Yes you must file a tax return. You will not owe any ordinary income tax but you must pay 15.3% self employment tax on the 1099-MISC income if it was income from working with the amount in box 7.
If you are using the online product, you will need to upgrade to Deluxe to enter the income and if you have any associated expenses, you must upgrade to Self Employed.
If you are using the CD/download product installed on your computer, you can use any version.