No, you're in the big time now.

That's a Sch E item.  Follow questions for rental properties, or just fill in a Schedule E worksheet.

It shows up on 1040 on Line 6 via Schedule 1, Line 17 -- Rental Real Estate

When you set it up on Sch E, the system asks you the total price you paid. You will need the breakdown of Improvements and Land -- On your Property Tax bill, the County tax assessor usually sets out the amounts they value for Improvements and Land, which will probably not match up to what you paid, which is ok.  You can use their percentages for your calculations.  The system figures depreciation on the improvements for each year. (non-cash expense; you're making money already)