RollTide68
Level 8

Just a suggestion:

Fill out the 1099-K as other income and at the bottom of the worksheet you can make an adjustment equal to the amount on the 1099-K.  Effectively zero'ing out the income.  it will flow to the other income section under 1099-K income.

Add a Miscellaneous Statement form and explain your rational for the adjustment (gifting)

my $0.02

 

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