Land is handled on Schedule D. Since land is not depreciable, the increase in price is a capital gain. Land that is sold as part of your home's property is included with the sale of the home itself and subject to the Home Exclusion treatment. But if the land was separate from the home, you will report the sale of the land separate from the house on Schedule D. You can access by typing in "Schedule D" in the Search Box (magnifying glass), and then click on the Jump to link.
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