Did you take the "2 of last 5" capital gains tax exclusion on the land you sold in 2022, or any part of it? My response assumes you did not.
Typically, if your gain is less than $250K ($500K if filing MFJ) you don't need to report the sale;provided of course you qualify for the exclusion. However, if you receive a 1099-S reporting any gains to you on the sale, you are required to report the sale no matter what.
