Yes, if the purchase was for a business (rental) property you can enter the transaction as the sale of an investment property in the "Investments" section. "Add an investment" and select the "Land, ... other" tile.
Enter the property as land (other investment) with description "Forfeited Escrow) sold with zero proceeds and enter your cost basis with the applicable dates (date escrow opened/date forfeited). The result will be a capital loss.
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