Use of tax deductions on your personal income

[Arnaud Petel]

Hi all,

I am starting my real estate investment journey and am trying to understand the impact of tax deductions. Based on my calculations my first rental property will not be profitable from a tax standpoint after all deductions. 

If there are any deductions left after bringing my tax liability to zero, can I use the excess to reduce my personal income tax liability from my W2?

Thank you for the help!