You could report the 1099-Misc income as you mentioned, and then go to Other Miscellaneous Income, 1099-A, 1099-C. On the next page, scroll down to Other Reportable Income. For Other Taxable Income, say Yes, then enter a description and the amount on the 1099-Misc as a negative number.
You didn't really 'earn' any income, just got repaid for fees you originally paid yourself.
@archguns
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