Rental Income - Net Loss

I have a rental property that is coming up with a net loss after deducting mortgage interest, building deprecation and various other expenses. Can I take the net loss out of my mortgage interest input and apply it as an itemized deduction to reduce my personal tax expense?

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Rental Income - Net Loss

No. Any allowable loss will be shown on line 17 of your 1040. Rental losses are not an itemized deduction.

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