No, it would not result in an Imputed Understatement of tax due. If you overstated net income (because the expense is missing to reduce income) it would have resulted in an overstatement of tax due for your partners individually. Again, the choice of form stems from who found the error, you or an IRS auditor, and then whether or not the tax due was understated. Since it is you, and not a formal IRS audit, you just need to file the amended return and the amended K-1s and you'll be good to go!
@SunnyTX
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