where I report the land portion since this section for sale of business properties seems to address only depreciated assets.
Actually, the Sale of Assets/Depreciation section does include your land. If you'll edit the item that deals with the property itself, you'll see that you have "COST" which includes the land, and then "COST OF LAND". For depreciation purposes, the way it works is that the program subtracts the cost of land from the cost, and the difference is the value of the structure. It's that difference that gets depreciated.
When reporting the sale, you're reporting the entire sale price of that asset. That sale price includes the land. It does not change the amount of depreciation recapture (as it shouldn't) on that asset.
It all works out in the wash, if you just follow the prompts on each screen and let the program "do it's thing" in the background.
