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The sale of land as an investment is recorded as the sale of an investment.   In TurboTax Online, report the sale of an investment by following these steps:   Click on Federal down the left side of the screen. Click on Wages & Income down the left side of the screen. Scroll down to Investments and Savings and click the down arrow to the right. Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. At the screen Let's finish pulling in your investment income, select Add investments. At the screen Save time and connect your financial accounts, select Enter a different way. At the screen How do you want to add your docs?, select Type it in myself. At the screen OK, let’s start with one investment type, click Other, land, second home, personal items, 1099-S).  Click Continue. At the screen Tell us more about this sale, enter the information. Under What type of investment…., select Land (other investment purpose). Enter the sales information.  Click Continue. At the screen Let us know if any of these situations apply to this sale, make entry as needed.  Click Continue. At the screen Review your XXX sales, select Add another sale to report another transaction.  Click Continue. The entry will be reported on IRS Schedule D and IRS Form 8949 Sales and Other Dispositions of Capital Assets.