AliciaP1
Expert Alumni

Business & farm

An Imputed Understatement of tax is an audit finding - meaning you can't find one, only the IRS can find one during a formal tax audit.  As I said, (even though I misunderstood the direction of the expense adjustment) you can file the amended 1065 and amended K-1s and you'll be good to go!

 

@SunnyTX 

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