content: <PAGE>
  
  
  
                                    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) November 7, 1997
                                 (November 7, 1997)
  
  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 No.)
  incorporation or organization)          
  
     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  of the  establishment  of the  Interest  Repurchase  Reserve  and  the
  opportunity to request that the Partnership  repurchase Units at the established
  price  pursuant to that certain  letter to limited  partners  dated  February 1,
  1996, a copy of which is attached hereto and made a part hereof.
  
  As was previously  reported in the Form 8-K filed with the Commission on January
  10, 1997 the Partnership had received notice that Philip Crosby Associates, Inc.
  (Crosby)  did not  intend to pay full  rental due under its lease from and after
  January 1997.  Crosby  leased the majority of the space in  University  Business
  Center Phase II. The  business  center is owned by the  Lakeshore/University  II
  Joint Venture of which the  Partnership  has an 18% interest.  To conserve cash,
  the  Repurchase of Partnership  Units was  interrupted,  effective  December 30,
  1996.
  
  A conditional  settlement  was reached at a court ordered  mediation  conference
  with Crosby,  its parent company,  and the Joint Venture.  The Joint Venture has
  accepted  the  settlement  terms and their  parent  company  has agreed to pay a
  portion of Crosby's  liability to the Joint Venture in full  satisfaction of all
  claims against Crosby and any of its affiliates.
  
  As of November 7, 1997,  NTS-Properties  IV (the  "Partnership")  has elected to
  fund an additional amount of $45,000 to its Interest  Repurchase  Reserve.  With
  this funding,  the  Partnership  will be able to repurchase up to 300 Units at a
  currently  contemplated price of $150 per Unit. The Interest  Repurchase Reserve
  was  originally  established  February 1, 1996  pursuant to Section  16.4 of the
  Partnership's  Amended  and  Restated  Agreement  of  Limited  Partnership.  The
  Partnership  intends to notify the Limited Partners of the additional funding to
  the  Repurchase  Reserve and this  opportunity  to request that the  Partnership
  repurchase  Units at the  established  price by letter dated November 7, 1997, a
  copy of which is attached hereto and made a part thereof.
  
  
  
  
  <PAGE>
  
  
  
  February 1, 1996
  
  
  Dear NTS-Properties IV Investor:
  
  Over the last few years, a small market has developed for the trading of limited
  partnership  interests through companies such as the Chicago  Partnership Board.
  Units in our and other NTS  Partnerships  have  transferred  at values which the
  General  Partner  believes  to  be  discounted.  Although  the  General  Partner
  continues to strongly  recommend that our investors hold their Units rather than
  sell, we do recognize  that  circumstances  may arise from which an investor may
  feel compelled to sell his or her Units. As a result,  in our cash  distribution
  mailings we included a list of some of the companies  which have indicated to us
  that they arrange trades of NTS Partnership Units.
  
  In the interest of helping to establish a "floor" or minimum price for trades in
  NTS-Properties IV Units, the Partnership has established an Interest  Repurchase
  Reserve in the amount of $297,450  pursuant to Section 16.4 of the Partnership's
  Limited Partnership Agreement.  Under this Section of the Partnership Agreement,
  the  Partnership  may  repurchase  Units from  investors who indicate in writing
  their desire to sell. With this Repurchase Reserve, the Partnership will be able
  to repurchase and retire up to 1,983 Units at a currently  contemplated price of
  $150 per Unit. Since the repurchased Units will be retired,  there will be fewer
  investors for the distribution of assets.
  
  Units  will be  repurchased  on a  "first-come,  first-served"  basis  until the
  Interest  Repurchase  Reserve is depleted.  If the number of Units submitted for
  repurchase exceeds that which can be repurchased by the Partnership in the first
  quarter,  those additional Units may be repurchased in subsequent quarters.  The
  Partnership may, at the discretion of the General Partner, continue to set aside
  funds in the Interest Repurchase Reserve.
  
  The above  repurchase  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 a Unit.  The General  Partner  believes that this purchase
  price  represents a discount from the value of each Unit.  However,  there is no
  guarantee of the amount that limited partners who choose not to sell their Units
  will receive upon the ultimate liquidation of the Partnership.
  
  If you are interested in the Partnership  repurchasing your Units,  please sign,
  date and return the enclosed  Repurchase  Request form in the envelope provided.
  Upon receipt of your signed  Repurchase  Request  form, we will provide you with
  transfer documents and appropriate  instructions.  Payment for repurchased Units
  will be made  within  10 days  after you have  returned  the  properly  executed
  transfer  documents.  No transfer  fees or  commissions  will be charged for the
  repurchase.  You may  obtain  further  information  on the  Interest  Repurchase
  Reserve by calling our transfer agent at (303) 705- 6196.
  
  
  <PAGE>
  
  
  
  November 7, 1997
  
  Dear NTS-Properties IV Investor:
  
  On  February  1, 1996,  the  Partnership  announced  the  funding of an Interest
  Repurchase  Reserve,  pursuant  to  Section  16.4 of the  Partnership's  Limited
  Partnership  Agreement.  Under this Section of the  Partnership  Agreement,  the
  Partnership  may  repurchase  Units from investors who indicate in writing their
  desire to sell. Since the repurchased Units will be retired, there will be fewer
  investors for the distribution of assets. In the second quarter, the Partnership
  elected to fund additional monies to the Interest Repurchase Reserve.  With this
  funding,  the Partnership  repurchased  additional Units,  before the Repurchase
  Program was interrupted in December 1996.
  
  Due to Investor  requests,  the Partnership has elected to resume the Repurchase
  Program.  The  Interest  Repurchase  Reserve  will be funded with an  additional
  $45,000.  This will enable the  Partnership  to repurchase  and retire up to 300
  additional  Units at a  currently  contemplated  price  of $150  per  Unit  from
  investors  who sign and return the  Repurchase  Request  form  attached  to this
  letter.
  
  Units will be  repurchased  on a  "first-come,  first  served"  basis  until the
  Interest  Repurchase  Reserve is depleted.  If the number of Units submitted for
  repurchase  exceeds  that which can be  repurchased  by the  Partnership,  those
  additional  Units may be repurchased at a later date. The Partnership may at the
  discretion  of the General  Partner  continue to set aside funds in the Interest
  Repurchase Reserve.
  
  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 a Unit.  The General  Partner  believes that this purchase
  price represents a substantial discount from the value of each Unit and strongly
  recommends to the investors that Units be held and not sold.  However,  there is
  no  guarantee  of the amount that  limited  partners who choose not to sell will
  receive upon the ultimate liquidation of the Partnership.
  
  If you are interested in the Partnership  repurchasing your Units,  please sign,
  date and return the  enclosed  Repurchase  Request  form,  as  instructed.  Upon
  receipt of your  Repurchase  Request,  we will provide your with the appropriate
  transfer form and instructions.  No transfer fees or commissions will be charged
  for the repurchase.
  
  You may obtain further information on the Interest Repurchase Reserve by
  calling our Investor Services at (800) 928-1492 Ext. 544.
  
  
  <PAGE>
  
  
  
                                 REPURCHASE REQUEST
  
                          For Limited Partnership Units in
  
                                  NTS-PROPERTIES IV
  
  
  
  
  
  
                                                    November 7,  1997
  
  I request that NTS-Properties IV repurchase my limited  partnership  interest(s)
  ("Units")  at the price of $150 per Unit,  as described in the letter to me from
  NTS-Properties  Associates  IV dated  November 7, 1997 to which this  Repurchase
  Request is attached.  As a condition to repurchase,  I understand  that I hereby
  waive the  provisions  of Section 16.4 of the Amended and Restated  Agreement of
  Limited Partnership of NTS-Properties IV (the "Partnership Agreement") regarding
  the price and  terms of  repurchase  of  Units,  and fully and  finally  release
  NTS-Properties  IV and its  General  Partner  from any and all known or  unknown
  claims,  liability  and actions,  whether  arising  under or  pertaining  to the
  Offering or Prospectus  for NTS-  Properties  IV, the  Partnership  Agreement or
  otherwise.  I will reaffirm my waiver and release upon execution of the transfer
  documents. Please send me the appropriate transfer documents.
  
  
               I own ________  Units of  NTS-Properties  IV. I have read and fully
  understand the foregoing.
  
  
  
  [Each owner of the Limited Partner Units must sign below.]
  
  
  
  _______________________
  Date
  
  
  ________________________________       ____________________________________
  Signature of Limited Partner           Signature of Limited Partner
  
  
  
  
  ________________________________       ____________________________________
  Printed Name                           Printed Name
  
  
  
  Once completed, forward this form to:        NTS-Properties IV
                                               c/o Gemisys Corporation
                                               7103 S. Revere Parkway
                                               Englewood, CO 80112
  
  
  <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:    November 7, 1997
  
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K DATED NOVEMBER 7, 1997", "secsgml_size_bytes": 12218}]
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": "97710353"}, "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) November 7, 1997
                                 (November 7, 1997)
  
  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 No.)
  incorporation or organization)          
  
     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  of the  establishment  of the  Interest  Repurchase  Reserve  and  the
  opportunity to request that the Partnership  repurchase Units at the established
  price  pursuant to that certain  letter to limited  partners  dated  February 1,
  1996, a copy of which is attached hereto and made a part hereof.
  
  As was previously  reported in the Form 8-K filed with the Commission on January
  10, 1997 the Partnership had received notice that Philip Crosby Associates, Inc.
  (Crosby)  did not  intend to pay full  rental due under its lease from and after
  January 1997.  Crosby  leased the majority of the space in  University  Business
  Center Phase II. The  business  center is owned by the  Lakeshore/University  II
  Joint Venture of which the  Partnership  has an 18% interest.  To conserve cash,
  the  Repurchase of Partnership  Units was  interrupted,  effective  December 30,
  1996.
  
  A conditional  settlement  was reached at a court ordered  mediation  conference
  with Crosby,  its parent company,  and the Joint Venture.  The Joint Venture has
  accepted  the  settlement  terms and their  parent  company  has agreed to pay a
  portion of Crosby's  liability to the Joint Venture in full  satisfaction of all
  claims against Crosby and any of its affiliates.
  
  As of November 7, 1997,  NTS-Properties  IV (the  "Partnership")  has elected to
  fund an additional amount of $45,000 to its Interest  Repurchase  Reserve.  With
  this funding,  the  Partnership  will be able to repurchase up to 300 Units at a
  currently  contemplated price of $150 per Unit. The Interest  Repurchase Reserve
  was  originally  established  February 1, 1996  pursuant to Section  16.4 of the
  Partnership's  Amended  and  Restated  Agreement  of  Limited  Partnership.  The
  Partnership  intends to notify the Limited Partners of the additional funding to
  the  Repurchase  Reserve and this  opportunity  to request that the  Partnership
  repurchase  Units at the  established  price by letter dated November 7, 1997, a
  copy of which is attached hereto and made a part thereof.
  February 1, 1996
  
  Dear NTS-Properties IV Investor:
  
  Over the last few years, a small market has developed for the trading of limited
  partnership  interests through companies such as the Chicago  Partnership Board.
  Units in our and other NTS  Partnerships  have  transferred  at values which the
  General  Partner  believes  to  be  discounted.  Although  the  General  Partner
  continues to strongly  recommend that our investors hold their Units rather than
  sell, we do recognize  that  circumstances  may arise from which an investor may
  feel compelled to sell his or her Units. As a result,  in our cash  distribution
  mailings we included a list of some of the companies  which have indicated to us
  that they arrange trades of NTS Partnership Units.
  
  In the interest of helping to establish a "floor" or minimum price for trades in
  NTS-Properties IV Units, the Partnership has established an Interest  Repurchase
  Reserve in the amount of $297,450  pursuant to Section 16.4 of the Partnership's
  Limited Partnership Agreement.  Under this Section of the Partnership Agreement,
  the  Partnership  may  repurchase  Units from  investors who indicate in writing
  their desire to sell. With this Repurchase Reserve, the Partnership will be able
  to repurchase and retire up to 1,983 Units at a currently  contemplated price of
  $150 per Unit. Since the repurchased Units will be retired,  there will be fewer
  investors for the distribution of assets.
  
  Units  will be  repurchased  on a  "first-come,  first-served"  basis  until the
  Interest  Repurchase  Reserve is depleted.  If the number of Units submitted for
  repurchase exceeds that which can be repurchased by the Partnership in the first
  quarter,  those additional Units may be repurchased in subsequent quarters.  The
  Partnership may, at the discretion of the General Partner, continue to set aside
  funds in the Interest Repurchase Reserve.
  
  The above  repurchase  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 a Unit.  The General  Partner  believes that this purchase
  price  represents a discount from the value of each Unit.  However,  there is no
  guarantee of the amount that limited partners who choose not to sell their Units
  will receive upon the ultimate liquidation of the Partnership.
  
  If you are interested in the Partnership  repurchasing your Units,  please sign,
  date and return the enclosed  Repurchase  Request form in the envelope provided.
  Upon receipt of your signed  Repurchase  Request  form, we will provide you with
  transfer documents and appropriate  instructions.  Payment for repurchased Units
  will be made  within  10 days  after you have  returned  the  properly  executed
  transfer  documents.  No transfer  fees or  commissions  will be charged for the
  repurchase.  You may  obtain  further  information  on the  Interest  Repurchase
  Reserve by calling our transfer agent at (303) 705- 6196.
  November 7, 1997
  
  Dear NTS-Properties IV Investor:
  
  On  February  1, 1996,  the  Partnership  announced  the  funding of an Interest
  Repurchase  Reserve,  pursuant  to  Section  16.4 of the  Partnership's  Limited
  Partnership  Agreement.  Under this Section of the  Partnership  Agreement,  the
  Partnership  may  repurchase  Units from investors who indicate in writing their
  desire to sell. Since the repurchased Units will be retired, there will be fewer
  investors for the distribution of assets. In the second quarter, the Partnership
  elected to fund additional monies to the Interest Repurchase Reserve.  With this
  funding,  the Partnership  repurchased  additional Units,  before the Repurchase
  Program was interrupted in December 1996.
  
  Due to Investor  requests,  the Partnership has elected to resume the Repurchase
  Program.  The  Interest  Repurchase  Reserve  will be funded with an  additional
  $45,000.  This will enable the  Partnership  to repurchase  and retire up to 300
  additional  Units at a  currently  contemplated  price  of $150  per  Unit  from
  investors  who sign and return the  Repurchase  Request  form  attached  to this
  letter.
  
  Units will be  repurchased  on a  "first-come,  first  served"  basis  until the
  Interest  Repurchase  Reserve is depleted.  If the number of Units submitted for
  repurchase  exceeds  that which can be  repurchased  by the  Partnership,  those
  additional  Units may be repurchased at a later date. The Partnership may at the
  discretion  of the General  Partner  continue to set aside funds in the Interest
  Repurchase Reserve.
  
  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 a Unit.  The General  Partner  believes that this purchase
  price represents a substantial discount from the value of each Unit and strongly
  recommends to the investors that Units be held and not sold.  However,  there is
  no  guarantee  of the amount that  limited  partners who choose not to sell will
  receive upon the ultimate liquidation of the Partnership.
  
  If you are interested in the Partnership  repurchasing your Units,  please sign,
  date and return the  enclosed  Repurchase  Request  form,  as  instructed.  Upon
  receipt of your  Repurchase  Request,  we will provide your with the appropriate
  transfer form and instructions.  No transfer fees or commissions will be charged
  for the repurchase.
  
  You may obtain further information on the Interest Repurchase Reserve by
  calling our Investor Services at (800) 928-1492 Ext. 544.
  REPURCHASE REQUEST
  
                          For Limited Partnership Units in
  
                                  NTS-PROPERTIES IV
  
                                                    November 7,  1997
  
  I request that NTS-Properties IV repurchase my limited  partnership  interest(s)
  ("Units")  at the price of $150 per Unit,  as described in the letter to me from
  NTS-Properties  Associates  IV dated  November 7, 1997 to which this  Repurchase
  Request is attached.  As a condition to repurchase,  I understand  that I hereby
  waive the  provisions  of Section 16.4 of the Amended and Restated  Agreement of
  Limited Partnership of NTS-Properties IV (the "Partnership Agreement") regarding
  the price and  terms of  repurchase  of  Units,  and fully and  finally  release
  NTS-Properties  IV and its  General  Partner  from any and all known or  unknown
  claims,  liability  and actions,  whether  arising  under or  pertaining  to the
  Offering or Prospectus  for NTS-  Properties  IV, the  Partnership  Agreement or
  otherwise.  I will reaffirm my waiver and release upon execution of the transfer
  documents. Please send me the appropriate transfer documents.
  
               I own ________  Units of  NTS-Properties  IV. I have read and fully
  understand the foregoing.
  
  [Each owner of the Limited Partner Units must sign below.]
  
  _______________________
  Date
  
  ________________________________       ____________________________________
  Signature of Limited Partner           Signature of Limited Partner
  
  ________________________________       ____________________________________
  Printed Name                           Printed Name
  
  Once completed, forward this form to:        NTS-Properties IV
                                               c/o Gemisys Corporation
                                               7103 S. Revere Parkway
                                               Englewood, CO 80112
  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:    November 7, 1997