That seems like a correct treatment. After your K-1 entries, hit Forms in the upper right, and make sure your interest is pulling through as 102 in total (and not 102 + 15 = 117) on the 1040, Line 2b.
However, all of this is assuming that there's no dividends in box 6a. In that case, it could be another treatment. Is there anything to account for in K-1 box 6a?
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