OK I can help.
As long as the cost (or basis) of the land was more than the $15K you recieved there will be no gain or loss on the return.
You will report this under Investments and you will show $15K as the cost (if the property cost at least that amount) and then the new basis of the land will be reduced by the payment and you will pay no tax.
To
enter your Investments sold
Click
on Federal Taxes
Click
on Wages and Income
Click
on I'll choose what I work on
Scroll
down to Investments
On
Stocks, Bonds, Other, click the start or update button
Please follow this answer I gave someone else on this same issue.
https://ttlc.intuit.com/replies/5793610
