If you began entering your rental property information as Self-Employment Income in TurboTax, you will not see an option to describe your asset as Residential Real Estate. You will see, as you did, the property asset as Non-Residential Real Estate with a depreciation of 39 years.
Enter your residential rental property in Rentals, Royalties, and Farm section which is under Wages & Income. After you enter the basic information about your rental property, you will see the option to select Residential Rental Property, and in the Asset Summary screen, you will see the depreciation timetable as 27-1/2 years.
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