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Deducting k-1 debt financed distribution

I have a K-1 that on line 13AC shows an amount for "interest expense allocated to debt-financed distribution" The distribution in question I received I invested in index funds. I was wondering if I can deduct this interest as investment interest expense? Would that be on form 4952?

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Deducting k-1 debt financed distribution

straight from 1065 k-1 instructions for 13AC. 

If the proceeds were used in an investment activity, report the interest on Form 4952. If the proceeds are used for personal purposes, the interest is generally not deductible

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Deducting k-1 debt financed distribution

straight from 1065 k-1 instructions for 13AC. 

If the proceeds were used in an investment activity, report the interest on Form 4952. If the proceeds are used for personal purposes, the interest is generally not deductible

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