You will set up each Rental Property individually, although they will be reported separately on Schedule E.
Type 'schedule e' in the Search area, then click on 'Jump to schedule e'.
In the PROPERTY PROFILE section, you'll give info on the property, then you'll be able to enter RENTAL INCOME AND EXPENSES.
In the ASSETS section, enter the Rental Property itself to claim Depreciation each year, and any other Related Assets you want to claim.
Click this link for more info on Tax Tips for Landlords.
This link has details on Depreciation of Business Assets you may find helpful.
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