Deductions & credits

Yes, there is a way to enter land sale but you do need to follow these instructions explicitly. 

1. Open Turbo Tax
2. Federal taxes>wages and income>investment income>stocks, bonds other etc.
3. Did you sell any investments in 2020? The answer is yes.
4. Did you get a 1099 B or brokerage statements for these sales. Answer NO
5. Next screen, you will enter one sale at a time
6. Tell us about the sale.  You will enter information about cost basis, description, when acquired, when sold etc. For description, you will put land.
7. For holding period, if you owned it 1 year or less, it is a short term sale.  more than one year, a long term sale.
8. Next screen, you will say done unless there were federal or state taxes withheld from the proceeds.
9. Just finish out the rest of the section and once complete, you should see a screen that looks like this.