I'm already using the Premium version but it does not allow me to select the residential property option.
The only way I could figure out how to do this is purchase TurboTax Business Desktop, import my data there (that was pretty easy after logging into my Intuit account) and then switching to the forms mode where you can adjust the type of property on the Asset Entry worksheet under the Schedule C.
I don't think there is a forms mode like this for TurboTax Online.
