No, you do not have to report the specific K-1 information on your partnership return. Since the security deposits are not income to the partnership (unless they are forfeited), you should not report income of any kind. They should be listed as a liability on your balance sheet on your books, and if you are required to report your balance sheet (TurboTax will ask questions to determine that as you enter the information) you will show the deposits there.
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