If you have a W-2 you ARE an employee, unless you are a statutory employee. That means box 13 would be checked. If it is not, then you ARE an employee.
If you are a statutory employee, then you are treated as an independent contractor. Then you would need to file Schedule C. You can then deduct your expenses. in this case, yes, you would have to upgrade to TurboTax home and business.
The income on the 1099-NEC would be taxed as self-employment and subject to SE taxes which are 15.3% in addition to your regular ordinary taxes.
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