Yes
The IRS has cracked down on payment services such as PayPal, and requiring 1099-K be issued.
The official IRS instructions state this form is informational, however it might be a good thing to report it so he IRS has a paper trail.
Yes, enter the 1099-K like income then start a miscellaneous expense ONLY for the pass-through amount so that it is easy for you and the IRS to see where the funds came and went.
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