General Partners who materially participate in a partnership must pay self-employment taxes on most income reported to them by the partnership, even flow-through income (the exceptions are dividends, interest, and rental income - see IRS Instructions for Form 1065 Schedule K-1 Self-Employment). This is not true for Limited Partners. The attorney who prepared the partnership documents for you should have explained this before a decision was made to make all the partners General Partners.
Since this is the general rule, TurboTax allocates income to Schedule K-1 Box 14 accordingly. Your investment group is an exception to the rule, which requires special handling.
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