I'm in the same situation. I entered the sale of the raw land parcel that was not used for anything (so should count for investment, not personal use). I entered the sale under 'Investment Income', then 'Stocks, ... Bonds, Other'. I did not see a way to enter "Land" and get the deduction. I never planned to do anything with the land.
I get to where I say I don't have a 1099-B and I enter item description, dates bought & sold and cost and sale amount. I don't see where to say it is land.
