If you are using the desktop software, you can use any version. If you are using TurboTax Online, you will need the Premium version. The entry you reference, non-business personal property, can be done in the Deluxe version, see below, but that section is not for real estate.
When timeshares are rented, they are subject to vacation home rules, requiring the inclusion of co-owners’ usage in calculations. If personal use by you and your co-owners exceeds 14 days or 10% of rental days, the IRS limits deductions to gross rental income, disallowing losses.
There's a special rule if you use a dwelling unit as a residence and rent it for fewer than 15 days. In this case, don't report any of the rental income and don't deduct any expenses as rental expenses.
The 1099 non-business income that you reference is for personal property only. You may own an item of personal property that you rent out on an occasional basis such as a:
- Car
- Tractor
- Trailer
- Motorhome
- Chain saw
Personal property doesn't include:
- Real estate (home, condo, or apartment)
- Farm land
- Items you rent out as part of your business
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