It depends.
I would recommend that you make sure you pick up all of the selling expense from your closing report to ensure you accounted for all of the costs associated with the sale of the land. This would include items such as commissions, appraisals, broker fees, legal fees, advertising, etc. See the following link for additional details.
You would only be able to add the costs for any improvements made to the basis of your land costs.
Entering the sale of land
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