Can I take the sale of land as a loss if I sold it for less than I bought it?

[TaxGuyBill]

If you used the land for personal use, no.
If it was never used for personal use (only investment purposes), yes.

[2017-]

where do I report the sale of vacant land in turbo tax

[TaxGuyBill]

In the same section as Stocks, Bonds, Mutual Funds, etc.

[SweetieJean · Accepted solution]

So it was never developed, i.e., no bui;dings were ever in it?  Was it ever used for, say, farming, as a parking lot, etc?

Assuming you purchased this land in anticipation of a price increase, that is, as an investment, then the sale of the land at a loss would result in a capital loss. Capital losses first get applied to any capital gains.  If there's "left over" capital loss then $1,500/$3,000 (depending on filing status) of that loss gets applied to other income.  Any remaining loss is carried forward as a capital loss to be applied in subsequent years.