Get your taxes done using TurboTax

How do I file for this using a Form 1040. Also the amount stated on Paypal 1099K is not all profit. How do I offset it and how do I describe it. 

 

for example: the 1099K amount is $3,500 but $2,000 of that is my own money deposited that I’m getting back for the $3,500 total I received.