FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Mark One)

(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended ~~September~~December 3031, 2015

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______
Commission file number 0-19443

BOSTON CAPITAL TAX CREDIT FUND II LIMITED PARTNERSHIP

(Exact name of registrant as specified in its charter)

Delaware	04-3066791
(State or other jurisdiction	(I.R.S. Employer
of incorporation or organization)	Identification No.)

One Boston Place, Suite 2100, Boston, Massachusetts 02108

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (617)624-8900

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ý

No 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ý

No 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer 	Accelerated filer 
Non-accelerated filer 	Smaller reporting company ý

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes 

BOSTON CAPITAL TAX CREDIT FUND II LIMITED PARTNERSHIP

QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED ~~September~~December 3031, 2015

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
				Pages
	Item 1. Condensed Financial Statements
		Condensed Balance Sheets	3-9
		Condensed Statements of Operations	10-23
		Condensed Statements of Changes in Partners' Capital (Deficit)	24-27
		Condensed Statements of Cash Flows	28-34
		Notes to Condensed Financial Statements	35-48
	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations		49-6264
	Item 3. Quantitative and Qualitative Disclosures About Market Risk		6365
	Item 4. Controls and Procedures		6365
PART II - OTHER INFORMATION
	Item 1. Legal Proceedings		6466
	Item 1A. Risk Factors		6466
	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		6466
	Item 3. Defaults Upon Senior Securities		6466
	Item 4. Mine Safety Disclosures		6466
	Item 5. Other Information		6466
	Item 6. Exhibits		6466
	Signatures		6567

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

			September 30, 2015	March 31, 2015
			December 31, 2015	March 31, 2015
ASSETS
		Cash and cash equivalents	$ ~~921~~852,~~826~~238	$ 1,682,834
	Other assets		2,200	2,200
			$ 924,026	$ 1,685,034
			$ 854,438	$ 1,685,034
LIABILITIES
		Accounts payable	$ 12,600	$ 12,600
		Accounts payable affiliates (Note C)	1312,~~519~~135,~~556~~165	15,075,966
		Capital contributions payable (Note D)	154,287	169,974
			13,686,443	15,258,540
			12,302,052	15,258,540
PARTNERS' CAPITAL (DEFICIT)
Assignees
		Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 18,679,738 issued and 18,588,788 outstanding as of September 30, 2015 and March 31, 2015.	(11,255,842)	(12,058,821)
		Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 18,679,738 issued and 18,588,788 outstanding as of December 31, 2015 and March 31, 2015.	(11,240,074)	(12,058,821)
General Partner			(1207,~~506,575~~540)	(1,514,685)
			(12,762,417)	(13,573,506)
			(11,447,614)	(13,573,506)
			$ 924,026	$ 1,685,034
			$ 854,438	$ 1,685,034

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

Series 7

		September 30, 2015	March 31, 2015
		December 31, 2015	March 31, 2015
ASSETS
	Cash and cash equivalents	$ -	$ -
	Other assets	-	-
		$ -	$ -
LIABILITIES
	Accounts payable	$ -	$ -
	Accounts payable affiliates (Note C)	-	-
	Capital contributions payable (Note D)	-	-
		-	-
PARTNERS' CAPITAL (DEFICIT)
Assignees
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 1,036,100 issued and 1,036,100 outstanding as of September 30, 2015 and March 31, 2015.	(84,506)	(84,506)
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 1,036,100 issued and 1,036,100 outstanding as of December 31, 2015 and March 31, 2015.	(84,506)	(84,506)
General Partner		84,506	84,506
		-	-
		$ -	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

Series 9

			September 30, 2015	March 31, 2015
			December 31, 2015	March 31, 2015
ASSETS
	Cash and cash equivalents		$ ~~143~~139,~~308~~546	$ 163,039
		Other assets	-	-
			$ 143,308	$ 163,039
			$ 139,546	$ 163,039
LIABILITIES
	Accounts payable		$ -	$ -
	Accounts payable affiliates (Note C)		6,~~580~~594,~~290~~579	6,548,768
	Capital contributions payable (Note D)		-	-
			6,580,290	6,548,768
			6,594,579	6,548,768
PARTNERS' CAPITAL (DEFICIT)
Assignees
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 4,178,029 issued and 4,156,429 outstanding as of September 30, 2015 and March 31, 2015.		(6,037,774)	(5,987,034)
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 4,178,029 issued and 4,156,429 outstanding as of December 31, 2015 and March 31, 2015.		(6,055,645)	(5,987,034)
General Partner			(399,~~208~~388)	(398,695)
			(6,436,982)	(6,385,729)
			(6,455,033)	(6,385,729)
			$ 143,308	$ 163,039
			$ 139,546	$ 163,039

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

Series 10

			September 30, 2015	March 31, 2015
			December 31, 2015	March 31, 2015
ASSETS
	Cash and cash equivalents		$ ~~106,280~~-	$ 205,732
		Other assets	-	-
			$ 106,280	$ 205,732
			$ -	$ 205,732
LIABILITIES
	Accounts payable		$ -	$ -
	Accounts payable affiliates (Note C)		~~1,450,880~~-	1,503,758
	Capital contributions payable (Note D)		-	-
			1,450,880	1,503,758
			-	1,503,758
PARTNERS' CAPITAL (DEFICIT)
Assignees
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 2,428,925 issued and 2,421,225 outstanding as of September 30, 2015 and March 31, 2015.		(1,136,241)	(1,090,133)
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 2,428,925 issued and 2,421,225 outstanding as of December 31, 2015 and March 31, 2015.		(1,090,973)	(1,090,133)
General Partner			~~(208~~1,~~359)~~090,973	(207,893)
			(1,344,600)	(1,298,026)
			-	(1,298,026)
			$ 106,280	$ 205,732
			$ -	$ 205,732

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

Series 11

			September 30, 2015	March 31, 2015
			December 31, 2015	March 31, 2015
ASSETS
		Cash and cash equivalents	$ ~~187~~182,~~252~~459	$ 211,756
	Other assets		-	-
			$ 187,252	$ 211,756
			$ 182,459	$ 211,756
LIABILITIES
		Accounts payable	$ -	$ -
		Accounts payable affiliates (Note C)	7489,~~072~~984	614,049
		Capital contributions payable (Note D)	-	-
			74,072	614,049
			89,984	614,049
PARTNERS' CAPITAL (DEFICIT)
Assignees
		Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 2,489,599 issued and 2,486,499 outstanding as of September 30, 2015 and March 31, 2015.	326,733	(183,585)
		Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 2,489,599 issued and 2,486,499 outstanding as of December 31, 2015 and March 31, 2015.	306,235	(183,585)
General Partner			(213,~~553~~760)	(218,708)
			113,180	(402,293)
			92,475	(402,293)
			$ 187,252	$ 211,756
			$ 182,459	$ 211,756

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

Series 12

			September 30, 2015	March 31, 2015
			December 31, 2015	March 31, 2015
ASSETS
		Cash and cash equivalents	$ ~~135~~180,~~306~~033	$ 160,021
	Other assets		-	-
			$ 135,306	$ 160,021
			$ 180,033	$ 160,021
LIABILITIES
		Accounts payable	$ -	$ -
		Accounts payable affiliates (Note C)	2,~~787~~798,~~541~~248	3,149,077
		Capital contributions payable (Note D)	9,241	9,241
			2,796,782	3,158,318
			2,807,489	3,158,318
PARTNERS' CAPITAL (DEFICIT)
Assignees
		Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 2,972,795 issued and 2,947,595 outstanding as of September 30, 2015 and March 31, 2015.	(2,383,731)	(2,717,184)
		Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 2,972,795 issued and 2,947,595 outstanding as of December 31, 2015 and March 31, 2015.	(2,350,051)	(2,717,184)
General Partner			(277,~~745~~405)	(281,113)
			(2,661,476)	(2,998,297)
			(2,627,456)	(2,998,297)
			$ 135,306	$ 160,021
			$ 180,033	$ 160,021

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED BALANCE SHEETS

(Unaudited)

Series 14

			September 30, 2015	March 31, 2015
			December 31, 2015	March 31, 2015
ASSETS
	Cash and cash equivalents		$ ~~349~~350,~~680~~200	$ 942,286
		Other assets	2,200	2,200
			$ 351,880	$ 944,486
			$ 352,400	$ 944,486
LIABILITIES
	Accounts payable		$ 12,600	$ 12,600
	Accounts payable affiliates (Note C)		2,~~626~~652,~~773~~354	3,260,314
	Capital contributions payable (Note D)		145,046	160,733
			2,784,419	3,433,647
			2,810,000	3,433,647
PARTNERS' CAPITAL (DEFICIT)
Assignees
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 5,574,290 issued and 5,540,940 outstanding as of September 30, 2015 and March 31, 2015.		(1,940,323)	(1,996,379)
	Units of limited partnership interest, $10 stated value per BAC; 20,000,000 authorized BACs; 5,574,290 issued and 5,540,940 outstanding as of December 31, 2015 and March 31, 2015.		(1,965,134)	(1,996,379)
General Partner			(492,~~216~~466)	(492,782)
			(2,432,539)	(2,489,161)
			(2,457,600)	(2,489,161)
			$ 351,880	$ 944,486
			$ 352,400	$ 944,486

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED STATEMENTS OF OPERATIONS

Three Months Ended ~~September~~December 3031, (Unaudited)

		2015	2014
Income
	Interest income	$ ~~514~~235	$ ~~271~~440
	Other income	~~127~~51,~~517~~312	2,~~148~~427,860
		128,031	2,419
		51,547	2,428,300
Share of income from Operating Partnerships(Note D)		2170,~~678~~700	~~148~~316,~~085~~685
Expenses
	Professional fees	866,~~598~~300	~~104~~6,~~947~~120
	Partnership management fee, net (Note C)	6344,~~475~~496	~~107~~(9,~~345~~590)
	General and administrative expenses	2655,~~586~~522	2125,~~119~~747
		176,659	233,411
		106,318	22,277
NET INCOME(LOSS)		$ ~~(26~~15,~~950)~~929	$ ~~(82~~2,~~907)~~722,708
	Net income(loss) allocated to assignees	$ ~~(26~~15,~~680)~~770	$ ~~(82~~2,~~078)~~695,480
	Net income(loss) allocated to general partner	$ ~~(270)~~159	$ ~~(829)~~27,228
	Net income(loss) per BAC	$ (.00)	$ (.~~00)~~14

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS Three Months Ended ~~September~~December 3031,

(Unaudited)

Series 7

		2015	2014

Income
	Interest income	$ -	$ -
	Other income	-	-
		-	-

Share of income from Operating Partnerships(Note D)		-	-

Expenses

	Professional fees	-	-
	Partnership management fee, net (Note C)	-	-
	General and administrative expenses	-	-
		-	-

NET INCOME(LOSS)		$ -	$ -

	Net income(loss) allocated to assignees	$ -	$ -

	Net income(loss) allocated to general partner	$ -	$ -

	Net income(loss) per BAC	$ -	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS Three Months Ended ~~September~~December 3031, (Unaudited)

Series 9

		2015	2014
Income
	Interest income	$ 4726	$ 2740
	Other income	1-	1-
		48	28
		26	40
Share of income from Operating Partnerships(Note D)		~~1,593~~-	-78,000
Expenses
	Professional fees	131,~~602~~260	161,~~876~~224
	Partnership management fee, net (Note C)	119,~~874~~548	1615,~~569~~540
	General and administrative expenses	57,~~361~~268	45,~~140~~009
		30,837	37,585
		18,076	21,773
NET INCOME(LOSS)		$ (2918,~~196~~050)	$ ~~(37~~56,~~557)~~267
	Net income(loss) allocated to assignees	$ (2817,~~904~~870)	$ ~~(37~~55,~~181)~~704
	Net income(loss) allocated to general partner	$ (~~292~~180)	$ ~~(376)~~563
	Net income(loss) per BAC	$ (.0100)	$ (.01)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS Three Months Ended ~~September~~December 3031, (Unaudited) Series 10

		2015	2014
Income
	Interest income	$ 6619	$ 3757
	Other income	~~(2,375)~~-	~~1,000~~-
		(2,309)	1,037
		19	57
Share of income from Operating Partnerships(Note D)		170,~~593~~700	-76,000
Expenses
	Professional fees	131,~~386~~260	191,~~212~~224
	Partnership management fee, net (Note C)	~~9,172~~(710)	1512,~~435~~580
	General and administrative expenses	424,~~617~~443	34,~~434~~087
		27,175	38,081
		24,993	17,891
NET INCOME(LOSS)		$ ~~(27~~45,~~891)~~726	$ ~~(37~~58,~~044)~~166
	Net income(loss) allocated to assignees	$ ~~(27~~45,~~612)~~269	$ ~~(36~~57,~~674)~~584
	Net income(loss) allocated to general partner	$ ~~(279)~~457	$ ~~(370)~~582
	Net income(loss) per BAC	$ (.~~01)~~02	$ (.02)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS Three Months Ended ~~September~~December 3031, (Unaudited) Series 11

		2015	2014
Income
	Interest income	$ ~~162~~63	$ 46139
	Other income	~~291~~-	~~291~~-
		453	337
		63	139
Share of income from Operating Partnerships(Note D)		~~413~~-	~~111~~48,~~085~~864
Expenses
	Professional fees	171,~~690~~260	171,~~215~~224
	Partnership management fee, net (Note C)	1213,~~732~~877	25(19,~~254~~043)
	General and administrative expenses	45,~~305~~631	34,~~339~~040
		34,727	45,808
		20,768	(13,779)
NET INCOME(LOSS)		$ (3320,~~861~~705)	$ 6562,~~614~~782
	Net income(loss) allocated to assignees	$ (3320,~~522~~498)	$ 6462,~~958~~154
	Net income(loss) allocated to general partner	$ (~~339~~207)	$ ~~656~~628
	Net income(loss) per BAC	$ (.01)	$ .0302

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS Three Months Ended ~~September~~December 3031, (Unaudited) Series 12

		2015	2014
Income
	Interest income	$ 8143	$ 6669
	Other income	-51,312	-
		81	66
		51,355	69
Share of income from Operating Partnerships(Note D)		~~276~~-	-69,513
Expenses
	Professional fees	151,~~979~~260	241,~~274~~224
	Partnership management fee, net (Note C)	89,~~952~~379	1712,~~070~~552
	General and administrative expenses	56,~~039~~696	34,~~911~~566
		29,970	45,255
		17,335	18,342
NET INCOME(LOSS)		$ ~~(29~~34,~~613)~~020	$ ~~(45~~51,~~189)~~240
	Net income(loss) allocated to assignees	$ ~~(29~~33,~~317)~~680	$ ~~(44~~50,~~737)~~728
	Net income(loss) allocated to general partner	$ ~~(296)~~340	$ ~~(452)~~512
	Net income(loss) per BAC	$ (.01)	$ (.02)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS Three Months Ended ~~September~~December 3031, (Unaudited) Series 14

		2015	2014
Income
	Interest income	$ ~~158~~84	$ 95135
	Other income	~~129,600~~-	~~856~~2,427,860
		129,758	951
		84	2,427,995
Share of income from Operating Partnerships(Note D)		~~17,803~~-	3744,~~000~~308
Expenses
	Professional fees	251,~~941~~260	271,~~370~~224
	Partnership management fee, net (Note C)	2012,~~745~~402	33(31,~~017~~219)
	General and administrative expenses	711,~~264~~484	68,~~295~~045
		53,950	66,682
		25,146	(21,950)
NET INCOME(LOSS)		$ 93(25,~~611~~062)	$ ~~(28~~2,~~731)~~494,253
	Net income(loss) allocated to assignees	$ 92(24,~~675~~811)	$ ~~(28~~2,~~444)~~469,310
	Net income(loss) allocated to general partner	$ ~~936~~(251)	$ ~~(287)~~24,943
	Net income(loss) per BAC	$ (.0200)	$ (.~~01)~~45

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED STATEMENTS OF OPERATIONS

~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

		2015	2014
Income
	Interest income	$ ~~927~~1,164	$ ~~549~~988
	Other income	~~127~~178,~~517~~829	532,~~820~~481,680
		128,444	54,369
		179,993	2,482,668
Share of income from Operating Partnerships(Note D)		~~981~~1,~~431~~052,131	~~148~~464,~~275~~960
Expenses
	Professional fees	~~109~~116,~~938~~238	~~130~~136,~~487~~607
	Partnership management fee, net (Note C)	~~146~~191,~~871~~367	~~167~~158,~~764~~174
	General and administrative expenses	4197,~~977~~501	3662,~~840~~587
		298,786	335,091
		405,106	357,368
NET INCOME(LOSS)		$ ~~811~~827,~~089~~018	$ ~~(132~~2,~~447)~~590,260
	Net income(loss) allocated to assignees	$ ~~802~~818,~~979~~747	$ ~~(131~~2,~~123)~~564,357
	Net income(loss) allocated to general partner	$ 8,~~110~~271	$ (125,~~324)~~903
	Net income(loss) per BAC	$ .04	$ (.~~01)~~14

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~September~~December 3031,

(Unaudited)

Series 7

		2015	2014

Income
	Interest income	$ -	$ -
	Other income	-	-
		-	-

Share of income from Operating Partnerships(Note D)		-	-

Expenses

	Professional fees	-	-
	Partnership management fee, net (Note C)	-	-
	General and administrative expenses	-	-
		-	-

NET INCOME(LOSS)		$ -	$ -

	Net income(loss) allocated to assignees	$ -	$ -

	Net income(loss) allocated to general partner	$ -	$ -

	Net income(loss) per BAC	$ -	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

Series 9

		2015	2014
Income
	Interest income	$ 84110	$ 5595
	Other income	1	1
		85	56
		111	96
Share of income from Operating Partnerships(Note D)		1,593	-78,000
Expenses
	Professional fees	1718,~~412~~672	2022,~~851~~075
	Partnership management fee, net (Note C)	2736,~~071~~619	3550,~~199~~739
	General and administrative expenses	815,~~448~~717	712,~~312~~321
		52,931	63,362
		71,008	85,135
NET INCOME(LOSS)		$ (5169,~~253~~304)	$ (637,~~306~~039)
	Net income(loss) allocated to assignees	$ (5068,~~740~~611)	$ (626,~~673~~969)
	Net income(loss) allocated to general partner	$ (~~513~~693)	$ (~~633~~70)
	Net income(loss) per BAC	$ (.0102)	$ (.0200)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 10

		2015	2014
Income
	Interest income	$ ~~119~~138	$ 74130
	Other income	(2,375)	12,065
		(2,256)	12,139
		(2,237)	12,195
Share of income from Operating Partnerships(Note D)		172,~~593~~293	-76,000
Expenses
	Professional fees	1718,~~031~~291	2324,~~657~~881
	Partnership management fee, net (Note C)	2120,~~517~~807	2538,~~623~~203
	General and administrative expenses	731,~~363~~806	610,~~169~~256
		45,911	55,449
		70,904	73,340
NET INCOME(LOSS)		$ (~~46,574~~848)	$ ~~(43~~14,~~310)~~855
	Net income(loss) allocated to assignees	$ (~~46,108~~840)	$ ~~(42~~14,~~877)~~706
	Net income(loss) allocated to general partner	$ (~~466~~8)	$ ~~(433)~~149
	Net income(loss) per BAC	$ (.0200)	$ (.~~02)~~01

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 11

		2015	2014
Income
	Interest income	$ ~~292~~356	$ 91229
	Other income	291	16,113
		583	16,204
		647	16,342
Share of income from Operating Partnerships(Note D)		575,209	~~111~~160,~~275~~139
Expenses
	Professional fees	2223,~~325~~585	2123,~~820~~044
	Partnership management fee, net (Note C)	3144,~~052~~929	256,~~354~~311
	General and administrative expenses	612,~~942~~574	59,~~900~~940
		60,319	53,074
		81,088	39,295
NET INCOME(LOSS)		$ ~~515~~494,~~473~~768	$ 74137,~~405~~186
	Net income(loss) allocated to assignees	$ ~~510~~489,~~318~~820	$ 73135,~~661~~814
	Net income(loss) allocated to general partner	$ 54,~~155~~948	$ ~~744~~1,372
	Net income(loss) per BAC	$ .2120	$ .0305

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 12

		2015	2014
Income
	Interest income	$ ~~147~~190	$ ~~141~~211
	Other income	-51,312	3,802
		147	3,943
		51,502	4,013
Share of income from Operating Partnerships(Note D)		385,233	-69,513
Expenses
	Professional fees	2021,~~284~~544	2930,~~664~~888
	Partnership management fee, net (Note C)	2029,~~286~~665	1427,~~812~~364
	General and administrative expenses	714,~~989~~685	611,~~887~~453
		48,559	51,363
		65,894	69,705
NET INCOME(LOSS)		$ ~~336~~370,~~821~~841	$ ~~(47~~3,~~420)~~821
	Net income(loss) allocated to assignees	$ ~~333~~367,~~453~~133	$ ~~(46~~3,~~946)~~783
	Net income(loss) allocated to general partner	$ 3,~~368~~708	$ ~~(474)~~38
	Net income(loss) per BAC	$ .1112	$ (.~~02)~~00

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 14

		2015	2014
Income
	Interest income	$ ~~285~~370	$ ~~188~~323
	Other income	129,600	212,~~839~~449,699
		129,885	22,027
		129,970	2,450,022
Share of income from Operating Partnerships(Note D)		17,803	3781,~~000~~308
Expenses
	Professional fees	3234,~~886~~146	3435,~~495~~719
	Partnership management fee, net (Note C)	4659,~~945~~347	6635,~~776~~557
	General and administrative expenses	1122,~~235~~719	1018,~~572~~617
		91,066	111,843
		116,212	89,893
NET INCOME(LOSS)		$ 5631,~~622~~561	$ ~~(52~~2,~~816)~~441,437
	Net income(loss) allocated to assignees	$ 5631,~~056~~245	$ ~~(52~~2,~~288)~~417,023
	Net income(loss) allocated to general partner	$ ~~566~~316	$ ~~(528)~~24,414
	Net income(loss) per BAC	$ .01	$ (.~~01)~~44

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

	Assignees	General Partner	Total
Partners' capital (deficit) April 1, 2015	$(12,058,821)	$(1,514,685)	$(13,573,506)
Net income(loss)	802,979	8,110	811,089
Contributions	-	1,298,874	1,298,874
Partners' capital (deficit), September 30, 2015	$(11,255,842)	$(1,506,575)	$(12,762,417)
Net income(loss)	818,747	8,271	827,018
Partners' capital (deficit), December 31, 2015	$(11,240,074)	$ (207,540)	$(11,447,614)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

	Assignees	General Partner	Total
Series 7
Partners' capital (deficit) April 1, 2015	$ (84,506)	$ 84,506	$ -
Contributions	-	-	-
Net income(loss)	-	-	-
Partners' capital (deficit), September 30, 2015	$ (84,506)	$ 84,506	$ -
Partners' capital (deficit), December 31, 2015	$ (84,506)	$ 84,506	$ -
Series 9
Partners' capital (deficit) April 1, 2015	$(5,987,034)	$ (398,695)	$(6,385,729)
Net income(loss)	(50,740)	(513)	(51,253)
Contributions	-	-	-
Partners' capital (deficit), September 30, 2015	$(6,037,774)	$ (399,208)	$(6,436,982)
Net income(loss)	(68,611)	(693)	(69,304)
Partners' capital (deficit), December 31, 2015	$(6,055,645)	$ (399,388)	$(6,455,033)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

	Assignees	General Partner	Total
Series 10
Partners' capital (deficit) April 1, 2015	$ (1,090,133)	$ (207,893)	$ (1,298,026)
Net income(loss)	(46,108)	(466)	(46,574)
Contributions	-	1,298,874	1,298,874
Partners' capital (deficit), September 30, 2015	$ (1,136,241)	$ (208,359)	$ (1,344,600)
Net income(loss)	(840)	(8)	(848)
Partners' capital (deficit), December 31, 2015	$ (1,090,973)	$1,090,973	$ -
Series 11
Partners' capital (deficit) April 1, 2015	$ (183,585)	$ (218,708)	$ (402,293)
Net income(loss)	510,318	5,155	515,473
Contributions	-	-	-
Partners' capital (deficit), September 30, 2015	$ 326,733	$ (213,553)	$ 113,180
Net income(loss)	489,820	4,948	494,768
Partners' capital (deficit), December 31, 2015	$ 306,235	$ (213,760)	$ 92,475

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

	Assignees	General Partner	Total
Series 12
Partners' capital (deficit) April 1, 2015	$(2,717,184)	$ (281,113)	$(2,998,297)
Net income(loss)	333,453	3,368	336,821
Contributions	-	-	-
Partners' capital (deficit), September 30, 2015	$(2,383,731)	$ (277,745)	$(2,661,476)
Net income(loss)	367,133	3,708	370,841
Partners' capital (deficit), December 31, 2015	$(2,350,051)	$ (277,405)	$(2,627,456)
Series 14
Partners' capital (deficit) April 1, 2015	$(1,996,379)	$ (492,782)	$(2,489,161)
Net income(loss)	56,056	566	56,622
Contributions	-	-	-
Partners' capital (deficit), September 30, 2015	$(1,940,323)	$ (492,216)	$(2,432,539)
Net income(loss)	31,245	316	31,561
Partners' capital (deficit), December 31, 2015	$(1,965,134)	$ (492,466)	$(2,457,600)

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

		2015		2014
Cash flows from operating activities:
Net Income(loss)		$ ~~811~~827,~~089~~018		$ ~~(132~~2,~~447)~~590,260
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships		(~~981~~1,~~431~~052,131)		(~~148~~464,~~275~~960)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses		-		330,~~000~~500
(Decrease) Increase in accounts payable affiliates		(1,~~556~~641,~~410~~927)		26(2,~~570~~399,533)
Net cash (used in) provided by operating activities		(1,~~726~~867,~~752~~040)		(~~251~~243,~~152~~733)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships		~~965~~1,~~744~~036,444		37464,~~190~~960
Net cash provided by investing activities		~~965~~1,~~744~~036,444		37464,~~190~~960
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(~~761~~830,~~008~~596)		~~(213~~221,~~962)~~227
Cash and cash equivalents, beginning	1,682,834		1,095,990
Cash and cash equivalents, ending	$ ~~921~~852,~~826~~238		$ ~~882~~1,~~028~~317,217

Significant noncash investing and financing activities:

T he general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$ 1,298,874	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 7

	2015	2014
Cash flows from operating activities:

Net Income(loss)	$ -	$ -
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships	-	-
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	-	-
(Decrease) Increase in accounts payable affiliates	-	-

Net cash (used in) provided by operating activities	-	-

Cash flows from investing activities:

Proceeds from the disposition of Operating Partnerships	-	-

Net cash provided by investing activities	-	-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-	-

Cash and cash equivalents, beginning	-	-

Cash and cash equivalents, ending	$ -	$ -

Significant noncash investing and financing activities:

T he general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$ -	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 9

	~~2015~~	~~2014~~2015		2014
Cash flows from operating activities:
Net Income(loss)	~~$ (51,253)~~	$ (6369,~~306~~304)		$ (7,039)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships	~~(1,593)~~	-(1,593)		(78,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	-	-		5,000
(Decrease) Increase in accounts payable affiliates	~~31,522~~	3745,~~260~~811		55,890
Net cash (used in) provided by operating activities	~~(21,324)~~	(2625,~~046~~086)		(24,149)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	~~1,593~~	-1,593		78,000
Net cash provided by investing activities	~~1,593~~	-1,593		78,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	~~(19,731)~~	(2623,~~046~~493)		53,851
Cash and cash equivalents, beginning	~~163,039~~	~~120~~163,~~474~~039		120,474
Cash and cash equivalents, ending	~~$ 143,308~~	$ 94139,~~428~~546		$ 174,325
Significant noncash investing and financing activities:
The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$ -		$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited)

Series 10

	2015	~~2014~~		2014
Cash flows from operating activities:
Net Income(loss)	$ (~~46,574~~848)	~~$ (43,310)~~		$ 14,855
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships	(172,~~593~~293)	-		(76,000)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	-	-		3,000
(Decrease) Increase in accounts payable affiliates	(52204,~~878~~884)	~~30,870~~		46,305
Net cash (used in) provided by operating activities	(~~101~~278,~~045~~025)	~~(12,440)~~		(11,840)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	172,~~593~~293	-		76,000
Net cash provided by investing activities	172,~~593~~293	-		76,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(99205,~~452~~732)	~~(12,440)~~		64,160
Cash and cash equivalents, beginning	205,732	~~146,318~~		146,318
Cash and cash equivalents, ending	$ ~~106,280~~-	~~$ 133,878~~		$ 210,478
Significant noncash investing and financing activities:
The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.		$ 1,298,874	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 11

	2015	~~2014~~		2014
Cash flows from operating activities:
Net Income(loss)	$ ~~515~~494,~~473~~768	~~$ 74,405~~		$ 137,186
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships	(575,209)	~~(111,275)~~		(160,139)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	-	-		5,000
(Decrease) Increase in accounts payable affiliates	(~~539~~524,~~977~~065)	~~52,377~~		(35,194)
Net cash (used in) provided by operating activities	(~~599~~604,~~713~~506)	~~15,507~~		(53,147)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	575,209	~~190~~		160,139
Net cash provided by investing activities	575,209	~~190~~		160,139
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(2429,~~504~~297)	~~15,697~~		106,992
Cash and cash equivalents, beginning	211,756	~~156,017~~		156,017
Cash and cash equivalents, ending	$ ~~187~~182,~~252~~459	~~$ 171,714~~		$ 263,009
Significant noncash investing and financing activities:
The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.		$ -	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 12

	~~2015~~	~~2014~~2015		2014
Cash flows from operating activities:
Net Income(loss)	~~$ 336,821~~	$ ~~(47~~370,~~420)~~841		$ 3,821
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships	~~(385,233)~~	-(385,233)		(69,513)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	-	-		7,500
(Decrease) Increase in accounts payable affiliates	~~(361,536)~~	(87350,~~391~~829)		(70,321)
Net cash (used in) provided by operating activities	~~(409,948)~~	(~~134~~365,~~811~~221)		(128,513)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	~~385,233~~	-385,233		69,513
Net cash provided by investing activities	~~385,233~~	-385,233		69,513
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	~~(24,715)~~	~~(134~~20,~~811)~~012		(59,000)
Cash and cash equivalents, beginning	~~160,021~~	~~297~~160,~~212~~021		297,212
Cash and cash equivalents, ending	~~$ 135,306~~	$ ~~162~~180,~~401~~033		$ 238,212
Significant noncash investing and financing activities:
The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.	$ -		$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership STATEMENTS OF CASH FLOWS ~~Six~~Nine Months Ended ~~September~~December 3031, (Unaudited) Series 14

	2015	~~2014~~		2014
Cash flows from operating activities:
Net Income(loss)	$ 5631,~~622~~561	~~$ (52,816)~~		$ 2,441,437
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Share of Income from Operating Partnerships	(17,803)	~~(37,000)~~		(81,308)
Changes in assets and liabilities
(Decrease) Increase in accounts payable and accrued expenses	-	~~3,000~~		10,000
(Decrease) Increase in accounts payable affiliates	(~~633~~607,~~541~~960)	~~(6,546)~~		(2,396,213)
Net cash (used in) provided by operating activities	(594,~~722~~202)	~~(93,362)~~		(26,084)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	2,116	~~37,000~~		81,308
Net cash provided by investing activities	2,116	~~37,000~~		81,308
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(592,~~606~~086)	~~(56,362)~~		55,224
Cash and cash equivalents, beginning	942,286	~~375,969~~		375,969
Cash and cash equivalents, ending	$ ~~349~~350,~~680~~200	~~$ 319,607~~		$ 431,193
Significant noncash investing and financing activities:
The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.		$ -	$ -

The accompanying notes are an integral part of these condensed statements

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~September~~December 3031, 2015

(Unaudited)

NOTE A - ORGANIZATION

Boston Capital Tax Credit Fund II Limited Partnership (the "Partnership") was
formed under the laws of the State of Delaware as of September 28, 1989, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of June 1, 2001 there was a restructuring, and as a result, the Partnership's general partner was reorganized as follows. The general partner of the Partnership continues to be Boston Capital Associates II Limited Partnership, a Delaware limited partnership. The general partner of the general partner is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning. Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the general partner is Capital Investment Holdings, a general partnership whose partners are certain officers and employees of Boston Capital Partners, Inc. and its affiliates. The assignor limited partner is BCTC II Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning.

Pursuant to the Securities Act of 1933, the Partnership filed a Form S-11 Registration Statement with the Securities and Exchange Commission, effective October 25, 1989, which covered the offering (the "Public Offering") of the Partnership's beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The Partnership registered 20,000,000 BACs at $10 per BAC for sale to the public in six series. The Partnership sold 1,036,100 of Series 7 BACs, 4,178,029 of Series 9 BACs, 2,428,925 of Series 10 BACs, 2,489,599 of Series 11 BACs, 2,972,795 of Series 12 BACs, and 5,574,290 of Series 14 BACs. As of ~~September~~December 3031, 2015 1,036,100 BACs in Series 7, 4,156,429 BACs in Series 9, 2,421,225 BACs in Series 10, 2,486,499 BACs in Series 11, 2,947,595 BACs in Series 12, and 5,540,940 BACs in Series 14 are outstanding. The Partnership issued the last BACs in Series 14 on January 27, 1992. This concluded the Public Offering of the Partnership.

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements included herein as of ~~September~~December 3031, 2015 and for the three and ~~six~~nine months then ended have been prepared by the Partnership, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. No BACs with respect to Series 8 and Series 13 were offered. The Partnership accounts for its investments in Operating Partnerships using the equity method, whereby the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES - CONTINUED

Costs incurred by the Partnership in acquiring the investments in Operating Partnerships were capitalized to the investment account. The Partnership's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Partnership's Annual Report on Form 10-K for the fiscal year ended March 31, 2015.

NOTE C - RELATED PARTY TRANSACTIONS

The Partnership has entered into several transactions with various affiliates of the general partner, including Boston Capital Holdings, L.P. and Boston Capital Asset Management Limited Partnership, or BCAMLP, as follows:

Accounts payable affiliates at ~~September~~December 3031, 2015 and 2014 represents accrued general and administrative expenses, accrued partnership management fees, and advances from an affiliate of the general partner, which are payable to Boston Capital Holdings, L.P. and Boston Capital Asset Management Limited Partnership.

An annual partnership management fee based on .5 percent of the aggregate
cost of all apartment complexes owned by the Operating Partnerships has been
accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The partnership management fee accrued for the quarters ended ~~September~~December 3031, 2015 and 2014 are as follows:

	2015	2014
Series 7	$ -	$ -
Series 9	1514,~~025~~289	18,630
Series 10	109,~~777~~290	15,435
Series 11	15,912	2623,~~004~~514
Series 12	10,707	17,070
Series 14	2625,~~187~~581	4038,~~227~~001
	$ 78,608	$ 117,366
	$ 75,779	$ 112,650

The partnership management fee paid for the quarters ended ~~September~~December 3031, 2015 and 2014 are as follows:

	2015	2014
Series 7	$ -	$ -
Series 9	-	-
Series 10	76161,~~000~~296	-
Series 11	~~575,209~~-	-111,085
Series 12	~~385,233~~-	~~121,531~~-
Series 14	~~687,128~~-	872,~~000~~427,668
	$ 1,723,570	$ 208,531
	$ 161,296	$ 2,538,753

The partnership management fee paid for the ~~six~~nine months ended ~~September~~December 3031, 2015 and 2014 are as follows:

	2015	2014
Series 7	$ -	$ -
Series 9	-	-
Series 10	76237,~~000~~296	-
Series 11	575,209	-111,085
Series 12	385,233	121,531
Series 14	687,128	872,~~000~~514,668
	$ 1,723,570	$ 208,531
	$ 1,884,866	$2,747,284

During the nine months ended December 31, 2015, the accrued partnership management fee balance of $1,298,874 for Series 10 has been forgiven, and the general partner has recorded this amount as a capital contribution.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED) ~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At ~~September~~December 3031, 2015, and 2014 the Partnership had limited partnership interests in 5448 and 7363 Operating Partnerships, respectively, which own apartment complexes. The number of Operating Partnerships in which the Partnership had limited partnership interests at ~~September~~December 3031, 2015 and 2014 by series is as follows:

	2015	2014
Series 7	-	-
Series 9	8	109
Series 10	6-	98
Series 11	9	1311
Series 12	9	1310
Series 14	22	2825
	54	73
	48	63

Under the terms of the Partnership's investment in each Operating Partnership, the Partnership is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations.

The contributions payable at ~~September~~December 3031, 2015 and 2014 by series are as follows:

	2015	2014
Series 7	$ -	$ -
Series 9	-	-
Series 10	-	-
Series 11	-	-
Series 12	9,241	9,241
Series 14	145,046	160,733

	$154,287	$169,974

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED) ~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - Continued

During the ~~six~~nine months ended ~~September~~December 3031, 2015, the Partnership disposed of ~~five~~eleven Operating Partnerships. A summary of the disposition by Series for ~~September~~December 3031, 2015 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Partnership Proceeds from Disposition *		Gain on Disposition
Series 7	-	-	$	-	$	-
Series 9	1	-		1,593		1,593
Series 10	17	-		172,~~593~~293		172,~~593~~293
Series 11	-	1		575,209		575,209
Series 12	-	1		385,233		385,233
Series 14	1	-		2,116		17,803
Total	39	2	$	~~965~~1,~~744~~036,444	$	~~981~~1,~~431~~052,131

* Partnership proceeds from disposition do not include $15,687, which was due to a write-off of capital contribution payable as of ~~September~~December 3031, 2015, for Series 14.

During the ~~six~~nine months ended ~~September~~December 3031, 2014, the Partnership disposed of ~~three~~thirteen Operating Partnerships. A summary of the disposition by Series for ~~September~~December 3031, 2014 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Partnership Proceeds from Disposition *		Gain on Disposition
Series 7	-	-	$	-	$	-
Series 9	-	-1		-78,000		-78,000
Series 10	-1	-		-76,000		-76,000
Series 11	13	1		~~190~~160,139		~~111~~160,~~275~~139
Series 12	-3	-		-69,513		-69,513
Series 14	14	-		3781,~~000~~308		3781,~~000~~308
Total	211	12	$	37464,~~190~~960	$	~~148~~464,~~275~~960

* Partnership proceeds from disposition do not include $111,085 recorded as a receivable as of September 30, 2014, for Series 11.

The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Partnership's investment in the Operating Partnership. As such, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements.

The Partnership's fiscal year ends March 31 of each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership agreement, financial results for each of the Operating Partnerships are provided to the Partnership within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the ~~six~~nine months ended ~~June~~September 30, 2015.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - Continued

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30,

(Unaudited)

		2015	2014
Revenues
	Rental	$ 46,~~735~~049,~~274~~292	$ 69,~~757~~440,~~160~~524
	Interest and other	~~113~~164,~~366~~119	~~121~~165,~~541~~984
		4,848,640	6,878,701
		6,213,411	9,606,508
Expenses
	Interest	~~559~~730,~~982~~857	~~855~~1,~~064~~168,915
	Depreciation and amortization	1,~~098~~434,~~986~~769	12,~~681~~342,~~554~~878
	Operating expenses	34,~~699~~708,~~814~~397	57,~~070~~071,~~813~~239
		5,358,782	7,607,431
		6,874,023	10,583,032
NET LOSS		$ (~~510~~660,~~142~~612)	$ (~~728~~976,~~730~~524)
	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ (~~505~~654,~~040~~006)	$ (~~721~~966,~~443~~758)
	Net loss allocated to other partners	$ (56,~~102~~606)	$ (79,~~287~~766)

*Amounts include $~~505~~654,~~040~~006 and $~~721~~966,~~443~~758 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of
accounting. Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnership's results of
operations and for any distributions received or accrued. However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions. Excess losses are suspended for use in future years to
offset excess income.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - Continued

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30,

(Unaudited)

Series 7

		2015	2014

Revenues
	Rental	$ -	$ -
	Interest and other	-	-
		-	-

Expenses
	Interest	-	-
	Depreciation and amortization	-	-
	Operating expenses	-	-
		-	-

NET LOSS		$ -	$ -

	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ -	$ -


	Net loss allocated to other partners	$ -	$ -

*Amounts include $0 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - Continued

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30, (Unaudited)

Series 9

		2015	2014
Revenues
	Rental	$ ~~869~~1,~~278~~239,725	$ 1,~~029~~475,~~573~~316
	Interest and other	1927,~~600~~775	2332,~~898~~289
		888,878	1,053,471
		1,267,500	1,507,605
Expenses
	Interest	~~110~~146,~~284~~582	~~128~~186,~~075~~711
	Depreciation and amortization	~~216~~317,~~066~~344	~~258~~372,~~152~~558
	Operating expenses	~~673~~974,~~989~~650	~~728~~1,~~680~~052,733
		1,000,339	1,114,907
		1,438,576	1,612,002
NET LOSS		$ (~~111~~171,~~461~~076)	$ (61104,~~436~~397)
	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ (~~110~~169,~~346~~365)	$ (60103,~~822~~353)
	Net loss allocated to other partners	$ (1,~~115~~711)	$ (~~614~~1,044)

*Amounts include $~~110~~169,~~346~~365 and $60103,~~822~~353 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30, (Unaudited)

Series 10

		2015	2014
Revenues
	Rental	$ ~~578,328~~-	$ ~~791~~1,~~320~~101,019
	Interest and other	~~12,991~~-	1922,~~067~~995
		591,319	810,387
		-	1,124,014
Expenses
	Interest	~~62,857~~-	88122,~~136~~289
	Depreciation and amortization	~~133,164~~-	~~191~~276,~~651~~257
	Operating expenses	~~495,477~~-	~~693~~946,~~860~~075
		691,498	973,647
		-	1,344,621
NET LOSS		$ ~~(100,179)~~-	$ (~~163~~220,~~260~~607)
	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ ~~(99,177)~~-	$ (~~161~~218,~~627~~401)
	Net loss allocated to other partners	$ ~~(1,002)~~-	$ (12,~~633~~206)

*Amounts include $~~99,177~~0 and $~~161~~218,~~627~~401 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30, (Unaudited)

Series 11

		2015	2014
Revenues
	Rental	$ ~~965~~1,~~044~~426,539	$ 12,~~553~~159,~~352~~244
	Interest and other	1521,~~192~~559	2232,~~474~~752
		980,236	1,575,826
		1,448,098	2,191,996
Expenses
	Interest	~~103~~154,~~689~~483	~~178~~249,~~756~~449
	Depreciation and amortization	~~227~~339,~~747~~441	~~376~~530,~~780~~579
	Operating expenses	~~718~~1,~~370~~081,548	1,~~090~~552,~~688~~569
		1,049,806	1,646,224
		1,575,472	2,332,597
NET LOSS		$ (69127,~~570~~374)	$ (70140,~~398~~601)
	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ (68126,~~874~~100)	$ (69139,~~694~~195)
	Net loss allocated to other partners	$ (~~696~~1,274)	$ (~~704~~1,406)

*Amounts include $68126,~~874~~100 and $69139,~~694~~195 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30, (Unaudited)

Series 12

		2015	2014
Revenues
	Rental	$ ~~579~~852,~~765~~232	$ ~~989~~1,~~786~~340,407
	Interest and other	4075,~~472~~043	1219,~~666~~659
		620,237	1,002,452
		927,275	1,360,066
Expenses
	Interest	66119,~~681~~838	~~128~~177,~~328~~095
	Depreciation and amortization	~~130~~196,~~882~~560	~~213~~295,~~740~~322
	Operating expenses	~~440~~671,~~992~~991	~~734~~988,~~296~~708
		638,555	1,076,364
		988,389	1,461,125
NET LOSS		$ (1861,~~318~~114)	$ (73101,~~912~~059)
	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ (1860,~~135~~503)	$ (73100,~~173~~048)
	Net loss allocated to other partners	$ (~~183~~611)	$ (~~739~~1,011)

*Amounts include $1860,~~135~~503 and $73100,~~173~~048 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)

~~September~~December 3031, 2015

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS ~~Six~~Nine Months Ended ~~June~~September 30, (Unaudited)

Series 14

		2015	2014
Revenues
	Rental	$ 12,~~742~~530,~~859~~796	$ 23,~~393~~364,~~129~~538
	Interest and other	2539,~~111~~742	4358,~~436~~289
		1,767,970	2,436,565
		2,570,538	3,422,827
Expenses
	Interest	~~216~~309,~~471~~954	~~331~~433,~~769~~371
	Depreciation and amortization	~~391~~581,~~127~~424	~~641~~868,~~231~~162
	Operating expenses	1,~~370~~980,~~986~~208	12,~~823~~531,~~289~~154
		1,978,584	2,796,289
		2,871,586	3,832,687
NET LOSS		$ (~~210~~301,~~614~~048)	$ (~~359~~409,~~724~~860)
	Net loss allocated to Boston Capital Tax Credit Fund II Limited Partnership*	$ (~~208~~298,~~508~~038)	$ (~~356~~405,~~127~~761)
	Net loss allocated to other partners	$ (23,~~106~~010)	$ (34,~~597~~099)

*Amounts include $~~208~~298,~~508~~038 and $~~356~~405,~~127~~761 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED) ~~September~~December 3031, 2015 (Unaudited)

NOTE E - TAXABLE LOSS

The taxable loss for the calendar year ended December 31, 2015 is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods.

NOTE F - INCOME TAXES

The Partnership has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Partnership's federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Partnership is not required to take any tax positions in order to qualify as a pass-through entity. The Partnership is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Partnership has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Partnership are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open.

Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED) ~~September~~December 3031, 2015 (Unaudited)

NOTE G - PLAN OF LIQUIDATION

On March 3, 2010, our General Partner recommended that the BAC holders approve a plan of liquidation and dissolution for the Partnership, or the "Plan." The Plan was approved by the BAC holders on July 1, 2010, and was adopted by the General Partner on July 1, 2010. Pursuant to the Plan, the General Partner is able to, without further action by the BAC holders:

liquidate the assets and wind up the business of the Partnership;
make liquidating distributions in cancellation of the BACs;
dissolve the Partnership after the sale of all of the Partnership's assets; and
take, or cause the Partnership to take, such other acts and deeds and shall do, or cause the Partnership to do, such other things, as are necessary or appropriate in connection with the dissolution, winding up and liquidation of the Partnership, the termination of the responsibilities and liabilities of the Partnership under applicable law, and the termination of the existence of the Partnership.

Since the approval of the Plan by the BAC holders, we have continued to seek to sell the assets of the Partnership and use the sale proceeds and/or other Partnership funds to pay all expenses in connection with such sales, pay or make provision for payment of all Partnership obligations and liabilities, including accrued fees, and unpaid loans to the General Partner, and distribute the remaining assets as set forth in the Partnership Agreement. We expected to complete the sale of the apartment complexes approximately three to five years after the BAC holders approval of the Plan, which was July 1, 2010. However, because of numerous uncertainties, the liquidation has taken longer than originally projected. At this time, the General Partner estimates that an additional two to four years will be needed to effectuate the liquidation as approved by the BAC holders, and the final liquidating distribution may occur months after all of the apartment complexes have been sold. As liquidation is not imminent, the Partnership will continue to report as a going concern.

For additional information regarding the sale of Partnership assets, see "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Annual Report on Form 10-K.

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations

This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements including our intentions, hopes, beliefs, expectations, strategies and predictions of our future activities, or other future events or conditions. These statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created by these acts. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including, for example, the factors identified in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. Although we believe that the assumptions underlying these forward-looking statements are reasonable, any of the assumptions could be inaccurate, and there can be no assurance that the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

Liquidity

The Partnership's primary source of funds was the proceeds of its Public Offering. Other sources of liquidity include (i) interest earned on capital contributions unpaid for the nine months ended December 31, 2015 or on working capital reserves, (ii) cash distributions from operations of the Operating Partnerships in which the Partnership has invested and (iii) proceeds received from the dispositions of the Operating Partnership that are returned to fund reserves. These sources of liquidity, along with the Partnership's working capital reserve, are available to meet the obligations of the Partnership. The Partnership does not anticipate significant cash distributions from operations of the Operating Partnerships.

The Partnership has recognized other income for the ~~six~~nine months ended ~~September~~December 3031, 2015 and 2014 in the amount of $~~127~~178,~~517~~829 and $532,~~820~~481,680. The balance represents distributions received from Operating Partnerships, which the Partnership normally records as a decrease in the Investment in Operating Partnerships. Due to the equity method of accounting, the Partnership has recorded these distributions as other income.

The Partnership is currently accruing the partnership management fee. Partnership management fees accrued during the quarter ended ~~September~~December 3031, 2015 were $~~167~~75,~~160~~779 and total partnership management fees accrued as of ~~September~~December 3031, 2015 were $1311,~~366~~981,~~368~~977. During the ~~six~~nine months ended ~~September~~December 3031, 2015, the Partnership paid $1,~~723~~884,~~570~~866 accrued partnership management fees and the accrued balance of $1,298,874 in Series 10 has been forgiven. The general partner has recorded this amount as a capital contribution. Pursuant to the Partnership Agreement, these liabilities will be deferred until the Partnership receives proceeds from sales of the Operating Partnerships, which will be used to satisfy these liabilities. The Partnership's working capital and sources of liquidity coupled with affiliated party liability accruals allow sufficient levels of liquidity to meet the third party obligations of the Partnership. The Partnership is currently unaware of any trends that would create insufficient liquidity to meet future third party obligations of the Partnership.

As of ~~September~~December 3031, 2015, an affiliate of the general partner of the Partnership advanced a total of $153,188, on behalf of Series 12, to pay some operating expenses of the Partnership, and to make advances and/or loans to Operating Partnerships. These advances are included in Accounts payable affiliates. During the quarter ended ~~September~~December 3031, 2015, the Partnership did not receive any repayment of advances.

All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Partnership's interests in Operating Partnerships. During the quarter ended ~~September~~December 3031, 2015, no payments were made to an affiliate of the general partner.

Capital Resources

The Partnership offered BACs in a Public Offering declared effective by the Securities and Exchange Commission on October 25, 1989. The Partnership received and accepted subscriptions for $186,337,017 representing 18,679,738 BACs from investors admitted as BAC holders in Series 7 through Series 14 of the Partnership.

As of ~~September~~December 3031, 2015 the Partnership had $~~921~~852,~~826~~238 remaining in cash and cash equivalents. Below is a table, which provides, by series, the equity raised, number of BACs sold, final date BACs were offered, number of properties held at ~~September~~December 3031, 2015, and cash and cash equivalents.

Series	Equity	BACs Sold	Final Close Date	Number of Properties	Cash and Cash Equivalents
7	$ 10,361,000	1,036,100	12/29/89	-	$ -
9	41,574,018	4,178,029	05/04/90	8	~~143~~139,~~308~~546
10	24,288,997	2,428,925	08/24/90	6-	~~106,280~~-
11	24,735,002	2,489,599	12/27/90	9	~~187~~182,~~252~~459
12	29,710,003	2,972,795	04/30/91	9	~~135~~180,~~306~~033
14	55,728,997	5,574,290	01/27/92	22	~~349~~350,~~680~~200
	$186,398,017	18,679,738		5448	$ ~~921~~852,~~826~~238

Reserve balances are remaining proceeds less outstanding capital contribution obligations, which have not been advanced or loaned to the Operating Partnerships. The reserve balances for Series 9,~~10,~~11,12 and 14 as of ~~September~~December 3031, 2015 are $~~143~~139,~~308~~546, $~~106~~182,~~280~~459, $~~187~~170,~~252,~~792 ~~$126,065~~ and $~~204~~192,~~634~~554, respectively.

(Series 8) No BACs with respect to Series 8 were offered.

(Series 13) No BACs with respect to Series 13 were offered.

Results of Operations

As of ~~September~~December 3031, 2015 and 2014 the Partnership held limited partnership interests in 5448 and 7363 Operating Partnerships, respectively. In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which initially complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy." Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K. The general partner believes that there is adequate casualty insurance on the properties.

The Partnership incurs an annual partnership management fee to the general partner of the Partnership and/or its affiliates in an amount equal to 0.5% of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various partnership management and reporting fees paid by the Operating Partnerships. The partnership management fees incurred and the reporting fees paid by the Operating Partnerships for the ~~six~~nine months ended ~~September~~December 3031, 2015 are as follows:

	3 Months Gross Management Fee	3 Months Reporting Fee	3 Months Management Fee Net of Reporting Fee
Series 7	$ -	$ -	$ -
Series 9	1514,~~025~~289	34,~~151~~741	119,~~874~~548
Series 10	109,~~777~~290	110,~~605~~000	~~9,172~~(710)
Series 11	15,912	32,~~180~~035	1213,~~732~~877
Series 12	10,707	1,~~755~~328	89,~~952~~379
Series 14	2625,~~187~~581	513,~~442~~179	2012,~~745~~402
	$ 78,608	$ 15,133	$ 63,475
	$ 75,779	$ 31,283	$ 44,496
	6 Months Gross Management Fee	6 Months Reporting Fee	6 Months Management Fee Net of Reporting Fee
	9 Months Gross Management Fee	9 Months Reporting Fee	9 Months Management Fee Net of Reporting Fee
Series 7	$ -	$ -	$ -
Series 9	3145,~~522~~811	49,~~451~~192	2736,~~071~~619
Series 10	2332,~~122~~412	111,605	2120,~~517~~807
Series 11	3551,~~232~~144	46,~~180~~215	3144,~~052~~929
Series 12	2334,~~697~~404	34,~~411~~739	2029,~~286~~665
Series 14	5379,~~587~~168	619,~~642~~821	4659,~~945~~347
	$ 167,160	$ 20,289	$ 146,871
	$ 242,939	$ 51,572	$ 191,367

The Partnership's investment objectives do not include receipt of significant cash distributions from the Operating Partnerships in which it has invested. The Partnership's investments in Operating Partnerships have been made principally with a view towards realization of federal housing tax credits for allocation to its partners and BAC holders.

(Series 7)

The series did not have any properties as of ~~September~~December 3031, 2015 and 2014.

(Series 9)

As of ~~September~~December 3031, 2015 and 2014, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at ~~September~~December 3031, 2015, all of which were at 100% Qualified Occupancy.

For the periods ended ~~September~~December 3031, 2015 and 2014, Series 9 reflects loss from Operating Partnerships of $(~~111~~171,~~461~~076) and $(61104,~~436~~397), respectively, which includes depreciation and amortization of $~~216~~317,~~066~~344 and $~~258~~372,~~152~~558, respectively. This is an interim period estimate; it is not indicative of the final year end results.

In April 2014, the operating general partner of Kristin Park Apartments Limited entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on November 14, 2014. The sales price of the property was $1,376,484, which included the outstanding mortgage balance of approximately $1,291,484 and cash proceeds to the investment partnership of $85,000. Of the total proceeds received by the investment partnership, $2,000 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $78,000 were returned to cash reserves held by Series 9. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership has been recorded in the amount of $78,000 as of December 31, 2014.

In July 2015 the investment general partner transferred its interest in Longmeadow Housing Associates LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,349,196 and cash proceeds to the investment partnership of $1,593. The total proceeds of approximately $1,593 were returned to cash reserves held by Series 9. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $1,593 as of September 30, 2015.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

Glenwood Hotel Investors

(Series 10)

As of ~~September~~December 3031, ~~2015 and~~ 2014, the average Qualified Occupancy for the series was 100%. The series ~~had~~did anot ~~total~~have ofany 6 properties atas ~~September~~of ~~30,~~December ~~2015~~31, ~~all of which were at 100% Qualified Occupancy~~2015.

For the periods ended ~~September~~December 3031, 2015 and 2014, Series 10 reflects net loss from Operating Partnerships of $~~(100,179)~~0 and $(~~163~~220,~~260~~607), respectively, which includes depreciation and amortization of $~~133,164~~0 and $~~191~~276,~~651~~257, respectively. This is an interim period estimate; it is not indicative of the final year end results.

In February 2015, the investment general partner transferred their respective interests in Maidu Properties, A California Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $867,063 and cash proceeds to the investment partnerships of $347,534, $391,899, and $810,567 for Series 10, Series 11, and Series 14, respectively. Of the total proceeds received, $2,803, $3,160, and $6,537 for Series 10, Series 11, and Series 14, respectively, were paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $344,731, $388,739 and $804,030 were returned to cash reserves held by Series 10, Series 11, and Series 14, respectively. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $344,731, $388,739, and $804,030 by Series 10, Series 11, and Series 14, respectively, as of March 31, 2015.

In December 2014, the investment general partner transferred its interest in Candlewick Place to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,144,978 and cash proceeds to the investment partnership of $80,000. Of the total proceeds received, $1,000 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $76,000 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $76,000 as of December 31, 2014.

In July 2015 the investment general partner transferred its interest in Woodside Housing Associates, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,352,983 and cash proceeds to the investment partnership of $1,593. The total proceeds of approximately $1,593 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $1,593 as of September 30, 2015.

~~The~~In December 2015 the investment general partner transferred its interest in Autumn Lane LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $670,330 and cash proceeds to the investment partnership of $5,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,500 were returned to cash reserves held by Series 10. The monies held in cash reserves will ~~continue~~be utilized to ~~monitor~~pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the ~~following~~investment ~~Operating~~partnership. ~~Partnerships~~After ~~because~~all outstanding obligations of ~~operational~~the orinvestment ~~other~~partnership ~~issues~~are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. ~~However~~Annual losses generated by the Operating Partnership, ~~these~~which were applied against the investment limited partnership investment in the Operating ~~Partnerships~~Partnership ~~have~~in ~~all~~accordance ~~exited~~with ~~their~~the ~~LIHTC~~equity ~~compliance~~method ~~period~~of ~~and~~accounting, ~~there~~had ispreviously ~~therefore~~reduced nothe ~~risk~~investment limited partnership investment in the Operating Partnership to ~~past~~zero. ~~credit~~Accordingly, ~~delivery~~a gain on the transfer of the Operating Partnership has been recorded in the amount of $2,500 as of December 31, 2015.

~~Autumn~~In ~~Lane~~December ~~Limited~~2015 the investment general partner transferred its interest in Cedarstone Associates LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $702,335 and cash proceeds to the investment partnership of $19,200. Of the total proceeds received, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,200 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $16,200 as of December 31, 2015.

~~Beckwood~~In ~~Manor~~November ~~Six~~2015 ~~Limited~~the investment general partner transferred its interest in Housing Investors of Athens II LP to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,222,169 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $22,500 as of December 31, 2015.

In December 2015 the investment general partner transferred its interest in Meadowbrook Properties II LP to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,333,968 ~~Limited~~and cash proceeds to the investment partnership of $5,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,500 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $2,500 as of December 31, 2015.

In December 2015 the investment general partner transferred its economic interest in Stratford Square, Limited Partnership to an unrelated third party for its assumption of the outstanding mortgage balance of approximately $689,260 and cash proceeds to the investment partnership of $25,000. Of the total proceeds received, $9,000 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $13,500 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $13,500 as of December 31, 2015.

In December 2015 the investment general partner transferred its interest in Summer Glen of Immokalee to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,334,168 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $13,500 were returned to cash reserves held by Series 10. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $13,500 as of December 31, 2015.

(Series 11)

As of ~~September~~December 3031, 2015 and 2014 the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at ~~September~~December 3031, 2015, all of which were at 100% Qualified Occupancy.

For the periods ended ~~September~~December 3031, 2015 and 2014, Series 11 reflects net loss from Operating Partnerships of $(69127,~~570~~374) and $(70140,~~398~~601), respectively, which includes depreciation and amortization of $~~227~~339,~~747~~441 and $~~376~~530,~~780~~579, respectively. This is an interim period estimate; it is not indicative of the final year end results.

In April 2013, the investment general partner transferred 49.99% of its interest in RPI Limited Partnership #18 to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,155,533 and cash proceeds to the investment partnership of $18,811. Of the proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $13,811 were returned to cash reserves held by Series 11. The remaining 50.01% investment limited partner interest in the Operating Partnership transferred in April 2014 for cash proceeds of $190, which were returned to the cash reserves held by Series 11. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. In addition, the investment general partner on behalf of the investment partnership entered into a residual receipt promissory note (the RRN) with the Operating Partnership for receipt of a residual payment. Under the terms of the RRN, if there is a capital transaction involving the property owned by the Operating Partnership at any time within 5 years from the initial transfer date, there would be a residual payment distributable to the investment partnership in accordance with the Operating Partnership Agreement in effect at the date the investment limited partner transferred its interest. Annual losses generated by the Operating Partnership, which were applied against the investment partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expenses, was recorded in the amount of $13,811 as of June 30, 2013, and $190 as June 30, 2014.

On September 29, 2014 the operating general partner of Elderly Housing of Macon, Limited Partnership sold the property to an entity affiliated with the operating general partner. The sales price of the property was $1,607,344, which included the outstanding mortgage balance of approximately $1,452,382 and cash proceeds to the investment partnership of $154,962. Of the total proceeds received by the investment partnership, $38,877 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $111,085 were returned to cash reserves held by Series 11. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expenses, was recorded in the amount of $111,085 as of September 30, 2014.

In December 2014, the investment general partner transferred its interest in Kaplan Manor Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $860,256 and cash proceeds to the investment partnership of $26,496. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,996 were returned to cash reserves held by Series 11. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expenses, was recorded in the amount of $23,996 as of December 31, 2014.

In December 2014, the investment general partner transferred its interest in Washington Manor Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $888,362 and cash proceeds to the investment partnership of $27,368. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $24,868 were returned to cash reserves held by Series 11. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expenses, was recorded in the amount of $24,868 as of December 31, 2014.

In April 2015, the operating general partner of Ivan Woods Limited Dividend Housing Association Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 26, 2015. The sales price of the property was $3,650,000, which included the outstanding mortgage balance of approximately $2,233,027 and total cash proceeds to the investment partnerships of $963,073. Of the total proceeds received by the investment partnerships, $1,989 and $1,331 for Series 11 and Series 12, respectively, were paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $574,796 and $384,957 were returned to cash reserves held by Series 11 and Series 12, respectively. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnerships. After all outstanding obligations of the investment partnerships are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnerships, which were applied against the investment partnership's investment in the Operating Partnerships in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnerships to zero. Accordingly, a gain on the sale of the Operating Partnerships of the proceeds from the sale, net of the overhead and expenses, was recorded in the amount of $574,796 and $384,957 for Series 11 and Series 12, respectively, as of June 30, 2015. In July 2015, additional proceeds of $413 and $276 were received and returned to the cash reserves held by Series 11 and Series 12.

South Fork Heights, Limited

(Series 12)

As of ~~September~~December 3031, 2015 and 2014, the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at ~~September~~December 3031, 2015, all of which were at 100% Qualified Occupancy.

For the periods ended ~~September~~December 3031, 2015 and 2014, Series 12 reflects net loss from Operating Partnerships of $(1861,~~318~~114) and $(73101,~~912~~059), respectively, which includes depreciation and amortization of $~~130~~196,~~882~~560 and $~~213~~295,~~740~~322, respectively. This is an interim period estimate; it is not indicative of the final year end results.

In December 2014, the investment general partner transferred its interest in Melville Plaza Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $824,349 and cash proceeds to the investment partnership of $25,427. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,927 were returned to cash reserves held by Series 12. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $22,927 as of December 31, 2014.

In December 2014, the investment general partner transferred its interest in Oakleigh Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $845,207 and cash proceeds to the investment partnership of $26,054. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,554 were returned to cash reserves held by Series 12. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $23,554 as of December 31, 2014.

In December 2014, the investment general partner transferred its interest in Oakwood Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $821,095 and cash proceeds to the investment partnership of $25,532. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,032 were returned to cash reserves held by Series 12. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership has been recorded in the amount of $23,032 as of December 31, 2014.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

BB&L Enterprises

Briarwick Apartments, Limited, A KY Limited Partnership

Jessup Limited Partnership

(Series 14)

As of ~~September~~December 3031, 2015 and 2014, the average Qualified Occupancy for the series was 100%. The series had a total of 22 properties at ~~September~~December 3031, 2015, all of which were at 100% Qualified Occupancy.

For the periods ended ~~September~~December 3031, 2015 and 2014, Series 14 reflects net loss from Operating Partnerships of $(~~210~~301,~~614~~048) and $(~~359~~409,~~724~~860), respectively, which includes depreciation and amortization of $~~391~~581,~~127~~424 and $~~641~~868,~~231~~162, respectively. This is an interim period estimate; it is not indicative of the final year end results.

Lakeview Meadows LDHA L.P. (Lakeview Meadows) is a 53-unit elderly apartment complex located in Battle Creek, MI. On June 16, 2014, the property experienced a devastating fire, rendering all units uninhabitable. The cause was determined to be unattended smoking materials. All residents have been housed by family, friends, or the Red Cross. There were no injuries. The investment general partner received $2,427,668 from the insurance company which has been recorded as other income, as of December 31, 2014. The 15-year low-income housing tax credit compliance period for Lakeview Meadows LDHA L.P. ended on December 31, 2006.

In December 2014, the investment general partner transferred its interest in Lakeview Meadows LDHA to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,234,500 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 14. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership has been recorded as of December 31, 2014.

In December 2014, the investment general partner transferred its interest in Blanchard Senior Apartments to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $553,590 and cash proceeds to the investment partnership of $23,424. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $20,924 were returned to cash reserves held by Series 14. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, was recorded in the amount of $20,924 as of December 31, 2014.

In September 2014, the investment general partner transferred its interest in New River Overlook Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,368,712 and cash proceeds to the investment partnership of $40,000. Of the total proceeds received, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $37,000 were returned to cash reserves held by Series 14. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, was recorded in the amount of $37,000 as of September 30, 2014.

In December 2014, the investment general partner its interest in Hessmer Village Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $838,611 and cash proceeds to the investment partnership of $25,884. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,384 were returned to cash reserves held by Series 14. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, was recorded in the amount of $23,384 as of December 31, 2014.

In January 2015, the investment general partner transferred its interest in Victoria Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,144,922 and cash proceeds to the investment partnership of $130,400. Of the total proceeds received, $9,057 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the proceeds from the transfer, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds from the transfer of approximately $118,343 were returned to cash reserves held by Series 14. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, was recorded in the amount of $118,343 as of March 31, 2015.

In July 2015 the investment general partner transferred its interest in Topsham Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,030,495 and cash proceeds to the investment partnership of $2,116. The total proceeds of approximately $2,116 were returned to cash reserves held by Series 14. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, was recorded in the amount of $2,116 as of September 30, 2015. In addition, equity outstanding for the Operating Partnership in the amount of $15,687 was recorded as gain on the transfer of the Operating Partnership as of September 30, 2015.

Beckwood Manor Six Limited Partnership

Bridge Coalition Limited Partnership

Off Balance Sheet Arrangements

None.

Critical Accounting Policies and Estimates

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), which require the Partnership to make various estimates and assumptions. The following section is a summary of some aspects of those accounting policies that may require subjective or complex judgments and are most important to the portrayal of the Partnership's financial condition and results of operations. The Partnership believes that there is a low probability that the use of different estimates or assumptions in making these judgments would result in materially different amounts being reported in the financial statements.

The Partnership is required to assess potential impairments to its long-lived assets, which are primarily investments in limited partnerships. The Partnership accounts for its investment in limited partnerships in accordance with the equity method of accounting since the Partnership does not control the operations of the Operating Partnerships. The purpose of an impairment analysis is to verify that the real estate investment balance reflected on the balance sheet does not exceed the value of the underlying investments.

If the book value of the Partnership's investment in an Operating Partnership exceeds the estimated value derived by management, which generally consists of the remaining future Low-Income Housing Credits allocable to the Partnership and the estimated residual value to the Partnership, the Partnership reduces its investment in the Operating Partnership.

In accordance with the accounting guidance for the consolidation of variable interest entities, the Partnership determines when it should include the assets, liabilities, and activities of a variable interest entity (VIE) in its financial statements, and when it should disclose information about its relationship with a VIE. The analysis that must be performed to determine which entity should consolidate a VIE focuses on control and economic factors. A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it has (1) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (2) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share such power, as defined, no party will be required to consolidate the VIE. Further, the guidance requires continual reconsideration of the primary beneficiary of a VIE.

Based on this guidance, the Operating Partnerships in which the Partnership invests meet the definition of a VIE because the owners of the equity at risk in these entities do not have the power to direct their operations. However, management does not consolidate the Partnership's interests in these VIEs, as it is not considered to be the primary beneficiary since it does not have the power to direct the activities that are considered most significant to the economic performance of these entities. The Partnership currently records the amount of its investment in these partnerships as an asset on its balance sheets, recognizes its share of partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statements. The Partnership's balance in investment in Operating Partnerships represents its maximum exposure to loss. The Partnership's exposure to loss on these partnerships is mitigated by the condition and financial performance of the underlying Housing Complexes as well as the strength of the general partners and their guarantee against credit recapture to the investors of the Partnership.

Recent Accounting Pronouncements

In February, 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis". This will improve certain areas of consolidation guidance for reporting organizations that are required to evaluate whether to consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures. ASU 2015-02 simplified and improves GAAP by: eliminating the presumption that a general partner should consolidate a limited partnership, eliminating the indefinite deferral of FASB Statement No. 167, thereby reducing the number of Variable Interest Entity (VIE) consolidation models from four to two (including the limited partnership consolidation model), and clarifying when fees paid to a decision maker should be a factor to include in the consolidation of VIEs. ASU 2015-02 will be effective for periods beginning after December 15, 2015. The Partnership is currently evaluating the potential impact of the adoption of this guidance on its financial statements.

Item 3	Quantitative and Qualitative Disclosure About Market Risk

	Not Applicable

Item 4	Controls and Procedures
	(a)	Evaluation of Disclosure Controls and Procedures
		As of the end of the period covered by this report, the Partnership's general partner, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of C&M Management Inc., carried out an evaluation of the effectiveness of the Partnership's "disclosure controls and procedures" as defined under the Securities Exchange Act of 1934 Rules 13a-15 and 15d-15 with respect to each series individually, as well as the Partnership as a whole. Based on that evaluation, the Partnership's Principal Executive Officer and Principal Financial Officer have concluded that as of the end of the period covered by this report, the Partnership's disclosure controls and procedures with respect to each series individually, as well as the Partnership as a whole, were effective to ensure that information relating to any series or the Partnership as a whole required to be disclosed by it in the reports that it files or submits under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and (ii) is accumulated and communicated to the Partnership's management, including the Partnership's Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.
	(b)	Changes in Internal Controls
		There were no changes in the Partnership's internal control over financial reporting that occurred during the quarter ended September 30, 2015 that materially affected, or are reasonably likely to materially affect, the Partnership's internal control over financial reporting.
		There were no changes in the Partnership's internal control over financial reporting that occurred during the quarter ended December 31, 2015 that materially affected, or are reasonably likely to materially affect, the Partnership's internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings
	None
Item 1A.	Risk Factors
	There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2015.
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
	None
Item 3.	Defaults upon Senior Securities
	None
Item 4.	Mine Safety Disclosures
	Not Applicable
Item 5.	Other Information
	None
Item 6.	Exhibits
	(a)Exhibits
		31.a Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herein
		31.b Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herein
		32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herein
		32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herein
		101. The following materials from the Boston Capital Tax Credit Fund II L.P. Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herein
		101. The following materials from the Boston Capital Tax Credit Fund II L.P. Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2015 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herein

SIGNATURES

Pursuant to the requirements of Section 13 of the Securities
Exchange Act of 1934, the Partnership has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.

	Boston Capital Tax Credit Fund II Limited Partnership
	By:	Boston Capital Associates II Limited Partnership, General Partner
	By:	BCA Associates Limited Partnership, General Partner
	By:	C&M Management, Inc., General Partner
Date: November 13, 2015	/s/ John P. Manning
Date: February 12, 2016	/s/ John P. Manning
	John P. Manning

Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on
behalf of the Partnership and in the capacities and on the dates
indicated:

DATE:	SIGNATURE:	TITLE:
November 13, 2015	/s/ John P. Manning John P. Manning	Director, President (Principal Executive Officer), C&M Management Inc.; Director, President (Principal Executive Officer) BCTC II Assignor Corp.
February 12, 2016	/s/ John P. Manning John P. Manning	Director, President (Principal Executive Officer), C&M Management Inc.; Director, President (Principal Executive Officer) BCTC II Assignor Corp.

DATE:	SIGNATURE:	TITLE:
November 13, 2015	/s/ Marc N. Teal Marc N. Teal	Chief Financial Officer (Principal Financial and Accounting Officer), C&M Management Inc; Chief Financial Officer (Principal Financial and Accounting Officer) BCTC II Assignor Corp.
February 12, 2016	/s/ Marc N. Teal Marc N. Teal	Chief Financial Officer (Principal Financial and Accounting Officer), C&M Management Inc; Chief Financial Officer (Principal Financial and Accounting Officer) BCTC II Assignor Corp.

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