No, you do NOT enter the income shown on the Form 1099-MISC as a W-2.
If the form 1099-MISC has your income entered in box 7 of the form then the IRS considers you a self-employed sole proprietor/independent contractor. You must complete a Schedule C for the self-employment income and expenses. To complete the Schedule C you will need to use the Self-Employed online edition. Or you could use any of the TurboTax desktop editions.
See this TurboTax support FAQ for self-employment income - https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/01/...
