For starters, the only thing you were paid for, was land. Remember now, land is not depreciated. So this will note change anything what-so-ever on your depreciation one single bit since land is not depreciated anyway.
But what "exactly" were you paid for?
Was the payment for the actual land? Or was the payment for "rights" to utilize that land, and you still own the land? This matters.
If the payment was for the land, then that "should" reduce the amount of land you own, as well as pay property taxes on. This is fully what I expect. But it depends on just who or what entity paid you for this.
