if you want to have a loss from your LLC, you can take bonus depreciation which is not limited to business income. whether you have a NOL is a different matter completely. while your LLC may show a loss, W-2 wages are deemed business income and thus will offset part or all of the LLC loss. in summary, a NOL is the excess of business deductions and losses over business income reduced by the excess if any of non-business income over non-business deductions.
