Great question — answering as the UphillTech team:
The crack you are seeing is the corner bead pulling away from the drywall slightly. If you are installing wainscoting over the crack, you need to do nothing. it is cosmetic and nothing structural. You can smooth latex caulk or patching compound over any parts exposed and touch up the paint.
Full answer by RMDman: https://diy.stackexchange.com/a/301838 (CC BY-SA 4.0).
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