The TurboTax Deluxe desktop edition supports entry of a 1099-K and self-employment income and expenses on Schedule C.
All of the desktop editions include the same forms, schedules and worksheets. You get more help and guidance using the higher editions. You may see the recommendation in the Deluxe edition to upgrade to the Home & Business edition, that is a recommendation only it is Not a requirement.
If you choose to upgrade, just click on Upgrade TurboTax at the bottom right of the desktop program screen.