Related Party Transaction

How do I report the gain if rental property was sold to a related party at a gain but below FMV?

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see IRS PUB 544 (page 20) to determine if the sale to the related party is one that results in the entire gain being recognized as ordinary income otherwise the normal rules apply but in addition, a gift tax return would be required if the difference between FMV and the price you sold it for was more than $16K. Turbotax does not do gift tax returns.

https://www.irs.gov/pub/irs-pdf/p544.pdf