Does turbotax home and business cover depreciation, specifically the section 179 deduction?

[VolvoGirl]

Yes.  The Online Self Employed version should too.

[VolvoGirl]

Screen Shot of Windows Home & Business

[AmeliesUncle]

But in many or most cases using the Special Depreciation Allowance (Bonus depreciation) is better than using Section 179.  So you many want to use that instead.