You do need to report it. It goes on form 8949, then to Sch D.
In TutboTax, Type> 1099-s, sale of property other than main home <in the find box. Then "jump to".
Answer no, when asked if you received a 1099-B and follow the interview.
Your cost basis in inherited property is the fair market value (FMV) on the date of death of the decedent. Vacant land is treated as investment property; meaning any capital loss id deductible.