There is a better way but you will need to upgrade to TurboTax Home & Business. After selecting TurboTax Home & Business, about a dozen screens into the Property Profile section (which accessed by selecting Business Income & Expenses, and then Rental Properties and Royalties) you will see the screen, How Did You Acquire the Property? and on this screen you will also see the option to select I received this rental as a gift. The next screen will request information about, among other things, the date the donor placed the rental in service, donor's depreciation schedule, and donor's gift tax, if any.
If you are interested in upgrading to TurboTax Home & Business (which is available as a CD/download) here is a link to a TurboTax article that describes the process. You won't have to re-enter your information, as your online information will transfer once the upgrade is complete.
@Danny782
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