Do I need to file a 1099 NEC

[LunaLindaArge]

I received a 1099 NEC and Im confused on whether I need to file if its less than my standard deduction of  for single no dependents and It was my only income for the year. I was also claimed as a dependent by my head of house hold. How would I be affected if I do not file this year?

[Bsch4477]

If your 1099-NEC is for more than $400 you must report it to pay self employment tax even though you may not have to pay regular income tax. 

[AmyC]

The IRS filing requirements are different for business owners.  The form 1099-NEC is used with the self employed. Income over $400 requires self-employment tax. You should file a tax return to claim your income and pay any taxes due.

References:

• Do I Need to File a Tax Return?
• Does a 1099-NEC or 1099-MISC mean I'm self-employed?
• Schedule SE (Form 1040)