A general partner takes part in the daily operations of the partnership and is personally responsible for the liabilities of the partnership. A limited partner a partnership has a share of ownership but he or she takes no part in managing the partnership. A limited partner is not liable for any amount greater than his or her original investment in the partnership, while a general partner is liable for all of the partnership's liabilities.
Both limited partners and general partners receive a share in profits and losses of the partnership, based on their percentage share of the partnership.
You can read more details here http://www.irs.gov/publications/p3402/ar02.html#en_US_publink1000244332
If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U.S. Return of Partnership Income. There is an exception to married couples who operate in a community property state.
Also, I noticed you are using the Home & Business version of TurboTax, if you must file a Partnership return, you will need the Business version of TurboTax and not the Home & Business version. https://turbotax.intuit.com/small-business-taxes
