I agree ... seek local professional assistance to get educated on what you can and cannot do ... the partnership issues a K-1 to report the net income from the partnership after expenses which do not include partner draws and loans. What you may have taken is guaranteed payments and those are also reported on the K-1. You may have also taken loans from the business and added more capital to the company. What you have indicated is not at all clear so if the accountant who keeps the books and/or prepares the return cannot explain it to you well then seek outside council.
