Limited partners don't pay self-employment tax on their distributive share of partnership income, but do pay self-employment tax on guaranteed payments. If you do not have guaranteed payments then you should not have self employment tax. If this is the case, then you should not have an entry in Box 14, of your K1.
If you do have an entry in that box, then check with the accounting office that issued the K1 to see if a correction is necessary.
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