Yes.
But again, for NOLs (especially if your income is anywhere near that high), I REALLY recommend a tax professional.
Also be aware the Bonus depreciation would NOT apply for the actual real estate. It would only apply to appliances, carpet, land improvements, etc. The real estate (building) does not qualify and it would need to be depreciated for at least 27.5 years (more in some cases).
On another note, I just noticed your title said "Section 179". Using Section 179 would NOT create an NOL because it is limited to the amount of business income (which includes your current year W-2 income), but using Bonus depreciation would create the NOL.
