While all of the desktop products prepare the same forms, they differ mainly in the amount of help and guidance. While desktop Premier may offer more help and guidance on such a land sale (and perhaps its screens are easier and more definitive for land sales), desktop Deluxe is "supposed" to handle it, but it's certainly not straightforward and intuitive.
Read this other thread on a recent similar topic also in the Deluxe Edition (although it was reporting a 1099-S for inherited land.)
Be sure to read the whole thread.
TurboTax expert @ MaryM428 provided steps to enter a land sale in desktop Deluxe, but I am unable to follow her steps exactly as she wrote them and neither was the threadowner who was also using Deluxe.
https://ttlc.intuit.com/community/taxes/discussion/sale-of-inherited-land-using-cd-download-2020-del...
As you'll see in that thread, the threadowner responded that he could not follow her steps. Then another TurboTax expert @ pattif12 as well as TurboTax expert @ DawnC relayed some additional info on how to enter it and how TurboTax handles it.
I'm a fellow user, not a tax expert. However, I've mentioned those experts in this thread, so one of them may return here and assist you further with this. I have no idea why the programmers made it so difficult and non-intuitive to do in desktop Deluxe.
