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Is Box 14 on the Form 1065 K-1 completed?
The guaranteed payments belong on Form 1040 Schedule E Column (j)
If you look at the references on the 2nd page of the K-1 for line 4 on page 1 you'll find the same reference:
"Guaranteed payments Schedule E, line 28, column (j)"
What remains is to determine if the "Guaranteed Payments" constitute "self-employment" income which should
be noted in Box 14 on Page 1 of the K-1.
Let me know if you have any additional questions.