I enter it under Separately Stated Income and Deductions, as an Other nonpassive item. Use Ctrl+E, enter Interest Expense.

I also enter an other current-year increase in basis to offset the reduction that Lacerte will automatically calculate. You'd probably need a squirrelier workaround if your guy has no basis and distributions in excess of basis, to avoid the situation where less of the distribution was taxable and some of the interest was suspended.