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ADS  - nothing needs to be done unless the partnership reports excess business interest. I don't think Turbotax is capable of handling this situation. but it doesn't seem that any EBI has been reported.

 

wages not sure why this was even reported. has no effect 

 

if distributions exceed your tx basis you have a capital gain. short-term if you've owned the partnership for 1 year or less. long-term otherwise.

 

the other items are only used to compute unrelated business income which only applies to tax-exempt entities like IRAs, pension plans, 401ks, and the like. so if you own the partnership you can ignore this info. 

if the partnership interest is owned by a tax-exempt entity, nothing on the k-1 gets reported on your 1040