So we're selling our other house in Punxsutawney (yes the ground hog place) but a loss of more than $5000. Not much yes but now after inspections it turns out we need to replace the boiler which would run up to another $4500. Now I heard losses like this can be regained via it being tax deductible or something. Does anybody have insight on this? I also plan on speaking with an accountant about this on Monday. We need to move on and sell that property as it has been sitting there for 2 years now. Better to sell it off now even at a loss.