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@gabjo00 wrote:

  I am confused what I should be doing with this. 

This partnership is now sold and the partner (my client) said she was told she can have offsets to her income from the k-1.

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I had to deal with this yet, but according to the 1065 Instructions:

If the partnership reports EBIE, the partner is required to file Form 8990. The partner will enter the amount on Form 8990, Schedule A, line 43, column (c). See the Instructions for Form 8990 for additional information.

If it was a Passive Activity, any carryover losses on 8582 can be used this year because it was sold.  There could be other carryovers too, including a possible Excess Business Loss carryover.