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Hi from just answer. I'm PDtax, and will assist.
There are two parts to your question. The type of property is residential rental, 27.5 year property. I like to enter all the figures as 100% deductible, so the second part, the business percentage, is 100%. That means the depreciation is set up at the business amount, say 50,000 of a 200,000 building.
My office software does ask to identify the rental as fractional. If you use tax prep software, look for that on your data entry page.
I like to describe the property as "25% rental of residential real estate,*****, your town, SC". That will tell the tax people you are reporting income from 1/4 of your property.
Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.
Got it. 1b should be single family residence. The title you use on 1a as I refer to above will allow you to describe fractional use as rental.