You may not have noticed the suggestion above. The previous suggestion was to report the amount on the 1099-K but then offset it with the same amount as a negative number in line 8z with the note "gift reported on 1099-K." My question was, though, where to report the positive amount. If the positive amount is reported on 8z and also the negative amount to offset it is on 8z, it would just cancel to zero.
