Yes, you will need to create a separate K-1 for each property included on the consolidated Schedule K-1.
To do this in TurboTax, look for the button at the bottom of the Schedule K-1 summary page that says, "Add Another K-1."
Enter the information for Part I of the K-1 that applies to each property. The info from Part II should be the same.
Include the information from Part III on the first copy that relates to the first property. The second copy would have the info for the second property in Part III. You will need to use your own accounting information to accurately allocate these K-1 items.
If you have Section 199A to enter, be sure to check Box 20 Code Z for each property. Then enter the specific QBI breakdown according to Statement A for each property.
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