891
    
    
    
    38,292
    
    
    
    1,053,154
    
    
    
    7,477
    
    
    
    38,292
    
    
    
    1,060,631
    
    
    
    1,098,923
    
    
    
    607,271
    
    
    Oct-90
    
    
    Nov-90
    
    
    5-27.5HARTWAY PROPERTIES
    
    
    892,275
    
    
    
    49,000
    
    
    
    1,116,507
    
    
    
    29,540
    
    
    
    49,000
    
    
    
    1,146,047
    
    
    
    1,195,047
    
    
    
    486,788
    
    
    Jun-90
    
    
    Jul-90
    
    
    5-27.5
 F-91




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 10
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedIRONTON ESTATES
    
    
    604,157
    
    
    
    29,500
    
    
    
    794,461
    
    
    
    19,474
    
    
    
    29,500
    
    
    
    813,935
    
    
    
    843,435
    
    
    
    417,798
    
    
    Jan-93
    
    
    May-93
    
    
    5-27.5LAMBERT SQUARE
    
    
    962,903
    
    
    
    41,200
    
    
    
    1,243,568
    
    
    
    35,349
    
    
    
    41,200
    
    
    
    1,278,917
    
    
    
    1,320,117
    
    
    
    422,896
    
    
    Jan-93
    
    
    May-93
    
    
    5-50LONGVIEW
    
    
    853,262
    
    
    
    25,000
    
    
    
    1,071,946
    
    
    
    72,706
    
    
    
    25,000
    
    
    
    1,144,652
    
    
    
    1,169,652
    
    
    
    673,884
    
    
    Jun-90
    
    
    Nov-90
    
    
    5-27.5MAIDU
    
    
    1,680,774
    
    
    
    56,500
    
    
    
    4,890,261
    
    
    
    310,930
    
    
    
    56,500
    
    
    
    5,201,191
    
    
    
    5,257,691
    
    
    
    2,798,685
    
    
    Aug-90
    
    
    Nov-88
    
    
    27.5MEADOWBROOK
    
    
    1,441,429
    
    
    
    75,141
    
    
    
    1,789,549
    
    
    
    5,208
    
    
    
    75,141
    
    
    
    1,794,757
    
    
    
    1,869,898
    
    
    
    1,063,284
    
    
    Dec-91
    
    
    Mar-91
    
    
    5-27.5MORGANTOWN
    
    
    751,617
    
    
    
    36,000
    
    
    
    930,187
    
    
    
    7
    
    
    
    36,000
    
    
    
    930,194
    
    
    
    966,194
    
    
    
    343,234
    
    
    Dec-90
    
    
    Aug-90
    
    
    5-27.5NEWNAN
    
    
    1,840,539
    
    
    
    92,706
    
    
    
    4,128,942
    
    
    
    (209,890
    )*
    
    
    92,706
    
    
    
    3,919,052
    
    
    
    4,011,758
    
    
    
    2,274,821
    
    
    Oct-90
    
    
    Dec-90
    
    
    27.5PARKWOOD
    
    
    2,621,179
    
    
    
    316,667
    
    
    
    4,358,381
    
    
    
    15,610
    
    
    
    316,667
    
    
    
    4,373,991
    
    
    
    4,690,658
    
    
    
    2,433,224
    
    
    May-91
    
    
    Mar-91
    
    
    40PINETREE MANOR
    
    
    957,317
    
    
    
    30,000
    
    
    
    1,210,633
    
    
    
    44,011
    
    
    
    30,000
    
    
    
    1,254,644
    
    
    
    1,284,644
    
    
    
    417,557
    
    
    Jan-93
    
    
    Nov-92
    
    
    7-40PINEVIEW
    
    
    938,810
    
    
    
    125,000
    
    
    
    1,178,400
    
    
    
    10,823
    
    
    
    125,000
    
    
    
    1,189,223
    
    
    
    1,314,223
    
    
    
    682,726
    
    
    Dec-90
    
    
    Sep-90
    
    
    7-27.5ROSEWOOD VILLAGE
    
    
    634,330
    
    
    
    36,000
    
    
    
    806,255
    
    
    
    5,086
    
    
    
    36,000
    
    
    
    811,341
    
    
    
    847,341
    
    
    
    475,367
    
    
    Jul-90
    
    
    Jul-90
    
    
    5-27.5STOCKTON ESTATES
    
    
    430,342
    
    
    
    17,500
    
    
    
    647,699
    
    
    
    (216,866
    )
    
    
    25,678
    
    
    
    430,833
    
    
    
    456,511
    
    
    
    175,274
    
    
    Jan-93
    
    
    Feb-93
    
    
    5-27.5STRATFORD SQUARE
    
    
    735,021
    
    
    
    63,000
    
    
    
    443,433
    
    
    
    488,388
    
    
    
    63,000
    
    
    
    931,821
    
    
    
    994,821
    
    
    
    327,937
    
    
    Feb-93
    
    
    Oct-92
    
    
    5-40SUMMER GLEN
    
    
    1,443,711
    
    
    
    147,225
    
    
    
    1,669,056
    
    
    
    164,531
    
    
    
    147,225
    
    
    
    1,833,587
    
    
    
    1,980,812
    
    
    
    618,973
    
    
    Mar-93
    
    
    Nov-92
    
    
    5-40
 F-92




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 10
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedWICHITA WEST
    
    
    1,635,896
    
    
    
    110,377
    
    
    
    2,920,599
    
    
    
    156,779
    
    
    
    110,377
    
    
    
    3,077,378
    
    
    
    3,187,755
    
    
    
    1,765,719
    
    
    Jul-90
    
    
    Jul-90
    
    
    
    7-27.5WOODSIDEHOUSING
    
    
    1,449,053
    
    
    
    60,140
    
    
    
    1,926,294
    
    
    
    56,227
    
    
    
    60,140
    
    
    
    1,982,521
    
    
    
    2,042,661
    
    
    
    779,524
    
    
    Nov-90
    
    
    Dec-90
    
    
    
    5-27.536,645,575
    
    
    
    2,581,056
    
    
    
    52,980,046
    
    
    
    1,890,703
    
    
    
    2,589,234
    
    
    
    54,870,749
    
    
    
    57,459,983
    
    
    
    27,403,816
   F-93




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 10
 Reconciliation of Land, Building & Improvements current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    73,561,151Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    2,204,866Improvements, etc
    
    
    314,333Other
    
    
    0$
    2,519,199Deductions during period:Cost of real estate sold
    
    $
    (7,395,934
    )Other
    
    
    0$
    (7,395,934
    )Balance at close of period  3/31/93
    
    
    
    
    
    $
    68,684,416Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    8,492,161Improvements, etc
    
    
    6,297,007Other
    
    
    0$
    14,789,168Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/94
    
    
    
    
    
    $
    83,473,584Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    313,600Improvements, etc
    
    
    0Other
    
    
    0$
    313,600Deductions during period:Cost of real estate sold
    
    
    0Other
    
    
    0$
    0Balance at close of period  3/31/95
    
    
    
    
    
    $
    83,787,184
 F-94




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 10 (Continued)
 Balance at close of period  3/31/95
    
    
    
    
    
    $
    83,787,184Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etcOther
    
    
    86,855$
    86,855Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (440,637
    )(440,637
    )Balance at close of period  3/31/96
    
    
    
    
    
    $
    83,433,402Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    0Other
    
    
    186,916$
    186,196Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/97
    
    
    
    
    
    $
    83,620,318Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    116,256Other
    
    
    0$
    116,256Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/98
    
    
    
    
    
    $
    83,736,574
 F-95




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 10 (Continued)
 Balance at close of period  3/31/98
    
    
    
    
    
    $
    83,736,574Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    530,895Other
    
    
    0$
    530,895Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (1,589,126
    )(1,589,126
    )Balance at close of period  3/31/99
    
    
    
    
    
    $
    82,678,343Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    489,722Other
    
    
    0$
    489,722Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/00
    
    
    
    
    
    $
    83,168,065Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    156,226Other
    
    
    0$
    156,226Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/01
    
    
    
    
    
    $
    83,324,291
 F-96




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 10 (Continued)
 Balance at close of period  3/31/01
    
    
    
    
    
    $
    83,324,291Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    257,618Other
    
    
    0$
    257,618Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/02
    
    
    
    
    
    $
    83,581,909Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    141,429Other
    
    
    0$
    141,429Deductions during period:Cost of real estate sold
    
    $
    (3,748,588
    )Other
    
    
    0(3,748,588
    )Balance at close of period  3/31/03
    
    
    
    
    
    $
    79,974,750Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    (8,393
    )Other
    
    
    0$
    (8,393
    )Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/04
    
    
    
    
    
    $
    79,966,357
 F-97




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 10 (Continued)
 Balance at close of period  3/31/04
    
    
    
    
    
    $
    79,966,357Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    208,435Other
    
    
    0$
    208,435Deductions during period:Cost of real estate sold
    
    $
    (2,676,780
    )Other
    
    
    0$
    (2,676,780
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    77,498,012Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    180,032Other
    
    
    0$
    180,032Deductions during period:Cost of real estate sold
    
    $
    (20,218,061
    )Other
    
    
    0$
    (20,218,061
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    57,459,983
 F-98




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 10 (Continued)
 Reconciliation of Accumulated Depreciation current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    3,259,154Current year expense
    
    $
    2,487,975Balance at close of period  3/31/93
    
    
    
    
    
    $
    5,747,129Current year expense
    
    $
    2,881,214Balance at close of period  3/31/94
    
    
    
    
    
    $
    8,628,343Current year expense
    
    $
    2,883,271Balance at close of period  3/31/95
    
    
    
    
    
    $
    11,511,614Current year expense
    
    $
    2,768,634Balance at close of period  3/31/96
    
    
    
    
    
    $
    14,280,248Current year expense
    
    $
    2,797,002Balance at close of period  3/31/97
    
    
    
    
    
    $
    17,077,250Current year expense
    
    $
    2,780,726Balance at close of period  3/31/98
    
    
    
    
    
    $
    19,857,976Current year expense
    
    $
    2,397,434Balance at close of period  3/31/99
    
    
    
    
    
    $
    22,255,410Current year expense
    
    $
    2,459,142Balance at close of period  3/31/00
    
    
    
    
    
    $
    24,714,552Current year expense
    
    $
    2,579,970Balance at close of period  3/31/01
    
    
    
    
    
    $
    27,294,522Current year expense
    
    $
    2,628,315Balance at close of period  3/31/02
    
    
    
    
    
    $
    29,922,837Current year expense
    
    $
    1,200,562Balance at close of period  3/31/03
    
    
    
    
    
    $
    31,123,399Current year expense
    
    $
    2,289,719Balance at close of period  3/31/04
    
    
    
    
    
    $
    33,413,118Current year expense
    
    $
    2,289,719Reduction for Real Estate sold
    
    $
    (921,828
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    34,832,887Current year expense
    
    $
    1,743,747Reduction for Real Estate sold
    
    $
    (9,172,818
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    27,403,816
 F-99




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 11
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedACADEMY HILL
    
    
    1,345,895
    
    
    
    119,500
    
    
    
    1,607,604
    
    
    
    28,193
    
    
    
    120,880
    
    
    
    1,635,797
    
    
    
    1,756,677
    
    
    
    902,717
    
    
    Feb-91
    
    Feb-91
    
    
    5-27.5ASPEN SQUARE
    
    
    1,794,910
    
    
    
    150,413
    
    
    
    2,118,648
    
    
    
    143,848
    
    
    
    150,703
    
    
    
    2,262,496
    
    
    
    2,413,199
    
    
    
    787,585
    
    
    Nov-90
    
    Nov-90
    
    
    5-27.5BRIDGEVIEW
    
    
    1,330,582
    
    
    
    50,686
    
    
    
    1,586,090
    
    
    
    110,942
    
    
    
    50,686
    
    
    
    1,697,032
    
    
    
    1,747,718
    
    
    
    1,053,248
    
    
    Dec-89
    
    Dec-90
    
    
    5-27.5BUCKEYE
    
    
    1,309,013
    
    
    
    93,421
    
    
    
    1,584,893
    
    
    
    102,254
    
    
    
    93,421
    
    
    
    1,687,147
    
    
    
    1,780,568
    
    
    
    694,679
    
    
    Aug-90
    
    Dec-90
    
    
    5-27.5CHURCH HILL
    
    
    933,907
    
    
    
    63,232
    
    
    
    663,136
    
    
    
    577,665
    
    
    
    63,232
    
    
    
    1,240,801
    
    
    
    1,304,033
    
    
    
    477,070
    
    
    Jan-91
    
    Dec-90
    
    
    7-40COPPER CREEK
    
    
    1,148,966
    
    
    
    77,750
    
    
    
    1,410,989
    
    
    
    73,445
    
    
    
    77,750
    
    
    
    1,484,434
    
    
    
    1,562,184
    
    
    
    520,206
    
    
    Sep-90
    
    Nov-90
    
    
    5-27.5CORONADO
    
    
    0
    
    
    
    9,998
    
    
    
    1,499,265
    
    
    
    62,046
    
    
    
    9,998
    
    
    
    1,561,311
    
    
    
    1,571,309
    
    
    
    856,167
    
    
    Apr-91
    
    Feb-91
    
    
    5-27.5CRESTWOOD
    
    
    3,480,724
    
    
    
    360,000
    
    
    
    10,649,129
    
    
    
    467,933
    
    
    
    360,000
    
    
    
    11,117,062
    
    
    
    11,477,062
    
    
    
    5,634,593
    
    
    Jul-91
    
    Jan-91
    
    
    7-27.5DALLAS APTS.
    
    
    1,413,266
    
    
    
    230,059
    
    
    
    3,408,933
    
    
    
    (140,931
    )*
    
    
    230,059
    
    
    
    3,268,002
    
    
    
    3,498,061
    
    
    
    1,875,708
    
    
    Oct-90
    
    Dec-90
    
    
    7-27.5DENMARK I
    
    
    752,785
    
    
    
    54,000
    
    
    
    915,172
    
    
    
    29,419
    
    
    
    54,000
    
    
    
    944,591
    
    
    
    998,591
    
    
    
    540,887
    
    
    Jun-90
    
    Nov-90
    
    
    27.5DENMARK II
    
    
    799,532
    
    
    
    36,000
    
    
    
    1,003,547
    
    
    
    3,610
    
    
    
    36,000
    
    
    
    1,007,157
    
    
    
    1,043,157
    
    
    
    586,350
    
    
    Jun-90
    
    Nov-90
    
    
    5-27.5EL DORADO SPRINGS
    
    
    567,274
    
    
    
    22,500
    
    
    
    735,245
    
    
    
    46,925
    
    
    
    17,176
    
    
    
    782,170
    
    
    
    799,346
    
    
    
    466,238
    
    
    Sep-90
    
    Nov-90
    
    
    5-27.5ELDERLY HOUSING OF
MACON
    
    
    1,574,752
    
    
    
    50,000
    
    
    
    1,992,329
    
    
    
    3,955
    
    
    
    50,000
    
    
    
    1,996,284
    
    
    
    2,046,284
    
    
    
    656,186
    
    
    Apr-93
    
    May-93
    
    
    5-27.5EUTAW ELDERLY
    
    
    1,585,309
    
    
    
    24,000
    
    
    
    1,972,439
    
    
    
    55,337
    
    
    
    24,000
    
    
    
    2,027,776
    
    
    
    2,051,776
    
    
    
    615,706
    
    
    Dec-93
    
    May-93
    
    
    5-50FARMERVILLE
    
    
    947,980
    
    
    
    57,015
    
    
    
    1,195,142
    
    
    
    58,051
    
    
    
    57,015
    
    
    
    1,253,193
    
    
    
    1,310,208
    
    
    
    467,476
    
    
    Apr-91
    
    Jan-91
    
    
    5-27.5FRANKLIN SCHOOL
    
    
    1,167,336
    
    
    
    112,032
    
    
    
    2,528,326
    
    
    
    2,302,345
    
    
    
    112,032
    
    
    
    4,830,671
    
    
    
    4,942,703
    
    
    
    2,410,219
    
    
    Dec-91
    
    Oct-90
    
    
    27.5HARBOR VIEW
    
    
    1,449,615
    
    
    
    143,957
    
    
    
    1,802,615
    
    
    
    (1,800,307
    )
    
    
    143,957
    
    
    
    2,308
    
    
    
    146,265
    
    
    
    1,643
    
    
    Jul-90
    
    Dec-90
    
    
    7-27.5HILLTOP APTS.
    
    
    1,384,932
    
    
    
    178,736
    
    
    
    1,545,237
    
    
    
    37,942
    
    
    
    178,736
    
    
    
    1,583,179
    
    
    
    1,761,915
    
    
    
    666,179
    
    
    Nov-92
    
    Jan-93
    
    
    27.5HOLLAND SENIOR
    
    
    880,268
    
    
    
    27,500
    
    
    
    1,096,333
    
    
    
    96,601
    
    
    
    27,500
    
    
    
    1,192,934
    
    
    
    1,220,434
    
    
    
    704,485
    
    
    Jun-90
    
    Nov-90
    
    
    27.5HOLLY SENIOR
    
    
    897,214
    
    
    
    36,882
    
    
    
    1,139,044
    
    
    
    101,353
    
    
    
    36,882
    
    
    
    1,240,397
    
    
    
    1,277,279
    
    
    
    727,927
    
    
    Oct-90
    
    Nov-90
    
    
    27.5
 F-100




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 11
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedIVAN WOODS
    
    
    2,504,813
    
    
    
    275,000
    
    
    
    4,347,328
    
    
    
    121,344
    
    
    
    275,000
    
    
    
    4,468,672
    
    
    
    4,743,672
    
    
    
    2,544,943
    
    
    Apr-91
    
    
    Feb-91
        
    
    5-27.5KAPLAN MANOR
    
    
    905,965
    
    
    
    66,000
    
    
    
    1,106,192
    
    
    
    115,603
    
    
    
    66,000
    
    
    
    1,221,795
    
    
    
    1,287,795
    
    
    
    476,036
    
    
    Dec-90
        
    Dec-90
        
    
    7-40LAKEWOOD
    
    
    934,033
    
    
    
    53,100
    
    
    
    1,162,254
    
    
    
    70,232
    
    
    
    53,100
    
    
    
    1,232,486
    
    
    
    1,285,586
    
    
    
    470,698
    
    
    May-91
        
    Jan-91
        
    
    5-27.5LICKING ASSOCIATES
    
    
    397,591
    
    
    
    14,000
    
    
    
    316,889
    
    
    
    224,462
    
    
    
    14,000
    
    
    
    541,351
    
    
    
    555,351
    
    
    
    259,119
    
    
    Mar-92
        
    Nov-91
        
    
    5-27.5LONDON ARMS
    
    
    2,681,809
    
    
    
    37,500
    
    
    
    3,479,332
    
    
    
    8,295
    *
    
    
    37,500
    
    
    
    3,487,627
    
    
    
    3,525,127
    
    
    
    1,895,208
    
    
    Dec-90
        
    Dec-90
        
    
    5-27.5MAIDU
    
    
    1,680,774
    
    
    
    56,500
    
    
    
    4,890,261
    
    
    
    310,930
    
    
    
    56,500
    
    
    
    5,201,191
    
    
    
    5,257,691
    
    
    
    2,798,685
    
    
    Dec-91
        
    Mar-91
        
    
    7-27.5MANNING PROPERTIES
    
    
    819,995
    
    
    
    44,125
    
    
    
    1,015,703
    
    
    
    8,363
    
    
    
    44,125
    
    
    
    1,024,066
    
    
    
    1,068,191
    
    
    
    588,138
    
    
    Nov-90
        
    Nov-90
        
    
    5-27.5METTER
    
    
    1,428,416
    
    
    
    44,500
    
    
    
    1,770,511
    
    
    
    12,340
    
    
    
    45,141
    
    
    
    1,782,851
    
    
    
    1,827,992
    
    
    
    861,536
    
    
    May-93
        
    Dec-92
        
    
    5-27.5NEVADA MANOR
    
    
    632,655
    
    
    
    50,000
    
    
    
    782,543
    
    
    
    37,751
    
    
    
    50,000
    
    
    
    820,294
    
    
    
    870,294
    
    
    
    494,571
    
    
    Oct-90
        
    Nov-90
        
    
    5-27.5NEWNAN APTS.
    
    
    1,840,539
    
    
    
    92,706
    
    
    
    4,128,942
    
    
    
    (209,890
    )*
    
    
    92,705
    
    
    
    3,919,052
    
    
    
    4,011,757
    
    
    
    2,274,821
    
    
    Oct-90
        
    Dec-90
        
    
    5-27.5OATKA VILLIAGE
    
    
    898,221
    
    
    
    35,000
    
    
    
    1,151,205
    
    
    
    103,814
    
    
    
    35,000
    
    
    
    1,255,019
    
    
    
    1,290,019
    
    
    
    718,672
    
    
    Jun-90
        
    Nov-90
        
    
    5-27.5RPI #18 L.P.
    
    
    1,204,728
    
    
    
    100
    
    
    
    1,776,840
    
    
    
    123,538
    
    
    
    100
    
    
    
    1,900,378
    
    
    
    1,900,478
    
    
    
    1,053,593
    
    
    Dec-90
        
    Dec-90
        
    
    5-27.5SIERRA SPRINGS
    
    
    1,150,045
    
    
    
    52,290
    
    
    
    1,448,815
    
    
    
    79,728
    
    
    
    52,387
    
    
    
    1,528,543
    
    
    
    1,580,930
    
    
    
    521,315
    
    
    Nov-90
        
    Nov-90
        
    
    5-27.5SOUTH FORK
    
    
    1,434,526
    
    
    
    100,000
    
    
    
    1,782,527
    
    
    
    51,250
    
    
    
    100,000
    
    
    
    1,833,777
    
    
    
    1,933,777
    
    
    
    857,417
    
    
    Feb-91
        
    Feb-91
        
    
    5-27.5TWIN OAKS OF
ALLENDALE
    
    
    764,815
    
    
    
    71,305
    
    
    
    951,711
    
    
    
    (155,350
    )*
    
    
    71,305
    
    
    
    796,361
    
    
    
    867,666
    
    
    
    452,632
    
    
    Sep-90
        
    Dec-90
        
    
    5-27.5WASHINGTON
    
    
    936,221
    
    
    
    55,050
    
    
    
    1,150,878
    
    
    
    71,234
    
    
    
    55,050
    
    
    
    1,222,112
    
    
    
    1,277,162
    
    
    
    466,995
    
    
    Mar-91
        
    Jan-91
        
    
    7-40WILDRIDGE
    
    
    1,351,090
    
    
    
    156,576
    
    
    
    1,617,243
    
    
    
    52,919
    
    
    
    156,576
    
    
    
    1,670,162
    
    
    
    1,826,738
    
    
    
    943,920
    
    
    Apr-91
        
    Jan-91
        
    
    7-27.546,330,496
    
    
    
    3,101,433
    
    
    
    73,333,290
    
    
    
    3,387,189
    
    
    
    3,098,516
    
    
    
    76,720,479
    
    
    
    79,818,995
    
    
    
    38,323,568
   F-101




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 11
 Reconciliation of Land, Building & Improvements current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    75,467,308Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    44,500Improvements, etc
    
    
    862,272Other
    
    
    0$
    906,772Deductions during period:Cost of real estate sold
    
    $
    (1,343,477
    )Other
    
    
    (188,348
    )$
    (1,531,825
    )Balance at close of period  3/31/93
    
    
    
    
    
    $
    74,842,255Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    5,762,741Improvements, etc
    
    
    1,962,905Other
    
    
    0$
    7,725,646Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/94
    
    
    
    
    
    $
    82,567,901Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    1,297,882Improvements, etc
    
    
    0Other
    
    
    0$
    1,297,882Deductions during period:Cost of real estate sold
    
    
    0Other
    
    
    0$
    0Balance at close of period  3/31/95
    
    
    
    
    
    $
    83,865,783
 F-102




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 11 (Continued)
 Balance at close of period  3/31/95
    
    
    
    
    
    $
    83,865,783Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    81,256Other
    
    
    0$
    81,256Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (1,209,041
    )(1,209,041
    )Balance at close of period  3/31/96
    
    
    
    
    
    $
    82,737,998Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    125,078Other
    
    
    0$
    125,078Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/97
    
    
    
    
    
    $
    82,863,076Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    121,624Other
    
    
    0$
    121,624Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/98
    
    
    
    
    
    $
    82,984,700
 F-103




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 11 (Continued)
 Balance at close of period  3/31/98
    
    
    
    
    
    $
    82,984,700Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    178,906Other
    
    
    0$
    178,906Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/99
    
    
    
    
    
    $
    83,163,606Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    451,423Other
    
    
    0$
    451,423Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/00
    
    
    
    
    
    $
    83,615,029Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    86,609Other
    
    
    0$
    86,609Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/01
    
    
    
    
    
    $
    83,701,638
 F-104




---



##### 



Notes
to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 11 (Continued)
 Balance at close of period  3/31/01
    
    
    
    
    
    $
    83,701,638Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    229,554Other
    
    
    0$
    229,554Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/02
    
    
    
    
    
    $
    83,931,192Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    193,734Other
    
    
    0$
    193,734Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/03
    
    
    
    
    
    $
    84,124,926Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    675,426Other
    
    
    0$
    675,426Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/04
    
    
    
    
    
    $
    84,800,352
 F-105




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 11 (Continued)
 Balance at close of period  3/31/04
    
    
    
    
    
    $
    84,800,352Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    (2,516,439
    )Other
    
    
    0$
    (2,516,439
    )Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/05
    
    
    
    
    
    $
    82,283,913Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    166,333Other
    
    
    0$
    166,333Deductions during period:Cost of real estate sold
    
    $
    (2,631,251
    )Other
    
    
    0(2,631,251
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    79,818,995
 F-106




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 11 (Continued)
 Reconciliation of Accumulated Depreciation current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    2,602,158Current year expense
    
    $
    2,916,577Balance at close of period  3/31/93
    
    
    
    
    
    $
    5,518,735Current year expense
    
    $
    2,946,686Balance at close of period  3/31/94
    
    
    
    
    
    $
    8,465,421Current year expense
    
    $
    4,159,331Balance at close of period  3/31/95
    
    
    
    
    
    $
    12,624,752Current year expense
    
    $
    1,693,850Balance at close of period  3/31/96
    
    
    
    
    
    $
    14,318,602Current year expense
    
    $
    2,889,737Balance at close of period  3/31/97
    
    
    
    
    
    $
    17,208,339Current year expense
    
    $
    2,903,701Balance at close of period  3/31/98
    
    
    
    
    
    $
    20,112,040Current year expense
    
    $
    2,772,892Balance at close of period  3/31/99
    
    
    
    
    
    $
    22,884,932Current year expense
    
    $
    2,681,634Balance at close of period  3/31/00
    
    
    
    
    
    $
    25,566,566Current year expense
    
    $
    2,650,726Balance at close of period  3/31/01
    
    
    
    
    
    $
    28,217,292Current year expense
    
    $
    2,575,061Balance at close of period  3/31/02
    
    
    
    
    
    $
    30,792,353Current year expense
    
    $
    2,718,792Balance at close of period  3/31/03
    
    
    
    
    
    $
    33,511,145Current year expense
    
    $
    2,300,969Balance at close of period  3/31/04
    
    
    
    
    
    $
    35,812,114Current year expense
    
    $
    1,187,225Balance at close of period  3/31/05
    
    
    
    
    
    $
    36,999,339Current year expense
    
    $
    2,639,596Reduction for Real Estate sold
    
    $
    (1,315,367
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    38,323,568
 F-107




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 12
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedAUTUMNWOOD VILLAGE
    
    
    989,816
    
    
    
    40,777
    
    
    
    371,734
    
    
    
    903,553
    
    
    
    40,777
    
    
    
    1,275,287
    
    
    
    1,316,064
    
    
    
    654,669
    
    
    Apr-92
    
    Oct-91
    
    
    5-27.5BB&L ENTERPRISES
    
    
    507,174
    
    
    
    24,000
    
    
    
    648,985
    
    
    
    9,970
    
    
    
    24,000
    
    
    
    658,955
    
    
    
    682,955
    
    
    
    273,321
    
    
    Mar-91
    
    May-91
    
    
    5-40BOWMAN VILLAGE
    
    
    651,051
    
    
    
    17,000
    
    
    
    848,107
    
    
    
    7,315
    
    
    
    17,000
    
    
    
    855,422
    
    
    
    872,422
    
    
    
    457,039
    
    
    Oct-91
    
    Jun-91
    
    
    5-27.5BRANDYWOOD
    
    
    1,607,958
    
    
    
    86,029
    
    
    
    3,313,958
    
    
    
    122,666
    *
    
    
    86,029
    
    
    
    3,436,624
    
    
    
    3,522,653
    
    
    
    1,984,914
    
    
    Sep-91
    
    Dec-91
    
    
    5-27.5BRIARWICK
    
    
    1,182,989
    
    
    
    95,079
    
    
    
    1,587,073
    
    
    
    10,148
    
    
    
    95,079
    
    
    
    1,597,221
    
    
    
    1,692,300
    
    
    
    623,483
    
    
    Apr-91
    
    Apr-91
    
    
    5-40BUCKSPORT
    
    
    1,341,122
    
    
    
    71,500
    
    
    
    1,683,768
    
    
    
    144,746
    
    
    
    71,500
    
    
    
    1,828,514
    
    
    
    1,900,014
    
    
    
    794,572
    
    
    Aug-91
    
    Jun-91
    
    
    7-27.5BURKESVILLE
    
    
    718,662
    
    
    
    40,000
    
    
    
    897,118
    
    
    
    530
    
    
    
    40,000
    
    
    
    897,648
    
    
    
    937,648
    
    
    
    311,899
    
    
    Sep-91
    
    Jun-91
    
    
    5-27.5CANANCHE CREEK
    
    
    1,207,958
    
    
    
    66,200
    
    
    
    1,515,813
    
    
    
    61,505
    
    
    
    66,200
    
    
    
    1,577,318
    
    
    
    1,643,518
    
    
    
    510,654
    
    
    Jun-91
    
    May-91
    
    
    5-27.5CARSON VILLAGE
    
    
    637,237
    
    
    
    30,000
    
    
    
    193,264
    
    
    
    652,557
    
    
    
    30,000
    
    
    
    845,821
    
    
    
    875,821
    
    
    
    415,860
    
    
    Jun-92
    
    Oct-91
    
    
    5-27.5CLARKSON PROP
    
    
    724,487
    
    
    
    36,000
    
    
    
    932,918
    
    
    
    0
    
    
    
    36,000
    
    
    
    932,918
    
    
    
    968,918
    
    
    
    323,858
    
    
    Jul-91
    
    Jun-91
    
    
    7-27.5CLYMER HOUSE
    
    
    1,091,695
    
    
    
    20,000
    
    
    
    1,387,091
    
    
    
    147,559
    
    
    
    20,000
    
    
    
    1,534,650
    
    
    
    1,554,650
    
    
    
    682,595
    
    
    Oct-91
    
    Jun-91
    
    
    5-27.5CORCORAN INVESTMENT
    
    
    1,584,793
    
    
    
    75,000
    
    
    
    1,976,455
    
    
    
    0
    
    
    
    75,000
    
    
    
    1,976,455
    
    
    
    2,051,455
    
    
    
    641,184
    
    
    Nov-90
    
    Feb-91
    
    
    5-50CORNISH PARK
    
    
    1,423,136
    
    
    
    67,390
    
    
    
    1,761,946
    
    
    
    202,115
    
    
    
    68,500
    
    
    
    1,964,061
    
    
    
    2,032,561
    
    
    
    868,361
    
    
    Jun-91
    
    Jun-91
    
    
    5-27.5CRESCENT CITY
    
    
    2,085,223
    
    
    
    211,000
    
    
    
    2,297,055
    
    
    
    (14,590
    )*
    
    
    211,000
    
    
    
    2,282,465
    
    
    
    2,493,465
    
    
    
    767,954
    
    
    Mar-91
    
    Mar-91
    
    
    5-50DALLAS II
    
    
    1,413,266
    
    
    
    230,059
    
    
    
    3,194,199
    
    
    
    73,803
    
    
    
    230,059
    
    
    
    3,268,002
    
    
    
    3,498,061
    
    
    
    1,875,708
    
    
    Oct-90
    
    Mar-91
    
    
    7-27.5EARLIMART
    
    
    1,315,853
    
    
    
    90,000
    
    
    
    1,711,424
    
    
    
    827
    
    
    
    90,000
    
    
    
    1,712,251
    
    
    
    1,802,251
    
    
    
    553,504
    
    
    Jun-91
    
    Jun-91
    
    
    5-50EVANWOOD
    
    
    735,515
    
    
    
    36,000
    
    
    
    929,102
    
    
    
    456
    
    
    
    32,400
    
    
    
    929,558
    
    
    
    961,958
    
    
    
    360,013
    
    
    May-91
    
    Jun-91
    
    
    5-27.5FORT SMITH
    
    
    695,486
    
    
    
    87,500
    
    
    
    2,130,922
    
    
    
    0
    
    
    
    81,348
    
    
    
    2,130,922
    
    
    
    2,212,270
    
    
    
    1,008,414
    
    
    Aug-94
    
    Sep-93
    
    
    7-27.5FRANKLIN II
    
    
    1,451,996
    
    
    
    50,000
    
    
    
    1,864,100
    
    
    
    48,108
    
    
    
    50,000
    
    
    
    1,912,208
    
    
    
    1,962,208
    
    
    
    1,069,088
    
    
    Nov-90
    
    Apr-91
    
    
    7-27.5HAMILTON VILLAGE
    
    
    556,040
    
    
    
    18,943
    
    
    
    368,532
    
    
    
    346,538
    
    
    
    18,943
    
    
    
    715,070
    
    
    
    734,013
    
    
    
    372,208
    
    
    Mar-92
    
    Oct-91
    
    
    5-27.5HUNTERS PARK
    
    
    1,378,926
    
    
    
    92,750
    
    
    
    1,650,083
    
    
    
    13,889
    
    
    
    92,750
    
    
    
    1,663,972
    
    
    
    1,756,722
    
    
    
    530,120
    
    
    Apr-91
    
    May-91
    
    
    5-27.5
 F-108




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 12
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedIVAN WOODS
    
    
    2,504,813
    
    
    
    275,000
    
    
    
    4,347,328
    
    
    
    121,344
    
    
    
    275,000
    
    
    
    4,468,672
    
    
    
    4,743,672
    
    
    
    2,544,943
    
    
    Apr-91
    
    
    Feb-91
    
    
    
    5-27.5JESUP
    
    
    558,675
    
    
    
    19,375
    
    
    
    427,265
    
    
    
    392,059
    
    
    
    10,560
    
    
    
    819,324
    
    
    
    829,884
    
    
    
    423,984
    
    
    Jul-92
    
    
    Jan-91
    
    
    
    5-27.5LAKERIDGE
    
    
    896,130
    
    
    
    34,832
    
    
    
    1,103,517
    
    
    
    19,066
    
    
    
    34,832
    
    
    
    1,122,583
    
    
    
    1,157,415
    
    
    
    622,874
    
    
    Apr-91
    
    
    Mar-91
    
    
    
    5-50LAUREL VILLAGE
    
    
    646,377
    
    
    
    15,145
    
    
    
    256,421
    
    
    
    574,246
    
    
    
    15,145
    
    
    
    830,667
    
    
    
    845,812
    
    
    
    428,566
    
    
    May-92
    
    
    Oct-91
    
    
    
    5-27.5LOS CABALLOS
    
    
    699,594
    
    
    
    53,886
    
    
    
    1,006,731
    
    
    
    26,621
    
    
    
    26,943
    
    
    
    1,033,352
    
    
    
    1,060,295
    
    
    
    383,939
    
    
    Aug-91
    
    
    Jul-91
    
    
    
    5-27.5MARLBORO
    
    
    816,954
    
    
    
    26,176
    
    
    
    1,032,404
    
    
    
    34,664
    
    
    
    26,176
    
    
    
    1,067,068
    
    
    
    1,093,244
    
    
    
    603,764
    
    
    Feb-91
    
    
    Mar-91
    
    
    
    5-27.5MELVILLES
    
    
    871,296
    
    
    
    18,500
    
    
    
    1,103,074
    
    
    
    85,817
    
    
    
    18,500
    
    
    
    1,188,891
    
    
    
    1,207,391
    
    
    
    432,826
    
    
    Oct-91
    
    
    Jul-91
    
    
    
    7-40NANTY GLO
    
    
    1,443,432
    
    
    
    35,000
    
    
    
    1,869,757
    
    
    
    190,768
    
    
    
    35,000
    
    
    
    2,060,525
    
    
    
    2,095,525
    
    
    
    876,336
    
    
    Jul-91
    
    
    Jun-91
    
    
    
    5-27.5NEWNAN II
    
    
    1,840,539
    
    
    
    92,706
    
    
    
    3,868,800
    
    
    
    50,252
    
    
    
    92,706
    
    
    
    3,919,052
    
    
    
    4,011,758
    
    
    
    2,274,821
    
    
    Oct-90
    
    
    Mar-91
    
    
    
    7-27.5OAKLEIGH
    
    
    892,248
    
    
    
    57,500
    
    
    
    553,121
    
    
    
    612,814
    
    
    
    57,500
    
    
    
    1,165,935
    
    
    
    1,223,435
    
    
    
    413,307
    
    
    Mar-92
    
    
    Aug-91
    
    
    
    7-40OAKWOOD
    
    
    882,362
    
    
    
    52,000
    
    
    
    782,736
    
    
    
    390,973
    
    
    
    52,000
    
    
    
    1,173,709
    
    
    
    1,225,709
    
    
    
    424,242
    
    
    Jan-92
    
    
    Aug-91
    
    
    
    7-40PARKWOOD
    
    
    2,621,179
    
    
    
    316,667
    
    
    
    4,358,381
    
    
    
    15,610
    
    
    
    316,667
    
    
    
    4,373,991
    
    
    
    4,690,658
    
    
    
    2,433,224
    
    
    May-91
    
    
    Mar-91
    
    
    
    5-27.5PORTALES ESTATES
    
    
    1,407,955
    
    
    
    66,500
    
    
    
    1,777,470
    
    
    
    82,738
    
    
    
    66,500
    
    
    
    1,860,208
    
    
    
    1,926,708
    
    
    
    1,029,488
    
    
    Jul-91
    
    
    Jul-91
    
    
    
    5-27.5PRAIRIE WEST
    
    
    456,160
    
    
    
    65,000
    
    
    
    983,964
    
    
    
    46,656
    
    
    
    75,906
    
    
    
    1,030,620
    
    
    
    1,106,526
    
    
    
    580,547
    
    
    Sep-95
    
    
    Mar-91
    
    
    
    5-27.5RIDGEWAY COURT
    
    
    883,548
    
    
    
    48,500
    
    
    
    1,039,377
    
    
    
    28,498
    
    
    
    48,500
    
    
    
    1,067,875
    
    
    
    1,116,375
    
    
    
    578,308
    
    
    Jan-91
    
    
    Apr-91
    
    
    
    5-27.5ROCKMOOR
    
    
    549,900
    
    
    
    30,000
    
    
    
    521,541
    
    
    
    153,533
    
    
    
    30,000
    
    
    
    675,074
    
    
    
    705,074
    
    
    
    243,543
    
    
    Mar-91
    
    
    May-91
    
    
    
    5-27.5RPI #22
    
    
    521,049
    
    
    
    0
    
    
    
    1,177,719
    
    
    
    30,883
    
    
    
    0
    
    
    
    1,208,602
    
    
    
    1,208,602
    
    
    
    647,650
    
    
    Jul-91
    
    
    Jun-91
    
    
    
    7-27.5SHAWNEE RIDGE
    
    
    652,398
    
    
    
    53,650
    
    
    
    801,129
    
    
    
    21,058
    
    
    
    53,650
    
    
    
    822,187
    
    
    
    875,837
    
    
    
    266,814
    
    
    May-91
    
    
    May-91
    
    
    
    5-27.5
 F-109




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 12
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    
    Date
    
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    
    Acquired
    
    
    is ComputedSPRINGFIELD
    
    
    3,977,639
    
    
    
    775,955
    
    
    
    9,620,653
    
    
    
    (223,219
    )
    
    
    775,955
    
    
    
    9,397,434
    
    
    
    10,173,389
    
    
    
    4,902,412
    
    
    Jun-91
    
    
    Jul-91
    
    
    
    5-27.5TURNER LANE
    
    
    705,579
    
    
    
    31,530
    
    
    
    882,974
    
    
    
    2,340
    
    
    
    31,530
    
    
    
    885,314
    
    
    
    916,844
    
    
    
    483,107
    
    
    Jul-91
    
    
    May-91
    
    
    
    7-27.5UNION BAPTIST
    
    
    356,735
    
    
    
    0
    
    
    
    1,151,557
    
    
    
    (401,966
    )
    
    
    30,000
    
    
    
    749,591
    
    
    
    779,591
    
    
    
    431,990
    
    
    Apr-91
    
    
    May-91
    
    
    
    5-27.5VILLAS LAKERIDGE
    
    
    520,110
    
    
    
    47,952
    
    
    
    605,356
    
    
    
    2,919
    
    
    
    47,952
    
    
    
    608,275
    
    
    
    656,227
    
    
    
    334,453
    
    
    Mar-91
    
    
    Mar-91
    
    
    
    5-27.5WAYNESBORO
    
    
    1,341,552
    
    
    
    50,000
    
    
    
    1,455,507
    
    
    
    131,092
    
    
    
    50,000
    
    
    
    1,586,599
    
    
    
    1,636,599
    
    
    
    841,982
    
    
    Jan-91
    
    
    Apr-91
    
    
    
    5-27.5WINDSOR II
    
    
    780,413
    
    
    
    51,178
    
    
    
    887,455
    
    
    
    13,775
    
    
    
    51,178
    
    
    
    901,230
    
    
    
    952,408
    
    
    
    519,299
    
    
    Nov-90
    
    
    Apr-91
    
    
    
    7-27.5WOODCREST
    
    
    693,344
    
    
    
    42,000
    
    
    
    883,702
    
    
    
    44,722
    
    
    
    42,000
    
    
    
    928,424
    
    
    
    970,424
    
    
    
    339,961
    
    
    Nov-91
    
    
    Jun-91
    
    
    
    7-40WOODSIDE
    
    
    1,128,928
    
    
    
    19,383
    
    
    
    1,378,829
    
    
    
    (39,463
    )
    
    
    145,555
    
    
    
    1,339,366
    
    
    
    1,484,921
    
    
    
    886,814
    
    
    Mar-91
    
    
    Apr-91
    
    
    
    5/4051,949,292
    
    
    
    3,763,662
    
    
    
    75,140,415
    
    
    
    5,139,495
    
    
    
    3,886,340
    
    
    
    80,279,910
    
    
    
    84,166,250
    
    
    
    39,028,612
   F-110




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 12
 Reconciliation of Land, Building & Improvements current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    79,690,665Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    9,428,122Improvements, etc
    
    
    7,164,766Other
    
    
    0$
    16,592,888Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/93
    
    
    
    
    
    $
    96,283,553Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    901,206Improvements, etc
    
    
    16,586,367Other
    
    
    0$
    17,487,573Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/94
    
    
    
    
    
    $
    113,771,126Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    2,226,528Other
    
    
    0$
    2,226,528Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/95
    
    
    
    
    
    $
    115,997,654
 F-111




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 12 (Continued)
 Balance at close of period  3/31/95
    
    
    
    
    
    $
    115,997,654Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    231,724Other
    
    
    0$
    231,724Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/96
    
    
    
    
    
    $
    116,229,378Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    67,052Other
    
    
    0$
    67,052Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/97
    
    
    
    
    
    $
    116,296,430Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    141,479Other
    
    
    0$
    141,479Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/98
    
    
    
    
    
    $
    116,437,909
 F-112




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 12 (Continued)
 Balance at close of period  3/31/98
    
    
    
    
    
    $
    116,437,909Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    144,694Other
    
    
    0$
    144,694Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/99
    
    
    
    
    
    $
    116,582,603Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    (292,387
    )Other
    
    
    0$
    (292,387
    )Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/00
    
    
    
    
    
    $
    116,290,215Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    (743,691
    )Other
    
    
    0$
    (743,691
    )Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/01
    
    
    
    
    
    $
    115,546,524
 F-113




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 12 (Continued)
 Balance at close of period  3/31/01
    
    
    
    
    
    $
    115,546,524Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    538,950Other
    
    
    0$
    538,950Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/02
    
    
    
    
    
    $
    116,085,474Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    358,807Other
    
    
    0$
    358,807Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/03
    
    
    
    
    
    $
    116,444,281Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    307,719Other
    
    
    0$
    307,719Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/04
    
    
    
    
    
    $
    116,752,000
 F-114




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 12 (Continued)
 Balance at close of period  3/31/04
    
    
    
    
    
    $
    116,752,000Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    353,955Other
    
    
    0$
    353,955Deductions during period:Cost of real estate sold
    
    $
    (27,532,045
    )Other
    
    
    0(27,532,045
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    89,573,910Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    287,240Other
    
    
    0$
    287,240Deductions during period:Cost of real estate sold
    
    $
    (5,694,900
    )Other
    
    
    0(5,694,900
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    84,166,250
 F-115




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 12 (Continued)
 Reconciliation of Accumulated Depreciation current year changes
 Balance at
beginning of period  4/1/92
    
    
    
    
    
    $
    2,036,741Current year expense
    
    $
    3,141,623Balance at
close of period  3/31/93
    
    
    
    
    
    $
    5,178,364Current year expense
    
    $
    3,409,630Balance at
close of period  3/31/94
    
    
    
    
    
    $
    8,587,994Current year expense
    
    $
    4,171,394Balance at
close of period  3/31/95
    
    
    
    
    
    $
    12,759,388Current year expense
    
    $
    4,116,629Balance at
close of period  3/31/96
    
    
    
    
    
    $
    16,876,017Current year expense
    
    $
    3,687,191Balance at
close of period  3/31/97
    
    
    
    
    
    $
    20,563,208Current year expense
    
    $
    3,611,359Balance at
close of period  3/31/98
    
    
    
    
    
    $
    24,174,567Current year expense
    
    $
    3,513,077Balance at
close of period  3/31/99
    
    
    
    
    
    $
    27,687,644Current year expense
    
    $
    3,220,274Balance at
close of period  3/31/00
    
    
    
    
    
    $
    30,907,918Current year expense
    
    $
    2,820,392Balance at
close of period  3/31/01
    
    
    
    
    
    $
    33,728,310Current year expense
    
    $
    3,371,448Balance at
close of period  3/31/02
    
    
    
    
    
    $
    37,099,758Current year expense
    
    $
    3,327,140Balance at
close of period  3/31/03
    
    
    
    
    
    $
    40,426,898Current year expense
    
    $
    3,392,354Balance at
close of period  3/31/04
    
    
    
    
    
    $
    43,819,252Current year expense
    
    $
    2,700,902Reduction of Real Estate sold
    
    $
    (7,417,658
    )Balance at
close of period  3/31/05
    
    
    
    
    
    $
    39,102,496Current year expense
    
    $
    2,633,367Reduction of Real Estate sold
    
    $
    (2,707,251
    )Balance at
close of period  3/31/06
    
    
    
    
    
    $
    39,028,612
 F-116




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 14
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedADA VILLAGE
    
    
    989,327
    
    
    
    125,997
    
    
    
    1,201,080
    
    
    
    8,041
    
    
    
    125,997
    
    
    
    1,209,121
    
    
    
    1,335,118
    
    
    
    517,721
    
    
    Nov-93
    
    Jan-93
    
    
    5-30AMHERST
    
    
    1,551,147
    
    
    
    60,000
    
    
    
    1,920,734
    
    
    
    22,818
    
    
    
    60,000
    
    
    
    1,943,552
    
    
    
    2,003,552
    
    
    
    1,006,542
    
    
    Jan-92
    
    Jan-92
    
    
    7-27.5BECKWOOD MANOR
    
    
    1,236,031
    
    
    
    35,000
    
    
    
    1,569,743
    
    
    
    49,758
    
    
    
    35,000
    
    
    
    1,619,501
    
    
    
    1,654,501
    
    
    
    835,978
    
    
    Oct-92
    
    May-92
    
    
    5-27.5BELMONT VILLAGE
    
    
    904,690
    
    
    
    64,312
    
    
    
    1,073,695
    
    
    
    67,320
    
    
    
    64,312
    
    
    
    1,141,015
    
    
    
    1,205,327
    
    
    
    443,363
    
    
    Dec-91
    
    Jan-92
    
    
    7-27.5BETHEL PARK
    
    
    1,454,373
    
    
    
    265,800
    
    
    
    1,310,374
    
    
    
    547,781
    
    
    
    117,500
    
    
    
    1,858,155
    
    
    
    1,975,655
    
    
    
    745,009
    
    
    Mar-92
    
    Dec-91
    
    
    5-40BLANCHARD VILLAGE
    
    
    209,006
    
    
    
    42,000
    
    
    
    727,225
    
    
    
    (466,984
    )
    
    
    23,726
    
    
    
    260,241
    
    
    
    283,967
    
    
    
    121,422
    
    
    Sep-91
    
    Oct-91
    
    
    7-40BLANCHARD SENIOR
    
    
    583,254
    
    
    
    42,000
    
    
    
    730,704
    
    
    
    33,871
    
    
    
    42,000
    
    
    
    764,575
    
    
    
    806,575
    
    
    
    267,948
    
    
    Jul-93
    
    Jan-93
    
    
    5-30BRANTWOOD
    
    
    1,118,266
    
    
    
    55,500
    
    
    
    1,382,381
    
    
    
    53,279
    
    
    
    55,500
    
    
    
    1,435,660
    
    
    
    1,491,160
    
    
    
    760,490
    
    
    Sep-91
    
    Jul-91
    
    
    7-27.5BRECKENRIDGE
    
    
    847,589
    
    
    
    21,500
    
    
    
    1,181,178
    
    
    
    (250
    )
    
    
    21,500
    
    
    
    1,180,928
    
    
    
    1,202,428
    
    
    
    474,613
    
    
    Mar-92
    
    Jan-92
    
    
    7-27.5BRIARWOOD II
    
    
    1,456,326
    
    
    
    90,000
    
    
    
    1,785,580
    
    
    
    (191,603
    )
    
    
    90,000
    
    
    
    1,593,977
    
    
    
    1,683,977
    
    
    
    796,769
    
    
    Apr-92
    
    Feb-92
    
    
    7-27.5BRIDGE COALITION
    
    
    0
    
    
    
    0
    
    
    
    695,990
    
    
    
    182,124
    
    
    
    0
    
    
    
    878,114
    
    
    
    878,114
    
    
    
    407,225
    
    
    Dec-91
    
    Jan-92
    
    
    27.5BUCHANAN
    
    
    708,824
    
    
    
    63,275
    
    
    
    833,561
    
    
    
    35,252
    
    
    
    63,275
    
    
    
    868,813
    
    
    
    932,088
    
    
    
    503,917
    
    
    Oct-90
    
    Jul-91
    
    
    7-27.5CAPITAL HOUSING
    
    
    1,273,761
    
    
    
    178,000
    
    
    
    3,131,389
    
    
    
    82,880
    
    
    
    178,000
    
    
    
    3,214,269
    
    
    
    3,392,269
    
    
    
    1,728,859
    
    
    Jan-91
    
    Aug-91
    
    
    7-27.5CAPITOL ONE
    
    
    678,570
    
    
    
    35,000
    
    
    
    883,508
    
    
    
    470
    
    
    
    35,000
    
    
    
    883,978
    
    
    
    918,978
    
    
    
    382,095
    
    
    Aug-95
    
    Mar-95
    
    
    5-27.5CARLETON COURT
    
    
    2,944,870
    
    
    
    94,360
    
    
    
    3,954,231
    
    
    
    185,553
    
    
    
    94,360
    
    
    
    4,139,784
    
    
    
    4,234,144
    
    
    
    1,573,656
    
    
    Dec-91
    
    Dec-91
    
    
    7-34CARRIAGE RUN
    
    
    1,270,315
    
    
    
    83,980
    
    
    
    1,046,960
    
    
    
    567,305
    
    
    
    83,980
    
    
    
    1,614,265
    
    
    
    1,698,245
    
    
    
    841,322
    
    
    Apr-92
    
    Oct-91
    
    
    7-27.5CEDARWOOD
    
    
    1,382,080
    
    
    
    61,698
    
    
    
    1,477,659
    
    
    
    234,950
    
    
    
    61,698
    
    
    
    1,712,609
    
    
    
    1,774,307
    
    
    
    548,797
    
    
    Jan-92
    
    Oct-91
    
    
    7-27.5CENTRAL VALLEY
    
    
    1,780,620
    
    
    
    141,353
    
    
    
    2,170,282
    
    
    
    0
    
    
    
    141,353
    
    
    
    2,170,282
    
    
    
    2,311,635
    
    
    
    661,554
    
    
    Dec-91
    
    Jan-92
    
    
    5-50CHAPARRAL
    
    
    680,340
    
    
    
    38,972
    
    
    
    863,939
    
    
    
    3,510
    
    
    
    38,972
    
    
    
    867,449
    
    
    
    906,421
    
    
    
    270,002
    
    
    Jul-91
    
    Aug-91
    
    
    7-50COLLEGE GREEN
    
    
    4,050,000
    
    
    
    225,000
    
    
    
    6,774,847
    
    
    
    117,242
    
    
    
    225,000
    
    
    
    6,892,089
    
    
    
    7,117,089
    
    
    
    2,834,977
    
    
    Aug-95
    
    Mar-95
    
    
    5-27.5COLORADO CITY
    
    
    530,640
    
    
    
    30,000
    
    
    
    608,138
    
    
    
    49,956
    
    
    
    30,000
    
    
    
    658,094
    
    
    
    688,094
    
    
    
    236,389
    
    
    Oct-91
    
    Oct-91
    
    
    7-40
 F-117




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 14
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedCOTTONWOOD
    
    
    640,432
    
    
    
    40,000
    
    
    
    775,242
    
    
    
    133,957
    
    
    
    40,000
    
    
    
    909,199
    
    
    
    949,199
    
    
    
    305,241
    
    
    Jul-91
    
    Oct-91
    
    
    7-40CRYSTAL SPRINGS
    
    
    1,271,475
    
    
    
    60,000
    
    
    
    1,574,032
    
    
    
    72,163
    
    
    
    60,000
    
    
    
    1,646,195
    
    
    
    1,706,195
    
    
    
    643,150
    
    
    Jan-92
    
    Jan-92
    
    
    7-27.5DAVIS VILLAGE
    
    
    1,117,807
    
    
    
    55,000
    
    
    
    1,456,778
    
    
    
    29,229
    
    
    
    55,000
    
    
    
    1,486,007
    
    
    
    1,541,007
    
    
    
    632,800
    
    
    Sep-93
    
    Jan-93
    
    
    5-30DERBY HOUSING
    
    
    1,395,244
    
    
    
    165,000
    
    
    
    3,451,914
    
    
    
    59,393
    
    
    
    165,000
    
    
    
    3,511,307
    
    
    
    3,676,307
    
    
    
    1,895,352
    
    
    Sep-91
    
    Jun-91
    
    
    7-27.5DEVENWOOD
    
    
    850,152
    
    
    
    76,000
    
    
    
    1,215,772
    
    
    
    4,653
    
    
    
    76,000
    
    
    
    1,220,425
    
    
    
    1,296,425
    
    
    
    635,249
    
    
    Jan-93
    
    Jul-92
    
    
    N/ADUNCAN VILLAGE
    
    
    1,070,654
    
    
    
    83,875
    
    
    
    1,391,226
    
    
    
    59,893
    
    
    
    83,875
    
    
    
    1,451,119
    
    
    
    1,534,994
    
    
    
    600,449
    
    
    Nov-93
    
    Jan-93
    
    
    5-30EDISON VILLAGE
    
    
    1,165,116
    
    
    
    46,536
    
    
    
    1,425,180
    
    
    
    50,223
    
    
    
    46,536
    
    
    
    1,475,403
    
    
    
    1,521,939
    
    
    
    772,419
    
    
    Feb-92
    
    Jul-91
    
    
    7-27.5EXCELSIOR
    
    
    609,214
    
    
    
    70,000
    
    
    
    704,252
    
    
    
    118,939
    
    
    
    70,000
    
    
    
    823,191
    
    
    
    893,191
    
    
    
    466,317
    
    
    Apr-91
    
    Feb-92
    
    
    7-27.5FOUR OAKS HOUSING
    
    
    872,258
    
    
    
    48,000
    
    
    
    1,063,004
    
    
    
    21,940
    
    
    
    73,083
    
    
    
    1,084,944
    
    
    
    1,158,027
    
    
    
    543,481
    
    
    Jun-92
    
    Mar-92
    
    
    7-27.5FRANKLIN VISTA
    
    
    906,700
    
    
    
    49,520
    
    
    
    1,130,261
    
    
    
    105,517
    
    
    
    49,520
    
    
    
    1,235,778
    
    
    
    1,285,298
    
    
    
    220,143
    
    
    Apr-92
    
    Jan-92
    
    
    7-27.5FRIENDSHIP
    
    
    1,408,490
    
    
    
    195,314
    
    
    
    1,639,123
    
    
    
    196,252
    
    
    
    213,230
    
    
    
    1,835,375
    
    
    
    2,048,605
    
    
    
    1,163,076
    
    
    Jun-91
    
    Jan-92
    
    
    7-27.5HARRISON CITY
    
    
    1,446,683
    
    
    
    35,521
    
    
    
    1,792,881
    
    
    
    122,271
    
    
    
    35,521
    
    
    
    1,915,152
    
    
    
    1,950,673
    
    
    
    985,665
    
    
    Sep-92
    
    Jul-92
    
    
    7-27.5HESSMER
    
    
    887,541
    
    
    
    35,000
    
    
    
    380,289
    
    
    
    830,169
    
    
    
    35,000
    
    
    
    1,210,458
    
    
    
    1,245,458
    
    
    
    427,196
    
    
    Apr-92
    
    Dec-91
    
    
    7-40HILLMONT VILLAGE
    
    
    863,111
    
    
    
    38,000
    
    
    
    911,697
    
    
    
    188,457
    
    
    
    38,000
    
    
    
    1,100,154
    
    
    
    1,138,154
    
    
    
    566,413
    
    
    Jan-92
    
    Sep-91
    
    
    7-27.5HUGHES SPRINGS
    
    
    770,646
    
    
    
    35,000
    
    
    
    947,230
    
    
    
    46,438
    
    
    
    35,000
    
    
    
    993,668
    
    
    
    1,028,668
    
    
    
    342,091
    
    
    Aug-91
    
    Oct-91
    
    
    7-40HUNTERS RUN
    
    
    1,411,509
    
    
    
    120,000
    
    
    
    1,169,479
    
    
    
    570,674
    
    
    
    120,000
    
    
    
    1,740,153
    
    
    
    1,860,153
    
    
    
    911,328
    
    
    Feb-92
    
    Dec-91
    
    
    7-27.5JARRATT
    
    
    810,361
    
    
    
    55,926
    
    
    
    1,028,925
    
    
    
    (36,416
    )
    
    
    56,534
    
    
    
    992,509
    
    
    
    1,049,043
    
    
    
    518,148
    
    
    Dec-91
    
    Oct-91
    
    
    7-27.5
 F-118




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 14
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedKILMARNOCK
    
    
    810,197
    
    
    
    44,000
    
    
    
    969,309
    
    
    
    1,300
    
    
    
    44,000
    
    
    
    970,609
    
    
    
    1,014,609
    
    
    
    530,041
    
    
    Apr-91
    
    Jul-91
    
    
    7-27.5KING FISHER
    
    
    152,794
    
    
    
    21,000
    
    
    
    198,768
    
    
    
    8,969
    
    
    
    21,000
    
    
    
    207,737
    
    
    
    228,737
    
    
    
    91,917
    
    
    Dec-93
    
    Jan-93
    
    
    5-30LA GAMA DEL BARIO
    
    
    649,699
    
    
    
    110,000
    
    
    
    1,020,084
    
    
    
    52,290
    
    
    
    110,000
    
    
    
    1,072,374
    
    
    
    1,182,374
    
    
    
    515,303
    
    
    Aug-92
    
    Jun-92
    
    
    7-27.5LAKE ISABELLA
    
    
    1,951,645
    
    
    
    360,000
    
    
    
    2,036,815
    
    
    
    229,471
    
    
    
    360,000
    
    
    
    2,266,286
    
    
    
    2,626,286
    
    
    
    699,435
    
    
    Jan-92
    
    Sep-91
    
    
    5-50LAKEVIEW MEADOWS
    
    
    1,469,405
    
    
    
    99,580
    
    
    
    2,665,491
    
    
    
    58,263
    
    
    
    99,580
    
    
    
    2,723,754
    
    
    
    2,823,334
    
    
    
    1,500,986
    
    
    Jun-92
    
    Jan-92
    
    
    12-40LAKEWOOD TERRACE
    
    
    3,204,072
    
    
    
    124,707
    
    
    
    2,257,609
    
    
    
    4,634,302
    
    
    
    124,707
    
    
    
    6,891,911
    
    
    
    7,016,618
    
    
    
    3,390,097
    
    
    Aug-89
    
    Nov-93
    
    
    5-27.5LEXINGTON PARK
    
    
    5,207,314
    
    
    
    500,000
    
    
    
    7,754,757
    
    
    
    247,154
    
    
    
    500,000
    
    
    
    8,001,911
    
    
    
    8,501,911
    
    
    
    2,852,016
    
    
    Dec-93
    
    Nov-91
    
    
    7-27.5LEXINGTON VILLAGE
    
    
    200,165
    
    
    
    23,814
    
    
    
    246,703
    
    
    
    0
    
    
    
    23,814
    
    
    
    246,703
    
    
    
    270,517
    
    
    
    116,123
    
    
    Nov-93
    
    Jan-93
    
    
    5-30LONACONING
    
    
    1,450,346
    
    
    
    113,305
    
    
    
    181,203
    
    
    
    1,559,859
    
    
    
    113,305
    
    
    
    1,741,062
    
    
    
    1,854,367
    
    
    
    608,664
    
    
    Sep-92
    
    Dec-91
    
    
    5-27.5LOUIS ASSOCIATES
    
    
    748,731
    
    
    
    13,720
    
    
    
    1,038,651
    
    
    
    61,307
    
    
    
    13,720
    
    
    
    1,099,958
    
    
    
    1,113,678
    
    
    
    463,141
    
    
    Jan-92
    
    Mar-92
    
    
    7-27.5MAIDU
    
    
    1,680,774
    
    
    
    56,500
    
    
    
    5,108,838
    
    
    
    92,353
    
    
    
    56,500
    
    
    
    5,201,191
    
    
    
    5,257,691
    
    
    
    2,798,685
    
    
    Dec-91
    
    Jan-92
    
    
    7-27.5MARION MANOR
    
    
    978,112
    
    
    
    50,000
    
    
    
    1,237,671
    
    
    
    76,759
    
    
    
    50,000
    
    
    
    1,314,430
    
    
    
    1,364,430
    
    
    
    447,320
    
    
    Jun-92
    
    Feb-92
    
    
    7-27.5MAYSVILLE VILLAGE
    
    
    207,875
    
    
    
    25,920
    
    
    
    255,681
    
    
    
    0
    
    
    
    25,920
    
    
    
    255,681
    
    
    
    281,601
    
    
    
    120,506
    
    
    Oct-93
    
    Jan-93
    
    
    5-30MCCOMB FAMILY
    
    
    984,742
    
    
    
    30,000
    
    
    
    1,226,748
    
    
    
    53,157
    
    
    
    30,000
    
    
    
    1,279,905
    
    
    
    1,309,905
    
    
    
    550,040
    
    
    Oct-91
    
    Oct-91
    
    
    7-27.5MONTAGUE
    
    
    1,113,509
    
    
    
    0
    
    
    
    1,493,360
    
    
    
    120,671
    
    
    
    22,223
    
    
    
    1,614,031
    
    
    
    1,636,254
    
    
    
    778,979
    
    
    Dec-91
    
    Dec-91
    
    
    5-30NAVAPAI
    
    
    862,952
    
    
    
    53,480
    
    
    
    1,073,287
    
    
    
    25,572
    
    
    
    53,480
    
    
    
    1,098,859
    
    
    
    1,152,339
    
    
    
    372,119
    
    
    Apr-91
    
    Jun-91
    
    
    7-50NEVADA CITY
    
    
    3,470,077
    
    
    
    492,000
    
    
    
    3,954,179
    
    
    
    135,550
    
    
    
    492,000
    
    
    
    4,089,729
    
    
    
    4,581,729
    
    
    
    1,224,632
    
    
    Oct-91
    
    Jan-92
    
    
    5-27.5NEW RIVER
    
    
    1,450,724
    
    
    
    46,400
    
    
    
    1,279,522
    
    
    
    544,807
    
    
    
    46,400
    
    
    
    1,824,329
    
    
    
    1,870,729
    
    
    
    685,821
    
    
    Feb-92
    
    Aug-91
    
    
    7-27.5NEWELLTON
    
    
    906,964
    
    
    
    57,600
    
    
    
    1,161,263
    
    
    
    54,158
    
    
    
    57,600
    
    
    
    1,215,421
    
    
    
    1,273,021
    
    
    
    432,726
    
    
    Apr-92
    
    Feb-92
    
    
    7-40OAKLAND VILLAGE
    
    
    832,506
    
    
    
    38,400
    
    
    
    1,021,589
    
    
    
    2,351
    
    
    
    58,014
    
    
    
    1,023,940
    
    
    
    1,081,954
    
    
    
    509,115
    
    
    Aug-92
    
    May-92
    
    
    7-27.5OKEMAH VILLAGE
    
    
    660,532
    
    
    
    27,752
    
    
    
    872,256
    
    
    
    25,642
    
    
    
    27,752
    
    
    
    897,898
    
    
    
    925,650
    
    
    
    382,870
    
    
    May-93
    
    Jan-93
    
    
    7-27.5
 F-119




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 14
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedPARKWOOD
    
    
    2,621,179
    
    
    
    316,667
    
    
    
    4,358,381
    
    
    
    15,610
    
    
    
    316,667
    
    
    
    4,373,991
    
    
    
    4,690,658
    
    
    
    2,433,224
    
    
    May-91
    
    Oct-91
    
    
    7-27.5PINERIDGE
    
    
    948,990
    
    
    
    31,500
    
    
    
    494,515
    
    
    
    783,528
    
    
    
    31,500
    
    
    
    1,278,043
    
    
    
    1,309,543
    
    
    
    400,209
    
    
    Mar-92
    
    Oct-91
    
    
    7-27.5PITTSFIELD PARK
    
    
    1,022,345
    
    
    
    204,900
    
    
    
    781,557
    
    
    
    681,795
    
    
    
    58,000
    
    
    
    1,463,352
    
    
    
    1,521,352
    
    
    
    624,852
    
    
    Jun-92
    
    Dec-91
    
    
    5-30PORTVILLE SQUARE
    
    
    871,095
    
    
    
    66,206
    
    
    
    1,068,007
    
    
    
    77,279
    
    
    
    66,206
    
    
    
    1,145,286
    
    
    
    1,211,492
    
    
    
    434,064
    
    
    Mar-92
    
    Mar-92
    
    
    7-27.5PRAGUE VILLAGE
    
    
    96,389
    
    
    
    10,500
    
    
    
    157,060
    
    
    
    0
    
    
    
    10,500
    
    
    
    157,060
    
    
    
    167,560
    
    
    
    75,935
    
    
    Mar-93
    
    Jan-93
    
    
    7-27.5RAINIER MANOR
    
    
    3,544,759
    
    
    
    521,000
    
    
    
    5,852,852
    
    
    
    122,482
    
    
    
    521,000
    
    
    
    5,975,334
    
    
    
    6,496,334
    
    
    
    2,203,123
    
    
    Jan-93
    
    Mar-92
    
    
    7-27.5ROSEWOOD MANOR
    
    
    1,408,189
    
    
    
    175,000
    
    
    
    1,605,480
    
    
    
    15,384
    
    
    
    175,000
    
    
    
    1,620,864
    
    
    
    1,795,864
    
    
    
    859,135
    
    
    Nov-91
    
    Dec-91
    
    
    7-27.5SAN JACINTO
    
    
    2,320,773
    
    
    
    288,000
    
    
    
    2,694,130
    
    
    
    105,463
    
    
    
    288,000
    
    
    
    2,799,593
    
    
    
    3,087,593
    
    
    
    887,196
    
    
    Oct-91
    
    Jan-92
    
    
    5-50SCHROON LAKE
    
    
    1,005,974
    
    
    
    78,000
    
    
    
    1,318,831
    
    
    
    71,387
    
    
    
    78,000
    
    
    
    1,390,218
    
    
    
    1,468,218
    
    
    
    675,451
    
    
    Jan-92
    
    Nov-91
    
    
    5-50SCOTT PARTNERS
    
    
    1,009,695
    
    
    
    60,000
    
    
    
    1,171,445
    
    
    
    785,911
    
    
    
    60,000
    
    
    
    1,957,356
    
    
    
    2,017,356
    
    
    
    866,366
    
    
    Nov-91
    
    Oct-91
    
    
    7-27.5SIOUX FALLS
    
    
    865,905
    
    
    
    82,406
    
    
    
    2,233,596
    
    
    
    45,159
    
    
    
    82,406
    
    
    
    2,278,755
    
    
    
    2,361,161
    
    
    
    1,236,178
    
    
    Oct-91
    
    Nov-91
    
    
    7-27.5SMITHVILLE
    
    
    1,217,100
    
    
    
    79,790
    
    
    
    1,465,210
    
    
    
    120,251
    
    
    
    79,790
    
    
    
    1,585,461
    
    
    
    1,665,251
    
    
    
    911,794
    
    
    May-91
    
    Feb-92
    
    
    7-27.5SOUTH FULTON
    
    
    652,021
    
    
    
    34,000
    
    
    
    794,896
    
    
    
    21,948
    
    
    
    34,000
    
    
    
    816,844
    
    
    
    850,844
    
    
    
    341,654
    
    
    Aug-91
    
    Oct-91
    
    
    7-27.5STANDARDVILLE
    
    
    571,951
    
    
    
    29,500
    
    
    
    691,006
    
    
    
    7,200
    
    
    
    29,500
    
    
    
    698,206
    
    
    
    727,706
    
    
    
    266,665
    
    
    Nov-91
    
    Apr-92
    
    
    5-40ST BARNABAS
    
    
    1,143,890
    
    
    
    43,335
    
    
    
    1,520,445
    
    
    
    50,056
    
    
    
    43,335
    
    
    
    1,570,501
    
    
    
    1,613,836
    
    
    
    472,525
    
    
    Dec-91
    
    Oct-91
    
    
    7-27.5SUMMERLANE
    
    
    855,629
    
    
    
    48,700
    
    
    
    1,010,651
    
    
    
    (1
    )
    
    
    48,700
    
    
    
    1,010,650
    
    
    
    1,059,350
    
    
    
    536,962
    
    
    Nov-91
    
    Jul-91
    
    
    7-27.5TIONESTA MANOR
    
    
    1,395,167
    
    
    
    229,850
    
    
    
    1,666,675
    
    
    
    134,190
    
    
    
    229,850
    
    
    
    1,800,865
    
    
    
    2,030,715
    
    
    
    978,104
    
    
    Jan-92
    
    Feb-92
    
    
    7-27.5
 F-120




---



##### 



Boston Capital Tax Credit Fund II Limited Partnership  Series 14
 Schedule III  Real Estate and Accumulated Depreciation
March 31, 2006
 CostCapitalizedSubsequent to
    
    
    Gross Amount at Which CarriedInitial Cost to Company
    
    
    Acquisition
    
    
    at Close of Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on WhichBuildings and
    
    
    
    
    
    
    
    
    
    
    Buildings and
    
    
    
    
    
    
    Accumulated
    
    
    Date of
    
    Date
    
    DepreciationDescription
    
    Encumbrances
    
    
    Land
    
    
    Improvements
    
    
    Improvements
    
    
    Land
    
    
    Improvements
    
    
    Total
    
    
    Depreciation
    
    
    Construction
    
    Acquired
    
    is ComputedTITUSVILLE
    
    
    1,210,205
    
    
    
    85,280
    
    
    
    1,235,975
    
    
    
    254,538
    
    
    
    85,280
    
    
    
    1,490,513
    
    
    
    1,575,793
    
    
    
    782,798
    
    
    Jan-92
    
    Dec-91
    
    
    7-27.5TOANO III
    
    
    693,226
    
    
    
    56,266
    
    
    
    874,381
    
    
    
    5,760
    
    
    
    56,266
    
    
    
    880,141
    
    
    
    936,407
    
    
    
    487,341
    
    
    Jul-91
    
    Jul-91
    
    
    7-27.5TOPSHAM
    
    
    1,102,525
    
    
    
    135,552
    
    
    
    1,458,644
    
    
    
    33,583
    
    
    
    135,552
    
    
    
    1,492,227
    
    
    
    1,627,779
    
    
    
    538,614
    
    
    Aug-92
    
    Nov-91
    
    
    10-40TYRONE HOUSING
    
    
    1,448,658
    
    
    
    138,700
    
    
    
    1,850,252
    
    
    
    200,223
    
    
    
    49,050
    
    
    
    2,050,475
    
    
    
    2,099,525
    
    
    
    811,907
    
    
    Jan-92
    
    Dec-91
    
    
    5-40VICTORIA
    
    
    1,323,794
    
    
    
    12,500
    
    
    
    1,733,581
    
    
    
    24,607
    
    
    
    12,500
    
    
    
    1,758,188
    
    
    
    1,770,688
    
    
    
    904,342
    
    
    Jun-92
    
    Jan-92
    
    
    5-27.5VILLAGE TERRACE
    
    
    637,327
    
    
    
    63,000
    
    
    
    1,529,691
    
    
    
    800
    
    
    
    63,000
    
    
    
    1,530,491
    
    
    
    1,593,491
    
    
    
    814,555
    
    
    Sep-91
    
    May-92
    
    
    5-40WASHINGTON
    
    
    1,118,904
    
    
    
    72,396
    
    
    
    1,494,696
    
    
    
    59,210
    
    
    
    72,396
    
    
    
    1,553,906
    
    
    
    1,626,302
    
    
    
    816,486
    
    
    Aug-91
    
    Jul-91
    
    
    7-27WESLEY VILLAGE
    
    
    1,279,747
    
    
    
    44,750
    
    
    
    347,831
    
    
    
    1,267,566
    
    
    
    44,750
    
    
    
    1,615,397
    
    
    
    1,660,147
    
    
    
    582,379
    
    
    Jun-92
    
    Oct-91
    
    
    5-27.5WILDWOOD
    
    
    1,237,040
    
    
    
    94,949
    
    
    
    1,498,290
    
    
    
    30,956
    
    
    
    94,949
    
    
    
    1,529,246
    
    
    
    1,624,195
    
    
    
    581,459
    
    
    Oct-91
    
    Oct-91
    
    
    5-40WOODFIELD COMMONS
    
    
    0
    
    
    
    66,533
    
    
    
    2,478,583
    
    
    
    147,139
    
    
    
    83,066
    
    
    
    2,625,722
    
    
    
    2,708,788
    
    
    
    1,010,978
    
    
    Jun-91
    
    Sep-91
    
    
    12-40WOODSIDE
    
    
    1,187,087
    
    
    
    44,000
    
    
    
    1,472,335
    
    
    
    23,638
    
    
    
    44,000
    
    
    
    1,495,973
    
    
    
    1,539,973
    
    
    
    784,853
    
    
    Oct-91
    
    Nov-91
    
    
    7-27.5WYNNEWOOD VILLAGE
    
    
    378,226
    
    
    
    41,987
    
    
    
    521,591
    
    
    
    11,679
    
    
    
    41,987
    
    
    
    533,270
    
    
    
    575,257
    
    
    
    245,490
    
    
    Nov-93
    
    Jan-93
    
    
    5-27.5105,308,347
    
    
    
    8,405,884
    
    
    
    139,814,854
    
    
    
    17,238,301
    
    
    
    8,104,737
    
    
    
    157,053,155
    
    
    
    165,157,892
    
    
    
    69,222,341
   F-121




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 14
 Reconciliation of Land, Building & Improvements current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    81,648,074Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    80,920,213Improvements, etc
    
    
    5,161,569Other
    
    
    0$
    86,081,782Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/93
    
    
    
    
    
    $
    167,729,856Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    2,382,316Improvements, etc
    
    
    38,261,558Other
    
    
    0$
    40,643,874Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/94
    
    
    
    
    
    $
    208,373,730Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    4,756,033Improvements, etc
    
    
    4,399,236Other
    
    
    0$
    9,155,269Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    0$
    0Balance at close of period  3/31/95
    
    
    
    
    
    $
    217,528,999
 F-122




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 14 (Continued)
 Balance at close of period  3/31/95
    
    
    
    
    
    $
    217,528,999Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    11,627,996Other
    
    
    0$
    11,627,996Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (299,900
    )(299,900
    )Balance at close of period  3/31/96
    
    
    
    
    
    $
    228,857,095Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    (9,932,304
    )Other
    
    
    0$
    (9,932,304
    )Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/97
    
    
    
    
    
    $
    218,924,791Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    369,722Other
    
    
    0$
    369,722Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/98
    
    
    
    
    
    $
    219,294,513
 F-123




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 14 (Continued)
 Balance at close of period  3/31/98
    
    
    
    
    
    $
    219,294,513Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    768,624Other
    
    
    0$
    768,624Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/99
    
    
    
    
    
    $
    220,063,137Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    895,813Other
    
    
    0$
    895,813Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/00
    
    
    
    
    
    $
    220,958,950Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    500,163Other
    
    
    0$
    500,163Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    (500,959
    )(500,959
    )Balance at close of period  3/31/01
    
    
    
    
    
    $
    220,958,184
 F-124




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 14 (Continued)
 Balance at close of period  3/31/01
    
    
    
    
    
    $
    220,958,184Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    657,888Other
    
    
    0$
    657,888Deductions during period:Cost of real estate sold
    
    $
    0Other
    
    
    00Balance at close of period  3/31/02
    
    
    
    
    
    $
    221,616,072Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    443,056Other
    
    
    0$
    443,056Deductions during period:Cost of real estate sold
    
    $
    (11,260,226
    )Other
    
    
    0(11,260,226
    )Balance at close of period  3/31/03
    
    
    
    
    
    $
    210,798,902Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    564,329Other
    
    
    0$
    564,329Deductions during period:Cost of real estate sold
    
    $
    (5,210,830
    )Other
    
    
    0(5,210,830
    )Balance at close of period  3/31/04
    
    
    
    
    
    $
    206,152,401
 F-125




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 14 (Continued)
 Balance at close of period  3/31/04
    
    
    
    
    
    $
    206,152,401Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    (194,104
    )Other
    
    
    0$
    (194,104
    )Deductions during period:Cost of real estate sold
    
    $
    (33,924,667
    )Other
    
    
    0(33,924,667
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    172,033,630Additions during period:Acquisitions through foreclosure
    
    $
    0Other acquisitions
    
    
    0Improvements, etc
    
    
    878,252Other
    
    
    0$
    878,252Deductions during period:Cost of real estate sold
    
    $
    (7,753,990
    )Other
    
    
    0(7,753,990
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    165,157,892
 F-126




---



##### 



Notes to Schedule III
 Boston Capital Tax Credit Fund II Limited Partnership  Series 14 (Continued)
 Reconciliation of Accumulated Depreciation current year changes
 Balance at beginning of period  4/1/92
    
    
    
    
    
    $
    659,075Current year expense
    
    $
    5,383,385Balance at close of period  3/31/93
    
    
    
    
    
    $
    6,042,460Current year expense
    
    $
    6,562,213Balance at close of period  3/31/94
    
    
    
    
    
    $
    12,604,673Current year expense
    
    $
    7,623,477Balance at close of period  3/31/95
    
    
    
    
    
    $
    20,228,150Current year expense
    
    $
    8,161,751Balance at close of period  3/31/96
    
    
    
    
    
    $
    28,389,901Current year expense
    
    $
    5,335,897Balance at close of period  3/31/97
    
    
    
    
    
    $
    33,725,798Current year expense
    
    $
    6,688,907Balance at close of period  3/31/98
    
    
    
    
    
    $
    40,414,705Current year expense
    
    $
    6,624,768Balance at close of period  3/31/99
    
    
    
    
    
    $
    47,039,473Current year expense
    
    $
    6,550,775Balance at close of period  3/31/00
    
    
    
    
    
    $
    53,590,248Current year expense
    
    $
    5,968,135Balance at close of period  3/31/01
    
    
    
    
    
    $
    59,558,383Current year expense
    
    $
    6,445,983Balance at close of period  3/31/02
    
    
    
    
    
    $
    66,004,366Current year expense
    
    $
    2,425,911Balance at close of period  3/31/03
    
    
    
    
    
    $
    68,430,277Current year expense
    
    $
    6,001,797Reduction for Real Estate Sold
    
    
    (2,495,965
    )Balance at close of period  3/31/04
    
    
    
    
    
    $
    71,936,109Current year expense
    
    $
    4,795,316Reduction for Real Estate Sold
    
    
    (9,135,279
    )Balance at close of period  3/31/05
    
    
    
    
    
    $
    67,596,146Current year expense
    
    $
    4,852,837Reduction for Real Estate Sold
    
    
    (3,226,642
    )Balance at close of period  3/31/06
    
    
    
    
    
    $
    69,222,341
 F-127