content: UNITED STATES
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  
             PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
                                     ACT OF 1934
  
  Date of Report (Date of earliest event reported)     May 26, 1998
  
                                   (May 15, 1998)
  
  Commission File Number                        0-11655
  
                              NTS-PROPERTIES IV
            (Exact name of registrant as specified in its charter)
  
           Kentucky                                     61-1026356
  (State or other jurisdiction of             (I.R.S. Employer Identification
  incorporation or organization)              No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                                   40223
  (Address of principal executive                        (Zip Code)
  offices)
  
  Registrant's telephone number,
  including area code                                   (502) 426-4800
  
                                   Not Applicable
                 Former name, former address and former fiscal year,
                            if changed since last report
  
  
  
  
  <PAGE>
  
  
  
  Item 5.      Other Items
  
  
  On  February  1, 1996,  NTS-Properties  IV (the  "Partnership")  established  an
  Interest  Repurchase  Reserve  pursuant  to  Section  16.4 of the  Partnership's
  Amended and  Restated  Agreement of Limited  Partnership.  Under  Section  16.4,
  limited  partners may request the  Partnership  to repurchase  their  respective
  interests  (Units) in the  Partnership.  The  Partnership  notified  the limited
  partners  by letter on  February 1, 1996 of the  establishment  of the  Interest
  Repurchase Reserve.
  
  As of May 15, 1998,  NTS-Properties  IV has elected to fund an additional amount
  of  $64,000  to  its  Interest  Repurchase  Reserve.   With  this  funding,  the
  Partnership  will be able to repurchase up to 400 additional Units at a price of
  $160 per Unit.  If the number of Units  submitted  for  repurchase  exceeds that
  which can be  repurchased by the  Partnership  with the current  funding,  those
  additional  units may or may not be  repurchased  in  subsequent  quarters  with
  additional  funding.  The above offering  price per Unit was  established by the
  General  Partner in its sole  discretion  and does not purport to represent  the
  fair market value or liquidation value of the Unit.
  
  
  
  
  
  <PAGE>
  
  
                                     SIGNATURES
  
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned thereunto duly authorized.
  
  
                                                NTS-PROPERTIES IV
                                                   (Registrant)
  
                                         BY:   NTS-Properties Associates IV
                                               BY: NTS Capital Corporation,
                                                   General Partner
  
  
                                                   /s/ John W. Hampton
                                                   John W. Hampton
                                                   Senior Vice President
  
  
  
  Date:    May 26, 1998
  
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K DATED MAY 26, 1998", "secsgml_size_bytes": 3349}]
metadata_filer: {"company-data": {"conformed-name": "NTS PROPERTIES IV", "cik": "0000719589", "assigned-sic": "6500", "irs-number": "611026356", "state-of-incorporation": "KY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11655", "film-number": "98631306"}, "business-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "5024264800"}, "mail-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}}
text: UNITED STATES
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
             PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
                                     ACT OF 1934
  
  Date of Report (Date of earliest event reported)     May 26, 1998
  
                                   (May 15, 1998)
  
  Commission File Number                        0-11655
  
                              NTS-PROPERTIES IV
            (Exact name of registrant as specified in its charter)
  
           Kentucky                                     61-1026356
  (State or other jurisdiction of             (I.R.S. Employer Identification
  incorporation or organization)              No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                                   40223
  (Address of principal executive                        (Zip Code)
  offices)
  
  Registrant's telephone number,
  including area code                                   (502) 426-4800
  
                                   Not Applicable
                 Former name, former address and former fiscal year,
                            if changed since last report
  Item 5.      Other Items
  
  On  February  1, 1996,  NTS-Properties  IV (the  "Partnership")  established  an
  Interest  Repurchase  Reserve  pursuant  to  Section  16.4 of the  Partnership's
  Amended and  Restated  Agreement of Limited  Partnership.  Under  Section  16.4,
  limited  partners may request the  Partnership  to repurchase  their  respective
  interests  (Units) in the  Partnership.  The  Partnership  notified  the limited
  partners  by letter on  February 1, 1996 of the  establishment  of the  Interest
  Repurchase Reserve.
  
  As of May 15, 1998,  NTS-Properties  IV has elected to fund an additional amount
  of  $64,000  to  its  Interest  Repurchase  Reserve.   With  this  funding,  the
  Partnership  will be able to repurchase up to 400 additional Units at a price of
  $160 per Unit.  If the number of Units  submitted  for  repurchase  exceeds that
  which can be  repurchased by the  Partnership  with the current  funding,  those
  additional  units may or may not be  repurchased  in  subsequent  quarters  with
  additional  funding.  The above offering  price per Unit was  established by the
  General  Partner in its sole  discretion  and does not purport to represent  the
  fair market value or liquidation value of the Unit.
  SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned thereunto duly authorized.
  
                                                NTS-PROPERTIES IV
                                                   (Registrant)
  
                                         BY:   NTS-Properties Associates IV
                                               BY: NTS Capital Corporation,
                                                   General Partner
  
                                                   /s/ John W. Hampton
                                                   John W. Hampton
                                                   Senior Vice President
  
  Date:    May 26, 1998