Get your taxes done using TurboTax

I’m in the same situation. I think I’ll ultimately report it all and do the cancel out expense (mine is also a big amount like yours which makes me uneasy to make such a large expense). 

frustrating that last year I found on the IRS website it says “if a 1099-k duplicates other reporting forms” to correct it in the other income section. But now for this year it only says if it duplicates another 1099-k.