When it comes to real estate related tax planning, there are several factors that you need to take into your careful consideration. It can be a little complex process and a little time consuming one also. The sales transactions related to real estate generally involves either a capital loss or a capital gain. Therefore, it is very important for you to have a clear idea about the kind of tax consequences that you may have to face before you go for a real estate sale. In order to ensure the maximum benefits from the purchase or sale of a real estate property, you must do tax planning regarding all such transactions much in advance. Following are some of the most basic things that you must know in this regard.