Please clarify the following info:
- What type of business provided the Schedules K-1 for you and your wife?
- Who prepared Form 1065 for this business?
- Are you both general members/partners in that business?
In general, if you are both general partners who actively participate in the partnership and have paid self-employment taxes in the past, both Sch K-1's should reflect GP status and report income on Line 14. Entering these details for your personal tax return (married, filing jointly) should result in SE earnings that may be subject to SE tax.
You might check with whomever prepared Form 1065 to be sure both Schedules K-1 are correct.
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