If the Form 1099-Misc you received reports your income in Box 7 then you need to report the income to the IRS and pay self-employment tax. If the income is reported in Box 3, and this is your only income, then you are not required to file a tax return.
See the TurboTax FAQ below for steps on entering Form 1099-Misc information in TurboTax. Click "See entire answer" for the full page view.
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